$555,000

About this home

This is a unique opportunity for investors, developers, or families seeking multiple homes with significant development potential. The rare commercial resort-zoned property offers endless possibilities and is ideally located directly across from beautiful Clear Lake, spanning 1.74 acres. Currently, the property features several homes that generate rental income and provide options for expansion. There is a private well that reliably supplies water to multiple units, several sewer hookups already installed with room for future connections, and each unit has separately metered electricity. Present usage includes a 2005 manufactured home with four bedrooms and two bathrooms, which is currently rented out. There's also another recently renovated home ready for occupancy, plus a stick-built house—believed to be one of the original 1930s structures—that showcases impressive craftsmanship but needs complete renovation. The site still contains pads from removed older units, as well as mature landscaping including palm trees, oaks, eucalyptus, roses, and wildflowers, adding value that cannot easily be replicated. Development options include creating an RV park, vacation cottages, mobile home park, multi-family compound, investment property, or a family retreat.

Facts & features

Location