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517 Main St
For Sale $535,000 ($193.14 per Sq Ft)
$535,000 ($193.14 per Sq Ft)
- 6 Bedrooms
- 4 Bathrooms
- 2,770 Sq Ft
- 45,002 Sq Ft
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $535,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 2,770 |
| Number of Stories | 0 stories |
| Parking Spots | 2 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 272816823000019090 |
| MLS # | P4937848 |
| Property ID | 322599276 |
| Lot Sqft | 45,002 |
| Zoning | R-1A |
| Total Units | 2 |
| Days on Market | 17 |
| Original List Price | $535,000 |
| Date Updated | February 16, 2026 |
| Date Created | February 12, 2026 |
Listing Provided By
Monica Bouwers an agent of STELLAR REAL ESTATE OF FLORIDA.
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of February 16, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT