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2392 Highway 17
Crescent City, FL 32112
$664,500
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
3300
Property Description
Nestled on the serene shores of Crescent Lake, this exceptional 1.5-acre waterfront property presents an unparalleled opportunity for investors or families seeking a tranquil lakeside retreat. The property boasts an impressive 156 feet of waterfront, complete with a private dock, boat lift, and a screen enclosed dining area, promising endless lakeside adventures and leisure. This opportunity features two distinct residences, each offering unique charm and privacy, making it ideal for multifamily living or a potential investment venture. The first residence, of sturdy concrete block construction, unfolds over a split floor plan. Initially designed as a two-bedroom, one-bathroom home, it has been This home is perfectly designed for comfort and functionality, featuring an attached garage for extra storage, and front and back decks that invite relaxation and contemplation of the lake's tranquil beauty. The interior of the primary residence exudes warmth and charm, with updated windows framing the majestic lake views, drawing natural light into every corner. A sunroom/den area provides a peaceful nook for relaxation or an office, seamlessly leading to the inviting living room, a dining room area, and an open-concept kitchen that serves as the heart of the home. A practical utility room doubles as a pantry and laundry space, efficiently separating the master suite from the main living areas, enhancing privacy and convenience. Rich natural wood paneling and a cozy fireplace set the stage for memorable family gatherings, adding to the home's rustic appeal. The second residence, a testament to modern living and efficiency, is a 2019 Nobility modular home that spans a generous 1404 square feet. This home is smartly designed with a three-bedroom, two-bathroom layout, adhering to a split floor plan that maximizes privacy and space utilization. The interior is marked by contemporary design elements and finishes that cater to the needs of modern families or individuals seeking a blend of comfort and style. A focal point of this residence is its expansive rear deck, offering a private outdoor oasis where residents can unwind, entertain, or simply soak in the serene lake views and lush surroundings. This deck not only extends the living space outdoors but also enhances the home's connection to nature, making it an ideal spot for morning coffees, evening relaxation, or hosting gatherings against the backdrop of Crescent Lake. Both homes on this waterfront oasis offer distinct living experiences tied together by the shared beauty of their surroundings. Whether utilized as an investment property, a family compound, or a mix of both, this multifamily estate presents a rare opportunity to own a piece of paradise on Crescent Lake, complete with all the amenities and comforts of modern lakeside living.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1955
MLS Number
2018553
Location
Address
2392 HIGHWAY 17
City
Crescent City
State
FL
Zip Code
32112
County
PUTNAM
Listing
Provider
Great Expectations Realty, original listing
Name
Great Expectations Realty
Phone
(904) 823-3456
Office Name
GREAT EXPECTATIONS REALTY
Office Phone
(904) 823-3456
Agent Name
JENA DENNIS

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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.