"Am I really misspelling Lakesters or is spell check just not know the word?"
You've struck on one of my objections to spell checkers in general. That is, you're at the mercy of the person(s) that wrote the spell-check program. If they didn't know how to spell the word -- or, as in this case, didn't know that the word existed -- then they're of no help to you. I understand that some spell-check programs "learn" -- you can tell the program that "Yes, this is a word, and this is how to spell it", and it'll know better from then on.
But for our purposes, be happy that Jonathon has the program installed for us. If nothing else it makes our copies of the posts we make look oh-so-pretty with all those words highlighted in yellow.