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

     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 bedroom unit in the Geneva Landings complex, which is located adjacent to Delavan Club.  The advantage for Geneva Landings is a shorter wait for a boat slip (about one year instead of seven) and a bit more of an architectural appeal for the buildings.  The condo, selling for $234,900 has a main floor master suite and a spiral staircase up to a loft that holds a second bedroom and full bathroom.  The Geneva Landings complex also has a pool and exercise room but lacks tennis courts and locker rooms.
     Two new lakefronts also have come to the market.  Both have been listed previously with neither receiving offers due to serious defects in design and quality of the homes.
2582 North Shore Drive
     The first is located at 2582 North Shore Drive.  Also known affectionately as "Concrete Point" the property contains a quaint Victorian in need of a number of repairs.  The house is slipped into an irregular lot along a shared driveway but has panoramic lake views and a seawall that includes a concrete patio at the point - hence the name.  The property will be a major project for someone who falls in love with the architecture and has the time, energy and money to restore it to its grandeur.  Previously listed at $799,000 the property has now been reduced to $725,000.
2938 North Shore Drive
    The most recent lakefront to hit the market is a convoluted number of additions put together with limited planning or design.  The home is located at 2938 North Shore Drive and is listed for an incredible $2.9 million.  Featuring a steep, wooded slope that most home buyers avoid, the home is over 8,000 square feet of a maintenance project with rotted wood and dated interior.  The tiny kitchen is sandwiched in the middle of the home and in need of some remodeling.  Better values can be found for a million dollars less.

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