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7352 John Hancock Drive
Winter Garden, FL 34787
$2,600,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
5084
Property Description
Under contract-accepting backup offers. PRICED TO SELL!! Step into the lap of luxury with this stunning LAKEFRONT residence in the distinguished Overlook at Hamlin community. This meticulously crafted 5-bedroom, 4.5-bathroom home, spanning over 5,000 sq ft, is a showcase of exceptional upgrades and thoughtful design. Large wood beams throughout the downstairs create an atmosphere of sophistication. Solid core doors, reinforced walls for television hanging, and built-in internet cable outlets in many rooms underscore the commitment to quality. To add to the ambiance, the primary bedroom and the living room each feature an electric fireplace, adding warmth and elegance to these spaces contributing to the overall luxury of this exceptional residence. The home features a large rear balcony offering breathtaking views of rocket launches, Disney, and Epcot fireworks. Automatic blinds on all back and side-facing windows and doors, along with black plantation shutters on front-facing windows, provide both convenience and style. Two master suites, one upstairs and one downstairs, offer flexibility and convenience. The kitchen is a chef's dream with stacker cabinets, a large pantry, high-end MONOGRAM appliances, and a stainless farm sink. Additional touches include a touchless water faucet, filtered water faucet at the sink, and under-cabinet lighting. The garage is not just a place for cars; it's a well-appointed space with insulated garage doors, a black epoxy floor, and extra shelves and built-ins. A Tesla charger adds to the modern conveniences. The home boasts a spectacular view of Lake Hancock upon entry, with sliding living room doors leading to a spacious lanai. Enjoy Disney Magic Kingdom fireworks from the backyard, back patio, and upper balcony. The outdoor oasis features a large pool with a spa and two gas fire bowls. The top-end pool equipment from Pentair ensures a premium experience, and the fully screened enclosure with a high roof line provides an open and expansive feel. Upstairs, an impressive bar at the entry to the movie (cinema) room is attached to a game area, both connected to an outside balcony. The built-in refrigerator and sink add to the entertainment options. Bathrooms feature high-end European toilets, and the master bath includes a rain shower head combination. Custom shelving in many closets enhances organization, while the laundry room boasts built-in cabinets and an extra-large upgraded box for media. This residence is a testament to luxury living, where every detail has been carefully considered to create a home that not only meets but exceeds the highest standards of comfort and elegance.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2022
MLS Number
O6174304
Location
Address
7352 JOHN HANCOCK DRIVE
City
WINTER GARDEN
State
FL
Zip Code
34787
County
ORANGE (SOUTHWEST)
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
Patricia Zimath, LLC

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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.