What Do You Think?

We're faced with another dilemma, well several actually....but we'll just leave it to this for now. Okay, so when Derek went down to Texas to look at the other house it obviously wasn't going to work for us. He took advantage of the time he had while he was there and looked at TONS of other homes. We narrowed it down, weighed our options and decided on one that fits us pretty good according to our main wants (which are good schools and safe area). We signed a contract and everything. It's another bank owned property, but in good overall condition so we wouldn't have to do a lot to it. The bank is taking their sweet time in getting everything finalized so it's not officially ours yet (but they accepted our offer and we signed all of the paper work and what not.) It's not our favorite, by any means, but we do like it.. A little bit about this house:
1. 2700 sq ft
2. 4 bedrooms, 2 1/2 baths, HUGE game room
3. big fenced in backyard
4. close to shopping
5. community is NOT gated, but seems to be safe
6. community has club house, pool, basketball courts, tennis courts
7. school is rated a 10/10 and is right down the road from the house
Here are some pics of this house:






Anyway, so in the mean time Derek has been looking at other homes. He came across this one which is on the lake. Before we even knew where we were going we were looking at homes on this lake because we knew we wanted to go to San Antonio and would like to live on the lake, but figured it could never happen because the prices were just too much for us. Well, this home is in our price range and just 6 grand more than what we are going to be paying on the other home. We plan on going to the lake a lot anyway....and it's only a 10 minute further drive to work for Derek than the other home.
Here's a little bit about this house:
1. 3200 sq ft
2. 4 bedrooms, 3 baths
3. no garage, but a carport
4. no fenced in yard, but it's an acre so no wonder
5. community is gated so we know it should be safe
6. schools are 8/10
7. community has clubhouse, pool and fitness center
8. community also has it's own drop in access for the lake (so we won't have to pay every time we go)
9. HOA is about $100 cheaper here too.
10. we'll be in the "country" which we like the idea of this, but it would also mean a further drive to all of the conveniences of shopping/groceries etc (about 15 min)
Here are some pics of this house:





For pics of the community, pool, clubhouse, lake etc you can go here to look: http://www.dancingbearranch.com/texas-hill-country-photo-gallery.php

Overall, I do like the lake house better but there are also perks to the other house as well. (being closer to everything is just convenient...but we do like seclusion as well) The biggest perk is just that we already have a contract in and do we trust our realtor to take good pics of this lake house and give us a good description of it. He's already failed us once with doing this. The bank that we signed our current contract with also is in charge of this lake house and so we've already talked with them about everything and they said we would probably lose our earnest money ($500) which we don't really think is fair since they haven't finished the paperwork yet or taken the home off of the market.
What do you think??