Wallenpaupack Lake Estates vs Locust Lake vs Arrowhead Lake (real estate, foreclosures)

[ladymatey]

My family and I are looking to buy a vacation home in the Poconos. We toured a few houses in WLE and thought it was great though the properties were a little tight. We like the amenities though and that you can drive around in golfcarts. Haven't seen Arrowhead or Locust Lake yet, but wanted some advice about the areas. What are the pros and cons of these communities?

Thanks!

[DavidWebb]

Tons of information for this question that has been asked many times before about each of those developments separately....might help to read this also:

https://www.city-data.com/forum/nort...ents-nepa.html

[Wells5]

Contact a real estate agent who is familiar with the developments.

[fisheye]

Where do you live now and do you plan to travel frequently from your permanent home to your vacation home? If you are only going to vacation for a few weeks a year is it worth it?

Many of us want people to rent first or take a vacation in our area and take a good look. Many have bought on a whim and regret it later. Commutes can be long and hard. Some of the gated communities have high maintenance fees and some do not properly maintain their roads and properties. I am not questioning the ones you mentioned because I have no personal knowledge of what they do or don't do. I just worry about people that might buy sight unseen or are not really familiar with the problems they might face.

[okaydorothy]

I live in Wle full time after having it as a weekend home for 10 years. I do like it here, however do not like some of the silly rules and having to get a permit for everything,
It is a really nice place to have a weekend home, lots of activities for the kids and adults.

We have tons of bears at the moment,

[mathjak107]

i know nothing about either development.

there is a difference between someone saying thy are not depressed living some where mentally vs an area being economically depressed from a shortage of decent paying jobs and home prices that have fallen for almost a decade before rebounding recently .

home prices are the best indicator of an areas well being ....and declines while the rest of the country is rising is an indicator of a lot of things in that area that are not good .

unemployment pre corona was 70% higher then the rest of the countries average ...minumu wages were low and foreclosures especially in monroe were very very high.
again , this has nothing to do with anyone's personal anecdotal situation . .

[WindSurfer29]

I lived in WLE for awhile and liked it. There’s a lot to do. Many full timers do not stay in the winter and all do down to Florida. It’s a golf cart community. There are many that have houses for weekend use. Good luck!

[Marble cake]

Originally Posted by WindSurfer29

I lived in WLE for awhile and liked it. There’s a lot to do. Many full timers do not stay in the winter and all do down to Florida. It’s a golf cart community. There are many that have houses for weekend use. Good luck!

I used to live in WLE. It was a vacation home at first, but then when we retired, hubby and I moved there and we were snowbirds to Florida. I loved it there. Yes lots of rules, but any HOA has lots of rules. Its to keep the community beautiful. If you are not the type of person that likes that, I suggest not buying in a community with an HOA, anywhere.

We had our home for 16 years, and I always loved it. Unfortunately, hubby passed, and I had to sell my house. I just wanted to give a shout out for the community.

Good luck in whatever you choose.

[fisheye]

Originally Posted by Marble cake

I used to live in WLE. It was a vacation home at first, but then when we retired, hubby and I moved there and we were snowbirds to Florida. I loved it there. Yes lots of rules, but any HOA has lots of rules. Its to keep the community beautiful. If you are not the type of person that likes that, I suggest not buying in a community with an HOA, anywhere.

We had our home for 16 years, and I always loved it. Unfortunately, hubby passed, and I had to sell my house. I just wanted to give a shout out for the community.

Good luck in whatever you choose.

Sorry to hear about your hubby!

Thank you for posting because there is no one-size-fits-all when it comes to purchasing a house and living in a community. Different people have different needs and expectations. Some bring their problems with them or they overbuy. Taking on too much debt is a sure way to sour any real estate transaction. Many of us like to see potential buyers look over our area and, if possible, rent where they want to buy before they buy. Some people simply want to rely on the words of others and buy sight unseen.

Good luck to you!