In July, the annual average sales price for single-family homes along Lake Martin was around $1.3 million, up about 95% from about $668,000 during the same period in 2019
are key attractions for Alabama-based vacationers, said Steve Arnberg, vice president of real-estate sales and company broker at Russell Lands, which, among other things, is a major developer of Lake Martin property. Some of these visitors used to travel four to five hours to visit the Gulf of Mexico but now opt for the lake instead.Lake Martin was created by the Alabama Power Company in the 1920s to generate hydroelectric power.
Cobb's wife, Mary, died just before the house was completed last year. Cobb, 74, spends most summer weekends at the new home, and frequently visits in the winter, too. Even after about 25 years since his first visit,Stacy K. Allen for The Wall Street JournalStacy K. Allen for The Wall Street Journal
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