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15206 Pendio Drive
Montverde, FL 34756
$2,900,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5114
Property Description
Under contract-accepting backup offers. Experience the epitome of luxury living at its finest in the exclusive guard-gated country club community appropriately named Bella Collina, one of Central Florida's most sought-after residential neighborhoods. Nestled on a 1-acre estate preserve lot, this contemporary-crafted Lemans floor plan by Davila Homes boasts an impressive 5,114 square feet of living area and a total of 7,710 square feet under roof. As you step through the double doors, the open foyer welcomes you, with a well-appointed office on the right. The gourmet kitchen is a chef's dream, featuring top-of-the-line Fisher & Paykel appliances, an 8-burner gas stove, an oversized island, and a custom-built wine wall. Adjacent to the kitchen, you'll find a half bath and a game room with pocket corner sliding doors that offer stunning views of the covered porch and lanai, complete with a custom-built summer kitchen and remote-control screens. A guest suite with a full bathroom provides comfort and privacy for your visitors. The oversized laundry room features an elevated washer & dryer and an oversized back pantry, making household chores a breeze. The great room exudes tranquility with its natural earth tones and a soothing gas fireplace, while a wall of glass sliders leads to the covered lanai and a resort-like solar pool and spa. The generous primary suite offers ample space for a sitting area and a spa-like primary bathroom with dual sinks, a soaking tub, and an oversized walk-in shower that leads to a customized walk-in closet. A glass stairway takes you to the second floor, where you'll find a spacious media loft, three generous en-suite bedrooms, and a covered balcony with retractable screens. This sophisticated home is equipped with state-of-the-art features, including a Crestron electronics system, electronic drapes and shades, a built-in ground-level trampoline, pre-plumbing for a fire pit, and oversized fenced backyard with extensive landscape lighting. As the owners never moved in, you can enjoy all the upgrades without the wait of building from scratch! Enjoy all of the amenities Bella Collina has to offer including two restaurants with outdoor patios, 5-star spa, championship golf course, 5 tennis courts, basketball court, 3 pickle ball courts, fitness center with complimentary fitness classes for residents, a pool complex with bar and cabanas and year-round culinary and social events.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2024
MLS Number
O6188385
Location
Address
15206 PENDIO DRIVE
City
MONTVERDE
State
FL
Zip Code
34756
County
LAKE (SOUTH)
Listing
Provider
Stockworth Realty Group LLC, original listing
Name
Stockworth Realty Group LLC
Phone
(407) 909-5900
Office Name
STOCKWORTH REALTY GROUP
Office Phone
(407) 909-5900
Agent Name
Julie Bettosini, 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.