The Dew Drop Inn & Okeechobee Lake RV Park
Okeechobee, FL
Asking price
$5,900,000
Sites
123
Cap rate
7.70%
Price / site
$47,967
About this property
Description 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
| Asking price | $5,900,000 |
|---|---|
| Sites | 123 |
| Price per site | $47,967 |
| Cap rate | 7.70% |
| Year built | 1988 |
| Address | 8761 Florida 78 |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
