Property Description

Prime Waterfront Investment Opportunity on Lake Erie! Welcome to Unit #25 at Cabins on the Lake (5919 Lake Rd W, Ashtabula, OH)-a brand-new 2026 construction, 2-story log-style cabin offering 3 bedrooms, 2 full bathrooms, and 1,364 sq. ft. of pristine, open-concept living space. Delivered completely unfurnished, this cabin offers the ultimate blank canvas for an investor or owner-operator to design, style, and curate a high-performing short-term rental (STR) setup tailored for maximum nightly rates on Airbnb and Vrbo. Whether you are looking to build out a luxury vacation escape, a themed lakeside retreat, or a turnkey cash-flowing asset, Unit #25 provides unmatched flexibility. Unmatched Location & Low-Maintenance Ownership: Nestled right along the shores of Lake Erie, this complex is designed for hassle-free ownership. The low $200/month HOA fee ($2,400/year) covers all exterior building maintenance, professional lawn and grounds care, winter snow removal for driveways and common walkways, on-site trash service, and shared lake access points. Outdoor hot tubs are permitted on individual unit lots with board approval, giving you a proven amenity option to boost year-round occupancy and revenue. Flexible Portfolio & Seller Financing Terms: Unit #25 carries its own individual condominium deed, giving you full independence, individual resale capability, and future portfolio flexibility. Short-term rentals are fully permitted under the condo declaration with no caps or operational restrictions. To help facilitate a seamless transaction, attractive seller financing is available with a minimum 20% down payment on a recorded 1st position mortgage. Don't miss out on securing a brand-new, high-yield waterfront STR asset in Ashtabula's growing vacation corridor! Schedule your showing today.

Property Features

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