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11954 Provincial Way
Windermere, FL 34786
Denise Gregorie with CLOCK TOWER REALTY, original listing - (407) 362-6246
$2,400,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4
Property Type
Conventional
Square ft
4690 Square Feet
Property Description
EXTRAORDINARY LAKEFRONT HOME IN GATED WINDERMERE COMMUNITY! Located in the popular Reserve at Belmere, this Arthur Rutenberg home sits on the shores of Lake Whitney, offering amazing sunset views, lake access with its own boat dock and a large pool and spa. Ideal for entertaining, this is truly the best in Florida living! As you approach the custom home, you’ll first notice gorgeous tropical landscaping, tile roofing, a spacious, pavered driveway and a desirable cul-de-sac location. Once you enter through stately, double front doors, you are greeted by a marble foyer, dark wood flooring and a breathtaking view of Lake Whitney. Just past the private front office, formal dining room and living room, you’ll find an open family living area. The gourmet kitchen boasts 42-inch cabinets, granite countertops, new stainless steel appliances with a sub-zero refrigerator, designer backsplash, double oven, wine refrigerator, large island with storage, pendant lighting and an adjacent breakfast nook. The family room is highlighted by built-in cabinets, tray ceiling and two full walls of glass sliders that provide amazing views and access to your outdoor oasis. A screened, pavered lanai features a large pool and spa plus a summer kitchen that includes a natural gas grill, outdoor refrigerator, backsplash, sink and a wood paneled ceiling. Perfect for grilling and relaxing with your family and friends! A pavered pathway leads out to your own covered boat dock, complete with a tile roof and two jet ski pads. Back inside, a secluded flex space with high ceilings, dark wood beams and an oversized picture window looks directly out onto Lake Whitney. The owners suite features a sitting area, tray ceilings and access to an adjacent private office. The suite also includes an oversized bathroom with a large island, garden tub, double vanity and two spacious walk-in closets with custom shelving. Two of the secondary bedrooms were designed with separate, adjacent rooms that provide extra space for homework desks, reading chairs or make up tables. Upstairs, you’ll find an oversized bonus room with full bathroom and views of the pristine lake. Additional features include a three-car garage, crown molding, custom woodwork, central vacuum, natural gas dryer, front and back pavers resurfaced and sealed, 3 A/C units (downstairs units recently replaced) and so much more! The Reserve at Belmere is a popular Windermere community that offers guard gated access, a fitness center, tennis courts, full court basketball, volleyball, playground, fishing pier - plus A-rated schools and conveniently located to most major highways, parks, shopping, dining and downtown Windermere and Winter Garden. Must see to appreciate the attention to detail on this custom home!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
11954 PROVINCIAL WAY
City
WINDERMERE
State
FL
Zip Code
34786
County
ORANGE (SOUTHWEST)
Listing
Name
Phone
(407) 463-0080
Office Name
Office Phone
(407) 362-6246
Agent Name
Denise Gregorie
Agency Phone
(407) 362-6246

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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.