Monday, August 5, 2019

Delavan Lake Real Estate First Half Review


     During the first half of 2019, sales of homes around Delavan Lake, WI increased dramatically from the prior year with lake access properties taking the majority of the transactions.  For the January to June period, there were 29 sales of lakefront and lake access properties compared to only 17 by that time in 2018.  This was the highest unit total in four years. 
     The price range for the lake properties ranged from $87,500 for a three bedroom cottage in the Delmar Subdivision off of South Shore, to $750,000 for a four bedroom lakefront on 50 feet of North Shore frontage.
     Sales of lakefront condominiums also saw a healthy increase as 16 units were sold in the first part of 2019 compared to 10 in 2018 and eight in 2017.  The majority of the sales were in the Geneva Landings complex.  Prices of condos sold ranged from $47,900 for a condo/hotel room in the Lake Lawn Resort to $350,000 for a three bedroom unit in the Delavan Gardens complex that included a private boat slip.

Recent sale in Delavan Gardens for $350,000.

     At the start of the third quarter, there were only 41 lake access and lakefront properties on the market.  This compares to 49 in 2018 and 62 in 2017.  The tight inventory is causing prices to increase in all areas. The starting point for lake access homes is $90,000 which will buy you a two bedroom cottage in the Delmar Association.  The most expensive lake access property is $530,000 for a three bedroom in Assembly Park on the north side of the lake. 
     Lakefront homes start at $360,000.  That is enough for a tear down on Bennett Street near American Marine.  The most expensive home on the lake may also be a tear down.  It is a 8,500 square foot, six bedroom home on 450 feet of steep North Shore frontage.  It is currently listed for $1,900,000.
     The supply of lake access condos is also lower compared to prior years.  There are only 10 units on the market compared to 18 in 2018 and 23 in 2017.  Prices start at $89,900 for a one bedroom condo/hotel room and increase to $299,900 for a two-bedroom hilltop unit in the Delavan Club which is on the Outlet of Delavan Lake.
     The best value for a lake access property is located at 4215 Beach Drive.  This three bedroom looks directly down the lake and is part of the well-regarded Highlands subdivision that sports the best beach on Delavan Lake.  The home is available for $247,900.
Lakefront Bargain Hunt Candidate at 1402 Delavan Club Dr.
Click here to take a quick tour

          The best value lake condo is located at 1402 Delavan Club Drive.  Featured on HGTV’s Lakefront Bargain Hunt, this unit has two bedrooms, a lakeside balcony and towering vaulted ceilings.  The unit is currently listed for $199,900.
     The best value for a lakefront home on Delavan is located at 2920 North Shore Drive.  With 75 feet of frontage, this four bedroom two-story has ample deck space, a private pier and a five car “boat garage”.  Listed for $995,000 the property has almost two acres of wooded privacy and water views from most rooms in the house.
The best value for a lakefront home on Delavan is at 2920 North Shore Drive
Click here for more information about this great property


Friday, June 21, 2019

Recent Reductions Create Delavan Lake Deals

     A slower start to the Delavan Lake real estate selling season has prompted a few lakefront home owners to offer some timely price reductions.
     Samples of these deals include 2328 North Shore Drive which has been reduced from $1,399,000 to $1,324,000.  The home features 120 feet of lake frontage, five bedrooms, four bathrooms and an indoor swimming pool.
2328 North Shore Drive, Delavan Lake, WI
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Indoor swimming pool at 2328 North Shore Drive, Delavan Lake, WI

     Another reduction on the North Shore of Delavan Lake is located at 2316 North Shore Drive.  This 5,688 square foot contemporary home started out at $1,395,000 and now is offered at $1,100,000.  With six bedrooms, four bathrooms and a lakefront boat house, the property is selling for a steep discount to the cost to recreate this waterfront wonder.
2316 North Shore Drive, Delavan Lake, WI
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Private boat house at 2316 North Shore Drive, Delavan Lake, WI

     A final example of the price adjustments can be found at 2920 North Shore Drive.  With its wooded drive leading to the property, and an additional five car boat garage, this four bedroom, three bathroom two-story, has been marked down to $995,000 from its original asking price of $1,195,000.
2920 North Shore Drive, Delavan Lake, WI
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Private pier at 2920 North Shore Drive, Delavan Lake, WI

     By purchasing now, you can still get in while summer activities are in full swing.

Wednesday, May 8, 2019

Escape to Cedar Point on Delavan Lake's North Shore

     Cedar Point on Delavan Lake is undergoing quite a transition.  Once a street of modest full time residents on the way to the Delavan Lake Yacht Club, the drive has seen a number of new construction homes and extensive remodels that showcase the exceptional views that this location provides.
     One of these remodels is at 1617 Cedar Point Drive, Delavan Lake, WI.  Rather than blend in with the trend towards Nantucket blues, whites and greys, the five bedroom lake home conveys more of a country retreat with English gardens, flag stone pathways and an impressive field stone fireplace.
1617 Cedar Point Drive on Delavan Lake's north shore
Click hear to tour this home

     Originally built in 1960 for Dr. Peterson, the home used Cypress wood for the siding and featured three levels of living and a sunk-in great room with waterfront views.  In the late 1980's the property underwent an expansion on all sides with a bedroom added to the lower level, a tower built off the lakefront bedroom, and an expansive front sunroom added to the great room area.
     Now pushing past 3,500 square feet of living space, the home utilizes the open concept on the main floor to provide lake views throughout the home.  Wood floors throughout the kitchen and dining room, easily flow into the great room and sun porch.  The tower serves as an observation post and area to showcase collectables and prized possessions.  A lower level office walks out to the lakefront patio and plush landscaping.
Kitchen area of 1617 Cedar Point Drive, Delavan Lake, WI

     Most of all, this is a lake home.  With its oversized pier, four car garage and outdoor entertaining space, the property is well suited for entertaining or a family retreat.  Currently listed for $1,250,000, the location offer quick access to area activities, shopping and entertainment.
Over sided pier and views at 1617 Cedar Point Drive

Saturday, March 9, 2019

Why All The Little Windows?

     When first seeing the Delavan Lakefront home at 2316 North Shore Drive, many people ask the same question.  "Why do they have so many little windows?
  The unique design, which has given the home the affectionate nick name of "The Birdhouse", occurred back in the early design process in 1989.  Back then, the owner of the property was meeting with an architect and wanted to create a home with a large "silo" feature on the lakefront side.
   The design was to give more dramatic views from the top floor and allow natural light to pour into the great room and sun room.  A large front deck area was created to give plenty of room for entertaining and enjoying the lake views.
     But why all the little windows?  Well, the owner of the property had two young daughters.  He wanted to involve them in the building and design process.  When he asked them what they wanted in their new lake house, the girls asked for lots of windows so they could see outside. 
     The result was windows at all heights and sizes.  Windows that the young girls could peek out and see the lake life around them.  Windows that let in lots of light and and can be used to peer out at the moon.
     Another bonus feature of this 5,688 square foot Delavan lakefront, in addition to six bedrooms, five bathrooms, a work out room, steam shower and jetted tub is the waterfront boat house that gives sweeping views of Delavan Lake.  It's a airy place to watch the children play while they splash around and jump off the pier.
     For a complete tour of this marvelous North Shore Drive Delavan Lake property, click

Thursday, February 7, 2019

Remodeled Lake Access Home with Boat Slip

     Nestled in the Viewcrest Subdivision, the home at 4308 Silverwood Drive offers privacy, lake access and remodeled relaxation.  Featuring a spacious first floor master suite and open great room area, this four bedroom cape cod is a fine value on Delavan Lake.
4308 Silverwood Drive, Delavan Lake, WIclick here for a tour
  As you enter the front door,  you are greeted with charm and character throughout the home.  Wood floors in the dining room, exposed beams in the remodeled kitchen, large great room window, flooding the room with light.
Great room at 4308 Silverwood Drive, Delavan Lake
     In addition to the updated kitchen, featuring tile flooring and tasteful fixtures, the home has ample outdoor space including a detached screen room and outdoor bar-b-que.
Updated kitchen at 4308 Silverwood Drive, Delavan Lake, WI
     What really makes the property is the boat slip on Delavan Lake.  As part of the Viewcrest Subdivision,  the house also has access to a private beach, boat launch and park area.  Close to shops and entertainment venues, this is a great summer get away.
Viewcrest beach and swim pier on Delavan Lake, WI

Thursday, January 17, 2019

Delavan Lakefront Real Estate Summary for 2018


     Sales of Delavan Lake homes took a pause in 2018 as frustrated buyers could not find properties available for sale. The low level of inventory pushed prices of poorly maintained properties above the fair market value while more informed buyers hung on to their investment dollars.
     For the total year, there were 15 lakefront homes that changed ownership on Delavan Lake.  This compares to 25 in 2017 and 10 in 2016.  Prices of homes on the main body that sold in 2018 ranged from $520,000 for a small south shore cottage on 60 feet of frontage to $1.85 million for a spectacular 6585 sq. ft. two story on level north shore frontage.
North Shore Delavan lakefront sale in 2018 for $1,850,000.

     Lake access homes were fairly steady with 45 sales in 2018 compared to 46 in 2017 and 52 in 2016.  Low inventory levels again played a factor as there were more buyers than sellers.  Prices of homes sold with lake access ranged from a three car garage in the Delmar Subdivision that had a one bedroom cottage on the same lot for $61,800 to $640,000 for a five bedroom, four bathroom home on the South Shore with lake views and a private boat slip.
     Condominiums sales on Delavan Lake were flat when compared to prior years with 20 sales in 2018;  21 in 2017; and 19 in 2016.  Prices ranged from $40,000 for a Delavan Lake Resort condo/hotel room to $310,000 for a three bedroom Delavan Gardens unit with a boat slip and pier.
Current Market Homes
     The number of available homes with lake frontage or lake access continues to shrink with only 24 listed for sale at the start of the year.  This compares to 33 in 2018 and 37 in 2017. 
     Prices for lake access homes range from $134,000 for a three bedroom ranch in the Delmar subdivision on the south shore to $399,000 for an older three bedroom ranch off of Glen Eyrie on the north shore.
     Prices for lakefront properties start at $349,000 for 90 feet of frontage on the Delavan Inlet that has a three bedroom, two bath home and two separate garages to $2.4 million for 453 feet of north shore frontage that boasts a 8,500 sq.ft. home with six bedrooms, seven baths and 10 garage spaces.
8,500 square foot Delavan Lakefront listed for $2,400,000.

Current Market Condos
     There were only 10 lake access condos available at the start of the year compared to 13 at the start of 2018.  Prices span from a two bedroom condo/hotel room in Lake Lawn Resort at $75,000 up to a two bedroom Geneva Landings lakefront for $274,000.
Best Value Lake Access
     The best value for a lake access home is located at 2904 Jones Street.  This three bedroom, one bath ranch is listed for $134,000 has lake rights that include a boat launch and swim pier.  The property has a larger lot and a detached two car garage.
Best value with lake access on Delavan Lake located at 2904 Jones Street.

Best Value Lakefront
     The best value for a lakefront home is located at 2724 Willow Point Drive.  This older four bedroom, two story has 100 feet of north shore frontage a private pier and detached oversized garage.  Listed at $795,000 the home has broad lake views and looks over a calm bay.
Best value lakefront home for Delavan is located at 2724 Willow Point Drive.
Click here to tour this property

Best Value Condo
     The best value for a condo on Delavan Lake is located at 1425 Delavan Club Drive.  At only $135,000, this one bedroom walks right out to the water and has a great club house and large outdoor pool.

Thursday, November 15, 2018

Great Delavan Lake Gift Guide

     If you like Delavan Lake, you'll love the new Gift Guide from The Delavan Lake Store.  This year's catalog has more than just amazing wine and cheese baskets.  There are also new clothing items, Delavan branded trinkets and a line of Delavan Lake signs that can be customized with your family information.
     A link to the Delavan Lake Gift Guide can be found by clicking on to the image below.  Happy Holidays!
Find unique Delavan Lake Gifts by clicking HERE!