Property Detail

Description

Lakeport’s Premier Waterfront Income Property- A rare opportunity to acquire a true mixed-use waterfront investment in the heart of Lakeport. Lucky 4 Resort combines multiple income streams, an irreplaceable Clear Lake setting, and meaningful upside on approximately 1.99 acres stretching from highly visible North Main Street to approximately 142 feet of lake frontage. The property includes 27 mobile home/RV spaces, a popular café, three additional commercial spaces, a duplex, single-family residence, laundry and storage buildings, plus a waterfront pier and covered deck with expansive Clear Lake and Mt. Konocti views. Public water and connected sewer serve the property, while the mix of residential, commercial and mobile/RV uses creates a diversified income base within a single investment. Ownership has made substantial improvements since 2025, including roofing and exterior work, a four-zone mini-split system, additional renovations to the residence, duplex flooring and appliance improvements, and extensive property cleanup. The opportunity lies not only in the income already in place, but in what comes next. Existing vacancies offer immediate lease-up potential, while the property's waterfront frontage and mixed-use configuration provide compelling possibilities for continued repositioning and long-term value creation. Located next to Skylark Shores Resort and just down the street from Xabatin Lakefront Park, Library Park and the Silveira Community Center, Lucky 4 occupies a distinctive position along Lakeport's waterfront corridor. For an investor seeking a 1031 exchange, diversified income property, or a waterfront asset with significant long-term potential, Lucky 4 Resort offers a combination that is increasingly difficult to find: location, income, waterfront and upside—all in one property.