Options for developing 2.35 acres of lake front property.

[Michele Renee]

I purchased 2.35 acres of lake front property with over 950' of beach shoreline. There is an older home that I completely remodeled and currently using for a short term rental. The property could easily be divided into 8 (4 lake front and 4 lake view) separate lots. My original plan was to build single family homes and use for short term rentals. I would like some advice about moving forward with the plan for STR with a back up plan to build and sell, change to a small multifamily model, or another option. There are no restrictions or zoning issues on the property since it's not located in city limits but it is surrounded with single family homes.