Open House: 3/22/26 11:00 AM
$ 525,000
3 beds
5.0 bath
3,620 sqft
583 Fenelon Place Dubuque, IA
This luxury home has over $300,000 in top grade renovations put in by the current owner since 2023. He bought this home for $320,000 in 2023 as a fixer-upper. Because this home is extraordinary, they put in more renovation and upscale designs than initially planned to make it what it is today. On paper, with all of the improvements and the location, the land and river views, this property should be priced at $620,000. However. The market has changed since 2024 when it was first put on the market. With several offers considered and not pursued due to risky contingencies and low offer prices, this property has not yet been sold, despite the best efforts of several different real estate agents. As a result, the seller has now made the thoughtful decision to list this exceptional luxury residence at a price far below their total investment in order to move forward with several new projects that now require their full attention and resources. While significant care, upgrades, and capital have been invested into the property, the priority at this stage is not maximizing return, but rather creating a smooth transition that allows the next owner to enjoy the home while the seller focuses on upcoming ventures. And whomever purchases this house will be enjoying the luxury appointments that would typically cost much more than for what this house is listed. This pricing approach reflects a strategic decision to facilitate a timely sale and pass along the value of the improvements to the next steward of the property. Recent price adjustments also reflect the seller's costs to fully repair a leaking water line prior to closing now that warmer weather is here. The discerning buyer will understand the incredible value that this home offers, standing in a sought-after neighborhood with similar other luxury homes and comparable values, if only they would go on the market. Seller will consider all reasonable offers. With that being said... Discover the charm and character of his
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