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Get a septic inspection and know what you're getting into. Think I paid a couple hundred bucks last time for inspection.
Subject Expert
Did the seller get quotes? Something like that near a lake could have significant code/environmental issues and may not be fixable. I would talk to an expert as the worst case scenario could be a lot of money or restriction on the use of the property.
Get it properly inspected! Found issues with septic after waiving a septic-specific inspection, bank would not let us close due to it being a liveability issue. Had to replace the whole thing.
As mentioned above get an inspection, better to be safe than sorry.