$395,000
9444 Harbour Pointe Drive
house with boat dock rights available separately
$195,000 Patton Rd land and boat dock
$249,900 Lot 7 Merritt Drive
land
$ 35,000 Dock 37 Rush Ridge Fork East
boat dock rights
$269,900
8121 Axsom Branch Rd house on
the quiet side of Lake Monroe
It can be difficult to find properties for sale on Lake Monroe. Because this reservoir is the water source for the local population, local government has strict rules for land use within the Lake Monroe
watershed. Among the rules restricting land use is that, aside from parcels already in existence, any subdivision of land within the Lake Monroe watershed must be at least five acres.
Within that five acres must be a one-acre parcel that meets slope restrictions to avoid run-off into the lake. Lake The terrain here in Lake Monroe is gently hilly and Lake Monroe, being a man-made reservoir, is not a lake
like Michigan with long sandy beaches. Rather, it is a lake with lots of gorges and ridges that run up and out of the water. Because of the topography and the "slope restriction" rule, there aren't as many building sites available
on the lake as one might find at other lakes with fewer development restrictions.
Boat dock rights are another common feature desired by lake property owners. Lake
Monroe is governed by the Department of Natural Resources and the Army Corps of Engineers and is one of the group of "newer" lakes developed after World War II. On these newer lakes (similar to Lake Patoka), there is a moratorium
on boat dock rights being issued. Despite trying, even a famous unnamed star couldn't get boat dock rights on Lake Monroe, so if that person couldn't get right, there are no exceptions to the rule. The flip side of boat dock
rights is that there arre group docks available with properties in certain neighborhoods as well as a few standalone group docks, so dock rights can be available either with a home or, occasionally, separately as part owner of the
group. However, there are a few marinas on Lake Monroe where a slip can be rented, so if a property doesn't have boat dock rights, docking a boat is still a possibility.
One more feature desired by lake property owners is water access. Because of the hilly topography of the land around the lake, it can be difficult to find a property with accessible water frontage. For example, a property might
have frontage but it's a 300' slope from the house down to the take line. This also ties into view. A property might sit lower and have decent pedestrian access to the water but not have a view. Conversely, a property might sit up
on a ridge and have a superior view but not be accessible to water.
Finding the right property on Lake Monroe requires patience. There aren't a lot of properties to choose from, and for those that are available, you'll likely get a mix of view, water access, and boat dock rights, but not all bundled into one property. Do you have any more questions on Lake Monroe properties? Then please
contact Signature Realty Services. We're happy to address you inquiries!
