🏡 Two Lakefront Lots | Multiple Structures | Big Upside

This is a rare multi-structure, lakefront property made up of two adjacent lakefront lots with multiple living spaces and garages. Best suited for an investor, multi-family buyer, or someone looking for a flexible lake setup rather than a single standard home.

🔑 Property Highlights:

Lot 27:

Main home: 3BR/2BA upstairs (1,120 sq ft)

Finished basement with 2 additional bedrooms

2-car garage

Lot 26:

1BR/1BA studio (no kitchen)

Separate garage

Both lots are lakefront

Newly replaced pier

Solid structure, functional layout, and flexible use

🛠 Condition & Updates:

Roof approx. 10 years old

HVAC older but operational

Upstairs in livable rental condition

Basement needs flooring + paint

Bathrooms are functional but dated

Kitchen works as-is, upgrade optional for higher resale

Rear deck and waterfront access are in good shape

Who this property is best for:

Lake investors looking for a multi-unit / short-term rental setup

Buy & hold with multiple income streams

Flip or hybrid (live upstairs, rent basement + studio)

Family lake compound with separation and privacy

Value Breakdown:

Main house (without basement): ~$280,000
Basement value: ~$100,000
Separate lakefront studio lot: ~$120,000
Total ARV: ~$500,000

This deal is about location, frontage, and flexibility. The improvements are straightforward, and the upside comes from maximizing what’s already there.

📲 Contact Lanier at 334-201-0507 to schedule a showing.

Comps/ARV:
ARV: $500,000
Comp 1: 407 Murphy Dam Rd sold for $290,000 @ $235/sqft and is a 3/2 1232 sqft on 1/27/2025
Comp 2: 277 Murphy Dam Lot sold for $75,000 on 3/24/2025
Comp 3: 660 E Murphy Ln sold for $399,000 @ $275/sqft and is a 3/3 1452 sqft on 7/28/2025