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.
88 days
|
365
|
21
|
Zillow last checked:
Listing updated:
Listed by:
Kalyn NobleDRE #01306174707-349-0636,
Noble Realty
Source: CRMLS,MLS#: LC26096725Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Appliances
Laundry: Inside, Laundry Room
Features
Common walls with other units/homes: No Common Walls
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.