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Showing posts from 2017

Geneva Landings on Delavan Lake a Great Starter

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     A comment often heard when buyers are considering a lake property is, “I don’t know how much I will use it.”  For those concerned with the number of trips they will make to a vacation home, a condo in the Geneva Landings complex may be a great option.      The complex is located on the outlet of Delavan Lake which leads directly into the main body.  Owners have access to boat slips and a boat launch along with an easy-to-enjoy boat valet service that has your craft ready and waiting for you whenever you want to go out.      The main reason that Geneva Landings is a great starter property is the carefree features of this condo development.  Lawn maintenance, snow removal, pool care and pier maintenance are all included in the monthly fee.  Owners can focus on enjoying Delavan Lake and not worry about the chores that can interfere with lake life.      Currently there are 10 units available in the complex.  The smallest unit is a one-bedroom on Landings Lane offered at $159,

End of season discounts on Delavan Lake properties

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     As the end of the year quickly approaches, we often see some discounting on properties that the owners don't want to carry over the winter months.  This year is no exception with a couple of particular note.      The first, which I call, the Ice Fisherman's Retreat, is located at 2808 Mabie Street, just off of the South Shore.  Recently remodeled, this cozy two bedroom has all the essentials for an Ice Fishing base camp... Heat.       Well actually, it has more than just a new furnace.  The house is surrounded by a chain link fence for secure toy storage, a detached garage, for secure toy storage, and a long paved driveway, for secure toy storage. 2808 Mabie Street could be your Ice Fishing Base Camp      Priced at only $127,500 the property is in the Delmar Association that includes a boat launch that is perfect for launching your Ice Fishing Shanty in the winter and jet skis in the summer.      Inside is enough room for weary fishermen and women to unload their

New Local Store For Delavan Lake Apparel

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     Those wanting some Delavan Lake apparel and gift items can now find a selection at The Delavan Lake Store just off of Delavan Lake, Wisconsin.   This cozy shop combines a local ice cream, candy, cheese and coffee shop with a relaxing wine and cocktail lounge in the same building. The Lounge at The Delavan Lake Store 2001 North Shore Drive, Delavan Lake, WI     First opened in 2016, the store converted a shuttered restaurant into an ice cream shop and has expanded its offerings to include sweat shirts, t-shirts, hats and bags with Delavan Lake imprints and messages.  Also available are mugs, cups, shot glasses, and custom made gift baskets. Shop online at www.DelavanLakeStore.com      Offerings on the lounge side include locally produced wines from Staller Estate Winery and The Apple Barn.  Wisconsin brews are also available such as ones from: New Glarus Brewing Company, Milwaukee Brewing Company, Lake Geneva Brewing Company, Lakefront Brewery, and Gray Brewing Company i

Delavan Lake 3Q Home Sales Drain Inventory

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HOME SALES For the first nine months of the year, sales of lakefront properties reached 22 units compared to only seven in 2016.  Prices ranged from $307,700 for a foreclosed three-bedroom on Manor Lane to $1.9 million for a magnificent newer construction along South Shore Drive.  The lack of inventory hurt the lake access homes with 33 selling in the first nine months of this year compared to 43 in the same time frame last year.  Prices ranged from $69,000 for a two bedroom summer cottage to $657,500 for a tricked out two-story in Assembly Park with direct lake views. CONDO SALES Activity for condos was also strong with 19 sales through the third quarter of 2017 compared to 15 in 2016.  Prices for condo sales ranged from $44,000 for a one-bedroom condo hotel unit in the Delavan Lake Resort to $310,000 for a three-bedroom unit in Delavan Gardens on the north shore that included a boat slip and lake views. CURRENT MARKET HOMES There are 45 homes currently on the market

Summer Heats up Sales on Delavan Lake, WI

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     Just as the temperatures started to rise, the lakefront home sales on Delavan Lake, WI took off and have now created a shortage of homes to choose from.      For the first six months of the year, there were only three sales.  Those ranged from a $307,000 foreclosure to a remodeled three-bedroom for $620,000 on the mouth of Browns Channel.      Once the mercury started to rise, sales expanded with 13 sales from July 1 through September 22.  Four more are under contract, including one infested with mold that should be torn down and rebuilt.  Prices of these sales ranged from $240,000 for a little one bedroom to $1.9 million for the perfect lakefront layout on 125 feet of level South Shore frontage.      The explosion in sales has left very few options for those that still want a lake home on 2,000 acre Delavan Lake.  Today, there are only 12 homes on the main body left unsold.  The best options include 2804 Manor Lane and 2724 Willow Point Drive.      Located just off of South S

Slow Start for Home Sales on Delavan Lake, WI

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     The first six months of 2017 have started slow for home and condominium sales on Delavan Lake, WI.  The lack of sales seems to be partly due to tight inventory and partly due to not having the type of product available that home buyers are searching for.      In the first half of the year, there were only 22 sales with water frontage or lake access.  This compares to 27 in the first half of 2016.  Six of the homes sold were water frontage this year, with most being on either the inlet or a channel.  Prices ranged from $93,500 for a two bedroom remodel in the Delmar Subdivision to $635,000 for a Floridian-style three bedroom walk-out ranch just off of Browns Channel.      Sales of condos also have started slow for the year.  There were eight sales of condominiums with water access in the first half of 2017 compared to 10 in the first half of 2016.  Prices ranged from $75,000 for a two bedroom unit in the Delavan Lake Resort to $274,000 for a three bedroom unit in the Delavan Gar

Entry Point To Delavan Lakefront Homes

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     Dreaming of a lakefront retreat on Delavan Lake, WI?  In order to be on the main body, the starting point is about $500,000.      Two great offerings will give you expansive lake views, private frontage and your own pier for boats and other lake toys. 2308 Lake Shore Drive, Delavan Lake, WI       The first of these waterfront properties is located at 2308 Lakeshore Drive, which is located on the south shore of Delavan Lake.  Listed for only $549,000, this four-bedroom, two-bath two-story, is an update escape ready to enjoy.      The main floor has an open floor plan with views to the water from the kitchen and great room.  A cozy covered porch is perfect for taking in the sunset and swimming is encouraged directly off the pier. Swimming is encouraged off the pier at 2308 Lake Shore Drive      There is a first floor bedroom along with three additional on the second level.  The two upper guest rooms both have views of the water and the master suite has a private balcony

This may be the perfect Delavan Lakefront Home

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      When talking with home buyers about their perfect lakefront home, there are many features that are repeated over and over.  Level frontage.  First floor master suite.  Walk out lower level.  Sweeping lake views.  Open concept.  Screen porch and open deck.      There is only one home on Delavan Lake, WI that checks all of these boxes and more.  The prize property is located at 2501 South Shore Drive and has been recently listed for $1,950,000. 2501 South Shore Drive Click here for a tour of the perfect lakefront home.      Placed on the center of the south shore, the panoramic views rival any on the lake.  From the great room,  you can see from the Island, to Lake Lawn and observe all the sailing activity at the Yacht Club directly across the water.      It's grand entrance, off of South Shore Drive, is an impressive welcoming statement.  When you open the front door, you are greeted with immediate lake views, an open concept living area, walnut flooring, custom cabinet

Waterfront Home Values on Delavan Lake, WI

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     It is the start of the lakefront selling season and many are hoping to snag a value before the start of the summer season.  The time for value is here on Delavan Lake, Wisconsin.      Three homes on the water have recently been reduced, creating some intriguing buying opportunities.  Each seller is moving out of the area and that has led to some dramatic discounting.      Starting off for just over $300,000 is a lake home with minimal maintenance and plenty of enjoyment potential.  Located on a main channel feeding into the lake, the home enjoys calm water regardless of how stormy it gets on the main body.  Its as though you have your own little marina right in your back yard. 4320 East Drive, Delavan Lake, WI click here for a tour of this property      The house sits just a few properties back from the main part of the lake with easy boat access to the wake boarding and water skiing action, yet allows you to retreat to your private space to entertain guests and family.  A

Price Reduction on Delavan Lake waterfront home

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      If you want to be directly on the water, but haven't quite gotten to the point where you can afford a million dollar property, a lake home on a channel or tributary may be a great starting point.  Delavan Lake has a number of properties on three lake access points that give the lake life opportunity for a fraction of the price of the main body.      The three areas for Delavan are the Inlet, the Outlet, and Brown's Channel.  The water coming into Delavan Lake either comes from the Inlet, which is fed by Jackson Creek, or by Browns Channel, which is fed by Browns Creek.  The water then leave the lake through the Outlet where the Borg Road Dam is located.      For properties on the Inlet and the Outlet, a boater has to contend with a bridge in order to get to the main body of water.  For those living on Browns Channel, it is a clear shot to the main body without a bridge to be concerned with. 4320 East Drive on Browns Channel of Delavan Lake      An example of an aff

New Delavan Lake Listings Spring Up in Tight Wisconsin Real Estate Market

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      Spring is here with a number of fresh listings on Delavan Lake, WI.  With inventory at historic low levels, some of the lakefront sellers are trying to retest the market after failing to sell last year.  Condo owners seem to be looking for a quick sale and are pricing at the market rate.      The newest offerings range from a one bedroom condo to a 8,000 square foot lakefront.  If you are looking for value, choose the one bedroom. 1457 Delavan Club      Listed for only $139,900 the one bedroom unit, in the Delavan Club, is a solid value for those that want to try the lake life without the long term commitment.  The association includes the best outdoor pool on the lake, tennis courts, pier system, boat launch and a two-story club house that has amenities found in local health clubs such as a sauna, steam room and exercise room. 2235 Landings Lane in the Geneva Landings Comples Click here for a tour of this condo      Moving up the condo ladder is an updated two bedroo

It's All About the Water

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     What makes one four-bedroom lakefront home worth more than another four-bedroom lakefront home?  If they are relatively the same age and about the same size?      For Delavan Lake homes, it is all about the water.      The premium priced homes on Delavan Lake have three important features.  First, they are on the main body.  The main body is the large part of the lake in contrast to the Inlet, Outlet or a channel. Second, the properties are located in the middle of either North Shore or South Shore.  The middle part of the main body is where the best water is located.  What do we mean by the best water?  This is where the lake bottom is made up of sand and rock.  With a sand or rock bottom, the water clarity is better, there is less vegetation and deeper water for boating and water sports. A lake bottom of rock and sand creates the best boating and swimming experience      The third characteristic of the higher priced lots is that they will have level frontage.  The m

Prices higher. Inventory lower on Delavan Lake, WI

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     The results are in for Delavan Lake, WI home sales in 2016.  The overall summary is that prices were up and the number of homes for sale is down.  The tight inventory is continuing to put pressure on prices as multiple offers on the same properties have put some houses in a bidding war. LAKEFRONT HOME SALES      More specifically, for all of 2016, there were 10 homes sold with water frontage compared to 17 in 2015.  On the main body of Delavan Lake, there were only 8 homes sold in 2016 compared to 13 the previous year.  This is the fewest number sold in the past five years and is mainly due to the number available for people to choose from.      As a result of the limited supply, the prices increased over the prior year on both ends of the spectrum.  The lowest price for a home on the main body of Delavan Lake in 2016 was $460,000 for a three bedroom two-story set on 50 feet of South Shore frontage.  The modest property is scheduled to undergo immediate remodeling by the new o