Listing Details for MLS #C7512094
606 E Oak Street, Arcadia, Fl

Residential Property - Single Family Residence in Arcadia

Listing Price: $1,150,000 (Mortgage Calculator →)

Description of Property

Business opportunity! Collecting $120,000 a year. Discover the only Bed and Breakfast in Arcadia, Florida—a fully operational and turnkey business that consistently generates excellent income. Located in the heart of the historic district, this stunning Victorian-style gem offers a remarkable opportunity to own a piece of history. The property features spacious interiors and impressive historical elements that captivate guests. It includes two suites and one double suite upstairs, as well as one large double suite downstairs, all available for rent at a starting rate of $140.00. Large groups are welcome, and the entire property can be rented for special events rates start at $800 a night. Each of the four spacious suites boasts charming decorative fireplaces, providing a unique experience with their distinctive themes. The sunroom is a must-see, offering the perfect retreat for reading a book or enjoying a peaceful rainy day. The massive living room creates a welcoming atmosphere, while the breakfast and dining room invites you to admire the high ceilings and beautiful woodwork, making the entire space feel open and inviting. The generous front porch, complete with a hanging swing, adds to the charm on breezy days. Additional outdoor amenities include ample parking, patio sitting areas, an outdoor grill, and a ping pong net, enhancing the outdoor experience for both guests and owners. Furthermore, a detached cottage can also be a rental with starting rate of $200 a night this adds more privacy, making it ideal for a manager’s residence or extra rental space during peak seasons. Situated on 0.70 acres on a corner lot with easy access from multiple streets, this property provides plenty of parking and fabulous lush green areas. Additionally, included is a two-bedroom with bonus room, one-bath home. Located across the street that rents for $2,200 monthly (607 E Oak ST). This home sits on two corner lots totaling .46 acres, with the second lot considered a buildable lot of record, ideal for adding another home or expanding parking. This home may also be useful for an onsite manager/owner or added rental space during the busy season. The current manager is ready to stay on board to ensure a seamless transition for the new owner. This property has a high potential to increase revenue. This place is huge. The property itself has plenty a room for nice pool. What a fantastic deal—a thriving business and a home for the owner all in one! Don’t forget to check out the Arcadia Bed and Breakfast website and reviews!This is the only 5 bedroom/5 bath single family residence between $1,000,000 and $1,400,000 currently listed for sale in this Zip code.