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1364 Water Willow Dr
Groveland, FL 34736
$484,900
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2427
Property Description
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to this expansive residence featuring an in-law suite, encompassing 4 bedrooms, an additional office, 3 bathrooms, and a 3-car garage. Nestled within the intimate community of Lake Douglas Preserved, this home exudes charm from the moment you step onto the front yard. The residence boasts 9’4” high ceilings adorned with crown molding in key areas, including the kitchen, dining room, great room, office, and master bedroom. The interior showcases tiled flooring throughout, excluding the bedrooms. Noteworthy features include a formal dining room and a generously-sized screened-in covered patio/lanai. The gourmet kitchen is equipped with double ovens, microwave, 42” cabinets, crowned with molding, a spacious island, granite countertops, pendant light prewires, and a convenient nook. The master bedroom offers a tray ceiling, while the master bath indulges with a frameless shower, double sinks featuring granite countertops, a garden bath, and an expansive walk-in closet. Strategically positioned along Hwy 50 and adjacent to the upcoming South Lake Regional Park, spanning 141 acres, this home offers proximity to a myriad of recreational amenities. The park will include eight softball fields, four youth and two adult baseball fields, multi-purpose fields, cricket fields, restroom and concession buildings, playgrounds, pavilions, and various sports courts. Notably, it boasts a boardwalk, nature trails, a canoe launch, fishing pier off Lake Douglas, and a dog park, with a completion value of 20 million dollars. Lake Douglas Preserved is centrally located, only 7 minutes from downtown Groveland and Lake David, where residents can partake in farmers markets, fishing, water park activities, car shows, live music, food trucks, diverse dining options, and shopping. Additionally, it is a brief 6-minute drive from the historic downtown Clermont, known for its various activities, restaurants, bars, water park, lake beach, piers for fishing, cabanas, boat ramp, and barbecue facilities. Conveniently situated less than a minute from Hwy 50, 7 minutes from US 27, and only 16 minutes from the Florida Turnpike, this residence ensures accessibility to major transportation routes. Moreover, it is a mere 10-minute drive from South Lake Hospital, offering proximity to restaurants, grocery shopping, retail stores, a movie theater, doctor offices, and other essential amenities. Don't miss the opportunity to experience this remarkable home – call now to schedule a showing before this beauty is off the market!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2017
MLS Number
G5071031
Location
Address
1364 WATER WILLOW DR
City
GROVELAND
State
FL
Zip Code
34736
County
LAKE (SOUTH)
Listing
Provider
Olympus Executive Realty INC., original listing
Name
Olympus Executive Realty INC.
Phone
(727) 424-3927
Office Name
OLYMPUS EXECUTIVE REALTY INC
Office Phone
(407) 469-0090
Agent Name
Jorge Mulet, Sr, PA

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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.