3829 First Point Beach Drive, Wakaw Lake

About this property

Year-Round Lakefront Living on Wakaw Lake – Income Producing + Rare Lot Advantage The perfect opportunity on Wakaw Lake is here . This beautifully renovated 4-bedroom walk-out cabin on First Point Beach offers year-round living, proven rental income, and one of the biggest advantages on the lake: very limited slope to the water. No long, steep, winding staircases like many other lake properties — just easy, practical access to the shoreline. That alone makes this property stand out. Inside, you’ll find: • 780 sq ft on the main level • Just over 600 sq ft of developed walk-out basement space • 4-piece bathroom upstairs • 2-piece bathroom downstairs • Covered deck with beautiful lake views The layout is ideal for hosting, family living, or maximizing rental revenue. For the past two years, this property has operated as a successful rental. Whether you want a personal lake retreat, an investment property, or both — this home is already set up to generate income. This is not a summer-only cabin. It is set up for year-round enjoyment, giving you flexibility and stronger long-term value. Utilities • 1200-gallon water holding tank system • 1200-gallon septic holding tank • Well on property (not currently used due to hard water). The hot tub and shed are negotiable, offering flexibility depending on buyer preference. Bonus Opportunity Across the Road There is an opportunity to enter into a 25-year lease on the storage lot directly across from the property — perfect for additional storage, boat/RV space, or future garage potential. This is a rare add-on opportunity at the lake. This property offers: ? Easy water access (minimal slope) ? Walk-out basement ? Year-round living ? Rental income history ? Expansion/storage potential Lake properties with this combination do not come up often — especially on First Point Beach. AS WELL >> THE PROPERTY TO THE WEST OF THIS IS FOR SALE! (id:66939)