517 MAIN STREET at

517 MAIN STREET

For sale Days on market 14

$535,000

$193/sq ft

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Overview

Bedroom

Year Built

1925

Garage

Sqft

2770

Property Type

Duplex

Property Description

Under contract-accepting backup offers. This unique Lake Hamilton property offers an exceptional investment opportunity with diversified income potential across multiple rental strategies. Situated on over an acre with no HOA, the property includes a main residence, a fully renovated cottage, and an RV hookup within a fully fenced area—creating three distinct revenue streams. The one-bedroom, one-bath cottage, completely renovated in 2023, has a proven Airbnb track record generating approximately $32,000 annually. The cottage is fully self-contained with its own laundry and continues to present strong short-term rental or long-term lease potential. The main home, a 5-bedroom, 2-bath residence, offers flexibility for investors. It has an estimated long-term rental potential of approximately $3,500 per month, or it could be positioned as a short-term rental to further maximize returns given its size, location, and proximity to the Winter Haven Chain of Lakes. In addition, the property includes a fully fenced RV hookup, which has historically generated approximately $10,000 per year in rental income. While this income has been more seasonal, it offers an easy opportunity for supplemental revenue or future expansion. Major capital improvements have already been completed, significantly reducing near-term expenses. Updates include a new roof (2020), new AC units (2020), new tankless water heaters (2023), and a full renovation of the cottage in 2023. These upgrades provide peace of mind and make this a turnkey investment option. With no HOA restrictions, lake-area proximity, and multiple income-producing components, this property is well-positioned for investors seeking cash flow, flexibility, and long-term appreciation in Central Florida.

Property Details

MLS#

P4937848

Garage

Address

517 MAIN

City

HAINES CITY

State/county

Zip/Postal Code

33844

Area

Lake Hamilton

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,305

Maint Fee

$--

Tax Year

2025

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