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11209 Dead River Road
Tavares, FL 32778
$1,350,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2224
Property Description
This is one of the most unique, stunning properties in Lake County. Rarely does a property like this come on the market. The property is surrounded by beautiful cypress trees, water oak, and palm trees. It is a peninsula, surrounded on three sides by water and unobstructed panoramic water views. There is a lit gate entrance that can be closed for complete privacy. This is a 3 bedroom, two- and one-half bathroom home. There is over 900'of water frontage on Lake Harris on the Chain of Lakes with parking for a seaplane in a cove, with the Dead River on the north side and a canal in the back. There are two boat houses on the Lake Harris Waterfront side, that have two boat lifts with water supply and electricity. The property is large enough to keep all your toys and boat trailer on the property. Sit out on the front porch and see all the bass boating tournaments and local events. In the evenings, just sit out and enjoy the sunsets. The pool by the porch to cool off in those hot summer days. Also, it is heated by solar panels for those early spring days and late fall times. The home has plenty of light to make your days enjoyable. The kitchen has a large center granite island, a gas stove top, prep sink and a wood burning stove. There is a lanai off the kitchen where you can enjoy dinner while watching the boats going down the river. The kitchen is open to the Family room with custom stained-glass windows, gas fireplace, vaulted ceilings with wood beams and French doors that open to a screened porch. The primary bedroom and second bedroom both have en suites. The garage has room for your cars, RV or a smaller boat inside with an upstairs loft with a view of Lake Harris. Out behind the garage is additional storage. The A/C is two years old, the pool pump is one year old and the washer and dryer are two years old. If you love boating, this is the place to be. Permit in process to have a new reroof with Eustis Roofing.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1962
MLS Number
O6173746
Location
Address
11209 DEAD RIVER ROAD
City
TAVARES
State
FL
Zip Code
32778
County
LAKE (NORTH)
Listing
Provider
Sonne Real Estate, Inc., original listing
Name
Sonne Real Estate, Inc.
Phone
(135) 251-6315
Office Name
SONNE REAL ESTATE INC
Office Phone
(352) 516-3150
Agent Name
Cheryl Christ

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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.