With its reputation for frequent droughts and flat, dusty terrain, Texas may not seem like an ideal place to buy a lake home.
But the state sees a strong demand for homes with lakefront access and views, and the Dallas-Fort Worth region is home to three of Texas’ top 10 lakeside housing markets: Cedar Creek and Possum Kingdom lakes, as well as Lake Texoma along the Texas/Oklahoma border.
“North Texas lakes have very good demand that seems to be increasing,” said Stephanie Mueller, a real estate agent for Lake Homes Realty in the Cedar Creek Lake area. “Many agents are saying they had their best year ever.”
Cedar Creek, the state’s sixth most popular lake, along with White Rock Lake, are located on the east side of the Metroplex. Cedar Creek is just over an hour drive southeast of Dallas, while White Rock sits inside the city, bordering Garland.
Homes in those areas and across North Texas tend to be priced between $450,000, just above the most affordable lake homes statewide, and $900,000.
Click through the slideshow below to see properties from Cedar Creek and White Rock lakes priced at, below and above the market average.
Lakefront homes east of Dallas VIEW SLIDESHOW 73 photos
Buyers seeking lake properties in North Texas tend to be a mixture of weekend and full-time residents, though those looking for weekend and holiday retreats tend to be more common, Mueller said.
“There are wealthy buyers, but the majority just make a very nice living,” she added. “Many of the more expensive homes are sold to out of state buyers.”
Lake Homes Realty, which compiled a list of lake homes for the Dallas Business Journal, is preparing for a busy season as buyers begin to look for summertime getaway properties.
“Now is the time to be looking if you want to buy for summer,” said Brian Cauble, Lake Homes Realty’s director of market engagement. “Later in the summer, much of the best inventory for the year has been sold.”
If you’re not eastbound, take a 2-hour drive north and check out retreats in Lake Texoma in the slideshow below.
Homes on Lake Texoma VIEW SLIDESHOW 37 photos
Largest North Texas Residential Real Estate Brokerages
Ranked by Transactions Closed in 2016
Rank Business Transactions Closed in 2016 1 Keller Williams Realty 25,301 2 Ebby Halliday Real Estate Inc. 19,719 3 Coldwell Banker Residential Brokerage, Dallas/Fort Worth 7,652 View This List