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8228 S Lakeside
Wallsburg, UT 84082
Necia Lee with Realty ONE Group Signature (Vernal), original listing - (435) 724-0778
$2,295,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
--
Property Description
Discover an extraordinary blend of luxury and nature in this one-of-a-kind, custom-built, 4-bedroom, 3-bathroom mountain retreat, located at Deer Creek Reservoir. Nestled on over 8 acres of private, gated land, this home offers breathtaking panoramic views of the crystal-clear waters, the majestic Wasatch Mountains, and the rugged beauty of Mill Canyon Peak. This serene and picturesque setting, surrounded by protected public lands, ensures that no new homes will ever be built nearby, making this a truly unique and rare opportunity. Every detail of this home has been thoughtfully designed by its original owner to capture the stunning natural surroundings, ensuring that each room offers breathtaking vistas. The residence features a lavish master suite with direct outdoor access, an additional master suite for ultimate comfort and luxury, and two more spacious bedrooms. A large bonus room adds flexibility, perfect for a home office, gym, or entertainment space. This home is more than just a retreat-it's a year-round gateway to adventure. Enjoy world-class boating, fishing, and water sports with easy access to the reservoir, and explore nearby hiking and biking trails from your doorstep. During the winter months, you'll be just minutes away from premier ski resorts like Sundance and Park City, offering some of the best skiing and snowmobiling in the country. For those with a passion for cars, the property includes a 4-car extra-deep garage complete with a custom car lift, as well as a detached shop, covered RV and boat storage, and even a helicopter pad for ultimate convenience. The home is equipped with a 10,000 KW backup generator and other essential features, making it perfectly suited for mountain living. Outdoor living is equally luxurious, with expansive decks and fire pit areas designed to take full advantage of the stunning views. The unfinished full-height basement offers the potential for additional square footage, allowing for future customization to suit your needs. For a seamless transition into this exceptional lifestyle, the exquisite furnishings, carefully selected to complement the home's luxurious design, are available for negotiation. This is mountain living at its finest, where every aspect of the property embodies luxury, privacy, and the unparalleled beauty of nature. An opportunity that will never be replicated, as no new homes will ever be built in this pristine location.
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2006
MLS Number
--
Location
Address
8228 S LAKESIDE
City
Wallsburg
State
UT
Zip Code
84082
County
WASATCH
Listing
Name
Phone
(435) 781-2500
Office Name
Office Phone
(435) 724-0778
Agent Name
Necia Lee
Agency Phone
(435) 724-0778

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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.