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999 Oleander Drive Se
Winter Haven, FL 33880
J. Michael Nolen, JR with COLDWELL BANKER REALTY, original listing - (863) 294-7541
$1,650,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6, ½: 2
Property Type
Conventional
Square ft
8505 Square Feet
Property Description
This Magnificent Custom-Built Lakefront home is beautifully situated on 3.22 acres in Central Florida between Orlando and Tampa. A mid-century modern home designed by the well-known architect, Frances R. Hoffman, a student of Frank Lloyd Wright. It features 8,505 square feet of living area with 5 bedrooms, 6 full baths and 2 half baths. It has a very spacious living room, family room, and an elegant formal dining room with a stunning Austrian cracked quartz chandelier. For all your casual entertaining, you'll love the bar that opens out to an amazing. oversized pool area with a 40' x72' pool, hot tub, dry sauna, fire pit, full bath and plenty of room for sunbathing and relaxing. The home has two kitchens. The main kitchen has Italian Travertine floors, double ovens, large island, sub-zero refrigerator, Jenn-Air gas cooktop, two walk-in pantries, and it flows into the dinette with a custom mural, signed by the artist. The second kitchen is attached to a bedroom with a full bath, laundry area, and could be used for guest quarters. The primary ensuite has built-in cabinetry, an oversized walk-in closet, shallow sunken Roman soaking tub, wall-in shower with double shower heads and a large vanity with dual sinks. The bedroom has sliding glass doors that open out to a lanai with flowers and orchids that create a serene atmosphere. The entire acreage has lush landscaping and mature trees that give you picturesque views from almost every room. There are so many extras with the "one of a kind" home, including a walk-in wine cellar, a huge basement for whatever you desire, a 30' x 27' bonus/workout room, solid wood entry doors with lapis lazuli stones, built-in entertainment center with surround sound in the family room, upper and lower decks on the lanai, Plantation shutters throughout, 34' x 49' garage and much more! Don't miss out on this majestic lakefront property located on a 3-lake chain!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1962
MLS Number
--
Location
Address
999 OLEANDER DRIVE SE
City
WINTER HAVEN
State
FL
Zip Code
33880
County
POLK (SOUTH)
Listing
Name
Phone
(863) 294-7541
Office Name
Office Phone
(863) 294-7541
Agent Name
J. Michael Nolen, JR
Agency Phone
(863) 294-7541

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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.