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860 Summit Overlook Drive
Dawsonville, GA 30534
$2,100,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6, ½: 2
Property Type
Conventional
Square ft
10015 Square Feet
Property Description
TOO BEAUTIFUL TO MISS! With breathtaking mountain views and mesmerizing sunsets, this majestic estate in the exclusive Summit at Blue Ridge Overlook offers a perfect blend of privacy and elegance. Set on an expansive double gated 11.69+/- acres and, this luxurious European-inspired home provides unparalleled security and seclusion within one of Dawsonville’s most sought-after communities. Upon arrival, you’ll be greeted by the soothing sound of a six-tiered waterfall with koi pond setting the tone for this remarkable property. Built in 2000, this 10,015+/- square foot estate features 5 bedrooms, 6 full and 2 half baths, and a 90% finished basement that adds endless possibilities for additional living or entertainment space. The grand entrance boasts a 20-foot foyer with dual winding staircases, setting the stage for the opulence within. The chef’s kitchen, thoughtfully designed for both function and style, features premium appliances including Thermador double ovens, a gas cooktop, a Sub-Zero refrigerator and freezer, and a Bosch dishwasher. The oversized island with a prep sink is perfect for culinary creations, while the cozy breakfast room with its own fireplace invites casual dining and relaxation. A separate dining room with a Butler's pantry comfortably seats 12, making it ideal for both intimate gatherings and grand celebrations.The Open Concept floor plan allows a seamless flow of traffic while making sure there is plenty of possibility to interact with family and friends from various spaces. At the end of the day escape to your oversized master suite, a true retreat offering luxurious finishes, serene views, and a spa-like Master bath with walk-in shower and remote jacuzzi tub. Upstairs, you’ll find three additional en-suite bedrooms, complemented by a morning/wine bar and a sophisticated office, all designed for comfort and style.The terrace level is an entertainer’s dream, boasting a chic built-in bar and all the comforts of the perfect entertaining spot. There's a mirrored exercise space perfect for a workout room, theatre or Game room. This astounding home offers 7 gas fireplaces with 2 doubling as wood burning, a huge Laundry Room with built-ins and utility sink, as well as a large office over the garage with custom built-in bookcases and a seperate entrance. Step outside and be captivated by the heated Gunite pool (choice of chlorine or salt water) with cascading waterfall and Pool house or unwind in the hot tub while taking in breathtaking views of the nearby lake from the gazebo. For recreation, there's a four-hole putting green, and Pet lovers will appreciate the 1-acre fenced and lighted dog park, a private haven for furry companions. With features such as plantation shutters, a generator, two gas water heaters, and five HVAC units, this home flawlessly blends luxury with modern convenience. Added bonuses are garage parking for 4 vehicles, meticulous professional landscaping and complete privacy enhanced by a 156+/- acre wooded tract situated behind it.This estate offers an extraordinary opportunity to own a private, luxurious retreat, blending timeless European design with modern conveniences. With proximity to shopping, medical facilities, and more, this Dawsonville home truly offers a rare slice of paradise.
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2000
MLS Number
--
Location
Address
860 Summit Overlook Drive
City
Dawsonville
State
GA
Zip Code
30534
County
DAWSON
Listing
Name
Phone
(678) 524-8573
Office Name
Office Phone
(678) 341-7400
Agent Name
John R Cook
Agency Phone
(678) 341-7400

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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.