Friday, October 30, 2015

New Delavan Lake Price Reductions

     The end of the year often brings some price reductions to Delavan lakefront homes as well as Delavan lake access properties.  This year is no exception with four lakefront homes taking action and one lake access property dropping the offering price by 10 percent.
     The lake access property adjusting the offering price is located at 2218 South Shore Drive.  This unique property consists of a three bedroom brick ranch on one side of the road and ten feet of lakefront on the other.  The family that enjoyed this home has had their private pier on the ten foot section giving them a prime spot to keep their motor boat.  Originally listed for $330,000, the owners have reduced the price down to $299,900 making this an affordable full-time residence or summer get-away.
2218 South Shore Drive
     The main body listing price reductions include a compact four-bedroom on 40 feet of South Shore frontage that has been adjusted to $564,000 from $585,000.  The property has a clean lake feel with a first floor bedroom, great room and open concept kitchen.  The covered porch is an ideal place to enjoy the lake activity and sunsets.
2308 Lakeshore Drive
     Over at 2524 North Shore Drive is a four bedroom on 80 feet of frontage that has been brought down to $765,000 from an initial list of $859,000.  This property blends old with new as the front room enjoys the charm of leaded glass windows, bead board and wood beams while the back of the house has been renovated to include a larger kitchen area and family room with wood burning stove.
2524 North Shore Drive
     Willow Point has an offering at $869,000 that has been reduced from a starting price of $1,095,000.  This property has 100 feet of frontage and three levels that face out to the water.
2724 Willow Point Drive
     The final reduction is located at 3307 South Shore Drive.  This magnificent prairie-style home is set on 3.7 wooded acres, has 200 feet of frontage, six bedrooms, eight baths, spacious first floor master suite, five fireplaces, billiard room and theater room.  It initially came on the market for $3.4 million and has now been adjusted to $2,950,000.
3307 South Shore Drive

Wednesday, October 14, 2015

Firm Delavan Lake Home Third Quarter Activity


     There was little change year over year in sales activity on Delavan Lake for the first nine months of the year.  Inventory has held relatively constant and sellers are staying firm on prices.

HOME SALES
     Over the first nine months of 2015, there were 12 lakefront properties sold and 31 lake access properties sold.  Last year there were 13 lakefronts sold and 31 lake access properties sold by the end of September.  The lake access properties that sold this year ranged from a $50,000 two-bedroom cottage in the Delmar Subdivision to a $425,000 five-bedroom, three-bath in Assembly Park featuring a large front porch and lot.  The highest and lowest sales were in the same subdivisions last year. Lakefronts sales ranged from $242,500  for a three-bedroom home on the Inlet to a $1,599,000 four-bedroom, three-bath North Shore estate that included 150 feet of level frontage and a boathouse with a rooftop patio.
Recently sold Delavan Lakefront for $1,599,000

CONDO SALES
     There have been 13 Delavan Lake condo sales so far this year compared to 15 last year.  Sales ranged from a $40,000 condo/hotel unit in the Lake Lawn Resort to a $220,000 three-bedroom, three-bath, unit in Delavan Club. 

CURRENT MARKET HOMES
     There are 66 single family homes on the market with lakefront or lake access on Delavan Lake.  This is down from last year’s number of 73 homes for sale and 89 in 2013.  List prices of lake access properties start at $63,500 for a two-bedroom rental on Fleming Drive and increase to $329,000 for a four-bedroom, three-bath, vacation home in the Delavan Highlands.  Lakefront homes on the main body of the lake start at $299,000 for a one-bedroom cottage off of Brown’s Channel Point and increase to $2,950,000 for a five-bedroom, estate on 200 feet of South Shore frontage.
 
Interior view of office in the estate at 3307 South Shore Drive, Delavan Lake
Click here for a virtual tour
CURRENT MARKET CONDOS
     There are currently 20 condominium units for sale, which is up from 17 last year.  The properties range from a $49,500 one-bedroom condo/hotel in Delavan Lake Resort to $295,000 for a three-bedroom, two-bath Garden unit in Geneva Landings. 

BEST VALUE CONDO
     The best value condo is located at 1525 Delavan Club Drive.  Listed at $227,500, this two-bedroom, three-bath unit is being sold furnished and includes lake views from all three levels and a private master bedroom balcony.  The complex comes with a pier, boat launch, swimming pool, tennis courts and club house. 
 
Best value for a Delavan Lake condo at 1525 Delavan Club Drive
Click here for a virtual tour


BEST VALUE LAKEFRONT     
     The best value for a Delavan lakefront is located at 1531 Cedar Point Drive.  This seven-bedroom, five-bath home is listed for only $799,000.  The home has 60 feet of private lakefront, spacious enclosed front porch, natural fireplace, walk out basement and over-sized garage. 
Best value for a Delavan Lakefront at 1531 Cedar Point Drive
Click here for a virtual tour

Thursday, October 8, 2015

Oktoberfest/Halloween on Delavan Lake

     OKTOBERFEST
     Delavan Lake will be celebrating Oktoberfest this year on October 24, 2015 at the Town of Delavan Community Park.  The event will be held from 4:00 to 8:00 pm and will feature German food, drink and entertainment.
     There is no admission charge to the event and all ages are welcome. The Town of Delavan Community Park is located at the corner of Hwy 50 and South Shore Drive on Delavan Lake.
     A variety of German food will be available for purchase throughout the evening along with a selection of German deserts and German beer and wine.  Soft drinks will also be available along with coffee.

     The main entertainment will be The Steve Meisner Band.  The music will start at 5:00 pm and include polka favorites that everyone can enjoy.
HALLOWEEN PARTY
     This year's Halloween activities will feature a Children's Halloween Costume Party on Sunday, October 25.  The party will be held from 3:00 to 5:00 pm at the Town of Delavan Community Park.
     Activities at this year's event include; hayrides, a magician, children's games, costume contest, snacks, candy and a clown.
     The event is free of charge and all children are welcome.
Oktoberfest and the Halloween Party are sponsored by The Town of Delavan Friends of the Parks, Shodeen Homes, Reeds Marine, Lake Lawn Resort, DelavanLakeProperty.com, Mercy Health Systems and Miller Lite.

Friday, October 2, 2015

Top Five Lakefronts On Delavan Lake, WI

     As the season changes to fall, it is interesting to see what are the five most expensive homes listed for sale on Delavan Lake.  With over 2,000 acres of recreation space, Delavan Lake is an all-sport lake in Walworth County, WI that is less than two hours from Chicago, Milwaukee, and Madison, WI.
     #1 - The most expensive listing currently available on Delavan Lake is located at 2938 North Shore Drive.  Listed at $3.3 million, the home sits on 410 feet of steep frontage and boasts one of the most elaborate wine cellars in North America.
2938 North Shore Drive, Delavan Lake
View from the Master Suite at 2938 North Shore Drive
     #2 - Coming in at number 2 is 3307 South Shore Drive.  Almost directly across the lake from the first home, this 10,000 square foot estate is listed for $2.95 million and includes six bedrooms, eight bathrooms and 200 feet of lakefront.
3307 South Shore Drive, Delavan Lake
Looking at the lake from the main floor office at 3307 South Shore Drive
     #3 - Listed for $1.99 million is 2501 South Shore Drive.  A custom built home offering 126 feet of lakefront, this property features a walkout lower level and expansive lake views.
2501 South Shore Drive, Delavan Lake
     #4 - New the market this week is 3105 South Shore Drive, which also has a price of $1.99 million.  With 5,000 square feet of living space and nearly five acres of real estate, this five bedroom, seven bath home is a trophy property.  Included are 121 feet of level frontage, in-ground swimming pool, and lakefront patio.
3105 South Shore Drive, Delavan Lake
Click here to take a video tour of this home.
Inside the Great Room at 3105 South Shore Drive, Delavan Lake
     #5 - The fifth most expensive property on Delavan Lake is located at 2329 South Shore Drive and is listed for $1.265 million.  With only 50 feet of lakefront and sitting next to a sanitary district lift station, the property is asking a rich premium compared to other offerings.
2329 South Shore Drive, Delavan Lake