2404 Waycross Ave Eustis, FL 32726

Income-Producing Lakeview Estate with Fully Independent ADU - Proven Rental Potential Across from East Crooked Lake Perched on an elevated ridge directly across from spring-fed East Crooked Lake, this beautifully remodeled mid-century property is more than a home - it's a strategic investment opportunity with built-in income potential. With a fully independent 720 sq ft apartment over the garage, this property offers flexibility for multigenerational living, long-term rental income, or short-term rental strategy. The separate ADU is a true residence featuring its own entrance, full kitchen, living room, bedroom, full bath, laundry, office nook, and private yard space. This is not just a bonus room - it functions as a complete second home. For investors, this creates dual-income capability. For owner-occupants, it offers offset mortgage potential while building equity. A separate turnkey furnishing package is available, making this unit move-in or rental-ready immediately. The main residence delivers 3 bedrooms and 2 baths with a fresh, modern interior filled with natural light. Engineered wood floors, granite countertops throughout, and French doors open to a private fenced courtyard ideal for outdoor dining and entertaining. From the expansive balcony deck, enjoy stunning sunset views over the lake - a feature that enhances both lifestyle appeal and rental desirability. Recent capital improvements include a new roof (2020) and HVAC (2023), providing peace of mind for homeowners and investors alike. The oversized garage with storage plus dual driveways offers abundant parking - ideal for tenants, guests, boats, or recreational vehicles. The corner lot design ensures low maintenance with maximum usability. Located in Unincorporated Lake County just minutes from the US-441 Mt. Dora/Eustis corridor, this property combines lake-view ambiance with convenient access to shopping, dining, and everyday services - a key factor for strong rental performance and long-term value retention. Whether you're seeking multigenerational flexibility, supplemental income, or a portfoliobuilding asset, this property delivers multiple exit strategies in one unique package. Live in one, rent the other - or maximize both. A rare opportunity to secure a lakeview property that works as hard as you do.