Tuesday, January 14, 2020

Strong 2019 Delavan Lake Real Estate Sales Deplete Inventory


     The sales of Delavan Lake properties in 2019 has caused a shortage of homes available for the start of 2020.  For 2019 there were 20 homes on Delavan Lake that sold compared to 15 in 2018 and 25 in 2017.  Sales of lake access properties were also strong with 49 sales in 2019 compared to 45 in 2018 and 46 in 2017. 
     Sales of Delavan Lakefronts ranged from $247,500 for a tattered five bedroom cottage off of Bennett Street on the south shore to $1,586,304 for a custom new construction home just a short distance away.
     Lake access properties that sold in 2019 ranged from $42,000 for a decaying four bedroom on Orchard Street in South Shore Manor to $510,000 for a four bedroom two-story in Windtree Acres on the north side of the lake.  The Windtree property featured lake views from a wrap-around deck and a deep water boat slip.
     The sales of lake access condominiums also soared last year with 28 units sold compared to 20 in 2018 and 21 in 2017.  The units ranged from $47,000 for a one bedroom condo/hotel room in the Lake Lawn Resort to a gorgeous three bedroom unit with lake views in Delavan Gardens off of North Shore Drive.
1606 Wesbank Circle on the north shore of Delavan Lake, WI

     The strong sales over the last year have left the inventory of homes in a very weak position.  There are only five condominiums for sale compared to 10 at this time last year and 13 in 2018.
In regards to lakefront and lake access homes, there are only 18 currently on the market compared to 24 in 2019 and 33 in 2018.  This limited supply has pushed up prices across the board with many home owners holding out for top dollars.
Best Value Lakefront
     The best value for a Delavan Lakefront home is located at 2920 North Shore Drive.  Set on nearly two acres of wooded lakefront, this four bedroom, three bath walk-out ranch delivers privacy and excellent lake views.  The property is listed for $995,000 and includes both an attached two car garage and a detached four car garage.
2920 North Shore Drive, Delavan Lake, WI
click here for more information and pictures

Best Value Lake Access
     The best value for a Delavan Lake access property is at 4601 Highland Drive.  This newer four bedroom home has wood floors, a lake view and a boat slip in the Viewcrest Estates.  The home is offered for a price of $339,900.
Best Value Condo
     For the best value condo, there is only one choice.  That is because there is only one unit listed for sale that is not part of a condo/hotel.  The unit is located at 2236 Landings Lane in the Geneva Landings complex which is on the Delavan Outlet.  The two bedroom unit, has been completely updated with two master suites a waterfront balcony and short waiting list for a boat slip.  The unit is available for $259,900.
2236 Landings Lane is the best value condo on Delavan Lake
Click here for additional information and pictures


Wednesday, October 30, 2019

Year End Delavan Lake Bargains

     Often the end of summer brings some great values on Lakefront and Lake Access homes around Delavan Lake.  This year, there is the opportunity to pick up some projects that need a little remodeling, but represent a great value.
     First is the one bedroom cottage in the Delavan Inlet.  With space inside enough to create two decent size bedrooms, this year-round home could be a cute get away with some new siding and interior remodeling.  The home is located at 307 Breezy Street, is listed for $114,500 and includes a one car garage.
Click here for additional information on 307 Breezy Street, Delavan Lake, WI
     Next is a four-bedroom two-story located across the street from Turtle Lake, WI.  Turtle Lake is a quick 15 minute drive north of Delavan Lake.  It is an all sport lake that has great water quality and good fishing action.  The property, located at N6510 Anderson Drive, has lake views from the lawn and second story deck and two family room spaces for entertaining.  The property is listed for $159,999 and needs minimal updating.
N6510 Anderson Drive could be your lake retreat.
Click here for more details
     Lastly, is a unique lakefront property which is located at 3010 North Shore Drive.  Split off from a larger lakefront home, this four-bedroom, Prairie-style structure offers a large master suite, generous yard space and a 100 foot lakefront park.  The property has its own private pier and boat shed at the waters edge.  Offered at $700,000, this lakefront just needs some updating in the kitchen to be a show piece for family and friends.
3010 North Shore Drive, Delavan Lake, WI offers affordable lakefront enjoyment.
Click here to see the details.

Wednesday, October 16, 2019

Enjoy Lake and Luxury with this Custom Estate


     With its proximity to Delavan Lake, this Frank Lloyd Write-inspired estate offers both lake living and county comfort.  From the unique architectural details, to the spacious entertaining areas, the home offers an impressive array of enjoyable features. 
  
2129 Linn Road, Delavan Lake, WI
Click here to tour this custom home
     The grand entrance, through the brick-lined patio and circular drive, leads to a spacious great room, with cathedral ceilings, field stone fireplace and built-in cabinetry. 

Great room at 2129 Linn Road, Delavan Lake, WI
     Down the living wing, is an airy master suite with over-sized windows, multiple closets, custom tile work, and both a soaking tub and walk-in shower.   A cleverly designed children’s room features a play loft and integrated study space. 
Spacious master suite
     Stroll over to the guest wing and you are greeted with a suite with attached bath, a sitting room with second fireplace, and the entrance to the grand game room with a wall of windows looking out on a yard designed for your enjoyment.  Raised flower beds enhance the landscape.  A radius Trex deck offers a significant entertaining area of the back of the home and features a masonry fire-pit, integral lighting and a view to the Patagonia-style grilling area.
Expansive deck area is perfect for entertaining.
     The attached four-car garage offers more than enough space to store boats and other water toys.  The lake is only two blocks away, and nearby marinas and the Delavan Lake Yacht Club make it easy to enjoy the summer activities without a long commute.
2129 Linn Road, Delavan Lake, WI
     Located at 2129 Linn, Road, just off of North Shore Drive, the exclusive residence is being offered for $765,000.

Friday, October 4, 2019

Delavan Lake Real Estate Update

     The Delavan Lake real estate market picked up over the first nine months of 2019 compared to the previous year, but sales were still held back by the lack of inventory in all areas.

LAKEFRONT SALES

     Lakefront home sales for the first nine months of 2019 totaled 13 units compared to only seven sales for that time period in 2018.  Prices this year started at $270,000 for a cute two-bedroom on the Delavan Lake Inlet and topped out at $1.4 million for a distressed six-bedroom North Shore property that included 453 feet of frontage and 8.7 acres.  The North Shore property was initially listed for $3.3 million.

Recently sold for $1.4 million, this Delavan Lakefront deteriorated over the years.

LAKE ACCESS SALES

     Homes with lake access on Delavan also saw increased activity with 2019 nine month totals coming in at 37 compared to 32 sales last year.  The homes ranged in price from $90,000 for a two-bedroom cottage in the Inlet Oaks Subdivision to $510,000 for a four-bedroom custom home in the Windtree Association located off of North Shore Drive.

CONDO SALES

     Sales of lake access condominiums also improved with sales through the first nine months coming in at 22 units compared to only 15 sold in 2018.  The prices for condos began at $46,000 for a condo/hotel room in the Lake Lawn Resort and topped out at $350,000 for a three-bedroom 2,200 square foot unit in Delavan Gardens.  Delavan Gardens is located on the North Shore, near the Delavan Lake Yacht Club and includes a boat slip and private boat launch for owners in the complex.


WHAT IS LEFT FOR SALE?

     Currently, there are only 16 lakefront properties available on Delavan Lake.  The homes begin at $299,900 for a “tear-down” at the end of Bennett Street off of South Shore and graduate to $1,885,000 for a seven-year-old, 7,104 square foot home at the end of Borg Road.  Last year, there were 15 lakefront options available.

     If you are seeking a lake access property, there are 27 currently available, which is down from 31 at this time last year.  The lake access homes range from $90,000 for a two-bedroom cottage in the Inlet Oaks to $469,900 for a remodeled four-bedroom in the Windtree Association.

     There are only 11 lake access condos available at this time.  This is less than the 15 we saw last year at the start of October and 18 the year before.

BEST VALUES

     The best value lakefront home is now located at 3010 North Shore Drive.  This four-bedroom, Prairie-style home includes a 100 foot lakefront park, boat shed and screen porch overlooking a wooded landscape.  The home is listed for $700,000.

3010 North Shore rests in a wooded setting.
Lakefront park and boat shed that is included with 3010 North Shore Drive.
Click here to tour this home.

     The best value for a lake access home in located at 2908 Jones Street in the Delmar Subdivision.  This two-bedroom cottage has a fenced back yard and detached two car garage.  The property is offered at $149,900.

     The best value for a Delavan Lake condo is located at 1402 Delavan Club Drive.  This unit looks over the water with a private balcony, has a soaring cathedral ceiling and a one-car garage.  The unit is available for $199,900.


1402 Delavan Club on Delavan Lake, WI

Saturday, September 28, 2019

Test out Delavan Lake Life with Geneva Landings Condo

     A great way to test out Delavan Lake, and to be sure that you will enjoy it as much or more than other property owners, is to start out with a smaller condo on the water.
Geneva Landings on Delavan Lake, WI.

     An example of this is the condominium units available in the Geneva Landings complex.  This association offers boat slips, a boat launch, private outdoor swimming pool and bocce court.
     Testing out the lake life with a condo give you the opportunity to experience the excitement of the water, without the outside maintenance concerns that may come along with a single family home.  The association cuts the grass, shovels and plows the snow, maintains the pier and keeps the pool inviting all summer long.
Relax at the outdoor pool of Geneva Landings on Delavan Lake, WI.

     Currently, there is a one bedroom unit available with views of the water.  The unit is located at 2202 Landings Lane and has a waterfront balcony, fireplace, and an open concept floor plan.  Listed for $162,500, the unit is an affordable way to determine if living on the lake fits with your lifestyle.
2202 Landings Lane, Delavan Lake, WI
Click here to tour this one bedroom condo.

     The complex is close to the city of Delavan with shopping, restaurants, bars and nightlife all within walking distance.

Friday, September 27, 2019

Best values on Delavan Lake, WI

     Here is the quick answer to what are the best values on Delavan Lake, WI right now.
2328 North Shore Drive, Delavan Lake, WI
Click here to tour the property.
     The first property is located at 2328 North Shore Drive.  With 120 feet of prime Delavan Lake frontage, this five bedroom, four bath home, features an indoor swimming pool and spectacular lake views.  The property is listed for $1,199,000.
2920 North Shore Drive, Delavan Lake, WI
Click here to tour the property

     The second property is located at 2920 North Shore Drive.  Set on a wooded 1.93 acre lot, this four bedroom lakefront includes a four car "boat garage" for storing lake toys or your classic car collection.  The home is currently priced at $995,000.

3010 North Shore Drive, Delavan Lake, WI
Click here to tour the property

     A final offering can be found at 3010 North Shore Drive.  This is a unique property that includes a lakefront park and a home set back from the water.  The prairie-style home includes four bedrooms, two baths and an open concept layout.  At the water is a 100' x 40' park with boat house and oversized pier.  The complete package is offered for only $700,000.

Monday, August 5, 2019

Delavan Lake Real Estate First Half Review


     During the first half of 2019, sales of homes around Delavan Lake, WI increased dramatically from the prior year with lake access properties taking the majority of the transactions.  For the January to June period, there were 29 sales of lakefront and lake access properties compared to only 17 by that time in 2018.  This was the highest unit total in four years. 
     The price range for the lake properties ranged from $87,500 for a three bedroom cottage in the Delmar Subdivision off of South Shore, to $750,000 for a four bedroom lakefront on 50 feet of North Shore frontage.
     Sales of lakefront condominiums also saw a healthy increase as 16 units were sold in the first part of 2019 compared to 10 in 2018 and eight in 2017.  The majority of the sales were in the Geneva Landings complex.  Prices of condos sold ranged from $47,900 for a condo/hotel room in the Lake Lawn Resort to $350,000 for a three bedroom unit in the Delavan Gardens complex that included a private boat slip.

Recent sale in Delavan Gardens for $350,000.

     At the start of the third quarter, there were only 41 lake access and lakefront properties on the market.  This compares to 49 in 2018 and 62 in 2017.  The tight inventory is causing prices to increase in all areas. The starting point for lake access homes is $90,000 which will buy you a two bedroom cottage in the Delmar Association.  The most expensive lake access property is $530,000 for a three bedroom in Assembly Park on the north side of the lake. 
     Lakefront homes start at $360,000.  That is enough for a tear down on Bennett Street near American Marine.  The most expensive home on the lake may also be a tear down.  It is a 8,500 square foot, six bedroom home on 450 feet of steep North Shore frontage.  It is currently listed for $1,900,000.
     The supply of lake access condos is also lower compared to prior years.  There are only 10 units on the market compared to 18 in 2018 and 23 in 2017.  Prices start at $89,900 for a one bedroom condo/hotel room and increase to $299,900 for a two-bedroom hilltop unit in the Delavan Club which is on the Outlet of Delavan Lake.
     The best value for a lake access property is located at 4215 Beach Drive.  This three bedroom looks directly down the lake and is part of the well-regarded Highlands subdivision that sports the best beach on Delavan Lake.  The home is available for $247,900.
Lakefront Bargain Hunt Candidate at 1402 Delavan Club Dr.
Click here to take a quick tour

          The best value lake condo is located at 1402 Delavan Club Drive.  Featured on HGTV’s Lakefront Bargain Hunt, this unit has two bedrooms, a lakeside balcony and towering vaulted ceilings.  The unit is currently listed for $199,900.
     The best value for a lakefront home on Delavan is located at 2920 North Shore Drive.  With 75 feet of frontage, this four bedroom two-story has ample deck space, a private pier and a five car “boat garage”.  Listed for $995,000 the property has almost two acres of wooded privacy and water views from most rooms in the house.
The best value for a lakefront home on Delavan is at 2920 North Shore Drive
Click here for more information about this great property