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5411 Lazy Oaks Lane
Orlando, FL 32839
$1,875,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5640
Property Description
Welcome to this majestic residence nestled on nearly an acre of lush greenery. Boasting an impressive facade with a symphony of brickwork, this estate welcomes you with 6 expansive bedrooms and 5.5 bathrooms, including a 2/1 guesthouse, and a 6-car garage for the automobile enthusiast, offering unparalleled comfort and sophistication. Enter into a world of soaring ceilings and an open, spacious floor plan that radiates warmth and grandeur. The stunning hardwood floors guide you through the myriad of sun-drenched rooms, each telling its own story of elegance. The heart of the home features a living room with a remarkable fireplace, where the brickwork extends up to the ceiling, creating a captivating focal point. Conveniently situated off the living area, a discreet hallway hides a small staircase leading to an impressive basement wine cellar, a treasure trove for the connoisseur. Continue along the hallway to encounter the practical laundry room, and at its terminus, a staircase ascends to the voluminous loft flex space. This versatile area can seamlessly transition from a beautiful office to a lively entertainment space, learning space, additional living room, or even a home theatre, providing endless possibilities for recreation, work, or relaxation. The chef of the home is sure to be impressed with the spacious chef's kitchen, complete with top-of-the-line appliances, gas stovetop, rich wooden cabinetry, and gorgeous granite countertops. For those who seek convenience without sacrificing privacy, the layout includes a guest bedroom with an adjacent bathroom on the main level. The upstairs realm is dedicated to tranquility and includes the primary suite, a private sanctuary with its own balcony, dual walk-in closets, and an impressive ensuite that offers a spa-like retreat. Two additional guest bedrooms grace the upper floor, each boasting their own private ensuites, crafting a perfect blend of luxury and comfort. Outside, the estate unfolds to reveal a stunning pool with an integrated spa, embraced by a generous patio area that's ideal for sun-soaked leisure or al fresco dining. Beyond the pool, take a stroll through the garden to the inviting outdoor pavilion with a built-in barbecue nestled under a canopy of mature trees, that provides a perfect blend of open-air comfort and natural beauty, ideal for relaxation or entertaining. This property is not just a house, but a home that promises a life of ease, elegance, and endless possibilities. Welcome to your new sanctuary.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1996
MLS Number
O6194828
Location
Address
5411 LAZY OAKS LANE
City
ORLANDO
State
FL
Zip Code
32839
County
ORANGE (ORLANDO)
Listing
Provider
Homevest Realty, original listing
Name
Homevest Realty
Phone
(407) 897-5400
Office Name
HOMEVEST REALTY
Office Phone
(407) 897-5400
Agent Name
Brad Young

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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.