Description
RARE LAKE SINCLAIR LIVE-AND-EARN ESTATE featuring 3 SEPARATE RESIDENCES, DEEP WATER and one of the MOST EXPANSIVE SHORELINES on the lake. This exceptional waterfront compound offers a unique opportunity to enjoy lake living while generating strong income potential. Situated on 2.35 private, fully fenced acres, this property includes 3 HOMES, making it ideal for investors, short-term rental operators, and/or multi-generational families seeking space, privacy, and flexibility. The main lakefront home is currently operating as a successful short-term rental generating approximately $50k-$65k annually, while the additional dwellings offer excellent potential for steady mid- to long-term income (ranging from $1700 - $2200/mo each). MAIN HOUSE : 5 Bedrooms 4 Bathrooms Designed for entertaining and large gatherings Incredible panoramic lake views Currently operating as a high-performing short-term rental All new appliances GARAGE APARTMENT (ADU): 2 Bedrooms 1 Bathroom Currently leased long-term Estimated rental value $1,800-$2,000/month Private balcony overlooking the lake All new appliances BUNGALOW/GUEST HOME: Fully remodeled 2 Bedrooms 2.5 Bathrooms Estimated rental value $2,200-$2,400/month Beautiful lake views and private setting All new appliances OUTDOOR AND PROPERTY FEATURES: Deep water, 3 RV hookups, Endless parking, New HVAC systems, water heaters and water pump, Entertaining areas galore -covered bar, swings, picnic tables, swings, HUGE garage shop w/bathroom. RARE OPPORTUNITY. FEE SIMPLE
Property Features
INTERIOR FEATURES
Appliances
Built in Microwave, Dishwasher, Refrigerator, Vent Hood
Flooring
Carpet, Vinyl
EXTERIOR & CONSTRUCTION
Property Sub Type
Single Family Residence
Year Built
1991
Levels
Two
Construction Materials
Vinyl Siding
Roof
Asphalt/Comp Shingle
Lot Size Acres
2.35
Garage Spaces
2
COMMUNITY
Subdivision Name
POSSUM POINT
County Or Parish
Putnam
OTHER PROPERTY INFORMATION
Photos Count
74
Living Area Source
Assessor
Property Type
Residential
Bathrooms Total Decimal
5
Street Number
388
Basement Y N
Yes
Directions
Pea Ridge to Possum Point. left at stop sign house about 2 miles on right.
Stories
2
Parcel Number
088B172
Lot Size Source
Owner
Topography
Gentle Slope,Level
Zoning Description
Residential
Inclusions
Boat Lift
Living Area
3,292
Building Area Source
Assessor
Street Name
POSSUM POINT DRIVE
Original List Price
$1,500,000
Listing courtesy of Lake Homes Realty.
