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4233 Down Point Lane
Windermere, FL 34786
$4,750,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
6478
Property Description
Stunning LAKEFRONT estate on LAKE DOWN connected to the BUTLER CHAIN OF LAKES! Welcome to the cozy, quaint subdivision of Sunset Bay, all unique custom-built homes, located directly across the street from Isleworth Golf & Country Club affording you the conveniences of private golf membership opportunities nearby while residing in a community with NO HOA. This nearly 6,500 SF, 6 BR, 6.5 Bath, 3-Car Garage, private pool & spa, 2-story home, private ELEVATOR, separate GUEST APARTMENT, built in 1999, is situated at the end of a cul-de-sac on .60 acres. Appreciate the curb appeal as you drive up to see not only lush, beautiful landscaping but also a private gate to your expansive driveway. Prepare to be wowed as you walk inside the front door, experiencing panoramic, gorgeous water views of Lake Down amidst your own private dock with a boat lift, jet ski lift, covered and uncovered seating areas for fun and entertaining. The first level of this estate home was completely renovated in 2021 and includes an incredible gourmet kitchen with double islands with seating, soft close doors & drawers, thickened edge quartz counters, Jenn Air appliances including a Natural Gas Range, Double Refrigerator,, Separate Freezer, Bosch Dishwasher, U-Line ice maker, hidden appliance cabinets for dry bar and coffee bar and so much more….all overlooking both the family room and stunning water views of the pool & lake. Nearly every room in the home enjoys incredible views. The first level also includes the formal living & dining rooms, inside utility room, hidden office area, dedicated office connecting to the oversized Master Suite, with his & her walk-in closets and Master Bath with jetted garden tub, dual sinks and walk-in shower. With it’s separate entrance on the first level, the GUEST SUITE has a living room, full kitchen, full bath with walk-in shower and enjoys lake views and private access to the pool/lanai area. To go to the second level, take the elevator or take the modern, steel & wood staircase which is an incredible architectural feature of this home. Upstairs you have 4 Bedrooms, one being a second Master, all en-suites with two sharing a balcony overlooking the lake and the other two enjoying lake views from the front beyond the homes across the street. Also, you will enjoy an enormous game room with theater seating, pool table area and wet bar with sink and refrigerator. With 191 feet of water frontage, a fenced backyard and concrete seawall, there is no shortage of water activities for your family and friends to enjoy. Come see this incredible, lakefront estate that is premierly located in the heart of Windermere, near Dr. Phillip’s Restaurant Row, close to the Millenia Mall and within 15 minutes of Disney, Universal and all of the local theme parks. Don’t miss out on this opportunity!
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
1999
MLS Number
O6188162
Location
Address
4233 DOWN POINT LANE
City
WINDERMERE
State
FL
Zip Code
34786
County
ORANGE (SOUTHWEST)
Listing
Provider
ARMEL REAL ESTATE, INC., original listing
Name
ARMEL REAL ESTATE, INC.
Phone
(407) 509-3812
Office Name
ARMEL REAL ESTATE INC
Office Phone
(407) 509-3812
Agent Name
Deanna Armel

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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.