• 101 days on site
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Waterfront Opportunity on Lake of Egypt with Flexible Living + Income Potential Welcome to this unique lakefront property offering approximately 90 feet of waterfront and a layout designed for versatility. The main level features 2 bedrooms, 1 bathroom, and a comfortable living space with access to a massive back deck overlooking the water—perfect for entertaining, relaxing, and taking in the lake views. The lower level is accessed from the exterior only, creating a separate private space ideal for guests, extended family, or potential rental use. This setup opens the door for multiple strategies—use the property as a full-time residence, weekend getaway, or explore supplemental income through short-term, mid-term, or long-term rentals (buyer to verify). Additional features include a 2-car garage, ample storage, and outdoor space built for enjoying the lake lifestyle. Water depth is approximately 6 feet off the dock area. The dock is in need of repair, presenting an opportunity for the next owner to update or customize to their preference. Property is priced with this in mind. Whether you’re looking for a lake home that can help offset ownership costs or a flexible investment in a high-demand lake area, this property offers options that are hard to find. Schedule your showing today and explore the potential this lakefront property has to offer.

Source: RMLS Alliance, MLS#: PA1264966

Listing provided courtesy of Selling SI RealtyRhiannon SandefurRMLS Alliance- MLS# PA1264966MLS ProviderContact Information: Mobile: 618-638-4992
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  • Property Type
    Residential

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1515 Lake Shore Drive South


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/8/2026Source: RMLS Alliance Price Reduction
$259,000 -7.5%
4/11/2026Source: RMLS Alliance Price Reduction
$279,900 -6.4%
3/20/2026Source: RMLS Alliance Added to Database
March 20, 2026