Waterfront Homes
Waterfront homes are built on pieces of property that touch the shoreline of the Lake; the waterfrontage and views vary from parcel to parcel. Waterfront homes have direct access to the lake. The prices of waterfront homes at Lake Anna tend to start around $800,000 into the $ 2,000,000. A recorded high sale closed in 2022 for $4,750,000 with the property featuring a waterfront home with approximately 59 acres of land and a roughly 3,600 ft water frontage/shoreline. There are several factors that determine the value of waterfront homes at Lake Anna.
- Length of water frontage/shoreline
- Size of the water view
- House (Size, Age, Updates, Location)
- Amenities (Boat house, detached garages, additional structures, improvements to land, etc.)
Bottom line is the better the view, shoreline and house, the more valuable the property becomes.
Water access homes.
Water access homes at Lake Anna are situated near the water without direct shoreline contact. Water access homes are located within subdivisions / HOAs that include “shared common water access areas” or simply worded “common area” and is equipped with amenities such as boat slips and ramps that offer accessibility to the lake. The common areas are exclusively for the residents of that community, and these areas are not open to the public. Lots of homeowners of water access homes find their property is just a walk or golf cart drive away from the common area.
Many water access homes include boat slips within the subdivision’s common areas; however, some subdivisions provide boat slips that can be leased, obtained on a first-come-first-served basis, or some parcels may not have a dedicated boat slip at all. The value of water access homes at Lake Anna typically ranges from approximately $300,000 to $800,000.
Subdivisions or HOA communities.
There are over 150 subdivisions that surround the lake on both the public and private sides. However, there are also waterfront properties and other properties around the lake that are not in a subdivision or HOA. For HOA communities, the typical annual due observed is $100-600 annually depending on the HOA and its amenities, maintenance requirements, and other factors. The HOA communities are different and have their own covenants and restrictions and their own board. The key benefit for being in a HOA community, is for their dedicated community only access to the lake which is most ideal for “water access properties.” This area is known as the subdivisions common area. Each common area around the lake is different and has different amenities but what is typically common is a ramp, dock, and boat slips with other upgraded amenities seen such as covered boat slips, grill areas, kayak racks, community pool, picnic area, volleyball area, tennis court and more.
Vacant land at Lake Anna.
Vacant land around Lake Anna is available for purchase, usually without amenities such as a well and septic system, and without a pre-existing house. You can purchase vacant waterfront lots, water access lots, and there are some RV friendly lots available. It is common to see buyers ask for a soil and/or study period contingency in their offer, to allow them time and resources to determine if the property can be used for their intended purpose. Waterfront lots range from roughly $275,000 to $700,000, and water access lots tend to range from $30,000 up to $150,000.
New construction at Lake Anna.
In the area, there are numerous home builders that specialize in waterfront and water access home builds. Builders from other major cities in Virginia have also built properties at the lake. If you reach out to us directly, we would be delighted to provide recommendations for reputable home builders as well as contractors. We frequently communicate with builders to learn more about their products, services, timelines and costs so we can best pair our clients with the right options.
In addition, you may view properties for sale listed as “To Be Built.” If you see this, this typically means that a builder has already bought land, and went through the permitting process to build a specific house on the land and the plans are already made. While the permits are in hand, the build typically does not begin the build until a buyer purchases the property. By choosing this new construction option, you save time by avoiding the permitting process as the builder typically already did this.
Dominion Easement
This easement pertains to waterfront homes and the common areas of the HOA’s communities. Dominion Power owns a margin of the land (typically around 50-75 feet) all the way around the shoreline of the entire lake.
This information can get a lot more technical, but for the sake of keeping this easy to understand, the bottom line is Dominion Power gives you “an easement over that margin of land owned by Dominion, between your property and the lake, which gives you ‘full use and enjoyment’ of that property.” You may build a boathouse and other amenities on this margin of land with approval from Dominion Power. For more information and specific wording, please visit Dominion Power’s website.
Boathouses.
For waterfront property owners, the construction of boathouses is not only allowed but also promoted, with Dominion Power’s approval. Dominion Power provides comprehensive guidance to the public regarding the proper construction of these structures.
Bulkheads
Waterfront property owners have the option to build and install bulkheads for erosion protection. There are three common types of bulkheads: wood sea wall, concrete sea wall, and rip-rap (rocks). Dominion Power provides comprehensive guidance to the public regarding the proper construction of these structures.
Well and Septic Systems
Almost all properties around Lake Anna are on individual well and septic systems. Very few subdivisions such as Sunset Cove are on community septic systems or the townhouses next to the Lake Anna Plaza have public septic and water.
Internet
High-speed internet is accessible in the area, but the type of access varies based on location around the lake. The top providers seen are StarLink, iWisp, Viasat, FiberLync, Firefly, Comcast, Verizon, and others you will need to check their availability. See our other pages on our website for a list of service providers who can assist you with this.
Thank you for reading
When considering a move to Lake Anna, it’s not just about buying a property; it’s about embracing a unique lifestyle. With its serene waters, beautiful surroundings, and abundance of recreational activities, Lake Anna offers a retreat that has attracted many from all over. Whatever your reason may be, Lake Anna provides the perfect backdrop for creating unforgettable memories.
When purchasing real estate at Lake Anna, it’s crucial to work with a knowledgeable and trustworthy partner. We have a deep understanding of the local real estate market, including regulations and trends. Our team will work harder than anyone else to guide you through every step of the process, from finding the perfect property to ensuring a smooth closing. With our expertise and dedication to your needs, we’ll help you make informed decisions and find the Lake Anna property that’s perfect for you.
At The M Group, we believe in helping you not just find a house but discover a new way of life at Lake Anna.
P.S.
Like what you’re reading, see our exclusive “This Is Lake Anna, The Documentary.” This is a video series of all things Lake Anna where we cover these topics in video format so you can view Lake Anna first hand. Scroll down the view now!
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