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5407 Yachtsman Lane
Gainesville, GA 30504
$2,250,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
5970
Property Description
Build Just Completed!! Located on Southlake’s Luxury Bay Pointe neighborhood, this new construction lakefront home is lake living at its finest. A combination of craftsman style with modern accents, this 5 bedroom/4 bath/3 half baths home has it all! The courtyard entry creates a “welcome home” feel with a 3-car garage and stone front porch with slate floor and columns. The exterior is complete with stone, board and batten, brick and shake. The modern iron double doors lead into an open concept floor plan with lake views throughout the home. The kitchen is the “heart” of the home and is complete with Viking SS appliances, herringbone tile backsplash, gas range, pot filler and open shelves. The T-shaped bar is the perfect place to gather and entertain guests. Use the second kitchen with full size refrigerator and cabinetry to “prep” for parties or meals. Step outside onto the Trex decking screened in back porch with tongue and groove ceiling and separate grilling deck that overlook beautiful Lake Lanier. The gorgeous sunsets at Bay Pointe are the best on the lake! The boat slip A-6 at the community marina has water and power, is the largest in size, has room for a lift and extra room for lake toys and dock box. The primary owner’s suite with panel feature wall overlooks the lake. The “spa” bath is marble with gold accents and has separate vanities along with a custom closet. The home office, dining room, great room with fireplace and bookcases, 2 powder rooms and laundry room complete the main floor that has onsite white oak five-inch floors. Upstairs, you will find 2 en’suites and a bonus room with skylights, perfect for workout or bunk room. A cozy soundproof home theater is set up for a TV or projector for those Netflix and movie nights and has automatic remote control darkening shades. The terrace level is a fantastic entertainment zone! Complete with game room, den/fireplace, custom bar with cabinetry and antique mirror, dishwasher, sink, wine chiller, wine rack and fridge. A half bath, 2 bedrooms, full bath, and plenty of storage complete the terrace level. The double doors lead out to a dry below patio with hot tub hookup, a firepit on pavers for evening fun, and just steps to the shoreline with rip-rap to paddleboard and fish. Custom closets, surround sound, cool remote shades, central vacuum and heated bathroom floors are the features that make this luxury home “extra special”. The 3-car garage with extended central bay for large SUV or truck and pull-down hidden storage door helps keep the garage tidy. Ring security system and cameras surround the home and provide peace of mind. Custom landscaping with irrigation zones and high-end lighting completes the refined look. Take the golf cart path next to the house down to the marina to hop on the boat for a day of fun or an evening cruise. Close to Port Royale’s Pelican Pete’s, Aqualand’s Pigtales and Twisted Orr for food and live music. Truly Luxury Lake Living!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
7367739
Location
Address
5407 Yachtsman Lane
City
Gainesville
State
GA
Zip Code
30504
County
HALL
Listing
Provider
Community Partners LLC dba Keller Williams Realty, original listing
Name
Community Partners LLC dba Keller Williams Realty
Phone
(678) 341-7409
Office Name
Keller Williams Realty Community Partners
Office Phone
(678) 341-7400
Agent Name
Jennifer Anderson

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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.