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7373 Circle Dr
Lady Lake, FL 32159
$700,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2416
Property Description
Bring your boat, your RV, and all your other toys! This custom-built home on a private island in Lake Griffin has room for it all. This beautifully crafted four-bedroom, three-bath home with a private dock and direct access to the Harris Chain of Lakes is a must-see. The pictures do not do it justice. This home is a true retreat located on a gated, private island with few other homes. This uniquely designed home, with its concrete block first floor and steel-frame second and third floors, is built to withstand the fiercest of Florida hurricanes. Far more than $100,000 has been spent on renovations in the last couple of years, not counting the owner's own work. Don't worry; he is a skilled craftsman, not a DIY person. To mention a few of the renovations: In 2023, the roof was replaced with a "100-year" commercial-grade metal roof, and the HVAC system was replaced. The home has been totally rewired, and new electric panels have been installed. All exterior wood has been meticulously renovated and painted fresh, modern colors. The 1.38 tree-lined lot offers a tranquil and private living space with plenty of room for a pool. This private sanctuary boasts rustic contemporary architecture and double wrap-around porches, offering breathtaking views and endless entertainment possibilities. Inside, you'll be captivated by the sunlit open floor plan, where soaring two-story vaulted wood ceilings and elegant wood flooring set the stage. Expansive windows and sophisticated wood accent walls frame a cozy wood-burning stove, inviting you to curl up with a good book or engage in lively conversation. The heart of this home is the kitchen, where your inner chef can flourish amidst stainless steel appliances and wood cabinetry. Let the festivities spill outdoors onto one of the two impressive wrap-around porches, enjoying the mesmerizing views. Retreat to the primary bedroom on the top floor, with ample closet space and a beautiful en suite. The top floor houses one additional bedroom and a modern full bathroom. The main floor houses the third bedroom with plenty of storage space. This bedroom would also make a perfect home office. The lower level offers a bedroom and full bathroom-ideal for an in-law suite, private guest suite, or next-gen living. For the hobbyist or classic car collector, a detached four-car workshop garage and attached two-car garage - for a total of 6 garage spaces - provides generous room for parking, your projects, and storage. Bring your RV and boat; there is plenty of room for both. Just 57 miles from Downtown Orlando and a stone's throw away from The Villages, this magical home offers the perfect balance of serene lake living and convenient access to shopping, dining, entertainment, and schools. Did we mention the low HOA fees? What are you waiting for, come see this home today and fall in love.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1979
MLS Number
11243440
Location
Address
7373 Circle Dr
City
Lady Lake
State
FL
Zip Code
32159
County
LAKE (NORTH)
Listing
Provider
MAXIM Realty Orlando, original listing
Name
MAXIM Realty Orlando
Phone
(407) 288-0704
Office Name
MAXIM Realty Orlando
Office Phone
(407) 288-0704
Agent Name
Bent Danholm

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HUD Foreclosures

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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Foreclosure Listings Increasing

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.