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24500 Kayakers Path
Millsboro, DE 19966
$2,544,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
7261
Property Description
PRICE IMPROVEMENT, DOUBLE LOT (Second Lot is Vacant and Buildable) VERY RARE! Welcome to 24500 Kayakers Path! This stunning 5-bedroom, 8-bathroom home is now available for sale. With its impressive features and unbeatable location, this property offers the perfect blend of luxury and convenience. As you near the home you will notice that it sits on a larger lot than many others in the community. That's because the home sits on two lots totaling .40 acres in the cul de sac. No disappointment there! As you step inside, you'll immediately notice the attention to detail and high-quality finishes throughout. The coffered ceilings add an elegant touch to the living spaces, creating a sense of grandeur. The two-story foyer creates an impressive entrance that sets the tone for the rest of the home. This home is truly designed for comfort and convenience. With laundry facilities on all three levels, you'll never have to worry about lugging your laundry up and down the stairs. Multiple fireplaces create a cozy ambiance during colder months, perfect for relaxing evenings with loved ones. The Italian brick style kitchen is a chef's dream, offering ample space for meal preparation and entertaining guests. Imagine cooking your favorite dishes while enjoying views from the second story balcony. Speaking of views, this property also boasts stunning pond and Indian River Bay views that will take your breath away. Convenience is taken to another level with the inclusion of an elevator, making every floor easily accessible for everyone in the household. Exquisite chandeliers add a touch of sophistication to the already luxurious atmosphere. Entertainment options abound in this home. The lower level features a wet bar and a second kitchen, perfect for hosting parties or accommodating guests. A theater room allows you to enjoy movie nights in the comfort of your own home. Additionally, there is a nanny's office, hobby room, and game room that can be customized to suit your needs. The primary bedroom is a true retreat, complete with a large sitting room where you can unwind after a long day. The two-story foyer creates an impressive entrance that sets the tone for the rest of the home. Outdoor living is equally enticing at 24500 Kayakers Path. Relax in the hot tub or gather around the stone fire pit for cozy evenings outdoors. The community amenities are also exceptional, with a pool both indoors and outdoors, a fitness center, mini golf, playground, community gardens, and even a nature center with a walk to the bay and private peninsula beach. With its spacious layout, luxurious features, and incredible amenities, this property offers an unparalleled living experience. Don't miss out on the opportunity to make this house your dream home. Schedule a showing today and prepare to be amazed by all that this dream home has to offer!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2011
MLS Number
DESU2054790
Location
Address
24500 KAYAKERS PATH
City
MILLSBORO
State
DE
Zip Code
19966
County
SUSSEX
Listing
Provider
Name
L3D LLC
Phone
(302) 677-0020
Office Name
Keller Williams Realty Central-Delaware
Office Phone
(302) 677-0020
Agent Name
Brock Rogers

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.