Under contract-accepting backup offers. BACK ON THE MARKET! Rare opportunity to acquire a lakefront property in one of Groveland’s most rapidly improving areas. Situated directly across from the lake and just steps from a beautifully maintained city park, this property offers strong upside potential for investors or buyers looking to create a customized waterfront residence. The home features a flexible two-level layout with separate living areas, including an upper level with 2 bedrooms, 1 bathroom, and kitchen, and a lower level with 3 bedrooms and 1 bathroom—ideal for multi-generational living, rental income, or creative repositioning. Surrounded by renovated homes and ongoing neighborhood improvements, this is a location-driven investment with long-term value. The property requires updates, including HVAC, windows, and interior renovations, and is being sold as-is. Currently tenant-occupied on a month-to-month basis. Showings by appointment only.