Q:

What is the average price of an acre of real estate near Lake Tenkiller?

A:

Quick Answer

The average price of an acre of real estate within 1 mile of Lake Tenkiller is approximately $40,000 per acre, with land available for less than $10,000 per acre a short distance away. Available land ranges in size from 0.15 acres to 20 acres, as of 2015.

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Full Answer

Generally, land close to the lake is sold in parcels of less than 1 acre. Tenkiller Ferry Lake is a water reservoir located in eastern Oklahoma 75 miles southeast of Tulsa. The dam containing Lake Tenkiller was finished in 1952, and the lake covers 12,900 acres with 130 miles of shoreline. The average home values near Lake Tenkiller have risen 10 percent between 2012 and 2015.

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