5191 Lake Rd Lower Lake, CA 95457
For Sale
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This exceptional 2.77-acre parcel in Lower Lake, CA (95457), offers breathtaking panoramic views of Clear Lake, Clearlake City, Indian Island, Anderson Marsh, and surrounding hills. Located just past Jago Bay Vineyards, this property boasts a desirable location known for its high-quality homes and tranquil, private setting. The land is equipped with a well, a fully installed septic system, and a prepared building pad, simplifying the construction process. Power is readily available at the site. A shared boat slip is conveniently located nearby, adding to the property's appeal. The asking price is $149,900, translating to approximately $54,066 per acre. Seller financing is available with a 25% down payment ($37,475), and a balance of $112,425 financed at 6% interest, amortized over 20 years with a 5-year balloon payment. The estimated monthly payment is $801. This is a rare opportunity to build your dream home in an idyllic setting with stunning lake views and convenient amenities. The address is 5191 Lake Rd, Lower Lake, CA 95457.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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