In the Historic Downtown Maitland District amongst beautiful Lake Catherine, Lake Lily, and Park Lake sits the homes of 1061 Cottontail Lane and the adjacent 539 Lake Avenue. Two properties are included in this sale! This is a one-of-a-kind opportunity with many possibilities. LUXURY HOME with a guest house: With five bedrooms, five bathrooms, and 4336 sqft under air conditioning, Cottontail Lane makes a wonderful family home. Large gathering spaces, modern updates, and a beautiful in-ground swimming pool fit today's lifestyle. Lake Avenue is perfect as a private guest house or for extended family needs with two bedrooms, two bathrooms, and 1640 sqft under air conditioning. HOSPITALITY BUSINESS: Live in Lake Avenue and own a business next door. If you've ever dreamed of opening a bed & breakfast, this is the perfect opportunity. Once the site of The Park House hotel with famous visitors including Louisa May Alcott and Presidents Grover Cleveland and Chester Arthur, the property is also well-suited for parties, corporate events, and picturesque weddings. REAL ESTATE HOLDING: Convert the property into your custom real estate portfolio. Maintain several short-term room rentals, adapt the houses into individual apartments, or build new construction. Buyer should confirm plans with the City as zoning and/or land use changes may be necessary to suit your goals. Minutes from I-4 and walking distance to shops and restaurants. Contact your Realtor for more information!