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16619 Arezo Court
Montverde, FL 34756
$5,990,000
Conventional
Property
Bedroom
6
Bathroom
11
Property Type
Conventional
Square ft
11049
Property Description
Under contract-accepting backup offers. Nestled in the upscale Bella Collina community, VILLA ESPERANZA is the embodiment of grandeur and sophistication. Winner of STREET OF DREAMS, this extraordinary estate invites immediate occupancy and promises delight for its discerning new owner. From almost every room in the house, you'll be captivated by panoramic views of the stunning pool and shimmering Lake Sienna. As you enter, you're greeted by a volume foyer accentuated by exquisite faux paintings and hand-laid marble mosaics. The Living Room features one of two impressive stone fireplaces, both encased with masterful stonework. The Dining Room boasts an arched ceiling adorned with intricate brick overlays. The heart of this Tuscan-style masterpiece is the Dream Kitchen. It's equipped with granite countertops, a professional-grade Wolf gas stove, two dishwashers, a Sub-Zero Pro 48 refrigerator, and a sprawling 20 sq-ft granite-topped island with its own Sub-Zero refrigerator. In the Family Room, a hidden built-in bookcase reveals a 50" LED TV. The first-floor Master Bedroom suite sprawls over 2,500 sq ft and includes a private sitting room with a wet bar featuring a Subzero refrigerator. A see-through fireplace encased in stone adds to the allure. From here, you can gaze out over the spa and Lake Sienna. The Master Bath is equally impressive with his and hers vanities, two separate dressing areas, an 8-head double shower system, and a spacious Jacuzzi tub with an elegant iron canopy. The second floor offers four luxurious Master Suites, a Vegas-style game room, and a full bar overlooking the state-of-the-art theater and the serene lake beyond. The well-appointed theater features a Home Cinema HDR10, 4K wireless projector, and top luxury upholstered seating. Wood-framed accordion doors enhance the theater's acoustic isolation. Overlooking the lake, you'll find a series of balconies, and below, a generously sized heated pool, terrace, spa, and a summer kitchen with a Wolf gas fireplace and hood for culinary enthusiasts. This mansion is equipped with cutting-edge home automation systems, featuring a comprehensive Crestron automation system, Lutron Lighting System, and iQualink for effortless control of the pool via your cell phone. Every detail, from the exquisite woodwork to the stunning stonework and opulent marble, has been executed with unsurpassed craftsmanship. The home is turnkey, boasting essential and luxurious features, tasteful furnishings, imported luxury curtains, beautiful art, and notable pieces like hand-painted Italian artwork gracing the second-floor walls and arches. This is not just a home; it's a masterpiece, a sanctuary, and an opportunity you won't want to miss.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
O6152627
Location
Address
16619 AREZO COURT
City
MONTVERDE
State
FL
Zip Code
34756
County
LAKE (SOUTH)
Listing
Provider
Lawhun Enterprises, LLC, original listing
Name
Lawhun Enterprises, LLC
Phone
(407) 207-2220
Office Name
FLORIDA REALTY INVESTMENTS
Office Phone
(407) 207-2220
Agent Name
Mohamed Mashhour

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HUD Foreclosures

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

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.