Homebuyers are finding this stretch of lakefront real estate appealing, for a host of reasons.
Photo by Lake Shots Photography
by Kate Robbins
The real estate market has exploded at Lake of the Ozarks. In 2021, home sales were on-pace to show a 33% increase compared with the year before (as of the third quarter). The average price of a home on the Lake in 2012 was approximately $193,000. By 2021, that had risen to $349,000. In 2020—also an unprecedented year for real estate as the Lake of the Ozarks grew in prominence on the national stage—total real estate transactions topped $1 billion for the first time ever. In 2021, transactions had passed the $1 billion mark by the end of the third quarter.
It’s inarguable: real estate, for all sorts of reasons, is hot at the Lake. As people move here full-time, looking for the peaceful Lake life but also hoping to be not too far from civilization, one part of the Lake has drawn special interest: The North Shore. Situated between the Gravois Arm and Bagnell Dam along the north side of the Main Channel, the North Shore has largely been an overlooked real estate opportunity… until now.
“It’s a beautiful area and still has a lot of undeveloped land, which is lovely to have around in the Ozarks,” said C. Michael Elliott of C. Michael Elliott and Associates Real Estate. “You feel more removed, but it’s only a short drive to Lake Ozark.”