Are you looking for an Iowa vacation home?  Then look no further! First GMAC on Lake Ponderosa, Iowa has lakefront real estate for sale in a variety of price ranges.  Lake Ponderosa, Iowa is conveniently located in the center of the state just 10 miles south of Interstate 80 and is approximately one hour from Des Moines, Iowa City, Cedar Rapids, and Waterloo.

Lake Ponderosa, Iowa was built in 1964 from what was originally Moon Creek and is approximately 400 acres; the perfect size for fishing, skiing, and tubing.  Over 750 families own homes on the lake. Lake Ponderosa, Iowa is a completely private lake and only lot owners are allowed to bring boats onto the lake including ski boats, fishing boats, pontoons, and wave runners.  The Lake Ponderosa Association and Ponderosa Utilities Inc. stock the lake with a variety of fish.