In any case, only the few thousand homes (including detached homes & condos) that originally belonged to either of the two lakes can belong to the lake. And it is the home that belongs; in fact, once a home belongs to the lake it can never not belong to the lake, which means that current owners must pay the association dues that go along with lake membership whether they use the lake or not: it is called running with the deed.
So, buying a home in Lake Forest which belongs to the lake, will make those homeowners members of only that lake (no home belongs to both lakes). And, buying a home which does not belong to either lake means the owners can not belong to either lake not even by offering to pay a fee to do so.
Harrison K. Long
Realtor and broker, Explore Group Properties, Coldwell Banker Previews
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