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980 S Lake Shore Way, Lake Alfred
$399,000
6 Beds ⋅ 4 Baths ⋅ Rochelle Terrace SubDv. ⋅ 33850 Zip Code
INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms. The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates. With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer. Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.

980 S Lake Shore Way, Lake Alfred
775 S Ilakee Avenue, Lake Alfred
$1,175,000
6 Beds ⋅ 8 Baths ⋅ N/A SubDv. ⋅ 33850 Zip Code
Virtually Staged. 7000+ SQFT LAKEFRONT HOME WITH NO HOA: Lakefront and offering more than 7,000 square feet of living space, this expansive residence is privately positioned at the end of a quiet cul-de-sac on more than an acre along the shores of Lake Cummings. With over 9,800 square feet under roof, including more than 1,200 square feet of garage and storage space, the property offers an unusual amount of room and flexibility for multi-generational living, extended family, guests and entertaining. Its private lakefront setting, generous grounds and Central Florida location between Tampa and Orlando also present an intriguing opportunity for the seaplane enthusiast seeking a waterfront home base. Inside, expansive gathering spaces are balanced by distinct areas that allow family and guests to spread out comfortably. The formal living room is defined by a wall of windows overlooking the lake, filling the space with natural light and capturing broad water and sunset views. An oversized kitchen provides abundant cabinetry, storage and preparation space, along with a full-size refrigerator and freezer and dedicated ice maker, making it well suited for both everyday use and larger gatherings. The primary suite is positioned as a private retreat with lake views, a dressing area, dual walk-in closets and a spacious bath with dual vanities and an oversized sunken walk-in shower. Four additional bedrooms provide considerable flexibility for family, guests, home offices or extended stays. One of the home's most distinctive spaces is the separate celebration and pool room, an expansive entertainment area finished with tongue-and-groove walls and complemented by an upper loft, bedroom, full bathroom, kitchen and laundry. Its size and separation from the main living areas make it equally suited for large gatherings, recreation, overnight guests or an extended-family living arrangement. Outdoor living is centered around a substantial covered lanai with soaring wood ceilings and a commercial-style outdoor kitchen with built-in grill. Generous dining and lounge areas overlook the screened pool and spa, with the lake providing a natural backdrop beyond. Lake Cummings offers boating, fishing and seaplane accessibility, adding another dimension to the property. For an aviation enthusiast, the ability to arrive by water and maintain a private lakefront base creates possibilities rarely found in a residence of this scale. Extensive parking and garage space further complement that use without defining the property solely around aviation. Additional features include a circular driveway, whole-house Generac generator, abundant storage, screened garden and potting area, no HOA and a secluded end-of-road setting. Located in Lake Alfred approximately 15 minutes from I-4, the property is well positioned for access to Winter Haven, Lakeland and the greater Tampa and Orlando areas, including major airports, shopping, dining and healthcare. Ultimately, it is the combination of scale, privacy and flexibility that distinguishes the property: more than an acre of lakefront land, approximately 7,000 square feet of living space and a floor plan capable of accommodating multiple generations, frequent guests and large gatherings without sacrificing privacy. Add direct access to a private lake and the possibility of arriving home by seaplane, and the property offers a distinctly different approach to Central Florida lakefront living.

775 S Ilakee Avenue, Lake Alfred
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