Property Description

A proven, high-performing short-term rental on Lake Como. Watersedge has an established track record as one of the area's top-earning vacation rentals, with strong year-round bookings and a loyal guest following. B-6 zoning allows year-round rentals with no minimum stays, a big plus for investors. With 13 bedrooms and 8.5 bathrooms across two large homes, you can rent them separately or together for large groups, family reunions, and golf getaways. Ask the listing agent about the impressive income history. Guests come for the history. Built in 1890 on the south shore of Lake Como, Watersedge was a hangout for Chicago mobster Bugs Moran, Al Capone's rival. The original basement walk-in vault, with its steel Trumbull Chicago door, is now a speakeasy. It's a story that sells itself. The two homes sit side by side, joined by a two-car garage with a shared rooftop deck. One has six bedrooms and four and a half bathrooms. The other has seven bedrooms and four bathrooms. Each has its own private yard, lakefront deck, beach, and pier. The 1.26 acres include 400 feet of level lake frontage and a lakefront cabana, with stunning lake views and sunsets overlooking Geneva National and its three championship golf courses. Walking distance to Mars Resort, the Getaway, and the Lodge. Run both homes as a full-time vacation rental business, live in one and rent the other, or keep it as a private family compound. Sold turnkey with all furniture and furnishings. Sold as-is. The property needs repairs to bring it back to its full glory.

Property Features