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2121 Ridgewood Drive
Waco, TX 76710
$4,490,000
Conventional
Property
Bedroom
4
Bathroom
7
Property Type
Conventional
Square ft
6573
Property Description
Welcome to a world of elegance and sophistication on Ridgewood Drive in Regency Park, near the prestigious Country Club. This luxury Modern Mediterranean home, set on a sprawling 4.5-acre estate, offers a lifestyle of unparalleled grandeur and comfort. This residence harmonizes modern luxury with timeless Mediterranean charm. As you approach the estate, a grand circular driveway greets you, leading to the majestic Mediterranean-style home. The innovative floor plan centers around an impressive atrium, ensuring every room is intimately connected to the heart of the home. Waco Designer Wendy Sharp was charged with creating the look. Upon entry, the stunning cast concrete free-standing outdoor staircase and an outdoor fireplace immediately captures your attention. Inside, a richly stained oak staircase adorned with a custom-designed runner from India and Afghanistan ascends to the second story. The home features custom wrought iron handrails and intricate details, masterfully created by David Meyer, enhancing both the interior and exterior aesthetics. The expansive kitchen and dining area is a culinary and entertainer's dream, boasting top-tier appliances and sophisticated design elements. Highlights include a crescent-shaped Gaggenau cooktop with a matching custom-made vent hood, and limestone accent walls fused with white sand mortar from Kosse, Texas. A separate beverage bar adds convenience and flair, making it perfect for hosting gatherings of any scale. The home showcases Venetian plaster walls throughout, complemented by custom-painted and hand-stenciled designs in some areas. The den offers a comfortable yet elegant retreat, featuring built-ins and a gas fireplace. Stunning light fixtures throughout the home add a touch of glamour to every room. The primary suite is a private sanctuary, accessed through large French doors and featuring grand intersecting barrel-vaulted ceilings, an 86" stainless steel ceiling fan, and a recessed ceiling TV. The luxurious master bathroom includes a hand-painted cast iron bathtub imported from England, dual vanities, an oversized shower, and dual master closets with custom-built ins and ample drawers. A second bedroom and a small gaming area are also located downstairs. Upstairs, solid concrete floors lead to two spacious bedrooms with picturesque views of the second-floor pool, which is equipped with both a heater and a chiller for year-round enjoyment. The home theater room is a haven for movie lovers, featuring five recliners and a sofa that seats five, all in reclining comfort. The outdoor patio is an entertainer’s paradise, overlooking the wooded property and providing ample space for games, relaxation, and social gatherings. It is equipped with an outdoor kitchen featuring a round hibachi grill, refrigerator, and sink. The patio’s powder room boasts hand-painted walls inspired by the surrounding trees, adding a unique and artistic touch. The home includes a one-car garage attached to the main house with an entrance to your own private wine lounge or speakeasy. Additionally, a detached garage, connected by a covered walkway, features oversized ceilings, three large spacious areas for cars, and ample workspace. This home is constructed to withstand the elements, with both the main house and detached garage built on suspended concrete slabs, supported by 156 piers and utilizing 1,200 yards of concrete. This solid foundation ensures durability and longevity, offering peace of mind for years to come. Discover the epitome of luxury living in this Modern Mediterranean masterpiece on Ridgewood Drive. This extraordinary residence is not just a home but a testament to exquisite design and superior craftsmanship, offering an unparalleled living experience in Regency Park.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
222951
Location
Address
2121 Ridgewood Drive
City
Waco
State
TX
Zip Code
76710
County
MC LENNAN
Listing
Provider
Kelly, Realtors, original listing
Name
Kelly, Realtors
Phone
(254) 741-1500
Office Name
Kelly
Office Phone
(254) 741-1500
Agent Name
Bricker Bruner

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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.