Delavan Lake Real Estate Sales off to Slow Start
Sales of Delavan lake properties are lower for the first
half of the year and inventory continues to fall. Prices of the waterfront homes have held
steady, while the lake access homes have fallen to a bargain level due to some
remaining foreclosures.
HOME SALES
For the first six months, there were four lakefront
properties sold and 20 lake access properties sold. Last year at this time, there were seven
lakefronts sold and 15 lake access properties sold. The lake access properties this year ranged
from a $49,000 three-bedroom cottage in the Delmar subdivision to a newer $330,000
three-bedroom two-story along 90’ of Browns Channel. The lakefront sales included a $500,000 three-bedroom
cottage situated on 100’ of prime South Shore frontage and topped out at $950,000
for four-bedroom North Shore home on 102’ of frontage.
This home along Browns Channel sold for $330,000 |
CONDO SALES
Delavan Lake condominium sales are down from last year. There have been nine sales this year compared
to 11 the prior year. Sales ranged from
three $17,000 condo/hotel units to a $285,000 three-bedroom, three-bath, two-story
in the Delavan Gardens that included a boat slip and an attached two-car
garage.
CURRENT MARKET HOMES
There are 71 single family homes on the market with
lakefront or lake access on Delavan Lake.
This is down from 88 last year and 100 in 2012. The lake access properties start at $74,900
for a three-bedroom foreclosure in the Highlands Subdivision and increase to $749,000
for a five-bedroom, four-bath home in the Belrock enclave along Delavan’s South
Shore. The association shares over 300’
of pristine frontage and each of the eight homes in the complex has a boat slip. Lakefront homes on the main body start at $450,000
for a three-bedroom tear-down at the end Alpine Lane to $1,599,900 for a lakefront
estate resting on 132’ of North Shore frontage that features five-bedrooms,
lush gardens, private waterfall, and two four-car, heated, garages.
Five-bedroom South Shore home currently available for $749,000 |
CURRENT MARKET CONDOS
In the condo arena, there are 18 units for sale, which is down
from 24 last year. The properties range
from a $75,000 one-bedroom condo/hotel in Lake Lawn Resort to $299,000 for a three-bedroom
two-story in the popular Delavan Gardens complex off of North Shore Drive.
BEST VALUE CONDO
The best value for a condo on Delavan is located at 2232 Landings
Lane. Listed at $174,500, this one-bedroom
unit is ready to enjoy with an open concept design, white brick fireplace,
granite counters, and balcony overlooking the Delavan Outlet. The complex features boat slips, an outdoor
pool and exercise facilities.
BEST VALUE LAKEFRONT
The best value for a Delavan lakefront is located at 1522
Hiawatha Drive. This three-bedroom home
sits in a gentle bay on the North Shore, includes a three-car garage, expansive
lake views and ample parking. Listed at
$799,000, this newly-built home is a great care-free starting point for the
lakefront home buyer.
1522 Hiawatha Drive on Delavan's North Shore listed for $799,000. |
Video tours of Delavan Lake Properties can be seen at:
Comments