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RARE LAKEVIEW MULTI-GENERATIONAL ESTATE OR INCOME PROPERTY ON TWO LOTS! Perched in one of Lake County's most desirable and sought-after communities, this move-in-ready property offers breathtaking panoramic lake views that must be seen in person to be fully appreciated. Located in a safe, tight-knit residential neighborhood, this unique opportunity combines flexible living, strong rental potential, and future development possibilities. Featuring 5 bedrooms and 5 full bathrooms, the property is currently configured as three separate living spaces, making it ideal for multi-generational living, vacation rental use, or investors seeking strong cash flow potential. The upper unit offers spectacular lake views, 2 bedrooms, 2 full bathrooms, its own garage, indoor laundry hookups, newer stove, and an expansive vantage point overlooking the water. The lower unit features 2 bedrooms, 2 full bathrooms, its own garage, indoor laundry hookups, newer stove, and a private patio perfect for outdoor enjoyment. The studio apartment boasts brand-new premium waterproof laminate flooring, a sliding glass door leading to its own private patio. Situated on two separate lots, the property offers exceptional flexibility. Keep the lots separate and explore the possibility of building an additional home, or merge them into one larger parcel. As an end-of-street location, the property extends to the roadway, providing added privacy with no neighboring home on one side. Additional highlights include: "¢ New carpeting in both 2-bedroom units "¢ Stoves less than 2 years old "¢ Indoor laundry hookups in both main units "¢ Estimated rental potential of approximately $5,000+ per month "¢ Desirable school district "¢ Move-in ready condition Residents enjoy access to Riviera West amenities through a modest annual HOA fee, including a community pool and clubhouse. Nearby attractions include dining, entertainment, fitness facilities, and recreation at Konocti Harbor. The home has been priced to reflect that a roof replacement will likely be needed in the future, along with minor siding repairs, presenting an excellent opportunity for buyers to secure a rare lakeview property at exceptional value. Properties offering this combination of views, income potential, privacy, and future development opportunities are rarely available. Schedule your showing today.
Property Type(s):
Single Family
| Last Updated | 6/5/2026 | Year Built | 1984 |
|---|---|---|---|
| Community | LCRW - Riviera West | Garage Spaces | 2.0 |
| County | Lake |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | LCRW - Riviera West |
| EXTERIOR | Dock |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Central |
| HOA DUES | 323|Annually |
| INTERIOR | Walk-In Closet(s) |
| LOT | 0.63 acre(s) |
| LOT DESCRIPTION | Back Yard, Front Yard |
| LOT DIMENSIONS | 27443 |
| PARKING | Attached |
| POOL DESCRIPTION | Community, Association |
| SEWER | Septic Tank |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Mountain(s), Neighborhood, Trees/Woods, Water |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
Location
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Listed with August Schmitt Realty Solutions
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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