Gayle, Lakefront property typically holds its value over the years because there is only a limited amount available. With the current Bankers Market I feel there is no need to rush. Until lenders loosen their requirements there will continue to be several properties available in every price range.

I do suggest starting to investigate lakes in the area(s) you're interested in living on. Expect all lakes to have some level of pollution, including mercury from the air. The website below may have some information that will help you choose the right lake for you.

Lake front is commodity. There is no more being made and holds it's value traditionally. If you want a future retirement property, you can cosider buying now and renting out until retirment. You can use it for a limited time each year. You can write off the property as an investment and then make your other primary home a rental and convert the lake home to your pimarry residence. A good CPA can help you save alot of money.

In my opinion, and from what I have seen there is some remarkable buys in lake property. Why? There is so much for sale, where in past years there was not as much supply.
Of course no one can predict the market, but property on lakes, especially frontage has always held it's value. There is just more to choose from.