Things to Consider When Choosing a Lake for Retirement

As we’ve said before, there are countless benefits to retiring on the lake. We won’t rehash that. But how do you know which lake to pick? Last year’s list of best retirement lakes is an excellent place to start, but there’s more to the puzzle. It’s not about specific lake areas, but rather criteria that’s important to you. To simplify the process, we’ve compiled five factors that many retirees find essential in a lake for retirement. We hope this helps your search process!

Peaceful Lifestyle

Photo courtesy of Getty Images via wealthmanagement.com.

After 40 plus years of working, you’re no stranger to stress, but retirement should minimize your stress. The lake lifestyle is all about a slower pace, enjoying the outdoors, and stopping to smell the roses. For Lake of the Ozarks retiree Ray Bixler, the sense of lakeside peace is crucial in choosing a lake for retirement. Growing up on the lake, he told Boatus.com, “I left the lake several times, boating on the Mississippi, then the Florida Keys, but as I approached 60, I knew where my heart wanted me to be.” This sense of serenity is even backed by science — studies suggest that even 20-30 minutes outdoors reduces cortisol levels. Especially as an older adult, protecting your mental health and lowering your stress levels is paramount to good overall health. 

Affordability

Photo courtesy of kiplinger.com.

It’s important to financially prepare for retirement. By being frugal and preparing for future expenses, you can maximize your retirement lifestyle. For instance, many retirees choose states like Tennessee or Texas with no state income tax to save money on their home. Instead, they may spend that money on retirement experiences like traveling or adopting new hobbies. If you’re adventurous, you may take after Joe and Karen Stermitz who sold their house to travel the world and pursue an affordable, exciting retirement. Retirement should be as stress-free as possible, and picking a lake home that won’t drain your savings will reduce your worries. Check out these affordable lake areas to start.

Access to Healthcare

Photo courtesy of Julia Kuo via The New York Times.

Access to good-quality healthcare is a concern for all retirees, but especially those living in rural areas. If you’re retiring on the lake, it’s essential to plan for potential health concerns. Dave Morse, a resident of Tellico Lake, enjoys owning a rural lake home close to the urban Knoxville, Tennessee. When he had cancer four years ago, he received high-quality treatment at the University of Tennessee Cancer Institute while maintaining his lake lifestyle. As for emergency services, it’s necessary for those who live on the lake to plan ahead. To prepare for events that require a fast response like cardiac arrests, Dr. Charlotte Yeh told the New York Times that those planning to retire in a remote location, like a lake home, should take first aid and CPR classes. 

Enjoyable Climate

Before retirement, you probably spent more time indoors than outdoors. Now that you’ve got time to enjoy your backyard, choose a destination where the climate is appealing. It’s all up to your personal preference. Some retirees love looking out on a frozen pond, watching the snow falling outside. Others feel the opposite. Paulette and Herve Chassin, retirees and residents of Lake Keowee, love that the local climate allows them to pursue their love of sailing. Considering that AARP’s list of best sunny places to retire includes Asheville NC, Sarasota FL, and San Diego, CA, the Chassins are not alone in seeking a warm-weather lake for retirement! 

Nearby Community

Photo courtesy of Twin Lakes Community.

According to the National Poll on Healthy Aging, loneliness is prevalent among older adults. Although lake homes are great for privacy and natural beauty, they can add to this isolation. To remedy this, look for a retirement lake with social opportunities. “We have made numerous friends while here, as there are many entertainment options from spectacular downtown Greenville to the Brooks Center at Clemson University,” the Chassins say of their community. For a built-in social group, you can select a lake home in a retirement community like Tellico Village on Tellico Lake or White Bluff Resort on Lake Whitney. These two neighborhoods have plenty of social groups for retired residents, making them feel right at home. 

Covering over 3,000 in the United States, LakeHomes.com makes finding your lake for retirement easy! 

2019 Best Retirement Lakes

retired couple toasting on the dock on one of America's best retirement lakes

The “golden years” of retirement are often characterized by leisure activities like golfing, fishing and gardening; spending time with family, and enjoying the little things in life like sunsets and relaxing in a hammock. 

Now think about what it would be like to live on a lake. All the same leisure activities come to mind, right? Lake homeowners enjoy all those activities along with natural beauty, boating and fishing, and special time with their children and grandchildren. Lake living and retirement go hand-in-hand.

LakeHomes.com covers more than 3,000 lakes across the country, ranging from small community lakes to the Great Lakes. Each lake has its own personality and lifestyle. Knowing where to start your search for the perfect retirement lake can be intimidating, so we created this guide to assist in the decision making process.

Using the 2019 SmartAsset Best Places to Retire and cross referencing our own Lake Real Estate Market Report, we devised the list criteria. To determine the winners of the 2019 Best Retirement Lake Award, the LakeHomes.com media team analyzed dozens of lake real estate markets across the United States.
In order to be eligible for award consideration, markets had to have a minimum total market listing value of $10 million as of Feb. 1, 2019.

Welcome to our inaugural list of the Best Retirement Lakes in America!

Lake Granbury, Texas

Lake Granbury, Texas, one of America's best retirement lakes
Photo courtesy of Chazim via Reddit.

Located within the town of Granbury, Texas, Lake Granbury is a 2019 Best Retirement Lake.

This Texas treasure is located less than an hour from the Dallas-Fort Worth metro, making the lake perfectly placed. It’s far enough away to escape the stressors of city life, but close enough for weekend adventuring.
Lake Granbury is primarily known for its striped bass fishing, numerous house-boats and the award-winning Inn on Lake Granbury.

Nationally, the area surrounding Lake Granbury ranks 63rd among the country’s best overall places to retire in 2019 and offers residents a charming boutique shopping experience, a retro drive-in theater, and the historic Granbury Opera House, constructed in the late 1880s.

Lake Hickory, North Carolina

Photo courtesy of City-Data.

Lake Hickory covers more than 4,200 acres in Alexander, Burke, Caldwell, and Catawba counties in North Carolina.

A real retiree jewel, Lake Hickory’s namesake, the town of Hickory, was named among the Top 10 least expensive retirement towns in the U.S. and the Top 20 safest towns in America in 2018.

The lake and surrounding community offer residents a variety of golf courses along its more than 100 miles of shoreline. Boating and fishing are popular activities. There are numerous wineries and vineyards to frequent throughout the year for the wine enthusiast.

In the Lake Hickory area, there are multiple historical centers and more than a dozen parks and nature trails. The lake’s abundance of recreational opportunities, along with its convenient distance to Charlotte, Asheville, and Winston-Salem, makes Lake Hickory an ideal place for one’s golden years of retirement.

Lake Lanier, Georgia

Lake Lanier, Georgia
Photo courtesy of Atlanta Magazine.

Lake Lanier is abuzz with tourists along its southern shores. The lake’s northern end offers residents a peaceful reprieve and a small-town environment along the rolling foothills of the Blue Ridge Mountains.

This retirement lake features numerous Robert Trent Jones and Arnold Palmer-designed golf courses, day spas, southern-inspired cuisine, and an equestrian center at Lake Lanier Islands.

Lake Lanier’s natural attractions include picturesque waterfalls, hiking trails with a robust fishing and boating scene. There are 45 parks and recreation centers in the area around the lake, providing value for retirees regardless of where they are on the adventure and activities spectrum. Lake Lanier boasts a blissfully blended lake life lifestyle for retirees and their families.

Lake Lanier’s natural attractions include picturesque waterfalls, hiking trails, a healthy fishing and boating scene, and 45 parks and recreation centers.

With something for retirees on both ends of the adventure and activities spectrum, Lake Lanier boasts a blissfully blended lake life lifestyle.

Lake Guntersville, Alabama

Lake Guntersville, Alabama
Photo courtesy of The City of Guntersville, Alabama.

As if painted into the alluring backdrop of the Appalachian Mountains, Lake Guntersville is recognized as one of the most scenic lakes in America and was recently recognized by Bassmaster magazine in the top 10 lakes on their list of 100 Best Bass Lakes.

This picturesque retirement paradise is located within the 6,000-acre Lake Guntersville State Park, home of the Eagle’s Nest Golf Course – an 18-hole premier course renovated and redesigned in collaboration with pro golfer Jerry Pate.

This Alabama lake offers nearly 40 miles of hiking trails, best-in-class fishing, sailing clubs and is part of the North Alabama Birding Trail.

Situated about 30 miles south of Huntsville, Lake Guntersville is the ideal place to enjoy modern conveniences alongside the relaxing qualities of retirement lake living.

Lake Keowee, South Carolina

Lake Keowee, South Carolina
Photo courtesy of Luxury Portfolio International.

Lake Keowee is known as one of the safest and cleanest lakes in the country, and as one of the best boating lakes in the Palmetto State.

The area surrounding this spectacular lake boasts moderate temperatures year-round. It’s an ideal climate for teeing-off at any one of the multiple Jack Nicklaus-designed golf courses located around Lake Keowee.

The lake also offers residents a quaint collection of antique and vintage shops, beautiful waterfalls and an abundance of lakeside casual dining restaurants.

This retirement gem is conveniently located less than 10 miles from the Clemson University campus and roughly an hour’s drive from Greenville, making Lake Keowee a quiet retirement haven hidden amongst the excitement of South Carolina’s “Golden Corner.”

Tellico Lake, Tennessee

Tellico Lake, Tennessee, one of America's best retirement lakes
Photo courtesy of Marty Loveday.

Located in Tennessee, Tellico Lake is the epitome of a retirement paradise. It checks all the boxes for retirees regardless of what they are seeking.

In addition to its renowned retirement communities, Tellico Lake is also famous for its year-round activities like boating, fishing, and skiing in the summer, and hiking, golfing and fine dining in the off-season

The lake is conveniently located just minutes from the No. 1 retirement town in Tennessee, Loudoun, and is 45 minutes from Knoxville.

Tellico Lake’s proximity to urban centers and the lake’s active adult-friendly communities make it the perfect place to enjoy all the serenity and charm of lake living without being too far from modern conveniences.

Lake of the Woods, Virginia

Lake of the Woods, Virginia, one of America's best retirement lakes
Photo courtesy of Greg Cromer.

The Lake of the Woods area is perfect for spending one’s golden years of retirement. The 2019 Best Retirement Lake designation goes to this community for its not one, but two lakes.

Spanning 2,600 acres, the lake of the Woods master-planned lake paradise offers residents exclusive access to its on-site equestrian center, 18-hole PGA golf course, tennis courts, and two outdoor pools.

The community also invites its retirees to enjoy lying on the beaches of Lake of the Woods’ 500-acre Main Lake. Here, residents can sunbathe, sail, fish or waterski. The lake is located roughly 20 miles from historic Fredericksburg.

Keaton Lake, the smaller of the community’s water bodies, is perfect for non-gas-powered boating activities like swimming, kayaking, and canoeing.

2019 Best Retirement Lake Award Methodology

Referencing the 2019 SmartAsset Best Places to Retire list for each state, eligible markets were cross-referenced using LakeHomes.com search features to identify those markets located within a 10-mile radius of any town/city named by Smart Asset’s Best list.

These towns were determined by SmartAsset using information about accessibility to healthcare facilities, and the portion of the population that were senior citizens (age was not specified according to Smart Asset’s methodology.) Additionally, each area’s cost of living and tax burden were taken into consideration.

Lake real estate markets determined to be located within a 10-mile radius* of the SmartAsset-named towns were then analyzed for how the average home price in each market compared to the state’s average home price for lake properties.

Proximity to the nearest metro, as named by Google Analytics, and the number of lake-focused retirement communities in each market were also deciding factors in choosing the 2019 Best Retirement Lake Award winners.

Each category was weighted differently, with the number of lake-focused retirement communities weighted more substantially, followed by proximity to the nearest major metro and average home price compared to the state’s average home price for lake properties.

Lake Living and Retirement

Most people do not have a clue what to expect when they retire. They work most of their lives and then, well, there’s nothing to do. That isn’t necessarily the case. You must first prepare yourself mentally for retirement.

It is important to stay busy and take the time to do what you love the most, no matter what that is. Retirement is the time to do the things you simply did not have time for when you were working. It is time to get mentally prepared and enjoy life!

Stay Active

staying active during retirementNow is not the time to get lazy, stay active! Get outside and do what you love to do. Some people spend more time on the lake while others work on their golf game. Now is the time to really dive into the things you love doing most.

But the most important thing to do is keep moving. Studies have shown that people who stay active during retirement live longer and healthier lives. Don’t be a couch potato, get out there!

Volunteer or Get a Part-time Job

A lot of people find it hard to not be working. This is understandable because most people spend a very large chunk of their lives working. If you are one of these types of people, you are in luck. Many retirees take up volunteer work.

Depending on what you did for a living previously, you may be able to put those professional skills to work for a local charity. You could volunteer at a homeless shelter or an animal rescue center. These organizations are almost always looking for people to help out and it can be very rewarding.

If you are looking for extra spending cash and just can’t get out of the habit of working, you can always get a part-time job. Maybe you have always wanted to work at a library or a coffee shop, there is no time like retirement to discover something else that you might love.

Hobbies

readingOkay, you don’t have to be on the go. Some hobbies don’t require a whole lot of physical activity, but will help prepare you on a mental level. Hobbies such as reading, writing, knitting, painting, fishing, and a number of others are all things you can do from home or in a group setting.

Check your local libraries and see if there is a reading group you can join or even a group of knitters to work with.

Retirement Should Be A Blast

Retirement can be so much fun, but most people are not mentally prepared for it. Staying active and doing what you love can help you in living a long and happy life. Set goals for yourself and do some things you have never had the opportunity to do before. There is no time like the present!