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31026 NOCATEE TRAIL

House
$1,499,900

BTC: 17.38006952

ETH: 566.00000000

New
Waterfront
5 bds
4 ba
4,590 sqft

Overview

A unique Wekiva River waterfront investment property offering multiple income streams, with projected gross Short Term Rental gross revenue of approximately $140,000 +/-annually. * Property Size and Layout: 4,598 livable square feet, two-story log cabin with a connected addition, potential for three separate living units. There are two buildings connected by a breezeway. * Amenities and Upgrades: New mechanicals, soundproof walls, separate HVAC for each unit and electrical panels, 2 whole house generators for backup in case of a power outage, and a finished flex/recreation room, and private onsite office. Updated kitchens. Indoor laundry rooms. * Business Potential: Allows for owner-occupancy with potential for renting out one or two units as Airbnb or long-term rentals. * Property Description: 1.5-acre waterfront property on the Wekiva River within the Wekiva River Protection Area, featuring a grandfathered dock and wooded buffer area. * Property Amenities: Includes a sleeping loft with a spiral staircase and a hidden “secret room,” and offers wildlife viewing opportunities. Fire pit, grill, and outdoor seating. Parking for up to 8+ vehicles. * Business Information: Unit 1, licensed as the Crooked Paddle Lodge, has been renting on Airbnb for the past four years with 100 five star ratings. Turn key business includes furnishings, linens, housewares, private office. * Rental Income: Unit 1 rents for $225/night, Unit 2 rents for $187/night, and Unit 3 rents for $140/night x 252 nights = $140,000 gross income. * Property Features: Full kitchens, 4 full baths, 2 laundry rooms, new electrical, plumbing, HVAC, and smart home features. * Location & Surroundings: Rustic cabin on the Wekiva River, surrounded by nature and state-owned preserves. * Outdoor Activities: Offers opportunities for biking, hiking, horseback riding, fishing, birdwatching, canoeing, kayaking, and paddle boarding. Close to Rock Springs Run Reserve 14,000 acres and Seminole State Forrest 28,000 acres. * Accessibility: Easy access to local amenities, major roads, and attractions like Disney, beaches, and historic downtown Sanford. Close to quaint Lake County towns including Mt Dora, Eustis and Tavares, offering shopping, antiquing, restaurants.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1996
Lot:
1.57 Acres
Heating:
Central
Price/sqft:
$327
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$5,189
2025
Waterfront
River Front
Furnished
Partially
All facts and features
  • Flooring

    • Laminate

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Tankless Water Heater

    • Washer

    • Water Filtration System

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Full bathrooms: 4

  • Property

    • Levels: Two

    • Exterior Features: Balcony / Courtyard / Fire Pit / Garden / Lighting / Outdoor Grill / Sliding Doors

    Lot

    • Lot: 1.57 Acres

    Other Property Information

    • Parcel Number: 331929020000002500

    • Zoning: A

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $5,190

  • Source details

    • MLS ID: O6442232

    Other facts

    • Construction Materials: Wood Siding

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Direction Faces: West

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: WEKIVA RIVER

    • Living Area: 4590

    • Water Source: Well

    • Lot Size Dimensions: 100 x 685

    • Subdivision Name: WEKIVA RIVER ACRES

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CREEGAN GROUP