423 N Shore Drive Clear Lake, IA 50428 Residential - Single Family

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Description

RARE NORTH SHORE OPPORTUNITY WITH DEVELOPMENT, INVESTMENT & RECREATIONAL POTENTIAL! Located in one of Clear Lake's most sought-after areas, 423 N Shore Dr offers a unique combination of location, lot size, history and future possibilities. Set on approximately 0.30 acre with a 99' x 132' lot, the property includes a 3-bedroom, 2-bath historic two-story home, detached cabin, garage and additional shop/outbuilding space. The main home, once known as the Anchor Inn Boarding House, features original built-ins, leaded glass, an open staircase, clawfoot tub and timeless character throughout. What truly sets this property apart is the flexibility of the site. Access from 5th Ave N offers a great lake view and adds another layer of appeal and usability. Whether you envision a Clear Lake retreat, investment property, guest accommodations, vacation-rental concept or future redevelopment, the oversized parcel and multiple structures create options rarely found this close to the lake, Surf Ballroom and downtown. The shop has been marketed with water and sewer service. Buyers are encouraged to explore potential future uses, including redevelopment, rental or other residential opportunities, with the City of Clear Lake. All development, rental, occupancy and zoning possibilities are subject to buyer verification and applicable approvals. A truly one-of-a-kind North Shore property with room to imagine what comes next! Call us today!

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,760
Garage Size: 2
Built in 1900

General Information

Bedrooms: 3
Bathrooms: 2
Sqft: 1,760
County: Cerro Gordo
Listed By:
Hall Realty 641-357-7373
No Coast MLS
$575,000
Est. $3,838/mo
3beds
2baths
1,760sqft
2cars
New to the Market Active
BEDS3 BATHS2 full SQUARE FEET1,760 MLS#6341951
STATUS PROPERTY TYPEResidential - Single Family

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423 N Shore Drive, Clear Lake, IA 50428.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $575,000$575,000$575,000
Down Payment $115,000$20,125$143,750
Monthly Mortgage Amount $2,870$3,522$3,581
Taxes $800$800$800
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$253$0
Monthly Estimated Total $3,838$4,743$4,549

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