This confidential Central Florida opportunity offers a rare lakefront MHC hybrid community with multiple income streams and significant repositioning potential. The ±7-acre property includes rental units, affidavit-confirmed vacant pads, and underutilized commercial structures, creating multiple levers for NOI growth. Investors will benefit from a below-replacement cost basis, strong demographic tailwinds in the Ocala–The Villages growth corridor, and a clear value-add path through lease-up, rent optimization, and ancillary income.