14 Lake St - Manufactured Housing/Mobile Housing FOR SALE


Frostproof, FL 33843
$3,500,000 USD
813-269-1144
14 Lake St, Frostproof, FL for Sale
$3,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | Request Cap Rate

14 Lake St
Frostproof, FL 33843


HIGHLIGHTS

  • $3.5M Pricing | Fully Rebuilt Infrastructure, Scaled for Efficiency
  • Immediate NOI Upside– Over $2M invested in capital improvements. Institutional Baseline – Site-wide rehab: roads, utilities, pool, clubhouse, branding
  • Dock Activation Optionality – 12 floating dock segments stored onsite, can be activated for boat slip income.
  • Pro Forma - ~$291K NOI on core units post-optimization.
  • Cottage Duplex Overlay - Supports hospitality ramp-up via 4-unit build (2 duplexes), targeting ~$125 ADR vs. RV comps.

OVERVIEW

Lake Clinch RV Resort is a newly redeveloped, institutional-grade RV and MH resort located on a premier lakefront parcel in Central Florida. Following a two-year, $2M+ capital improvement campaign — layered on a $1M+ acquisition basis — the property reopened in January 2025 with fully rebuilt infrastructure and a high-end amenity set designed for long-term performance and yield optimization. The redevelopment included full replacement of utilities (electric, water, sewer, roads), construction of a luxury lakefront recreation center, and activation of ~250 linear feet of improved beachfront. Resort-grade features include a sauna, gym, fire pit, shuffleboard, pickleball, and dock access for both paddle and motorized vessels. Infrastructure is in place to support full marina expansion (up to 30 boats), with engineering underway. Lake Clinch RV Resort is fully entitled, operational, and turnkey — presenting a stabilized yield asset with embedded hospitality and redevelopment upside. Three valuation paths validate the opportunity: 1.In-Place Income (~$105K): ~3% yield on actuals. 2.Mid-Tier Case (~$291K NOI): Stabilized lease-up plus 1 cottage duplex. 3.Strong Case (~$342K NOI): Full overlays — 2 cottage duplex units + 12 boat slips. All core infrastructure is in place, including utilities and permitting. Minor optional CapEx on 1 MH unit. Clear revenue path to $4.1M+ valuation within 12–18 months.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

52

PRICE/UNIT

$67,308

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Clinch RV Resort

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

GC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

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Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.