USLakeFront Lake survey & intelligence

$470,000

3454 Anchor Bay Rd, Morgantown, WV 75506

Sample listing
3
Bedrooms
1
Bathrooms
1,550
Square feet
100 ft
Shoreline
$4,700
Per shoreline ft

Bluff lot with tram to the dock on Cheat Lake. Roughly 100 feet of owned shoreline on 2.98 acres, with 3 bedrooms across 1,550 square feet. Single-slip stationary. Water clarity on Cheat Lake averages around 10 feet and the lake is classified managed for water level. Dock and shoreline work fall under Eagle Creek Shoreline. This is a sample listing used to demonstrate the platform.

Features

Open floor planBoathouseIrrigation from lakeRiprap shorelineBoat liftLakeside deckWood stove

Property facts

Property typeHouse Year built1962 Lot size2.98 acres DockSingle-slip stationary Water depth at dock5 ft ExposureWest-facing ViewSunset Annual taxes$5,507 HOA$0/mo Short-term rentalPermitted Listed2026-08-05
$4,183
All-in monthly
$108,530
Cash to close
$13,000
Costs beyond the obvious

Up front

Down payment$94,000
Closing costs (est. 2.4%)$11,280
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$108,530

Every year

Principal & interest$29,716
Property taxes$5,507
Hazard insurance$1,974
Flood insurance$2,400
Utilities$2,400
Maintenance reserve (1.1%)$5,170
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$600
Total$50,197
Adjust these assumptions →
$4,700
This home / shoreline ft
$3,919
Lake average
$303
Per square foot
Above the lake average — this property prices at $4,700 per shoreline foot against a lake average near $3,919, a difference of 20%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year168 Gross revenue$103,911 Lodging tax−$11,430 Management−$18,496 Cleaning & supplies−$22,813 Net operating income$51,172 Against annual carry$975
Model your own →
5.7
Lake score
C
Water grade
8 ft
Drawdown
Level stabilityManaged Typical clarity10 ft Dock authorityEagle Creek Shoreline
Full Cheat Lake report →
Comparable

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