Saturday, September 8, 2012

Delavan Lake Breaks the $600,000 Barrier

     If you want a nice lakefront property on Delavan Lake, even with minimal frontage, it will cost you at least $600,000.  Or at least that is the way it used to be.
     This week, a completely renovated three-bedroom, two-bath lakefront on 47 feet of meandering frontage came on the market for a mere $559,000.
     The property, located at 2210 Fleming Drive, was purchased by a builder, out of foreclosure earlier this year and has been transformed into a stellar lakefront deal.  Sitting on prime North Shore frontage, this completely renovated home features wood floors throughout, a large brick lakeside patio and great yard space for volley ball, football or lounging around.

     The combination dining and great room feature cathedral ceilings and water views along with sliding patio doors to the waterfront. The open concept kitchen contains a breakfast bar, granite counters, stainless steel Whirlpool appliances, high-end cabinetry and a bright sunny exposure. 

     In the master suite you will find wood floors and a private bath with a large two-person tile shower.  All tastefully decorated and ready to move in and enjoy.
     The back bedroom boasts built-in-bunks and a bunk loft to comfortably sleep six.  Nautical and nice is the theme throughout.
     Down at the water is a private beach and pier for frolicking in the surf.  At the road side is an attached two-and-a-half car garage for storage, toys and parking.

Monday, September 3, 2012

Delavan Lakefront Sellers Resort to Discounts

     The Delavan lakefront real estate market has been as tough this year as the drought and heat have been on the local corn crop.  After a strong 2011, the activity on Delavan Lake has shriveled up like the fields in the August heat averaging only one sale per month.  This is half the rate of sales Delavan Lake saw the previous year.
     Just this week, Delavan saw the first sale in September.  The real estate bargain was a heavily discounted lakefront with 150 feet of prime South Shore real estate.  Owned by the Stephens family of Rosemont, Illinois, this lakefront estate featured three homes and a gated entrance off of South Shore Drive.

     Originally listed for $2,999,900 in 2009, the home succumbed to the lack of buyers and was snatched up for a mere $975,000.  The property consisted of a five-bedroom main house built closest to the water, a three-bedroom guest house and a three-bedroom gate house next to the road.  All structures were well maintained and in good condition.
     Serious sellers will surely be adjusting their prices if they want to move their properties before the snow flies.