Listed by Jim Sivalon of Platinum Real Estate ([email protected])
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.

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Based on information submitted to MLS Now as of October 28, 2026 7:26 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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