PRICE REDUCED TO $1.150M. OWNERS EXTREMELY MOTIVATED! INCREASED DEMAND FOR LUXURY VACATION RENTALS AS A RESULT OF THE LOSS OF SALT DEDUCTIONS
Stacie Whitbeck
Top 25 Real Estate Broker in Rochester and #4 in the Finger Lakes for 2020!
A once in a life time opportunity to own a custom built (2008), Craftsman-style home on the sparkling shores of Lake Ontario priced far below replacement value. The property is located in Three Mile Bay which is 20 minutes from the mouth of the internationally famous St. Lawrence River and the popular Thousand Island vacation destination. Sunset Lodge is a 5 bedroom/4 bathroom "smart" house that was constructed with the finest materials and is loaded with luxury amenities. Enter the secluded and serene estate via a private road and delight in the 4.4 acre, park-like grounds with 370 feet of sandy beach with a private cove that is suitable to construct a permanent dock. There is an additional 15.5 acres with 700+ feet of beach and a second cove that the buyer will have right of first refusal. Given the topography of this site, the property has not been impacted by lake levels. This is a once in a life time opportunity to own a luxury investment property at a fraction of the replacement cost. The loss of the SALT deduction is creating an increasing demand for luxury vacation rentals as rising HNW's are deciding to rent vs. buy a vacation home. This change in the tax law is creating a tremendous opportunity for the real estate investor. Sunset Lodge has enjoyed a robust rental history and has low operating costs. Financials available for qualified buyers. Contact me at 585.455.0586 to arrange for a tour of this spectacular offering. (MLS R1074305).