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5 Pheasant Lane
Northport, NY 11768
$1,729,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
Embrace the essence of luxurious living in the heart of Asharoken, Long Island, where a spectacular opportunity presents itself to experience a lifestyle that seamlessly marries the elegance of the Hamptons with the charm of Northport. This remarkable Country Club Setting home is not just a residence; it's an invitation to a life of unparalleled comfort, beauty, and leisure, all just a leisurely walk away from the mesmerizing shores of the beach. Welcome to a Post Modern Colonial masterpiece, a 5-bedroom, 4 ?-bath haven that epitomizes refinement and sophistication. From the moment you step through the threshold, you'll be captivated by the attention to detail and the premium craftsmanship that defines every corner of this residence. The Designer Kitchen stands as the heart of the home, boasting top-of-the-line Sub Zero and Wolf products that elevate culinary pursuits. Impeccably designed custom-made cabinetry not only adds to the aesthetic appeal but also speaks of a level of luxury where no expense has been spared. The home is equipped with every modern convenience, including a whole house generator that ensures your comfort and peace of mind even during inclement weather. But the true allure of this property reveals itself as you step outside into the meticulously designed outdoor oasis. An entertainer's dream, the built-in pool takes center stage, embraced by a sprawling Paver Patio that weaves its way through the landscape. Imagine evenings spent by the Custom Fire Pit, enjoying the company of friends and family. And for moments of pure relaxation, the Hot Tub offers a soothing retreat. For those with a love for the water, this residence leaves no desires unmet. Boating enthusiasts will find themselves perfectly situated, with access to nearby beaches and marinas. Beach rights beckon you to soak up the sun and dip into the refreshing waves. With a finished basement, there's ample space for recreation and leisure, while the Luxury Master Suite offers a private sanctuary to unwind after a day of coastal adventures. Room for guests ensures that your loved ones can share in this experience, and the upper laundry area adds to the convenience of daily living. Beyond the bounds of this haven, the surrounding area presents a wealth of attractions to explore. The Engleman Theatre promises cultural enrichment, while culinary delights await at Robkes, Maroni's, and the Wine Bar to name a few. Nature enthusiasts will revel in the beauty of Eaton's Neck, and those with an appreciation for crafted brews can explore Sand City Brewery. Sleuths Beach and Hobart's Beach offer additional avenues for leisure, relaxation, and some amazing sunsets. As part of the Eatons Harbor Corp, you'll enjoy the added privilege of Mooring Rights and access to the exclusive Sleuths Beach Road. And for those seeking a true beachside escape, the Shared Beach Lot on Ashroken Ave stands as a special beach treat, inviting you to embrace the coastal lifestyle. This is more than a home; it's a magical opportunity to live life to the fullest, where each day is a celebration of beauty, comfort, and the joy of beachside living. Seize this opportunity and make this luxurious colonial in Asharoken, Long Island, your own.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1965
MLS Number
3496898
Location
Address
5 Pheasant Lane
City
Northport
State
NY
Zip Code
11768
County
SUFFOLK (NORTHWEST)
Listing
Provider
Laffey International Realt Estate, original listing
Name
Laffey International Realt Estate
Phone
(800) 774-1462
Office Name
BERKSHIRE HATHAWAY
Office Phone
(800) 774-1462
Agent Name
Andrew Roehrig

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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.