Lakefront Pool SFR Flip in Lake County

This 1962 single-story lakefront home offers 4 bedrooms, 2.5 bathrooms, 2,747 sq ft of living area and a 2-car carport on a 16,013 sq ft lot. The property includes direct Lake Umatilla frontage, a screened in-ground pool, fireplace, bonus/bar area, public water and sewer, and no HOA. The home needs a full interior renovation, including completion of the kitchen, ceiling and drywall repairs, flooring, paint, bathroom updates and pool service. The residence is primarily located in Flood Zone X, with a small shoreline portion of the lot extending into Zone AE.

Repairs Needed

• Complete the kitchen renovation
• Repair opened ceilings and replace moisture-damaged drywall and insulation
• Evaluate and repair affected roof decking and framing as needed
• Update the bathrooms
• Install new flooring throughout
• Complete interior paint, doors, trim and fixtures
• Finish exposed electrical and lighting work
• Service the HVAC and plumbing systems
• Clean and service the pool and screen enclosure
• Complete exterior cleanup and landscaping

Comparable Sales

1. 187 E Lakeview St – 3/2.5, 1,929 sq ft, sold February 2026 for $490,000. Same-street lakefront pool home with a two-car garage; substantially smaller living area but superior with a 0.79-acre lot.
2. 280 Palm Ct – 4/3, 2,624 sq ft, sold June 2026 for $480,000. Similar-size Lake Umatilla home with a private dock, detached two-car garage and 0.93 acre, but no pool.
3. 40 S Kentucky Ave – 4/3, 2,521 sq ft, sold April 2026 for $395,000. Similar-size pool home on a nearly identical lot, but without lake frontage.
4. 243 S Central Ave – 3/3, 1,961 sq ft, sold July 2026 for $598,000. Lakefront pool home with 1.63 acres, private dock, boat and jet-ski lifts, guest house and workshop, making it an upper-end comparison.
5. 311 S Central Ave – 4/3, 2,360 sq ft, sold May 2026 for $360,000. Updated home with similar living area, but without lake frontage or a pool.

ARV & Rental Analysis

Estimated ARV: $500,000 to $525,000 +/-

Estimated Rent: $2,900 to $3,300 per month +/-