, stated that Lake Martin has the most expensive homes among Alabama’s lake markets, with an average listing price of $1.1 million.“The area has long attracted a high-net worth clientele made up of CEOs and business owners,” the WSJ reported.
But the Journal stated a growth spurt over the last five years has resulted in a 95% increase in the annual average sales price for single-family homes along the shoreline. And buyers from Florida, Tennessee and Georgia are starting to show up, drawn by Russell Lands’ new Wicker Point Golf Club, scheduled to open in late September.
“Because we have western exposure, I wanted really big decks that feel like outdoor rooms,” Pearl told the paper. “In the fall, you can be outdoors all day and have a fire at night when it gets cool.”