Welcome to 3 Colony Court! Excited to introduce this remarkable turnkey (furnished) home located in the heart of The Galena Territory. It is a beautifully maintained property with a valid Jo Daviess County Guest Accommodation License and a proven short-term rental (STR) income history! It has earned a stellar reputation with VRBO (5.0-star average rating). Per Seller: it has averaged $79,000 in annual income for each of the last two years & is well on pace this year with over $50,000 in income through mid-August. The property adjoins a 20+ acre greenspace and is serviced by central sewer and water. A detailed list of property improvements can be found in Associated Documents with highlights listed here. In 2018, the kitchen was remodeled with quartz countertops, knotty alder cabinets, farmhouse sink, stainless KitchenAid appliances, range hood & luxury vinyl flooring. Additionally, on the exterior, a new limestone retaining wall was installed as well as a new concrete pad. In 2019, the upper front ensuite and the lower bathroom were remodeled, the home exterior was re-stained/painted in a three-color combination including siding, trim, shutters & doors. In 2020, the main floor master ensuite was remodeled to include an oversized soaking tub, double vanity, flooring and more. In 2021, the home was converted to Natural Gas including fireplace, two new water heaters, 1 new gas dryer & the existing gas dryer (two w/d sets, 1 set for guests). The front porch and rear deck were also upgraded with Ultra Deck Fusion (composite like Trex). In 2022, both the upper back bedroom ensuite bath and lower-level family room were remodeled. Another feature of the home that makes (STR) ownership easier is the ample owner's storage room with a separate entrance, mechanical equipment as well as the second washer dryer set for rental turnovers. With many major updates completed, as the new homeowner(s), you can kick back and enjoy the bookings and rental income or you and/oryour guests can take advantage of the many home amenities. The outdoor spaces including the front porch, rear main level deck, large screened-in-porch, lower level deck & of course... the sparkling hot tub! Find R&R by the fireplace in the cozy living room or spend timein the spacious family room or loft. Once rejuvenated from a memorable stay at this prized property, you and/or your guests can connect with the paved asphalt trail system. The trail leads you to all four Eagle Ridge Golf Courses, Lake Galena, Eagle Ridge Resort & (newly opened) Spa, and ultimately the Property Owners Club! The Club includes indoor/outdoor pools, tennis/pickleball courts, fitness center, boating/kayaking/fishing on Lake Galena, 20 miles of nature/hiking trails or you can mosey on down to the Shenandoah horseback riding center. Be sure to make time to explore the historic City of Galena - a short 10 minute car ride to restaurants, shopping and activities. Sellers will be reviewing and responding to all offers after 4 pm on 8/24/23.