The going rate for a small 2-acre pond? About $50,000, according to one engineer.
If a home on the coast isn’t an option, a lake is the next best thing. And if you can’t find a lake, make one.
House-hunting means making compromises, and one amenity that isn’t always available is a water view. “If you want 100-acres-plus, and you want horse facilities and all of those things that go with it, you’re going to have to find something inland,” says Mike Brady, broker associate for Sotheby’s International Realty in California’s Santa Ynez Valley. But inland often means no water.
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