625 CR 544
About This Property
This seven-acre waterfront property is already set up and operating with RV hookups, offering immediate income potential. The property features a three-bedroom, two-bath mobile home in solid condition that could shine with a little TLC.
What truly sets this property apart is the expansive lake frontage, complete with a private boat ramp-making it ideal for both short-term and long-term rental use. Previously operated as a successful campground and restaurant, the groundwork is already in place for someone to step in and revive or reimagine the business.
Buyers should note that the property is a leasehold estate, with approximately 37 years remaining on the current lease, after which ownership reverts to the underlying owner. However, there may be an opportunity to acquire the underlying interest with a strong offer. The annual lease payment is just 300 dollars, paid to the water department.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 10, 2026 | Listed by Home Grown Group Realty, LLC | $425,000 | |
| Listed by Home Grown Group Realty, LLC | |||
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| May 8, 2026 | Price Decreased |
$425,000
↓ $75K
(15%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Home Grown Group Realty, LLC | $500,000 | |
| Listed by Home Grown Group Realty, LLC | |||
| |||
|
Are you looking for a strong investment opportunity with real cash-flow potential on Lake Leon in Eastland?
This seven-acre waterfront property is already set up and operating with RV hookups, offering immediate income potential. The property features a three-bedroom, two-bath mobile home in solid condition that could shine with a little TLC.
What truly sets this property apart is the expansive lake frontage, complete with a private boat ramp—making it ideal for both short-term and long-term rental use. Previously operated as a successful campground and restaurant, the groundwork is already in place for someone to step in and revive or reimagine the business.
Buyers should note that the property is a leasehold estate, with approximately 37 years remaining on the current lease, after which ownership reverts to the underlying owner. However, there may be an opportunity to acquire the underlying interest with a strong offer. The annual lease payment is just 300 dollars, paid to the water department.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017