Active

$489,000

Features:
  • 4 Bedrooms
  • 3 Bathrooms
  • 2503 sq ft
Overview
  • ID: MFRG5106508
  • Bedrooms: 4
  • Bathrooms: 3
  • Size: 2503 sq ft
Property Details
Remarks
Income-Producing Lakeview Estate with Fully Independent ADU – Proven Rental Potential Across from East Crooked Lake Perched on an elevated ridge directly across from spring-fed East Crooked Lake, this beautifully remodeled mid-century property is more than a home — it’s a strategic investment opportunity with built-in income potential. With a fully independent 720 sq ft apartment over the garage, this property offers flexibility for multigenerational living, long-term rental income, or short-term rental strategy. The separate ADU is a true residence featuring its own entrance, full kitchen, living room, bedroom, full bath, laundry, office nook, and private yard space. This is not just a bonus room — it functions as a complete second home. For investors, this creates dual-income capability. For owner-occupants, it offers offset mortgage potential while building equity. A separate turnkey furnishing package is available, making this unit move-in or rental-ready immediately. The main residence delivers 3 bedrooms and 2 baths with a fresh, modern interior filled with natural light. Engineered wood floors, granite countertops throughout, and French doors open to a private fenced courtyard ideal for outdoor dining and entertaining. From the expansive balcony deck, enjoy stunning sunset views over the lake — a feature that enhances both lifestyle appeal and rental desirability. Recent capital improvements include a new roof (2020) and HVAC (2023), providing peace of mind for homeowners and investors alike. The oversized garage with storage plus dual driveways offers abundant parking — ideal for tenants, guests, boats, or recreational vehicles. The corner lot design ensures low maintenance with maximum usability. Located in Unincorporated Lake County just minutes from the US-441 Mt. Dora/Eustis corridor, this property combines lake-view ambiance with convenient access to shopping, dining, and everyday services — a key factor for strong rental performance and long-term value retention. Whether you’re seeking multigenerational flexibility, supplemental income, or a portfoliobuilding asset, this property delivers multiple exit strategies in one unique package. Live in one, rent the other — or maximize both. A rare opportunity to secure a lakeview property that works as hard as you do.
Financial Considerations
Price:
$489,000
HOA Fee:
N/A
Tax Amount:
$3786.07
Price per SqFt:
$195.37
Tax Legal Description:
RAINBOW RIDGE BEG AT NE COR OF LOT 3 BLK B RUN W TO NW COR LOT 3 S'LY ALONG W'LY LINE OF LOT 85 FT NE'LY TO PT ON E LINE OF LOT 50 FT S OF POB N TO POB PB 11 PG 43 ORB 5618 PG 1904
Exterior Features
Lot Size:
9585
Lot Features:
Corner Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
3
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
Furnished:
Yes
Floor:
Hardwood, Other, Tile
Levels:
Multi/Split
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1959
Construction Type:
Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard
Additional Features 2:
N/A
Map
  • Address
    2404 WAYCROSS AVE
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