realestate

Lakefront Bungalow Sells for 20% Over Asking Price Amid High Demand

Home Sold Quickly: Under Contract in Two Weeks.

T
his 824-square-foot lake house is a rare find, offering a move-in ready home at an affordable price. Located on Lower Mount Glen Lake in West Milford, the one-bedroom property recently sold for $325,000 after receiving eight offers, exceeding its asking price by 20%. According to Jennifer Ellis of Coldwell Banker Realty, who specializes in lake homes, "A move-in ready lake house for under $300,000 is very rare, unless it needs a lot of work." The home's compact size kept the price low.

    The property features an open floor plan, a kitchen with a lake view and attached deck, a living room with a stone wood-burning fireplace, an office, a bathroom with an updated shower, and a 9x11-foot bedroom with a walk-in closet. Lower Mount Glen Lake is ideal for kayaking, fishing, and swimming, and the community offers a beach with volleyball courts and a playground. The home's location also provides easy access to Norvin Green State Forest and Route 23.

    The lakefront deck off the kitchen offers stunning views of the surrounding area. With its unique blend of natural beauty and convenient amenities, this tiny house is an attractive option for those seeking a peaceful retreat in a picturesque setting.

Lakefront bungalow sells for $1.2M in high-demand market near serene lake.