Lake Wallenpaupack Real Estate – Holds Its Value!
Due to strong population growth, tourism driven commercial growth has generated millions of dollars in business investment and high demand for its unbelievable water views.
This graph predicts a continuing trend in average selling prices in Pennsylvania, growth on an already strong recovery from 2012 and the highs of 2007.
While the average price for a house sold in Pennsylvania in December 2014 was $154K in Pike and Wayne Counties, the average listing price was $223,898 and the average selling price was $240,000.
Lake Wallenpaupack Real Estate in NEPA Valley
Lake Wallenpaupack is located in Northeastern Pennsylvania (NEPA), in Wayne and Pike Counties. Partially located in the area known as the Pocono Mountains, Lake Wallenpaupack is within vacationing distance of millions of residents of the Mid-Atlantic States. Philadelphia, New York, Trenton, and Scranton are all within 100 miles driving distance.
Lake Wallenpaupack Activities:
- Used extensively for swimming, fishing, boating, and snowmobiling
- The lake has a surface area of 5,760 acres
- Approximately 52 miles of shoreline split evenly between Wayne and Pike counties
- It is one of the few lakes in the Poconos large enough to allow water-skiing
- Offering six recreation areas featuring forestland, campsites, and walking trails
The lake fish found includes the rock bass, smallmouth bass, largemouth bass, walleye, bluegill, northern pike, muskellunge, lake trout, brown trout, rainbow trout, pickerel, yellow perch and catfish.
The lake was built by the Pennsylvania Power and Light Company in 1926 for hydroelectric purposes and flood control. However, it is now a popular major recreational spot found in the Poconos. It is situated not too far from Milford, PA offering pleanty of antique shopping.
Lenape Indians Named it Lake Wallenpaupack
The Lenape Indians named it Lake Wallenpaupack “The Stream of Swift and Slow Water”. The land was later owned by William Penn who deeded it to his son who passed it onto to James Wilson, one of the Declaration of Independence signatories. The lake was initially planned to be a safe drinking water reservoir, although this plan was never used for this purpose.
Lake Wallenpaupack was featured as a great location for the setting of Ruth Chew’s Baked Beans for Breakfast book. Oprah’s Autobiography also featured Lake Wallenpaupack in “Somehow I Manage”.