I grew up on Cow, it's a larger island and so there are more places to potentially choose from. As other have noted some of the older places were built by the original owners before there was a lot of code enforcement so take a really good look around. We saw some pretty interesting electrical / plumbing and framing methods in our search so keep a good eye out.
As far as your little ones are concerned, I was 6 when my parents bought their land and started building and our kids were 2 and 4 when we started. I know I wouldn't be the same person if I hadn't had the summer time at the lake and my kids have had the lake for their entire lives. The disconnect from everyday life makes the islands special. We spend a lot of time with our neighbors, someone is always walking back and forth along the shore checking in, helping out with repairs, having others for dinner / drinks and so on. It's a really special place to be. I hope you and your family find a special place of your own!
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" Any day with a boat ride in it is a good day"
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