Lake Front Vacant Land ready to build! Don't miss the Virtual Tour with drone footage for this listing! Rare opportunity on sought-after Lost Land Lake, connected to Teal Lake (2,290 acres of water connected!), offering exceptional fishing for musky, walleye, and more. This scenic waterfront parcel is ideally positioned on a quiet stretch of shoreline and is primed for residential and/or commercial development. Formerly home to the Red Deer Resort lodge, bar, and adjacent residence, the property is ready for redevelopment with established building permits, liquor licenses, and rental licenses already in place (Buyer would be required to obtain their permits/licenses). A unique investment opportunity as the property offers immediate income potential through condo maintenance fees and cabin rental management, with significant upside for future lodge, bar, or restaurant operations. The Condominium Dues are $75/Monthly for 5 Existing Cabins (For Condo. Management snow removal & lawn maintenance) Property includes a 2-car garage/workshop; existing well, septic, electricity, and a full 1,000-gallon propane tank. Additional features include a parking lot, plow truck with Boss V-plow, two docks (T-shaped and L-shaped, both 32'), two electric boat lifts (one covered), and a fleet of recreational equipment including an 18' Sweetwater pontoon with Yamaha motor, ShelterLogic shed, Cub Cadet zero-turn mower, paddleboat, canoe, rowboat, log splitter, dual 100-gallon gravity gas tanks, and a new 3-bin stainless steel bar sink. Condo association amenities include a boat launch, campfire area, fish cleaning house with plumbing, and equipment shed. Bylaws and declaration available upon request. Negotiable for sale, not included in listing price: 31' Four Winds camper, Tractor from approx. 2022 with Case IH with Loader, Forks, Back Blade, & V-Plow. Also negotiable are the Arctic Cat Sno Pro 1100 Snowmobile & the 2020 Polaris 1000 Side-by-Side.