Lakefront Fishing
2677 Trout Road Lakeside, AZ 85929
For Sale
$1,900,000
COMMERCIAL - Lakeside, AZ
Property Size6,388 SF
Lot Size1.18 Acres
Price / SF$297.43
Days on Market32
Property Features for 2677 Trout Road
General Information
Property type
Commercial Sale
Property subtype
Other
Window features
Screens, Blinds, Wood Frames, Double Pane Windows
Patio and Porch features
Deck, Patio
Interior features
Master Downstairs, Vaulted Ceiling(s), Split Bedroom
Exterior features
Rain Gutters, Outdoor Grill
Standard status
Active
APN
212-25-017A
Size
6,388 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Description
West Lake Park:West 200' Of Lots 1, 2, & 3, Block 4// 1985 Seacliff 24X56 Vin# Gw20calsc8607a&B 811/67-68 // & West Lake Park:Lot 13, Block 6 & Lot 4, Block 4; Also : Comm Nw Cor Lot 1, Th N88D41'11''E 200.57'; Th S02D01'03''E 118.27' Tpob; Th Sly 33.39'; Th N87D09'31''E 133.09'; Th Sly 28.11' Non Tangent Cur (R=25.98'); Th S81D52'38''E 23.04'; Th S07D33'55''W 17.30'; Th S84D04'26''E 30.55'; Th S02D31'48''W 4.95'; Th N84D04'48''W 45.84'; Th S86D53'29''W 176.36'; Th Nly 53.50' Non Tang Curv (R89.85') 52.71'; Th Nesly59.30' Non Tang Cur *(R=46.89') Dist 55.41' Tpob. Also Comm Nw Cor Lot 1, Th N88D41'11''E 200.57';
Tax Annual Amount
5267
Utilities
Heating system
Natural Gas, Baseboard, Electric (Heating), Forced Air
Cooling system
Window Unit(s)
Water source
Well
Water front
1
Building Details
Year built
1983
Roof type
Metal
Additional Structures
Guest House
Listing Agency:
Advantage Realty Professionals - Lakeside
(928) 368-2040
Listed By:
Liz Engelhart · License #BR558301000
(928) 242-1048
Added: Jun 29
Changed: Jul 12
Last Checked: Jul 30 at 1:06AM
MLS# 261981
Copyright © 2026 White Mountain Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Lakefront fishing resort established in 1959, with buildings ranging from 1959–1986. The property is designed for guests looking for an outdoor lake experience, with lakefront accommodations and recreational amenities on maintained grounds.
The resort is located directly on Rainbow Lake and includes an on-lake boat rental operation, with a fleet of pontoon boats, canoes, paddle boats, and kayaks conveying with the sale. Guests can fish from the property, and the grounds include lakeside fire pits, outdoor BBQ areas, and recreational features such as a volleyball court, horseshoe pits, cornhole, frisbee golf, and expansive green spaces for gatherings.
The offering is presented as a multi-income opportunity combining lodging and boat rentals, supported by the property’s established rental operation. The property is situated in the Pinetop-Lakeside area near year-round outdoor and local attractions.
The resort is located directly on Rainbow Lake and includes an on-lake boat rental operation, with a fleet of pontoon boats, canoes, paddle boats, and kayaks conveying with the sale. Guests can fish from the property, and the grounds include lakeside fire pits, outdoor BBQ areas, and recreational features such as a volleyball court, horseshoe pits, cornhole, frisbee golf, and expansive green spaces for gatherings.
The offering is presented as a multi-income opportunity combining lodging and boat rentals, supported by the property’s established rental operation. The property is situated in the Pinetop-Lakeside area near year-round outdoor and local attractions.
Key Highlights
- Rainbow's End Fishing Resort directly on Rainbow Lake (APNs 212‑25‑017A & 019A)
- Lakefront boat rentals include pontoon boats, canoes, paddle boats, and kayaks that convey with the sale
- Water source is a well; roof is metal
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.5k | $29.04 |
| − Vacancy | −$51.6k | −$8.07 |
| EGI | $133.9k | $20.97 |
| − OpEx | −$70.3k | −$11.01 |
| NOI | $63.6k | $9.96 |
6,388 SF · lease $29.04/SF/yr · vacancy 27.80% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$908.9K
$795.3K – $1.06M
NOI $63,620 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,514 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Resort - Lakefront resort offering on-site lodging and recreational boating with a fleet conveying with the sale.
Where is this resort located?
The property is located at 2677 Trout Road Lakeside, AZ.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Rainbow's End Fishing Resort directly on Rainbow Lake (APNs 212‑25‑017A & 019A); Lakefront boat rentals include pontoon boats, canoes, paddle boats, and kayaks that convey with the sale; Water source is a well; roof is metal
