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5550 Osprey Isle Lane
Orlando, FL 32819
$5,999,500
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
6730
Property Description
Experience the essence of luxury in this Magnificent French Country Lakefront Mansion, recently reimagined through a multi-million dollar renovation, setting a new benchmark for opulence. Nestled on the world-renowned Butler Chain of Lakes within the guard-gated private enclave of Isle of Osprey, this stunning property promises an unmatched standard of living. The residence boasts 5 spacious bedrooms and 5.5 bathrooms, sprawled across an over 1-acre lot with uninterrupted, breathtaking views of Lake Chase. Discover transitional luxury manifested through features such as 9' hand-forged Cantera front doors, premium stone and herringbone oak wood floors, custom 2-step crown and millwork, elegant double tray ceilings, and delightful hand-painted accents. Indulge in a gourmet experience in the brand-new kitchen, equipped with 42" Maple cabinets, polished quartzite countertops, custom island containing an additional viking dishwasher, and a concealed walk-in pantry. This culinary space is now outfitted with top-of-the-line appliances from renowned brands such as Miele, Viking & Sub-Zero. Wine connoisseurs will appreciate the refurbished 500 bottle wine cellar, crafted with authentic Chicago Brick and featuring a recessed floor with a drain, ideal for winemaking. Enjoy the innovative design of wall-to-wall corner sliders that integrate outdoor living into the family room and kitchen, promoting a seamless flow of space. The Master Suite is a tranquil haven that offers dazzling lake views, a serene sitting room, and a luxurious custom master bath equipped with an oversize tub, dual vanities, a generous walk-in shower, and a spacious walk in custom closet. The expansive lower level hosts formal living and dining rooms, 2 cozy fireplaces, and a master guest suite, providing its own private courtyard entrance for utmost privacy. The upper level features 3 en-suite bedrooms, each opening to a balcony. A state-of-the-art theater room now comes with a 100” screen, tiered seating, sound panels, and a convenient kitchenette. Step outside into the revitalized living area, complete with a full summer kitchen, a teak ceiling, a TV cabinet, a fireplace, and a heated spa and pool. Adding to the leisure options, the game lounge showcases a full bar area, wood floors, exquisite wainscoting, and a rich wood ceiling. Experience the tranquility of lakefront living, while being just minutes away from Sand Lake's Restaurant row. This mansion perfectly marries grandeur and comfort, promising a lavish lifestyle unlike any other.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
O6115072
Location
Address
5550 OSPREY ISLE LANE
City
ORLANDO
State
FL
Zip Code
32819
County
ORANGE (ORLANDO)
Listing
Provider
Charles Rutenberg Realty Orlando LLC, original listing
Name
Charles Rutenberg Realty Orlando LLC
Phone
(407) 622-2122
Office Name
CHARLES RUTENBERG REALTY ORLANDO
Office Phone
(407) 622-2122
Agent Name
Ashley Martinez

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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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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.