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40 Deforest Road
Montauk, NY 11954
$23,500,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
4800
Property Description
Never before seen, On The Break is a rare compilation of new construction modern homes set amidst the natural landscape and vibrant cultural scene of Montauk. Encompassing three separate oceanfront lots, the enclave presents an unmatched opportunity to own in the highly sought after Ditch Plains area. One of the most iconic surf destinations on the East Coast, the break within Ditch Plains boasts powerful waves that attract surfers all year round. A captivating locale due to this foremost surf break, Montauk provides a truly unparalleled setting for creativity, community, and oceanfront living within this exclusive enclave. Set on a sprawling 1 +/- acre parcel with an impressive 95 feet of direct ocean frontage, Casa Las Olas stands as the quintessence of opulent coastal living. Recently unveiled, this newly constructed residence encompasses 4,800 +/- sq. ft. of refined living space. Crafted with visionary brilliance by renowned architect Boris Baranovich, every facet of the design harmoniously accentuates unparalleled ocean views that grace nearly every vantage point within the six-bedroom home. A grand double-height entry foyer sets the tone for the interior, which has been partially staged with luxury furnishings curated by Meredith Baer. An ode to open concept living, the main level seamlessly blends two sitting areas, formal dining, and a fully-equipped kitchen which incorporates top-tier appliances, an inviting island with ample seating, and a separate pantry. The three-car attached garage is ideally situated towards the front of the property, with direct access to the laundry and mudroom. Positioned on the second level, the spacious primary suite features a fireplace with sitting area, steam shower, multiple closets, and a private waterside terrace. Four additional bedrooms complete this floor. Accessed via glass doors along the main living area, an expansive deck spans almost the entire width of the home. With ample room for entertaining, the exterior affords outdoor dining, a covered sitting area, and an oceanside heated 20' x 30' gunite pool with sun shelf and spa. Meticulous landscaping by Terra Designs exudes an aura of natural elegance while ensuring total privacy within the property. With the pristine ocean beach directly outside, Casa Las Olas perfectly captures the allure of the Montauk lifestyle.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2023
MLS Number
11266968
Location
Address
40 Deforest Road
City
Montauk
State
NY
Zip Code
11954
County
SUFFOLK (EAST)
Listing
Provider
Hedgerow Exclusive Properties, original listing
Name
Hedgerow Exclusive Properties
Phone
(631) 296-8543
Office Name
Hedgerow Exclusive Properties
Office Phone
(631) 296-8543
Agent Name
Hedgerow Exclusive Team

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.