For Sale: 79 Acre Lake Geneva Ranch
79 Acres on the South Shore
Opporunity for Family Compound or Divisble
By Wendy Murphy, Real Estate Broker with d'aprile properties
Tucked away on Lake Geneva's South Shore, Black Point Ranch is a 79.44 acre equestrian facility with the perfect mix of tillable acreage, picturesque pastures and woods.
This property is a great find. Land is hard to come by these days and with this location being close to the lake, yacht club and downtown, it's even more rare. The property comes with a robust rental roll each month. While holding costs can be costly for investors, this land produces income from the equestrian center with two barns and a care takers apartment; the two single family rental homes; the pole barn; the tillable acrage and hunting woods. It totals over $100,000 a year in rental income.
The land is zoned C-2, with a section of C-4, and is a prime candidate for subdividing into 5 acre parcels with horses being permitted. The Linn Nature Park is located across Lake Shore Drive to the south and provides equestrian owners easy access to their riding trails. This property is surrounded by luxury lake estates and upscale housing developments, making it also an ideal location to build a country estate with private hiking and riding trails that meanover over a creek.
The property has frontage on South Lake Shore Drive, Maple Ridge and Black Point Road. and has four addresses: W4007 Black Point Rd, W4015 Black Point Rd, W4019 Black Point Rd, and N1596 Maple Ridge Rd. On the north end of the property is where you'll find the eqestrian facilty. There is a ncludes: 197'x70' Riding Barn with 15 horse stalls, 2 tack rooms and huge indoor arena filled with natural light and sand/rubber base. There is a Carriage barn (120'x37') with 12 stalls and a 2 bedroom caretaker apartment. There are also two single family homes on Black Point Road, both with three bedrooms and two baths. Along Maple Ridge Road there is an additional 75'x40' pole barn as well as the tillable acreage.
You will be located close to Geneva Lake and walking distance to Owl Tavern and Linn Nature Park. It’s just a short 10 minute drive to downtown Lake Geneva and all the restaurants and shopping the town has to offer. FOr more information including the rent roll and complete gallery, visit www.BlackPointRanch.net.
Appointment is required. Please don’t enter property without the listing agent.
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