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35 Redwing Way
Schroon Lake, NY 12870
Daniel A. Collins with Four Seasons Sotheby's International Realty, original listing - (518) 523-2550
$4,900,000
Conventional
Property
Bedroom
7
Bathroom
Full: 7, ½: 1
Property Type
Conventional
Square ft
5698 Square Feet
Property Description
Welcome to an exquisite lakefront estate on the serene shores of Schroon Lake, the former site of the historic Camp Redwing, a beloved girls' camp from the early 1900s. This remarkable property has been reimagined and renovated to perfection, offering a blend of historic charm and modern luxury. Nestled on over 6 acres of land, this property was carefully curated and passionately cared for by its current owners. The main home was redesigned with Paul Harris, the owner of an award winning holistic architecture firm, and underwent a custom rebuild by Neil Morse, a well known local home builder. Two historic camp buildings, and a sports court, swim platform and footprint of a lookout tower original to Camp Redwing, still exist today. Boasting 180 degree views of Schroon Lake and Adirondack mountains, 220 feet of pristine lakefront, a sandy beach, plenty of acreage to explore and multiple wood burning fireplaces, this lakefront camp is perfect for relaxation and recreation any time of the year. The main house, spanning approximately 6,000 square feet, has two primary bedrooms, each with its own ensuite, a first floor walk out guest suite, and 4 additional bunk spaces built in with their own baths as well. The open-concept living area includes a wood-burning fireplace, a game room complete with a wet bar, and a large laundry room area ideal for storing lake and ski gear. An incredible screened-in porch also has its own wood burning fireplace, gorgeous lake views and connects the main home to an oversized two-car garage with front and rear openings for ease of use by water or land. Above the garage and connected to the main home via the screened in porch is a perfectly positioned 2BR, 2BA living space, and just outside, a patio complete with a fire pit, outdoor kitchen and shower. The outbuildings, used as bunks in the days of the girls' camp, have been preserved in their original state, offering a rare glimpse into the past.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2015
MLS Number
--
Location
Address
35 Redwing Way
City
Schroon Lake
State
NY
Zip Code
12870
County
ESSEX
Listing
Name
Phone
(518) 222-4511
Office Name
Office Phone
(518) 523-2550
Agent Name
Daniel A. Collins
Agency Phone
(518) 523-2550

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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.