Equestrian Property with Equity Potential near Stockton Lake

Property Description

This rural home offers lots of promise to investors and do-it-yourselfers looking for a great opportunity to quickly build equity in a country estate. Located just a few miles from beautiful Stockton Lake, this stuccoed Spanish-style home and acreage has a lot to offer. Outside, you’ll fall in love with the stately oaks that adorn the yard, offering plenty of shade and a striking presence. Numerous flower beds erupt in color in the spring and summer, with hundreds of flowers sure to satisfy any gardener. Four archways welcome you onto the front porch, inviting a swing or some outdoor chairs for relaxation.

Indoors, you’re sure to love the spacious living room, where the country aesthetic is enhanced by the rough-sawn beam ceiling. A wood stove occupies one end of the living room, promising toasty warmth on the coldest of winter days. The kitchen is spacious, but needs subfloor repair and new flooring. It features an island and plenty of cabinet space and is ready for your own custom touch. All four bedrooms and both bathrooms are located on the main floor, as is the laundry. The unfinished basement offers additional storage, a workbench area, and shelter from storms, and has a door to the backyard. Structurally, the house seems sound. Most of the work needed is cosmetic, including sheetrock, floor repairs, HVAC duct repairs, and painting.

Horse lovers are especially sure to find the property to their liking. The crown jewel for the equestrian owner is the 60’x120’ enclosed riding arena, complete with a sand floor, lighting, and water, as well as plenty of space for custom stalls under the 12’x120’ lean-to that runs the length of the south side, with several access doors into the main arena space. With 2 big swinging doors on each end, there’s also room to drive trailers and equipment right into the building for storage or unloading in inclement weather. In addition to the horse barn, another 30’x70’ livestock barn affords more space for your livestock or pets, as does a smaller loafing shed elsewhere on the property.

If your interests don’t include horses or livestock, there’s still good reason to look at this property, as the riding arena could be converted into boat and RV storage as well. With thousands of visitors to Stockton Lake each year, it’s a sure bet that many of those visitors would prefer to store their boats and campers. With this property’s location just minutes from the lake and on a paved highway, high demand for enclosed storage seems likely.

If your skill set includes construction and repair, this represents a great opportunity to quickly build equity into an investment, whether for your own use or as a property to fix and flip. To schedule an appointment to see this property before it’s gone, call Land Agent Scott Sudkamp at (417) 321-5427 today.