Under contract-accepting backup offers. Established and well-run Assisted Living Facility. 13 rooms, three full baths, 7.5 half baths, and a separate walk-in shower. Currently housing eleven occupants, but is licensed for 13 occupants. Situated on serene Lake Diane, a spring-fed lake with 140' of water frontage. The center of the building has the lobby area and a large, open area used for gathering and dining. The common areas and most rooms have gorgeous lake views! The upstairs has three rooms and one full bath. Features include a large TV room, activity room, laundry room, and nicely appointed kitchen area with a fire suppression system, one freezer, and two refrigerators. There are four electrical panels, three central heat and air conditioning units, two natural gas water heaters, and a natural gas generator. There is a fully monitored alarm system with alarms on all windows and doors. There are seven parking spaces with room for possibly two more and a one-car garage. Walking distance to Dunedin Elementary and Middle schools. Close to the Pinellas Trail, and a short drive to downtown Dunedin. This property has many possibilities and is a must-see!