About this home

Turnkey investment opportunity with a lake view! This Lake Graham leasehold property offers incredible financial flexibility and cash flow potential, easily functioning as a full-time residence, an income generator, or a blended-use retreat. Includes two distinct, beautifully updated residences built in 2022. The 1,200 sq. ft. house offers a comfortable 1 large ensuite bedroom with a bathroom and walk-in closet connecting to a utility room with washer and dryer hookups. The open concept kitchen and living room combo features granite-countertops beneath vaulted ceilings. Both the living room and the bedroom have sliding doors access to a covered back porch with multiple seating and dining spaces facing the western sky lake view for morning coffee, afternoon drinks, and family cookouts. Includes a half bath for guests and gatherings. Under the same roof as the main house is a 600 square foot carport workshop that could converted to extra living space if needed. Both the main house and the efficiency apartment boast custom granite countertops with modern finishes in the kitchens and bathrooms with luxury wood like vinyl flooring throughout. The property's income potential is the separate 600 sq. ft. efficiency apartment, currently operating as an affiliated AirBNB, generating 1,000-1,500 monthly. This apartment was designed as a handicap accessible unit with it's own kitchen, bedroom, and bathroom. The yard has a sprinkler system with the water supplied from Lake Graham. Included is a parking space ready for a travel trailer with water and sewer hookups for personal use or as another rental potential. Along with storage container on site, the sellers are open to negotiating most of furnishings (except for some family heirlooms), furniture, appliances, tools, and yard equipment, The City of Graham leasehold is currently $1,000 a year (discounts available for 65+ and homestead). This is a rare chance to offset your lake lifestyle with established income.

Facts and features

Schools

• Graham Junior High School

  middle · 6-8 · 6.1 mi

  6

• Graham High School

  high · 9-12 · 6.6 mi

  6

• Crestview Elementary School

  elementary · 1 · 6.0 mi

• Graham Learning Center

  high · 11-12 · 6.2 mi

• Pioneer Elementary School

  elementary · K · 6.6 mi

• Woodland Elementary School

  elementary · K-5 · 7.1 mi

  5

Price history

• Oct 17, 2026 · Listed$399,000

Tax history

• 2026$4,990 tax · $268,517 assessed
• 2025$4,916 tax · $260,067 assessed
• 2023$2,501 tax · $129,960 assessed
• 2022$2,806 tax · $130,980 assessed
• 2021$907 tax · $38,500 assessed
• 2020$882 tax · $38,500 assessed

Home value

$395,538

• Quantarium$395,538
• Collateral Analytics$406,000
• Cotality$303,600

Where it is