Rare opportunity to own waterfront on Centerville Lake. The combined properties (7216 & 7230 Lavalle) include 500 feet of lakeshore, peninsula on just shy of 2 acres, making it an exceptional opportunity for developers & builders. The properties offer endless possibilities for constructing multiple two-story homes, high-end townhomes, twin homes or more. Several options are: Five lots for single-family homes; four lots for four homes or twin homes (a total of eight), or three lots with 175 feet of shoreline each. Located just 20 minutes from Minneapolis & St. Paul, Centerville Lake is partially surrounded by the Rice Creek Chain of Lakes Park Reserve, providing endless paths, trails & parks, enhancing the appeal of any development. The properties also include two homes, one which was recently updated with 4 beds, 3 baths, two kitchens, & two entrances, providing flexibility for family living or rental income. Please refer to supplements for building details & development options.