Foreclosure Fridays 259 Lakay Place Longwood FL - Bank Owned Homes - eXp Realty

homes-orlando.com Every Friday we give you a sneak peek at Central Florida's Bank Owned Homes. These are foreclosure properties that are either coming on the market soon or ones that have just hit the market. This weeks Foreclosure Fridays takes us to Terra Oaks in lovely Longwood FL to an absolutely beautiful two story lake front home. Terra Oaks is located off Sand Lake Road in Longwood (just off Hwy 434.) This intimate neighborhood contains only 44 home sites with custom homes ranging in price from $550000 to $1200000. These homes were built between 2000 and 2005. This home was first marketed as a short sale for the bargain price of $998000. When the bank took it over about six months ago they listed it for $750000. Now the price has dropped all the way down to $528000. That's right, the price has dropped by $221000 since the bank started marketing this home 6 months ago. With a price like this I am sure this deal isn't going to last long. Terra Oaks is a gated 44 lot subdivision with custom built homes ranging from $575000 to $1200000. Terra Oaks is convenient to Maitland Center, Altamonte Springs, Lake Mary and Orlando. It is within minutes of great shopping and dining at Colonial Town Park, the Seminole Towne Center Mall and Lake Mary. Unlike most of Central Florida which is very flat this neighborhood has some nice changes in elevation which also makes it unique. At it's center is a small lake with a fountain which gives this community an intimate inviting setting ...



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