Bill Stone & Associates Real Estate

Snow Lake Real Estate Analysis

Photo Apr 05, 16 26 03The first settlers in the area that would one day become Snow Lake Shores were John M. Ferrell and his wife, who moved to a site west of present-day lake in 1839. One of their ten children, Emaline, married an Englishman – Joe Shone. They built a house two miles east of the Ferrell homestead that became known as Shone’s Pond.  The area around Shone’s Pond consisted mostly of marsh and cypress swamps. The names Shone’s Mill and Shone’s Mill Pond were sometimes applied to the area in its early years.

In 1947, New York Real Estate Developer Walter Utley moved to neighboring Holly Springs with plans to build a resort-style development in the area. Big Snow Creek with its three forks looked to be a good prospect. Around 1956, a partnership of three men – including Utley – organized to develop a residential subdivision that became known as Snow Lake Shores. In 1957, Big Snow Lake was created by building a dam on a local stream.  Snow Lake Shores was established in 1958 as a private, restricted resort community.  It was marketed as a safe, family-friendly place for people to both vacation and live year round. A volunteer fire department was created in 1974.

After 38 years of existence, Snow Lake Shores was incorporated as a town in 1996.  Incorporation meant that the town would be eligible to receive grants for paving roads and installing a new water system.  Eddie Koen was appointed as the first mayor of Snow Lake Shores along with five aldermen who served as the new town’s governing body until municipal elections were held in October 1996.

Although the permanent resident population of Snow Lake Shores stands at around 300, that figure can grow to over 900 during the summer months as seasonal residents and vacationers come to the community.  Known as the “Mid-South’s most affordable lake living”, Snow Lake Shores is popular for retirees as well as working professionals that work in Memphis or its eastern suburbs.  The Lake and environment has steadily improved over the years and there has been a significant appreciation in property values over the last 5-10 years.

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Barbara Salling and her husband, Joe, moved to Snow Lake Shores in 204 and immediately fell in love with the lake, the community and the serene environment.  Barbara joined Bill Stone and Associates (at the time, Gordon Stone Realty) as a sales agent in June of 2008 and quickly became the “go to” person for Snow Lake Real Estate.  Barbara uphold the highest of ethical standards and has developed a very loyal clientele.  Some of her clients have bought and sold property multiple times returning to Barbara for her expert guidance time and time again.  Barbara showcases Snow Lake listings exclusively on her website BarbaraSalling.com.

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Posted on March 26, 2014 at 5:51 pm by Bill Stone