Three potential options for this spectacular 1+ acre lakefront property!Option #1: Investment property with two homes. Lakefront cottage #25 is currently rented and income producing. Roadside home #23 is a fixer-upper, sold as-is.Option #2: Single family lakefront estate - approximately 6800 square foot, three level custom home on over an acre of lakefront property.Option #3: Five single family lakeside resort cottages in a condominium-type community.Technical reviews by the town of Mount Arlington were positive. Town approvals are needed. Tenant pays $1750 per month on a month to month basis.Renderings are available for options two and three thru F.J. Rawding, AIA Architects.Price does not include home or cottages to be built or architectural renderings.