Southway Terrace
1862 S State Highway 5, Lake Ozarks MO 65037
Offering Price: $850,000
41 Mobile Home Lots
24 Tenant Owned Homes
6 Rent-to-own Homes2 Single-Family Homes
1 Manager Home
1 Maintenance Lot
17 Total Acres
Southway Terrace is located on the south side of the lake at 1862 South State Highway 5, Camdenton MO, and has a total of 41 lots, with 24 of them being tenant owned homes, 6 rent to own homes, 2 single family homes and 1 manager home. Southway Terrace is currently under rents and has very nice upside in filling last couple vacant lots.
Located a couple of minutes away from The Lake of the Ozarks, one of the most desirable and fastest growing communities in the Midwest. The Lake of the Ozarks is one of the largest man-made lakes in the United states, and it attracts people from all over the country. Whether it's fishing, boating, golfing or simply soaking up some sunshine, there is no denying that the Lake of the Ozarks is one of the best tourist destinations in the entire country.
There are more than 70,000 homes existing along the lake, many of which are vacation homes. Spectacular scenery characteristic of the Ozarks has also helped to transform the lake into a major resort area. More than 3 million people visit the lake annually. Most of the 1,150 miles of shoreline on the Lake of the Ozarks is privately owned, and the relatively stable surface elevation has created ideal conditions for private development within a few feet of the shoreline. With substantial infrastructure and thousands of acres of undeveloped land at attractive prices, the lake region makes an excellent site for industrial, commercial and retail development.
Another great aspect of the Ozarks is the fact that there is five nearby airports, as well as plenty US major highways that service the area from all directions. With an unemployment rate almost half the national average, natural resources available at arm’s reach, and tourists coming (and spending) all year long, it is easy to see why The Lake of the Ozarks is a hot commodity!