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115 Secret Shore Lane
Enterprise, FL 32725
$997,777
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
4138
Property Description
Under contract-accepting backup offers. 3+ ACRES ON CANAL TO LAKE MONROE & ST. JOHNS RIVER - 3600 SF HOME & SEPARATE GUEST HOUSE - 3000 SF POOL & LANAI - YOU'LL NEVER LEAVE! Welcome to your private waterfront retreat, nestled on a sprawling 3.14-acre property along a tranquil canal leading to Lake Monroe and the majestic St. Johns River. The centerpiece of this estate is the magnificent 3600 square foot main residence, where luxurious living spaces and stunning views come together seamlessly. 8' french doors lead out to the expansive screened pool area, where you'll find a 3000 square foot oasis waiting to be enjoyed. Whether you're taking a refreshing dip in the deep pool, lounging on the patio, or cooking up a feast in the outdoor kitchen, you'll appreciate the tranquility of your private outdoor retreat. Step inside to discover the heart of the home, open-concept kitchen, dining nook and family room, perfect for gatherings and entertaining. The kitchen features rich brown grained granite countertops, 42" solid cherry cabinetry with pullouts, breakfast bar & walk in pantry. Blending into the spacious family room with vaulted ceiling and an electric fireplace. The master suite, complete with a sitting room, custom closets & luxurious bath, opens to the pool. With three bedrooms (with the potential for five), 4 baths, an office and a sprawling 532 square foot bonus room with a full bath, there's ample space for family and guests to spread out and unwind. Even the 15' laundry room is super! LOVE THE FURNITURE? - IT'S AVAILABLE As you wind down the long, tree-lined driveway, passing by the charming guest house tucked amidst the greenery, you'll feel a sense of calm wash over you, knowing you've arrived at your own sanctuary. The drive curves around to your home offering complete privacy for you and your guests. The 544 SF guest house has a kitchen/living combo, separate bedroom, full bath, w&d and 660 SF garage with separate carport. For those who love to explore the waterways, a seawall and floating dock provide easy access to the canal, offering endless opportunities for boating, fishing, and wildlife watching. With over 50 bird species spotted in the area and occasional visits from manatees, nature lovers will delight in the abundance of wildlife right in their own backyard. Beyond the property, adventure awaits along the Spring to Spring trail, where you can bike or walk to nearby attractions such as Gemini and Blue Springs. And with the Sunrail train station just a short distance away, (put your bike on for free) you'll have easy access to Orlando. BRAND NEW ROOF with ON DEMAND WATER HEATER ensures peace of mind and there are counless amenitites--fenced area for your dogs,wired for propane generator that can run both homes, termite bond, central vac & sweep, irrigation from canal and extremely well maintained! HANDSHAKE HOA FOR ROAD & RAMP MAINTENANCE ONLY. Enterprise is a stunning area nestled across Lake Monroe from Sanford. The journey to Enterprise is as breathtaking as the destination itself. As you wind your way along the shores of Lake Monroe, you'll be greeted by majestic oaks draped in Spanish moss. The scene is one of pure serenity and relaxation, offering a tranquil escape from the hustle and bustle of everyday life. Whether you're seeking a peaceful retreat or a scenic drive, Enterprise promises an unforgettable experience that will leave you enchanted and rejuvenated. Restaurants & all kinds shopping less than 12 minutes away! -
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2008
MLS Number
V4935469
Location
Address
115 SECRET SHORE LANE
City
ENTERPRISE
State
FL
Zip Code
32725
County
VOLUSIA (SOUTHWEST)
Listing
Provider
Charles Rutenberg Realty Orlando LLC, original listing
Name
Charles Rutenberg Realty Orlando LLC
Phone
(407) 622-2122
Office Name
CHARLES RUTENBERG REALTY ORLANDO
Office Phone
(407) 622-2122
Agent Name
Carolyn Evans

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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.