70 Shore Resort RdEldon, MO 65026

Property Details for 70 Shore Resort Rd

Year built

1969

Construction

FRAME

Property size (Sq ft)

2,016 SF

Property type

Hotels

Property subtype

Motels

APN

132010004005009000

APU

132010004005009000

Description

This exceptional Lake of the Ozarks property, situated at the 3.5-mile marker on 7.9 acres, offers over 800 feet of stunning shoreline. The main residence features two levels, each with its own kitchen and fireplace, plus a deck showcasing breathtaking lake views. Income potential is maximized with twelve existing rental units: four three-bedroom cabins, four two-bedroom cabins, and four efficiency apartments. A dedicated recreation building with a waterfront deck presents a unique opportunity for expansion, potentially as a restaurant or bar. Boating amenities are extensive, including a substantial dock (previously a gas dock), two covered docks with 14 slips, a concrete boat ramp, and two boat storage buildings with capacity for 20 boats. Only half the acreage is currently developed, leaving ample room for future expansion, such as a campground. The property is unrestricted, allowing for diverse development options. Located in a tranquil neighborhood, it enjoys convenient proximity to the vibrant Bagnell Dam Strip, approximately 5 miles away. This prime location on the 54,000-acre Lake of the Ozarks attracts visitors nationwide. The property's size, amenities, and income-generating potential make it an outstanding investment opportunity. The 2,680 square foot main home provides ample space for owners or management. This is a truly unique opportunity to own a thriving lakeside resort with significant expansion potential.

• CAP approach

  CAP return

  Valuation

  6%

  $448,720

  6.5%

  $414,203

  7%

  $384,617

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,343

  Geo Method

  $369,343

• Alternative Use

  Use

  Valuation

  Residential

  $452,189

  Hospitality

  $414,203

  Educational

  $344,612

  Medical

  $356,464

  Retail

  $536,063

Location Insight

City

Eldon

County

Miller

State

Missouri

Latitude

38.2359

Longitude

-92.684

Property Tax & Assessments

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