The Most Expensive Lakes in New Jersey to Buy a Second Home

New Jersey is a state of varying landscapes, from beaches to forests and everything in between. One of the state’s hidden gems is its collection of serene lakes, which have attracted people for generations. For those looking for a second home, buying a lake house in New Jersey can be a smart investment. However, some of these picturesque water bodies come with a steep price tag. In this article, we will explore the five most expensive lakes in New Jersey for purchasing a second home and learn what makes them so sought after. Whether you are in search of a quiet retreat or a bustling social scene, one of New Jersey’s most expensive lakes will fit your needs.

1. Lake Hopatcong

Average Home Value: $1.2 million

Lake Hopatcong is one of the most popular and sought-after lakes in New Jersey. The lake covers over 4,000 acres and has over 45 miles of shoreline, making it the largest freshwater lake in the state. The lake is surrounded by the towns of Hopatcong, Jefferson, Mount Arlington, and Roxbury, all of which have plenty of real estate options for those looking to purchase a home on or near the lake.

The average home value on Lake Hopatcong is $1.2 million, which is notably higher than the New Jersey average home value of $330,000. The lake is home to some of the most lavish homes in the state, ranging from cozy cottages to modern mansions. The real estate in this area is highly sought after, with people from all over the East Coast and beyond looking to purchase a home on the lake.

In addition to its real estate value, Lake Hopatcong is also a hub of recreational activities. People come from all over to enjoy swimming, fishing, kayaking, and boating on the lake. The area is also home to a number of marinas, making it easy for visitors to rent boats or keep their own boats at the lake. On land, visitors can enjoy hiking, biking, and golfing. There are also numerous bars and restaurants on and around the lake, making for a great waterfront dining experience.

Lake Hopatcong is an ideal destination for those looking to invest in a second home in New Jersey. With its high-end real estate and abundance of recreational activities, it’s easy to see why it continues to be a top choice for home buyers.

2. Lake Como

Average Home Value: Almost $1 Million

Lake Como is a small, picturesque lake located in the southeastern part of New Jersey, near the Jersey Shore. The lake covers just over 100 acres and is located in the town of Spring Lake. Real estate in this area is highly sought after for its desirable location.

The average home value on Lake Como is $923,000, which is significantly higher than the average home value in New Jersey. The lake area is primarily residential, with a mix of seasonal and year-round homes. Many homes in the area have beautiful views of the lake and are designed to maximize the lake’s natural setting.

In addition to its real estate appeal, Lake Como offers plenty of recreational activities for residents and visitors. The lake is a popular spot for fishing, boating, kayaking, and swimming during the summer months. Bicycling and hiking trails are easily accessible near the lake for those who prefer land-based activities. The lake is also conveniently located near several popular beach towns, such as Belmar and Asbury Park, which offer a variety of restaurants, bars, and shops.

Lake Como offers a unique blend of small-town charm and waterfront living, making it a popular destination for those looking to invest in a second home in New Jersey.

3. Spruce Run Reservoir

Average Home Value: Almost $.5 Million

Spruce Run Reservoir is a man-made lake located in Clinton, New Jersey, and is one of the largest reservoirs in the state. The reservoir covers approximately 1,290 acres and is around nine miles long.

Real estate in the area is mainly located in neighboring towns. The average home value near Spruce Run Reservoir is around $423,000. The area’s real estate is popular for its vantage point overlooking the lake’s serene waters.

Visitors and residents of Spruce Run Reservoir can take part in a variety of recreational activities like hiking and walking its trails, boating, picnicking, and swimming in the designated swimming area. The reservoir is also a top destination for anglers, as it is home to several species of fish, including bass, trout, walleye, and catfish.

The area surrounding Spruce Run Reservoir offers plenty of opportunities to explore its natural beauty. The nearby Spruce Run Recreation Area has several trails for hiking and biking, a swimming area, playgrounds, and picnic areas. Additionally, the nearby Round Valley Recreation Area offers hiking trails, fishing, and camping facilities.

Spruce Run Reservoir offers a peaceful and serene living environment with easy access to a variety of recreational activities.

4. Round Valley Reservoir

Average Home Value: $.5 Million

Round Valley Reservoir is located in Lebanon, New Jersey, and is a popular destination for fishing and boating enthusiasts. The reservoir covers around 2,350 acres and has a maximum depth of around 180 feet.

The area surrounding Round Valley Reservoir is primarily residential, with a mix of permanent and seasonal homes. The average home value near Round Valley Reservoir is around $514,000.

Visitors to Round Valley Reservoir can enjoy boating, fishing, swimming, and hiking. The reservoir is stocked annually with fish, including trout and bass, making it a popular destination for anglers. Additionally, there are several hiking trails around the reservoir and the surrounding area, offering scenic views of the reservoir and the natural beauty of the surrounding environment.

In terms of real estate, there are several residential properties near the reservoir. These include permanent homes, seasonal homes, and vacation properties. Many of these homes have scenic views of the reservoir and are designed to complement the surrounding natural environment.

Round Valley Reservoir offers a range of activities for visitors and residents alike, and real estate in the area can offer a tranquil lifestyle with stunning views of the reservoir.

5. Merrill Creek Reservoir

Average Home Value: Almost $400,000

Merrill Creek Reservoir is located in Warren County, New Jersey, and covers around 650 acres. The reservoir is a popular spot for fishing, kayaking, and hiking, with several trails in the surrounding area.

The area surrounding Merrill Creek Reservoir is primarily residential, with a mix of seasonal and year-round homes. According to Zillow, the average home value near Merrill Creek Reservoir is around $379,000.

Real estate near the reservoir offers scenic views of the water and the surrounding landscape. Many homes in the area are designed to complement the natural setting and offer spacious lots with plenty of greenery and trees.

Recreational activities near Merrill Creek Reservoir include hiking and fishing. The Merrill Creek Reservoir Trail System features miles of hiking trails that wind their way around the reservoir and the surrounding area. Fishing is also popular in the reservoir, with several species of fish found in the waters, including trout, bass, and catfish.

Merrill Creek Reservoir offers a tranquil living environment with access to a range of outdoor activities. Homes near the reservoir offer scenic views of the water and the natural surroundings, making it an excellent location for those looking for a serene retreat.

In Conclusion

New Jersey is home to some of the most picturesque lakes in the country, with breathtaking views and a range of activities. Buying a second home on one of these lakes provides a unique opportunity to enjoy the natural beauty of the state and escape from the hustle and bustle of city life. While prices for properties near these lakes can be steep, they offer an excellent investment opportunity and a chance to make unforgettable memories with family and friends. Whether you’re looking for a peaceful retreat or an action-packed getaway, the most expensive lakes in New Jersey have something to offer everyone.

Summary of The Most Expensive Lakes in New Jersey to Buy a Second Home