Summer Heats up Sales on Delavan Lake, WI

     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 Shore Drive, 2804 Manor Lane is a four-bedroom two-story waiting for the next owner to remodel and redecorate to take advantage of the 100 feet of level frontage that the property enjoys.
2804 Manor Lane, Delavan Lake with 100 feet of South Shore frontage.
      A newer structure, built in 1986, the home has served as a full time residence and features a spacious lakefront deck with hot tub and expansive lake views.  The property is priced at $799,000.
     The North Shore option is 2724 Willow Point Drive.  Listed for $825,000 this classic four bedroom lakefront also has 100 feet of private frontage and has three waterfront decks.
2724 Willow Point Drive, Delavan Lake located on the North Shore.
     The master bedroom includes a lakeside balcony and sitting room.  There is a sun porch, first floor bedroom and custom Kohler fixtures.  The home is located off a a quiet private drive and showcases detailed woodwork and custom stain glass.

Comments

Post a Comment

Popular posts from this blog

Top Five Lakefronts On Delavan Lake, WI

Image
     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 S
Read more

Delavan Lake Sales Fall in First Half of 2022

Image
  The first half of 2022 showed a drop in Delavan Lake real estate sales from the prior year due to a lack of inventory. For the first six months of 2022, there was only one lakefront sale compared to eight in 2021.   For lake access properties, there were 19 homes sold in 2022 while there were 25 sold the prior year. The only lakefront property to change hands was a five bedroom home on the South Shore that sold for $2,261,000.   The property had 95 feet of lake frontage and eight garage stalls. The only sale for the first half of 2022 was located on the South Shore of Delavan Lake The sales of lake access properties ranged from $96,000 for a two-bedroom cottage in the Delmar Subdivision on the south side of the water to $580,000 for a large two-bedroom home in Assembly Park on the north side of the lake with expansive views and deck space. For Delavan Lake condos, there were 20 units sold in the first half of 2022 compared to 17 units last year.   Prices ranged from $45,000 for
Read more

Delavan Lake First Half 2023 Real Estate Update

Image
      Sales of Delavan Lake properties remained constrained for the first half of 2023.    The lack of inventory was the main culprit along with home owners reaching for excessively high valuations.      For the first half of the year, we saw three lakefronts sold compared to only one last year.    Interestingly enough, the value of the one sold last year exceeded the total sales price of the three sold this year.      Lake access sales were equal with 19 homes being sold this year and 19 being sold last year as well.    The price range for lake access homes sold this year started at $124,000 for a small cottage in the Delmar subdivision and increased to $460,000 for a three bedroom ranch in the Ravenswood subdivision at the west end of the lake.    The home in Ravenswood originally listed for $545,000.      Lake Access Condo sales slowed to 13 in 2023 compared to 20 in 2022.    Units ranged from $43,400 for a condo/hotel room in the Lake Lawn Resort to $410,000 for a two bedroom condo
Read more