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19 Mallard Drive
Lloyd Harbor, NY 11743
$5,168,800
Conventional
Property
Bedroom
6
Bathroom
9
Property Type
Conventional
Square ft
10500
Property Description
19 Mallard Drive, also known as "Swans Cove," is a stunning western waterfront estate in Lloyd Harbor, New York. It boasts over 10,000 square feet of living space, including an 3,500 square foot finished lower level, and more than 2500 square feet of deck space, including a BBQ area, making it a luxurious and spacious home. The building is 45 feet above the water, situated on a hill. No flood insurance is required. The property is situated on a 2.78-acre lot with private beach access. A private boat dock and mooring is available at the Lloyd Harbor Village park Imagine relaxing on your private beach or cruising around Cold Spring Harbor and Oyster Bay in your boat. The home interior features dramatic 20-foot high ceilings in the entry foyer, a 700-square-foot formal living room w fireplace, a 270-square-foot formal dining room, and a gourmet chef's kitchen with fireplace and top-of-the-line professional-grade appliances and a breakfast area. There is a bedroom and bath nearby. The primary wing, where the Primary Suite is located on the main floor has a soaring ceiling and fireplace framed by huge windows that afford a light-flooded space with endless water views and nightly sunsets from its' own deck with luxurious bath. A lower-level office/library form a part of the primary suite. The Top Floor has Three en-suites Bedrooms & an office. An elevator goes down to the lower level/ entertainment and guest wing. It is comprised of a kitchenette and sitting room w/ fireplace, a movie theater and a large guest en-suite with tea-room that opens out to an enormous deck. All lower level rooms have dramatic waterviews The entertainment wing is facilitated by an award-winning enclosed sky-lit pool house, a steam shower, a sauna, and two restrooms, including one handicapped accessible restroom. The house has a total of three (3) fireplaces, nine (9) bathrooms, and six (6) en-suite bedrooms. With all these amenities, you'll always want to stay home! This luxurious estate was completely rebuilt in 2009, and it offers the perfect escape from the hustle and bustle of everyday life. Minutes away is the Caumsett State Park with the Marshall Field waterfront mansion, equestrian center, and hiking trails. Village Park offers a western sandy beach, summer day camp, kiddie play-land, 6 tennis courts, a dock & mooring. Active village police ensure safety in this aspirational oasis. You can enjoy the peace and serenity of country living while close to Lloyd Harbor's amenities and the convenience of Huntington Town and LIRR.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2009
MLS Number
3544042
Location
Address
19 Mallard Drive
City
Lloyd Harbor
State
NY
Zip Code
11743
County
SUFFOLK (NORTHWEST)
Listing
Provider
Signature Premier Properties, original listing
Name
Signature Premier Properties
Phone
(631) 673-3700
Office Name
Signature Premier Properties
Office Phone
(631) 692-4800
Agent Name
Kenneth Coleman

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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.

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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.