Delavan Lake 3rd Quarter Summary
Delavan Lake property sales are up 17 percent this year
compared to last. Activity remains
strong and viewings of listings show that there remains a healthy interest in
area real estate.
HOME SALES
For the first nine months, there were 17 lakefront properties sold and
25 lake access properties sold. Last year
at this time there were only 12 lakefronts sold and 23 lake access properties
sold. The sold lake access properties ranged
from a $53,000 two-bedroom dilapidated foreclosure in the Delmar Subdivision to
a $250,000 dated three-bedroom ranch in Lakewood Estates that included a boat
slip on the Outlet. The lakefronts sales
ranged from a $267,000 three-bedroom, one-bath remodeled home with 90 feet of
frontage on Delavan Inlet to a $1,250,000 four-bedroom, five-bath property with
an in-ground swimming pool and 100 feet of prime, level frontage on South Shore
Drive.
CONDO SALES
There have been 12 Delavan Lake condo sales so far this year
compared to 11 last year. Sales ranged
from a $20,000 condo/hotel unit in the Delavan Lake Resort to a $234,900 two-bedroom,
two-bath, walk-out Garden unit in Geneva Landings.
CURRENT MARKET HOMES
There are 89 single family homes on the market with lakefront or
lake access on Delavan
Lake . This is the same number as last year at this
time. Prices of the offerings are lower,
however, this year. The lake access
properties start at $68,000 for a two-bedroom teardown in the flood-prone area
of Delavan Highlands Subdivision and increase to $419,000 for a four-bedroom, four-bath,
beautifully maintained home in Windtree Acres with a boat slip on the North
Shore. Lakefront homes start at $150,000
for a one-bedroom retreat just off of Brown’s Channel and increase to $1,699,900
for a four-bedroom, five-bath remodeled English Tudor with 124 feet of level
frontage on Delavan’s South Shore.
CURRENT MARKET CONDOS
If you are looking for a condo, there are 23 units for sale, which
is down from 48 last year. The reduction
is due to units in Lake Lawn Resort being pulled off of the market. The properties range from a $24,500 one-bedroom
condo/hotel in the Delavan Lake Resort to $299,900 for a three-bedroom,
three-bath unit in Delavan Gardens that includes a two-car garage and boat slip
with lift on the main body of North Shore.
BEST VALUE CONDO
The best value condo is located at 1466 Delavan Club Drive. Listed at $209,000, this two-bedroom,
two-bath unit is priced ten percent below sales of similar units and has direct
water views from a private balcony off the great room. The unit has a gas
fireplace, deck, pier, boat launch, swimming pool, tennis courts and club house. In addition, there is a detached one-car
garage.
Club House at Delavan Club condo complex |
BEST VALUE LAKEFRONT
The best value for a Delavan lakefront is located at 2305 Lakeshore
Drive on Delavan’s South Shore. This two-bedroom
deal is listed for $395,000 and includes two piers off of a concrete seawall,
remodeled interior with wood floors, granite counters, master bedroom balcony
and a secret sleeping space.
View of main body from 2305 Lakeshore Drive master balcony. |
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