Located in Miami County, between Paola and Ottawa, A conveniently located 40+- Acre property lies perfect for a family compound or an investment. The opportunity to build your dream home and have your family live on the same property in the farmhouse is here. Or rent it out for income! A 1600+ square foot remodeled farmhouse, built in 1900, sits on the northeast corner of the property. With fresh exterior paint and brand new carpet, this home is immediately move in ready. The lower floor includes two living rooms, kitchen, bedroom, and a full bath. Up the staircase leads to 4 bedrooms with one of the bedrooms being a prime location to add another bathroom over the kitchen. There is Central Ac along with a propane furnace. The utilities are served by Evergy and Miami County Rural Water #2. The home is surrounded by large hardwood trees for that movie type farmhouse feel and the two porches await a couple chairs and a cup of coffee. The property consists of 40+- acres with a 2000 sqft farm utility building with electric ready for equipment storage or boat storage as 4,580 acre Hillsdale Lake is seemingly right around the corner. Along with a historic 1930’s milk barn. The pasture is fully fenced and cross-fenced if you decide to bring your cows, horses, or want to start a farm. There are plenty of shade trees including a pond for water along with water hydrants. The front hay ground consists of brome, fescue, and clover. Don’t miss out on this opportunity to invest as a short-term rental or a bed and breakfast while you build your own home on the property or bring the family together on one property!