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27140 Shell Ridge
Bonita Springs, FL 34134
$1,625,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3190 Square Feet
Property Description
Luxury melds with nature in this rarely-available villa boasting all the modern comforts you desire in Bay Harbor at Bonita Bay. Essential updates include a newer roof, impact glass, kitchen/baths, pool heat pump and Saltwater generator. Soaring ceilings in the foyer, great room, and family room create a sense of grandeur and openness, while the wall of sliders in the rear invites natural light to filter through, bathing every corner in warmth and brightness. The expansive windows enhance the sense of space and provide breathtaking views of the lush preserve beyond, bringing the outdoors in and creating a harmonious connection with nature. A standout feature of this home is its multiple living areas, thoughtfully designed to cater to various lifestyles. Enjoy the great room for gatherings, a cozy family room for relaxation, and a versatile study/den for work or hobbies. Upstairs, a sprawling bonus room offers endless possibilities, whether as a media/recreation area/flex space to suit your needs. The first-floor primary bedroom offers a custom walk-in closet and a lavishly updated ensuite bath. Indulge in the luxurious walk-in shower with multiple shower heads, offering a spa-like experience daily. Upstairs, two generously sized guest rooms rival the primary suite in size and comfort. Each guest room features its own bath, one guest room with en-suite bath, offering unparalleled comfort and privacy for family and guests alike. The expansive screened lanai with a saltwater pool and ample seating was designed to maximize the enjoyment of Bay Harbor’s natural surroundings. Retractable awning for extra cover enhances the outdoor experience. Residents also enjoy access to a sparkling community pool and the world-class amenities of Bonita Bay. Don’t miss the opportunity to own this villa in Bay Harbor, where elegant design and natural beauty create the perfect place to call home.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
27140 Shell Ridge
City
BONITA SPRINGS
State
FL
Zip Code
34134
County
LEE (COUNTY EAST)
Listing
Name
Phone
(239) 980-0522
Office Name
Office Phone
(239) 498-9200
Agent Name
Billie J Jans
Agency Phone
(239) 498-9200

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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.