Wealthy Vacationers Flock to a Man-Made Lake in Alabama
In July, the annual average sales price for single-family homes along Lake Martin was around $1.3 million, up about 95% from about $668,000 during the same period in 2019
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In July, the annual average sales price for single-family homes along Lake Martin was around $1.3 million, up about 95% from about $668,000 during the same period in 2019
Lake Martin has seen a surge in real estate sales along its shoreline with single-family vacation homes commanding an average price of $1.3 million.
Over the past five years, Lake Martin has seen an influx of out-of-town homebuyers, which has raised the average home price to $1.3 million.
Lake Martin is drawing wealthy vacationers willing to spend big on waterfront homes
In the middle of east central Alabama lies what was once one of Alabama's best kept secrets. Lake Martin, a man made lake supported by Martin Dam, is fed by the Tallapoosa River and surrounding creeks. The lake consists of 40,000 acres and has a shoreline that reaches over 800 miles.