Friday, September 22, 2017

Summer Heats up Sales on Delavan Lake, WI

     Just as the temperatures started to rise, the lakefront home sales on Delavan Lake, WI took off and have now created a shortage of homes to choose from.
     For the first six months of the year, there were only three sales.  Those ranged from a $307,000 foreclosure to a remodeled three-bedroom for $620,000 on the mouth of Browns Channel.
     Once the mercury started to rise, sales expanded with 13 sales from July 1 through September 22.  Four more are under contract, including one infested with mold that should be torn down and rebuilt.  Prices of these sales ranged from $240,000 for a little one bedroom to $1.9 million for the perfect lakefront layout on 125 feet of level South Shore frontage.
     The explosion in sales has left very few options for those that still want a lake home on 2,000 acre Delavan Lake.  Today, there are only 12 homes on the main body left unsold.  The best options include 2804 Manor Lane and 2724 Willow Point Drive.
     Located just off of South Shore Drive, 2804 Manor Lane is a four-bedroom two-story waiting for the next owner to remodel and redecorate to take advantage of the 100 feet of level frontage that the property enjoys.
2804 Manor Lane, Delavan Lake with 100 feet of South Shore frontage.
      A newer structure, built in 1986, the home has served as a full time residence and features a spacious lakefront deck with hot tub and expansive lake views.  The property is priced at $799,000.
     The North Shore option is 2724 Willow Point Drive.  Listed for $825,000 this classic four bedroom lakefront also has 100 feet of private frontage and has three waterfront decks.
2724 Willow Point Drive, Delavan Lake located on the North Shore.
     The master bedroom includes a lakeside balcony and sitting room.  There is a sun porch, first floor bedroom and custom Kohler fixtures.  The home is located off a a quiet private drive and showcases detailed woodwork and custom stain glass.

Saturday, July 22, 2017

Slow Start for Home Sales on Delavan Lake, WI

     The first six months of 2017 have started slow for home and condominium sales on Delavan Lake, WI.  The lack of sales seems to be partly due to tight inventory and partly due to not having the type of product available that home buyers are searching for.
     In the first half of the year, there were only 22 sales with water frontage or lake access.  This compares to 27 in the first half of 2016.  Six of the homes sold were water frontage this year, with most being on either the inlet or a channel.  Prices ranged from $93,500 for a two bedroom remodel in the Delmar Subdivision to $635,000 for a Floridian-style three bedroom walk-out ranch just off of Browns Channel.
     Sales of condos also have started slow for the year.  There were eight sales of condominiums with water access in the first half of 2017 compared to 10 in the first half of 2016.  Prices ranged from $75,000 for a two bedroom unit in the Delavan Lake Resort to $274,000 for a three bedroom unit in the Delavan Gardens complex.
     Inventory is still limited with only 62 lakefront or lake access homes available compared to 72 at this time last year.  Offerings for single family homes start at $89,900 for a two bedroom in need of repair in the Ravenswood Subdivision, at the west end of the lake, to a large estate on the north shore with five bedrooms, 5.53 acres, 410 feet of lakefront and an extensive wine cellar that is being offered for $2.9 million.
     There are 23 condos with water access compared with 24 last year.  Prices range from $59,900 for a one bedroom condo/hotel unit in the Delavan Lake Resort to $321,900 for a three bedroom, three bath model in Delavan Gardens on the north side of the lake.
     So what's the best value out there?  If you are looking for a lake access property, the best value is located at 2934 South Shore Drive.  This three bedroom, two bath home features a large first floor master suite, hardwood floors on the main level, soaring fireplace and cathedral ceiling and lake access through the Delmar Association that includes boat launch, swim pier and beach area.  The home is being offered for $239,000 and also includes a spacious two car garage.
2934 South Shore Drive, Delavan Lake, WI
Swim pier in the Delmar Subdivision, Delavan Lake, WI

     The best value for a lakefront home on Delavan is located at 2308 Lakeshore Drive.  An adorable four bedroom summer starter, this modern two-story has an open concept and lake feel that buyers are looking for.  It has 40 feet of private frontage on the South Shore including a pier, master suite with balcony and quaint covered porch overlooking the water.  Listed for $549,000 the home is ready to use and offers buyers an affordable, minimal maintenance way to enjoy the lake.
2308 Lakeshore Drive, Delavan Lake, WI
Lake views from 2308 Lakeshore Drive, Delavan Lake, WI

Thursday, June 15, 2017

Entry Point To Delavan Lakefront Homes

     Dreaming of a lakefront retreat on Delavan Lake, WI?  In order to be on the main body, the starting point is about $500,000.
     Two great offerings will give you expansive lake views, private frontage and your own pier for boats and other lake toys.
2308 Lake Shore Drive, Delavan Lake, WI 
     The first of these waterfront properties is located at 2308 Lakeshore Drive, which is located on the south shore of Delavan Lake.  Listed for only $549,000, this four-bedroom, two-bath two-story, is an update escape ready to enjoy.
     The main floor has an open floor plan with views to the water from the kitchen and great room.  A cozy covered porch is perfect for taking in the sunset and swimming is encouraged directly off the pier.
Swimming is encouraged off the pier at 2308 Lake Shore Drive
     There is a first floor bedroom along with three additional on the second level.  The two upper guest rooms both have views of the water and the master suite has a private balcony with room to relax with morning coffee or an afternoon glass of wine.
Open concept dining and living area at 2308 Lake Shore Drive, Delavan Lake, WI
     The property was created to be maintenance free with vinyl siding and a small yard area.  There is parking for four cars and a lakefront park close by that has a sandy beach and additional space for lawn games.
     The second offering is across the water and is located at 2508 North Shore Drive.
Two decks of enjoyment at 2508 North Shore Drive, Delavan Lake, WI
     More of a traditional lake home, this two-bedroom cape cod has undergone a face lift with new siding, roofing and two levels of decks.  It is priced at $555,000 and is located within walking distance to local clubs, a wine bar, and the Delavan Lake Yacht Club.
Private pier for 2508 North Shore Drive, Delavan Lake, WI
     In addition to two large upper bedrooms, the property features an enclosed front porch with sweeping views of the water and a detached garage large enough to store a boat.
     The interior features solid wood floors in the kitchen and dining area, a natural fireplace and two full bathrooms.  The great room has lake views and leads out to a large waterfront deck for entertaining.
Looking right out to the water from enclosed porch at 2508 North Shore Drive, Delavan Lake, WI
     Both properties are ready to move in and start enjoying immediately and are priced $90,000 less than anything else available on the main body of Delavan Lake.

Tuesday, May 2, 2017

This may be the perfect Delavan Lakefront Home

     When talking with home buyers about their perfect lakefront home, there are many features that are repeated over and over.  Level frontage.  First floor master suite.  Walk out lower level.  Sweeping lake views.  Open concept.  Screen porch and open deck.
     There is only one home on Delavan Lake, WI that checks all of these boxes and more.  The prize property is located at 2501 South Shore Drive and has been recently listed for $1,950,000.
2501 South Shore Drive
Click here for a tour of the perfect lakefront home.
     Placed on the center of the south shore, the panoramic views rival any on the lake.  From the great room,  you can see from the Island, to Lake Lawn and observe all the sailing activity at the Yacht Club directly across the water.
     It's grand entrance, off of South Shore Drive, is an impressive welcoming statement.  When you open the front door, you are greeted with immediate lake views, an open concept living area, walnut flooring, custom cabinetry and soaring ceilings.
First floor master suite with private balcony and cathedral ceiling.
     To the left is the first floor master suite, with dual walk-in closets, on-suite office area and private waterfront balcony.  To the right is the gourmet kitchen with screen porch off the lake side and a first floor laundry.
     Three additional bedroom suites each have lake views.  Two on the upper level are separated by a loft area with water views.  The fourth bedroom is on the lower level that walks out to the water and is located just beyond the family room area that  is attached to a patio space with hot tub and lake access.
Walk out lower level with patio and second fireplace.
     Smart design put a full bath off the lakeside for convenient swimsuit change and there is a huge storage area with outside entrance for water toy and deck furniture storage.
     Nothing is lacking from this lake home that includes a three car attached garage and an additional detached boat garage with two overhead doors that allows you to drive right through with your trailer attached.

Tuesday, April 11, 2017

Waterfront Home Values on Delavan Lake, WI

     It is the start of the lakefront selling season and many are hoping to snag a value before the start of the summer season.  The time for value is here on Delavan Lake, Wisconsin.
     Three homes on the water have recently been reduced, creating some intriguing buying opportunities.  Each seller is moving out of the area and that has led to some dramatic discounting.
     Starting off for just over $300,000 is a lake home with minimal maintenance and plenty of enjoyment potential.  Located on a main channel feeding into the lake, the home enjoys calm water regardless of how stormy it gets on the main body.  Its as though you have your own little marina right in your back yard.
4320 East Drive, Delavan Lake, WI
click here for a tour of this property
     The house sits just a few properties back from the main part of the lake with easy boat access to the wake boarding and water skiing action, yet allows you to retreat to your private space to entertain guests and family.  A two-story colonial with two first floor bedrooms, the open concept living and dining area both look out to the water and natural fireplace in the great room.  A spacious loft area on the second level leads into a third bedroom and play area.
Natural fireplace with loft overlooking the great room.
     You can find this bargain at 4320 East Drive on the south shore of Delavan Lake.
     Also located on the south side of the lake is one of the least expensive homes on the main part of
Delavan Lake.  This home, found at 2308 Lake Shore Drive, is just steps from the water and features four bedrooms and a private pier that can hold two water craft.
2308 Lake Shore, Delavan Lake, WI
click here for a tour of this property
     This property is priced at only $534,000.  The home has a Nantucket feel with white pillars on the covered porch and an expansive upper deck accessed exclusively by the master suite.  Views from this master balcony provide a relaxing setting for a morning cup of coffee or an evening glass of wine.
View from the balcony at 2308 Lake Shore
    On the main floor is a wide open floor plan with water views from all angles.  The wide plank wood floors give a cottage feel while the recent updates offer modern conveniences.  Compact and efficient, this home is comfortable for both a large family or a couple's get-a-way.
Space for entertaining at 2308 Lake Shore, Delavan Lake
     Traveling to the north side of Delavan Lake you will find the third Spring value.  This one is located at 1522 Hiawatha Drive and is the largest of the three.  Newly constructed in 2003, this three-bedroom home has vaulted ceilings, a natural fireplace and an open concept layout.  It is being sold furnished for $709,000 including furniture, kitchenware, boat lifts and private pier.
1522 Hiawatha Drive, Delavan Lake, WI
click here to tour this property
     The property has 39 feet of shoreline, an attached three-car garage and an additional lot that can be used for parking and lawn games.  Two bedrooms are located on the main floor and the second floor loft has a bedroom suite and small sitting area with lake views.
Panoramic lake views at 1522 Hiawatha Drive, Delavan Lake, WI
     If the main two levels don't have enough space, there is a full basement with the ability to add a fourth bedroom, full bath and recreation room with fireplace.
     Each of these lakefront values are being sold at a discount compared to similar properties and are ready to use and enjoy immediately.

Friday, March 31, 2017

Price Reduction on Delavan Lake waterfront home

     If you want to be directly on the water, but haven't quite gotten to the point where you can afford a million dollar property, a lake home on a channel or tributary may be a great starting point.  Delavan Lake has a number of properties on three lake access points that give the lake life opportunity for a fraction of the price of the main body.
     The three areas for Delavan are the Inlet, the Outlet, and Brown's Channel.  The water coming into Delavan Lake either comes from the Inlet, which is fed by Jackson Creek, or by Browns Channel, which is fed by Browns Creek.  The water then leave the lake through the Outlet where the Borg Road Dam is located.
     For properties on the Inlet and the Outlet, a boater has to contend with a bridge in order to get to the main body of water.  For those living on Browns Channel, it is a clear shot to the main body without a bridge to be concerned with.
4320 East Drive on Browns Channel of Delavan Lake
     An example of an affordable home on Browns Channel can be found at 4320 East Drive.  Built in 2005, this charming two-story has wood floors on the main level, a first floor master bedroom, open concept kitchen and living area and a cozy natural fireplace.
Open Concept with Natural Fireplace
     The upper level is designed with an open loft sitting area, open loft bedroom space and a traditional bedroom with full bathroom.  The loft area looks down into the great room with views of the fireplace and water frontage of Brown's Channel.
Boat lift waiting for your craft to head out to Delavan Lake.
     The advantages of this home include carefree maintenance of its cement board siding, affordable price of $309,000, and best of all... your boat just steps away from the patio.  Owners like to brag that they leave the car keys on the counter, pick up the boat keys, and head right out to the lake.
     Nestled in the safe, social community of South Shore Manor, the home also has access to a park at the end of a peninsula that jets out into the main body of Delavan Lake.  At this park you will find a beach, picnic area and a fishing pier.  If the same home was available on the main body of Delavan Lake, it would be offered for twice as much.

Tuesday, March 28, 2017

New Delavan Lake Listings Spring Up in Tight Wisconsin Real Estate Market

     Spring is here with a number of fresh listings on Delavan Lake, WI.  With inventory at historic low levels, some of the lakefront sellers are trying to retest the market after failing to sell last year.  Condo owners seem to be looking for a quick sale and are pricing at the market rate.
     The newest offerings range from a one bedroom condo to a 8,000 square foot lakefront.  If you are looking for value, choose the one bedroom.
1457 Delavan Club
     Listed for only $139,900 the one bedroom unit, in the Delavan Club, is a solid value for those that want to try the lake life without the long term commitment.  The association includes the best outdoor pool on the lake, tennis courts, pier system, boat launch and a two-story club house that has amenities found in local health clubs such as a sauna, steam room and exercise room.
2235 Landings Lane in the Geneva Landings Comples
Click here for a tour of this condo
     Moving up the condo ladder is an updated two bedroom unit in the Geneva Landings complex, which is located adjacent to Delavan Club.  The advantage for Geneva Landings is a shorter wait for a boat slip (about one year instead of seven) and a bit more of an architectural appeal for the buildings.  The condo, selling for $234,900 has a main floor master suite and a spiral staircase up to a loft that holds a second bedroom and full bathroom.  The Geneva Landings complex also has a pool and exercise room but lacks tennis courts and locker rooms.
     Two new lakefronts also have come to the market.  Both have been listed previously with neither receiving offers due to serious defects in design and quality of the homes.
2582 North Shore Drive
     The first is located at 2582 North Shore Drive.  Also known affectionately as "Concrete Point" the property contains a quaint Victorian in need of a number of repairs.  The house is slipped into an irregular lot along a shared driveway but has panoramic lake views and a seawall that includes a concrete patio at the point - hence the name.  The property will be a major project for someone who falls in love with the architecture and has the time, energy and money to restore it to its grandeur.  Previously listed at $799,000 the property has now been reduced to $725,000.
2938 North Shore Drive
    The most recent lakefront to hit the market is a convoluted number of additions put together with limited planning or design.  The home is located at 2938 North Shore Drive and is listed for an incredible $2.9 million.  Featuring a steep, wooded slope that most home buyers avoid, the home is over 8,000 square feet of a maintenance project with rotted wood and dated interior.  The tiny kitchen is sandwiched in the middle of the home and in need of some remodeling.  Better values can be found for a million dollars less.