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260 & 256 Old State Road 8
Venus, FL 33960
$2,250,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3942
Property Description
Laid back country living at its finest, in Venus, FL just south of Lake Placid. This ranch style home situated on 20 acres backing to 2000 acres of Preservation Land which cannot be built on. House is nestled back off the road. This picturesque country ranch style 3,942 sqft-4 BR/3 BA home has an open floor plan throughout with a total of 7,792 living sqft. A dream professional chefs kitchen with commercial appliances - 60" Viking-eight burner stove, Viking hood, double ovens, 48"refrigerator, two dishwashers, two wine coolers, an ice dispenser, and much more. An oversized island to entertain all of your guests while you cook. Granite countertops with granite backsplash throughout. All 3 guest bedrooms face the screened-in pool area with the master suite located in the back of the house giving you privacy with french doors opening to the pool. As you walk into the master suite, there is a separate sitting area. Just before entering the MBA you will find his & hers walk-in closets. MBA has double vanity sinks, a large walk through shower and a separate jet tub. Family room is large enough for all of your family & friends for movie nights. Home has 10ft ceilings with 16" tile flooring throughout with plenty of sitting areas with space to entertain. Two sets of french doors open to give you outdoor/indoor living leading to the 1151 sqft of covered outdoor area perfect for gatherings with a wet bar and gas line hook up for the barbecue. Screened in-ground pool has a brand new 2022 sand pump. As you walk out from the pool area there is a lighted 1000 sqft pergola surrounded with beautifully landscaped flowering plants, magnolia & citrus trees. Property is divided in sections with cross-fencing with the front pasture for cattle/horse grazing and a fully stocked fish pond surrounding with mature oak trees and a boat house. Five horse stalls w automatic water dispenser, spacious tack room to store the saddles and horse feed. 3 wells, 2 irrigation wells with the main house serviced. It has 2 separate entrances with one road giving you easy access to the front pasture with the main leading to the house through two security entry gates. A 50'x100' Commercial Metal Building, a 5,000 sq ft and 26' high, with two 10x12 electric roll up garage doors and two separate entry side doors. Large enough to store your RV, with plenty of space left. It has 3 BR/2 BA with A/C and a separate 20x16 office. The back end of the building there is a fully equipped workshop with a commercial 1 Ton A-frame, 220volt welding machine, 220volt air compressor, commercial metal shelving and much more. The back of the property is mostly wooded habitat that plays host to abundant deer and turkey divided with cross fencing with sections of cattle paneling, separate from the main house. Centrally located, 1 hr to Ft Myers and Sarasota, and 2 hrs to Disney theme parks & Miami. Call and make an appointment.
Property Information
Lot Size
20 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
291890
Location
Address
260 & 256 Old State Road 8
City
Venus
State
FL
Zip Code
33960
County
HIGHLANDS
Listing
Provider
Compton Realty Inc, original listing
Name
Compton Realty Inc
Phone
(863) 465-4158
Office Name
COMPTON REALTY
Office Phone
(863) 465-4158
Agent Name
Marta Garcia Company

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.