920 Park Way, Lakeport, CA, CA 95453

Property Description

Multi-Generational Living & Built-In Rental Income on Nearly 3 Acres! Looking for a family compound, multi-generational living opportunity, or a property with built-in residual income? This exceptional property features two homes on approximately 3 acres, offering flexibility, space, and investment potential. The custom-built main residence is a spacious 4-bedroom, 3-bath 2,327 sq ft, two-story home with a dedicated office. A formal entry welcomes you with a grand staircase, while the thoughtfully designed floor plan provides multiple gathering spaces, including a living room, dining room, and family room that flow seamlessly together—perfect for entertaining and holiday celebrations. At the heart of the home, the kitchen offers ample workspace with Corian countertops, oak cabinetry throughout, and a separate laundry room. The oversized primary suite is a true retreat, featuring a large walk-in closet, remodeled bathroom, and private deck where you can enjoy your morning coffee while taking in the surrounding views. An additional deck off the kitchen provides even more outdoor living space. The second home (ADU) is approximately 1,400 square feet and features 2 bedrooms, 2 baths, owned solar, newer carpet, refrigerator, and dishwasher—making it ideal for extended family, guests, or rental income opportunities. Outside, you'll find plenty of room to enjoy country living, including a garden with a drip irrigation system, greenhouse, workshop, and water system ready for a potential orchard. Both homes offer the convenience of attached two-car garages and are all-electric. Conveniently located within minutes of the hospital, schools, shopping, and the lake, this property also offers an easy 35-minute commute to Ukiah. For added peace of mind, both homes have completed pest inspections and have been cleared, making this an excellent option for VA and FHA buyers. The property is also located next to a fire station and directly across from a fire hydrant. Whether you're seeking a move-up home with room for extended family, an income-producing property, or a unique multi-family living arrangement, this versatile estate offers an outstanding opportunity.