Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rockaway Beach Resort Investment Opportunity Title is generated by Realmo AI

    121 Recreation Avenue, Rockaway Beach, MO 65740

    View on Map
    Claim this Listing
    For Sale
    $437,900

    MULTI_FAMILY - Rockaway Beach, MO

    Lot size:
    0.37 Acres
    Added:
    Dec 21, 2025
    Days on Market:
    147
    Last Refresh:
    May 17 at 4:06 am

    Property Features for 121 Recreation Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    D-1
    Bedrooms
    7
    Bathrooms
    1
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3
    Interior features
    Fireplace
    Fireplace
    1
    Appliances
    Range, Refrigerator, Microwave
    Standard status
    Active
    APN
    08-6.0-13-000-000-028.000
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1234

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water front
    1

    Building Details

    Year built
    1933
    Number of units
    6
    Building materials
    Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Charyl Elena Soyland

    Listing agent Charyl Elena Soyland

    Listing office Lakeside Realty, LLC. MO

    Listing date Dec 21, 2025

    MLS# 60312097 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Five rental units plus a 3‑bedroom main home offer significant income potential or owner‑occupancy options.
    • Prime location just steps from Lake Taneycomo and walkable to Rockaway Beach amenities.
    • In‑ground pool is a desirable amenity for guests.
    • Main home features a spacious balcony with lake views.
    • Historic property with unique vintage charm.
    • Conveniently located 15 minutes from Branson.

    Overview

    This iconic original resort in Rockaway Beach presents a rare investment opportunity, offering charm, character, and modern appeal near Lake Taneycomo. The property features five rental units, each with unique vintage charm and income-producing potential. An in-ground pool is available for guests. The property also includes a three-bedroom main home, suitable for owner-occupancy or premium rental, featuring a spacious balcony with lake views. The property is walkable to the water, providing easy access to fishing, boating, dining, and other attractions in historic Rockaway Beach. This property is located in the heart of Rockaway Beach, approximately 15 minutes from Branson. The property is zoned D-1 and sits on a 0.37-acre lot. This property is suitable as a full-time residence with rental income, a family-run business, or a short-term rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stevens Cottages Vacation ... Hotel & Motel

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Department Store Food Market Hotel & Motel Storage Facility Grocery & Convenience Store Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockaway Beach
    County
    Taney
    State
    Missouri
    Longitude
    -93.161237
    Latitude
    36.698624

    Nearby Similar for Sale

    • $3,950

      Level Lot in Merriam Woods

      Level lot suitable for mobile home in Merriam Woods, MO.
      Glenwood Drive, Merriam Woods, MO 65740
      View Details
    • $1,150,000
      8,714 SF

      Rockaway Beach Office Building

      Office building for sale in Rockaway Beach, Missouri.
      2806 State Highway 176, Rockaway Beach, MO
      View Details
    • $1,450,000
      14,316 SF

      Remodeled Mixed-Use Lakeside Complex

      Remodeled mixed-use complex with residential, retail, and office spaces.
      2806 State Hwy 176, Rockaway Beach, MO 65740
      View Details

    FAQs

    What type of property is this?
    Resort - Historic Rockaway Beach resort with rental units and lake views.
    Where is this resort located?
    The property is located at 121 Recreation Avenue Rockaway Beach, MO.
    What is the asking price?
    The asking price for this property is $437,900.
    What are key features of this property?
    This property features: Five rental units plus a 3‑bedroom main home offer significant income potential or owner‑occupancy options.; Prime location just steps from Lake Taneycomo and walkable to Rockaway Beach amenities.; In‑ground pool is a desirable amenity for guests.
    (818) 358-5374
    We can help!
    Listing Contact
    Charyl Elena Soyland
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    121 Recreation Avenue, Rockaway Beach, MO 65740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!