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52 Citrus Drive
Palm Harbor, FL 34684
$1,299,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3906
Property Description
Seller Financing Available - Offered at a Competitive Rate for a Qualified Buyer! Don’t miss true resort style living at this one of a kind, custom home nestled along the shores of Lake Tarpon. A boater’s paradise, an entertainer’s dream but also a private retreat and nature’s oasis. Just one canal over from the 2,500 acre lake with no required HOA in unincorporated Pinellas County, this home can truly be anything you make of it. Built in 2001, this distinguished residence boasts 3 spacious bedrooms, 3 bathrooms, bonus room and office on the main floor PLUS a full-size in-law suite with 1 bedroom, 1 bathroom and full kitchen giving multiple options for living arrangements on the second. Through the foyer you are greeted with regal faux marble columns and detailed tray ceilings. Past the office, the spacious chef’s kitchen and large great room are at the heart of the home with gorgeous views of the hidden pool & jacuzzi, eat-in kitchen space and large bar seating. Throughout the entire home you’ll notice granite countertops and custom cherry wood accents along vanities, walls details, and built-ins. There is no detail left unfinished in this masterpiece! Wake up in the primary suite to large slider door views of the private pool oasis. The split floor plan features the primary suite in the front of the home and has everything you need to live luxuriously: his and hers walk-in closets, dual vanities, garden soaking tub, large walk-in shower and a private water closet are a few of the amenities. The two additional rooms located at the rear of the home are connected to a full bathroom. One bedroom has an additional slider view of the pool as well as a connecting pool bathroom. Don’t forget the bonus room with closet that can be used for gaming, guests, an additional office, play room or more. The multiple outdoor living areas are truly exceptional, with a covered porch and screened-in heated pool & spa in the center of the home’s floorplan. In the rear of the home the screened outdoor kitchen and lounge area gives serene views of a sprawling yard with lush mature landscaping followed by a private screened gazebo with electric and a dockside custom fire pit. Situated on a deep water canal, the dock is made of composite wood and the boathouse holds a 10,000 lb boat lift. This backyard is known to have many nature sightings including bald eagles, hawks, ducks, fish off the dock and many more! The oversized circular driveway has plenty of room for big toys and guest parking. This community is golf cart friendly with Innisbrook Golf Course nearby, and many restaurant and community offerings. By boat you can visit Tarpon Turtle restaurant, John Chestnut Park, and Anderson Park. The neighborhood organizes multiple holiday golf cart events and boating events such as the Gasparilla Lake Parade, 4th of July Ski Show, Halloween Golf Cart parade, and Christmas Golf Cart & Boat parade. The lake life is waiting for you, come experience it today! Roof 2017, AC 2014, new pool heater 2022, Aquasana water filtration system in home, generator, propane tank for pool heater and pool spa.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2001
MLS Number
U8226998
Location
Address
52 CITRUS DRIVE
City
PALM HARBOR
State
FL
Zip Code
34684
County
PINELLAS (NORTH)
Listing
Provider
BHHS FLORIDA PROPERTIES GROUP, original listing
Name
BHHS FLORIDA PROPERTIES GROUP
Phone
(727) 754-2040
Office Name
BHHS FLORIDA PROPERTIES GROUP
Office Phone
(727) 754-2040
Agent Name
Danielle Sapp

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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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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.