Waterfront
Address
408 ICE CREAM ROAD, Leesburg, FL
Price
$ 3,200,000
Property Attributes
  • MLS#G5056221
  • TypeIncome
  • CountyLAKE
  • CityLeesburg
  • AreaLeesburg
  • Zip34748
  • StyleMulti-Family
  • Year Built1957
  • Taxes$ 8478
  • Price$ 3,200,000
  • Bedrooms18
  • Full Bathrooms18
  • Half Bathrooms0
  • Sqr Footage7675
  • Lot Size4.3 Acres
Data Source:
Stellar MLS
Property Description

18 UNIT INCOME PRODUCING WATERFRONT OPPORTUNITY! Pristine Florida Waterfront! This rare and unique property in beautiful Lake County Florida is loaded with potential. Sitting on approximately 4.3 acres of beautiful Harris Chain of Lakes water frontage, you cannot go wrong with this opportunity! The potential for waterfront activities and usage is endless with a large fishing dock, a lakeside gazebo with fish cleaning station, recreation area for outdoor activities, and more. The current cash flow is a great way to get this investment started on the right path with completely full units. There are 18 income producing properties currently, including four RV sites (with three RV's conveying), 13 cabins, and a main four bedroom house. YES - 18 income producing units currently, not to mention the potential for additional RV lots for even more income! There is a pool with restrooms that is currently not in use and needs refurbishing that would also allow for increased rents. Property also includes Alternate Key# 2757744 , with US HWY 441 highway frontage to allow for better signage and entrance.

Price History
6/1/2022 Listed $3,200,000

General Features

Additional Parcels Description 19-19-25-0004-000-06300
Additional Parcels Y/N Yes
Association Y/N No
Building Area Units Square Feet
Buyer Agent Compensation 2.25%
Carport Y/N No
City LEESBURG
Construction Materials Block
Cooling Central Air, Mini-Split Unit(s)
County Lake
Days on Market 8
Directions US HWY 441 in Leesburg to Ice Cream Rd, follow around to end to shore of Lake Griffin
Exterior Features Other
Finance Cash, Conventional
Garage Y/N No
Grossincome 231000
Heating Central
Interior Features Open Floorplan, Thermostat, Window Treatments
Lot Size Square Feet 187308
MLS Area 34748 - Leesburg
New Construction No
Other Structures Storage
Patio/Porch Features Screened
Percent Ownership Fee Simple
Pool Features Gunite
Private Pool Yes
Property SubType Multi-Family
Property Type Residential Income
Roof Metal
Senior Community Y/N No
Sewer Septic Tank
Standard Status Active
Status Active
Street Name ICE CREAM
Subdivision Name NONE
Tax Annual Amount 8478
Tax Lot 4
Tax Year 2021
Total Number of Buildings 18
Total Units 18
Township 19
Unit Count 3
Utilities BB/HS Internet Available, Cable Connected, Electricity Connected
View Trees/Woods, Water
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5056221
Water Access Lake - Chain of Lakes
Water Access YN Yes
Water Body Name LAKE GRIFFIN
Waterfront Features Lake
Waterfront Y/N Yes
Year Built 1957
Zoning R-1

Interior Features

Fireplace Y/N No
Flood Zone Code Zone AE
Flooring Ceramic Tile
Laundry Features Inside, Laundry Room, Other
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix ROAD
Total Baths 18
Total Bedrooms 22

Exterior Features

Living Area 7675
Foundation Details Slab
Lot Features In County
Lot Size Acres 4.3
Number of Lots 2
Road Surface Type Asphalt
Water Extras Dock - Open
Water Extras YN Yes
Water Frontage Feet Lake Chain 150
Water Source Well
Water View Lake - Chain of Lakes
Water View YN Yes
Waterfront Feet Total 150

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34748

Price
AVG $1.13M
$3.2M
Taxes
AVG $4,379
$8,478
Visits
AVG 92
256
Year Built
AVG 1956
1957
Walkscore
AVG 45
6
Data Provided by Walkscore ® not using MLS data

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