Property Description

Rare opportunity to own a Lake Erie waterfront property with strong Airbnb, VRBO, and seasonal rental potential in the heart of Ohio wine country. Located just minutes from Geneva-on-the-Lake, Ashtabula Harbor, local marinas, restaurants, and numerous wineries, this property is ideal as a vacation home, seasonal retreat, or income-producing investment. Return figures are estimates based on market data and assumed operating performance with projected annual gross income of up to $50,552 and a modeled hybrid cap rate of 11.5%. The home features 3 bedrooms, 2 full baths, and a flexible bunk room, comfortably sleeping up to 6 guests and up to 8 in a pinch. Large windows highlight the lake views from the great room, primary bedroom, deck, and backyard. Refurbished cottage-style hardwood floors upstairs add a comfortable, homely feeling, while the layout is designed for easy lake living and entertaining. Enjoy a fully protected shoreline with direct waterfront access for swimming, kayaking, paddleboarding, and relaxing by the water. A road is currently being built directly to the shore for even easier lake access. The spacious lakefront patio provides plenty of room for outdoor seating, fire pits, and gatherings while enjoying sunsets and lake breezes. No HOA fees or rental restrictions offer maximum flexibility for short-term rentals and personal use. Offered furnished with appliances included, this move-in-ready property allows for immediate enjoyment or rental income potential. Parking for up to 3 vehicles. Direct Lake Erie waterfront properties priced under $500,000 are a rare find in today's market, making this an attractive opportunity for both investors and second-home buyers. Whether you're a local buyer, out-of-town investor, or seasonal 'snow bird owner, this Lake Erie property offers the waterfront lifestyle buyers continue to seek.

Property Features

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