Investment in real estate with water rights

[Peter J.]

Hi Fellow BP members,

Has anyone had success investing in real estate that allotted for the private ownership of a pond/ body of water? From what I've read about riparian rights on the East Coast, one would be rather limited in their access and use of the water that was allotted to their property.

For those that have successfully invested in real estate/ lots containing private water, what was your approach? Was there a successful resource or tool used outside of a general broker in a specific locale?