8 Bedrooms
6.0 Baths
2,220 SQ FT
0.78 Acres
Step back in time with this historic gem nestled in the resort District of Beach Lake. Once a gathering place for Civil War troops and rumored to accommodate one of the very first liquor licenses, this property is chock-full of potential and, quite literally, stories from the past. Known as the Eureka Cottage, this is reportedly the first house ever constructed in Beach Lake. Living within the walls of this monumental property means owning a piece of history. The house features 8 spacious bedrooms accommodating full families, guests or tenants and 6 bathrooms which cater to a crowd. With a generous coverage of 2220 square feet, each room narrates a tale of the times gone by. Most compelling perhaps is the considerable commercial potential this property offers. Sitting on a substantial 0.78-acre land, creativity can be set free here! The space allows for the addition of up to 10 cabins, creating a mini Resort with 18 potential rental units. This could effortlessly transform the property into a thriving hotspot for tourists and history buffs. An undeniable fixer-upper, the Eureka Cottage eagerly awaits the touch of its new owners to restore its former glory. The estate still requires approximately $50,000 worth of repairs; the blank canvas on which future owners can sketch out their vision. While work is still needed, the inherent value of this property is undeniable. Comparing similar properties in the area, the after repair value is estimated to range between $400,000 and $500,000, marking a substantial return on investment. However, with each brush of paint or nail hammered into place, the charm of this historic residence builds, making it a little harder to part with. Seize the opportunity of owning a landmark, becoming a part of the narrative, and shaping the future of this unique historical treasure. This is a lot more than real estate - it's an opportunity to own and mold a slice of history.
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