JUST REDUCED!  Don't miss the opportunity to own this unique 3-story home on the deep-water Tchefuncte River in Historic Madisonville--truly a rare find.  This property also has Madisonville Commercial (C-1) zoning. 

Formerly a waterfront bed-and-breakfast, this beautiful stucco home has 4,892 SF living area and 6,500 SF total area, with 5 bedrooms and 5.5 baths over 3 stories, plus a service elevator for your convenience.  There are 2 full kitchens--one at ground level, perfect for waterside entertaining--plus a gourmet's kitchen on the second story of the main residence.   

The ground level of this property has 1,747 SF living area and could easily be used as a mother-in-law or nanny/caretaker apartment, or could be a professional's office.  It has 2 bedrooms and 1 bath, a full kitchen with granite countertops and bar, a pub-style living/dining room with beautifully hand-painted ceiling, and a covered porch for enjoying the pool and River breezes.   Please see the additional photos and narrative for the ground level of this property, in addition to this listing.

The main living areas comprise the top two levels with 3 more bedrooms, all with walk-out balconies and private baths.  The master bedroom boasts two bathrooms, including an extra spacious bath suite with oversize Jacuzzi, and French doors to a second-story veranda overlooking the pool, boat harbor and the Tchefuncte River for magnificent sunset views.   

The main-house gourmet kitchen has beautiful custom cabinetry and a deep walk-in pantry--truly a chef's kitchen!

Ah, then there's the waterfront with spectacular sunset views!  Sit and watch the boats glide by on the deepwater Tchefuncte, or travel the waterway to your own favorite restaurants all along the waterfront ... dock your vessel and head on inside for delicious seafood and libations at any number of fabulous waterfront establishments! 

For further relaxation while at home, enjoy the gorgeous pool with infinity edge, the waterfall/slide, and the lush tropical landscaping from your own patio and veranda. 

There is a two-car attached garage, plus a large parking court that can easily accommodate 6 or more vehicles.  Across the street is a large greenspace, and down the drive is the Pontchartrain Basin Maritime Museum.  Throughout Madisonville are quaint Victorian-era gingerbread cottages as well as traditional moss-draped Southern homes.   

This magnificent lifestyle property is truly a boat aficionado's dream, perfect for corporate and family entertaining.  It was honored to be the cover photo for the October 2007 issue of "The Real Estate Guide" for New Orleans and the Northshore" during the 2007 Madisonville Boat Festival.  The boat dock and slip will easily accommodate larger watercraft -- the next-door neighbor has a 35-ft. craft in their own same-size slip and a 44-ft. vessel parallel to the dock.  You are welcome to take a look to see if the dock and slip will accommodate your own watercraft.  

Additionally, this property is zoned "Madisonville C-1 Commercial"--it can be used as a professional office, for retail/wholesale trade, as a hotel (bed & breakfast), museum and research center, or all uses not prohibited in Madisonville C-1 zoning.  Please contact me for a full copy of the Restrictive Covenants, provided by the Town of Madisonville Zoning Department.   

Perhaps you cruised by this property while you were in town for the annual Madisonville Wooden Boat Festival on October 13-14, 2007.  If not, but if you would like to schedule your own private showing of 107 Mabel Drive, please give me a call.  The upcoming Wooden Boat Festival will take place on Saturday/Sunday, October 18-19, 2008.  You may come just for a visit, but once you see all that Madisonville and this beautful property have to offer, you may decide to stay for a lifetime!

Please learn more about Madisonville-on-the-Tchefuncte and the annual Madisonville Wooden Boat Festival (scheduled mid-October each year) by linking to "Communities" on my website.

Be sure to click on "More Photos" to see all 10 photos for this listing, as well as the additional photos/narrative for the ground-level.  On behalf of the property owners, thank you very much for your interest in this unique waterfront home--and remember, it is already zoned Madisonville C-1 (commercial)!   Sincerely, Paulette

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