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.
    

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