The Dew Drop Inn & Okeechobee Lake RV Park
Okeechobee, FL
Asking price
$5,900,000
Sites
55
Cap rate
7.70%
Price / site
$107,273
About this property
Value-Add RV Portfolio Two Contiguous Parks | 123 Total Pads | Canal Frontage to Lake Okeechobee Rare opportunity to acquire two side-by-side RV communities—Dew Drop RV Park and Okeechobee Lake RV Park—situated on a combined 10.2 acres with canal frontage offering direct boating access to Lake Okeechobee, one of Florida’s premier fishing and recreational destinations. Dew Drop RV Park was developed in 1988 and spans approximately 3.9 acres with 57 rent-only pads. The community features paved interior roads, dual points of ingress/egress, and sub-metered public water service with septic infrastructure in place. Okeechobee Lake RV Park contains 66 rent-only pads and is improved with a clubhouse and freestanding bathroom/shower facility. Residents are billed back for their pro-rata share of water and electric, providing an operational framework for expense recovery. The offering also includes a large out-parcel with prominent frontage along Hwy 78 W, delivering strong visibility and traffic counts. This site creates additional income strategies, including retail, service, storage, or complementary RV-related uses. This 123-pad contiguous portfolio offers significant value-add upside through rent optimization, operational efficiencies, and targeted capital improvements. Additional Parks Available for Purchase: 55 Pads on Lake Okeechobee Lake Rim $3.1 MM 28 Pads Okeechobee $1,350,000 with upside and in place 9% Cap Rate
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 | $5,900,000 |
|---|---|
| Sites | 55 |
| Price per site | $107,273 |
| Cap rate | 7.70% |
| Year built | 1988 |
| Address | 8761 Florida 78 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
| Source last changed | Sep 26, 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 26, 2026Reappeared on the source
- Sep 19, 2026Status changedactive → stale (source absence)
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
