Ed:
I have fished this lake twice. Once in early April and later in Mid June.
Early April had very clear water and low water levels. Maybe about 15/20 feet below full stage. The June waters were a little murky and about up to full stage.
I saw few, if any homes that looked like they actually owned water frontage but I wasn't on large parts of the lake. Ocassionally you would see floating docks at the end of dirt roads. You MUST have a floating dock due to large diferentials in water levels.
It is a flood control lake and the Corps is in charge and will raise or lower the level when THEY see fit.
I was at a presentation by a DNR guy who said they are doing what they can to make this a premier walleye fishery and pretty much forgetting about the bass. Hundreds if not thousands of huge brush piles (easily found) provide good crappie habitat.
It is a fantastic fishery and offers a very wide range of structure and species. Also known as a great scuba lake due to great clarity.
THe only problem I have heard from a few people who retired in the area was there just wasn't much to do other than lake activities.
Good luck.