Waterfront RV Lot with
11996 Raptor Court Elberta, AL 36530
11996 Raptor Court, Elberta, AL, 36530
$250,000
For Sale
$250,000
Luxury waterfront RV lot with outdoor kitchen and community amenities.
Property Size1,200 SF
Price / SF$208.33
Days on Market261
Property Features for 11996 Raptor Court
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Lots/Land
Listing Agency
EXIT Navigator Realty
(251) 213-3811
Listed by
Rita Sessions · License #104551
(251) 213-3811
Source
Exitrealty
Added: Oct 31, 2025 Checked: Jul 17 at 4:32 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT Navigator Realty
Investment Insights
Based on property information with market context.
This waterfront RV lot is located on The Point peninsula in Lake Osprey RV Resort. The property includes a covered 12x18 outdoor kitchen equipped with a gas grill and burner, refrigerator, ice maker, stainless sink, granite countertops, and storage. The counter area provides space for meal preparation, buffet service, and barstool seating. The lot features lake views, a private gas fire pit, seating and dining areas, built-in umbrella holders, and tropical landscaping. A motorhome is permitted, or a home of up to 1200 square feet can be built on the lot, subject to community restrictions regarding RV year, class, and size. Community amenities include a clubhouse with a full kitchen and social areas, an infinity-edge pool and hot tub, a fitness center, laundry facilities, courts, a putting green, a tiki bar, a dog park with washing station, grilling areas, walking trails, and lake access for paddleboarding and kayaking. HOA dues are $320 per month, covering water, sewer, trash, cable TV, internet, and lawn care. The property is located minutes from Gulf Coast beaches, golf courses, shopping, dining, and three airports. The property can be used as a full-time residence, seasonal escape, or income-producing rental.
Key Highlights
- Waterfront RV lot on the highly desirable peninsula in Lake Osprey RV Resort, offering breathtaking lake views.
- Includes a covered 12x18 outdoor kitchen with gas grill, refrigerator, ice maker, stainless sink, granite countertops, and ample storage.
- Option to build a luxury home up to 1200 sq ft, providing flexibility for full‑time living, seasonal retreat, or rental income.
Local Financial Insights For Apartment 5plus
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 | $18.7k | $15.60 |
| − Vacancy | −$936 | −$0.78 |
| EGI | $17.8k | $14.82 |
| − OpEx | −$8.0k | −$6.67 |
| NOI | $9.8k | $8.15 |
1,200 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$139.7K
$122.3K – $163.0K
NOI $9,781 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.6K
$252.5K – $336.7K
NOI $20,200 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Waterfront Land
Similar For Sale Nearby
FAQs
What type of property is this?
Waterfront Land - Luxury waterfront RV lot with outdoor kitchen and community amenities.
Where is this waterfront land located?
The property is located at 11996 Raptor Court Elberta, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Waterfront RV lot on the highly desirable peninsula in Lake Osprey RV Resort, offering **breathtaking lake views**.; Includes a **covered 12x18 outdoor kitchen** with gas grill, refrigerator, ice maker, stainless sink, granite countertops, and ample storage.; Option to build a luxury home up to 1200 sq ft, providing flexibility for full‑time living, seasonal retreat, or rental income.
