Okeechobee Shores RV Resort — 170 Entitled Pads | Shovel-Ready Development
Okeechobee, FL
Asking price
$3,750,000
Sites
170
Cap rate
—
Price / site
$22,059
About this property
170 Entitled RV Pads | Shovel-Ready Development | $3,750,000 (~$22K/pad) Okeechobee Shores is a fully entitled RV resort development site — 18.39 acres approved for 170 RV pads with direct US-441 frontage, minutes from Lake Okeechobee. This is entitled development land, not an operating resort: there is no current rent roll or in-place income. Underwriting is based on entitlement and engineering readiness and time-to-start. Critical development work is complete — civil engineering, septic and well design, wetland mitigation, and final site planning — with remaining agency items advancing on a defined schedule. Ownership has invested $1.6M+ in land and soft costs to deliver a site positioned for near-term horizontal development. 18.39± acres | 170 approved RV pads | park-model flexibility Septic/well + full civil plan set (developer-ready) US-441 frontage | proximity to Lake Okeechobee Time-to-start advantage — de-risked entitlement/engineering track Underwriting modeled to $90K–$110K/pad stabilized exit potential Full OM, plan set, and data room available upon execution of a confidentiality agreement. Conventional sale, seller financing, or JV structures considered with qualified developers. Contact Jose A. Villao, VP of Investments, Leisure Investment Properties Group.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $3,750,000 |
|---|---|
| Sites | 170 |
| Price per site | $22,059 |
| Address | 8275 U.S. 441 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
7 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Site count and hookup mix — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
