Buying a Lake House: Important Things Home Buyers in Brevard County Need to Know

Dated: May 24 2021

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Living on the water is a dream of many Florida buyers. In fact, many buyers relocate to Florida each year to find their dream home on one of the Sunshine State's many lakes. Buying a lake house can be a smart investment. Not only can they provide a lifetime of family bonding and memories on the water, but Florida lake homes and water lots are also in high demand. Although owning a lake home can be a lot of fun, living lakeside can also involve a lot of maintenance.  

If you're thinking about buying a lake house in Brevard County, here are some questions you should ask yourself before making a decision. 

Does the Lake Meet Your Needs?

When you imagine yourself living out your life in a Florida lake house, what are you doing? Maybe you're a keen angler who dreams of living on a lake filled with plenty of Largemouth bass. Or perhaps you enjoy waterskiing or boating, or simply enjoy having a lake view? Regardless of the reason why you want to live on the water, it's essential to understand whether the home you're looking at enables you to enjoy it in the way you want to. 

For example, if you want to build a dock at your new home, are there any HOA by-laws or county restrictions that make this impossible? If you plan to use a jet ski or other motorized vehicle on the lake, is this restricted or prohibited in some way? An experienced Florida real estate agent, will be able to help you determine what activities you can enjoy on the lake — so you don't end up buying a lake home that doesn't meet your needs. 

Is the Home Located in a Florida Lake Conservation Zone?

In Florida, homeowners own the shoreline of their lot; however, the lake is a public resource. A conservation area is an area of land that must be managed according to specific regulations set by the governing body. For example, conservation areas may be protected from pruning or clearing of the plant life and undergrowth. If you purchase a home on a lake, it is essential to know whether it's subject to conservation area regulations. This is especially true if the lake view is obscured by foliage and you have plans to clear it! 

What Is the Water Quality Like?

Depending on how you'd like to spend your time on the lake, the quality of water could be something you'll want to investigate. Water quality can vary widely in Florida, depending on whether the lake is spring-fed, man-made, or has certain plant species. Spring-fed lakes tend to have the clearest water; in contrast, lakes located in Cypress marshes can be less clear and have murky water from the trees' tannins. For this reason, lakefront land on spring-fed lakes is highly desirable and often sells for a premium. 

What are the Home Insurance Premiums on a Florida Lake House?

If you purchase a home in a moderate or high-risk flood zone, your lender might require you to buy flood insurance. Even if flood insurance is not required, it can be a good idea in light of Florida's low elevation and hurricane weather. Flood insurance premiums vary greatly depending on where a home is located and other particulars such as its size and what type of flood zone it is located in. According to the Value Penguin, the average cost of flood insurance in Florida is $592. 

Lake Home Communities In Brevard County

Summer Lakes, Viera Lake Homes

If you’re looking for luxury lakefront living in Brevard County, then look no further than Summer Lakes. Situated in Viera, Summer Lakes is a thoughtfully planned master community that features spacious lots ranging in size from one-third acre to two acres. Highly sought after real estate, Summer Lakes is centered around the pristine 80-acre Biblia Lake and boasts custom homes built by some of the areas most esteemed builders. 

Adelaide, Rockledge Lake Homes

Adelaide is a 460-acre community that offers some of Brevard County's most luxurious single-family homes. Situated on the shores of picturesque Lake Adelaide, this community is perfect for buyers looking for a home to enjoy the great outdoors — In fact, over one-third of Adelaide is unspoiled water views or conservation area. Plus, with just a 15-minute drive from Brevard County Beaches, you can also enjoy the coast as much as you enjoy the lake. 

Buying a Lake Home in Brevard County.

Purchasing a lake house can be an excellent investment; but, it's essential to understand the maintenance that a home on the water requires. If you're thinking about purchasing a lakefront home in Brevard County, Central Florida, Space Coast, or the surrounding area, speak to an experienced Florida real estate agent today. 

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