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Mary Markulis

mary.markulis@theagencyre.com +1(330) 618-2118

$ 339,900

Est. payment | -/mo

3 Beds

2 Baths

792 SqFt

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$ 339,900

Est. payment | -/mo

Save

3 Beds

2 Baths

792 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 792 sqft

Price per Sqft $429

MLS Listing ID 5213559

Style Cottage

Bedrooms 3

Full Baths 2

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 792

Year Built 1917

Annual Tax Amount $2,005

Tax Year 2025

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Single Family Residence

Property Description

Rare opportunity to own a Lake Erie waterfront property with strong Airbnb, VRBO, and seasonal rental potential in the heart of Ohio wine country. Located just minutes from Geneva-on-the-Lake, Ashtabula Harbor, local marinas, restaurants, and numerous wineries, this property is ideal as a vacation home, seasonal retreat, or income-producing investment. Return figures are estimates based on market data and assumed operating performance with projected annual gross income of up to $50,552 and a modeled hybrid cap rate of 11.5%. The home features 3 bedrooms, 2 full baths, and a flexible bunk room, comfortably sleeping up to 6 guests and up to 8 in a pinch. Large windows highlight the lake views from the great room, primary bedroom, deck, and backyard. Refurbished cottage-style hardwood floors upstairs add a comfortable, homely feeling, while the layout is designed for easy lake living and entertaining. Enjoy a fully protected shoreline with direct waterfront access for swimming, kayaking, paddleboarding, and relaxing by the water. A road is currently being built directly to the shore for even easier lake access. The spacious lakefront patio provides plenty of room for outdoor seating, fire pits, and gatherings while enjoying sunsets and lake breezes. No HOA fees or rental restrictions offer maximum flexibility for short-term rentals and personal use. Offered furnished with appliances included, this move-in-ready property allows for immediate enjoyment or rental income potential. Parking for up to 3 vehicles. Direct Lake Erie waterfront properties priced under $500,000 are a rare find in today's market, making this an attractive opportunity for both investors and second-home buyers. Whether you're a local buyer, out-of-town investor, or seasonal “snow bird” owner, this Lake Erie property offers the waterfront lifestyle buyers continue to seek.

Location

State OH

County Ashtabula

Rooms

Main Level Bedrooms 1

Interior

Interior Features Breakfast Bar, Open Floorplan

Heating Baseboard, Forced Air, None

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Window Features Blinds,Double Pane Windows,Screens,Window Treatments

Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer

Exterior

Exterior Feature Gas Grill, Private Yard

Parking Features Direct Access, No Garage

Fence None

Pool None

Waterfront Description Lake Front,Lake Privileges

View Y/N Yes

Water Access Desc Private

View Lake

Roof Type Asphalt

Porch Deck

Private Pool No

Building

Lot Description Lake Erie Front, Lake Front

Story 2

Foundation Block

Sewer Public Sewer

Water Private

Architectural Style Cottage

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Ashtabula Area Csd - 401

Others

Tax ID 480161002400

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Madison Worley • The Agency Cleveland Northcoast • madison.worley@theagencyre.com, 216-394-3980

Nearby Locations

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Mary Markulis

Partner | Lic# 2003017990

mary.markulis@theagencyre.com

+1(330) 618-2118

14 1/2 North Main St., Chagrin Falls, OH, 44022

15 Lake Hurst DR Ashtabula, OH 44004

Mary Markulis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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15 Lake Hurst DR