Basics
- Date added: Added 1 week ago
- Category: Residential
- Type: Single Family - Freestanding
- Status: Active
- Bedrooms: 3
- Bathrooms: 1
- Area: 1500 sq ft
- Year built: 2020
- Bathrooms Full: 1
- Bathrooms Half: 0
- Rooms Total: 9
- County: Delaware
- MLS ID: 263618
Description
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Description:
King Point Resort - Turnkey Investment Opportunity
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Discover the potential of King Point Resort, a unique income-producing property offering multiple revenue streams in a beautiful setting on 100 ft. of waterfront. The resort features 20 RV sites, including 10 meters with 50/30-amp electric service, along with RW, 3 gas meters, and 6 septic systems already in place. There are currently 5 month-to-month tenants, providing immediate rental income. The owner currently pays all utilities. Accommodations include two fully furnished cabins, both operating as Airbnb Superhost rentals. The Savanna Cabin comfortably sleeps four and features a full kitchen, washer, and dryer. In contrast, the second cabin sleeps two and includes a convenient kitchenette: all interior & exterior furnishings and décor stay. In addition, there is a permanently rented single-wide. The property also includes a remodeled two-story, 1950's home with 3 bedrooms and 1 bathroom, updated in 2022, making it ideal as an owner's residence, a manager's home, or an additional rental opportunity. Guests and owners will appreciate the private road, private boat ramp, full hookups, and mature fruit trees and landscaping. A new survey is scheduled to be completed soon. As a bonus, buyers are encouraged to confirm with GRDA whether docks can be added, creating even greater recreational appeal and future value. Whether you're looking to expand your investment portfolio or own a turnkey resort with room for future growth, King Point Resort offers endless possibilities.
Location
- Directions: Off Hwy 10 turn W on 260 and go .3 miles toward King Point Resort, on 650 and follow around to the community
Building Details
- Building Area Total: 1500 sq ft
- Roof: Metal, Composition
- Construction Materials: Other - See Remarks
- Fencing: None
- Lot Features: Fruit Trees, Lake Front, Landscaped, Rural, Steep, Surveyed, Water Front
- LotSizeDimensions: 2.5 tba survey
- Basement: Crawl Space
School Information
- High School District: Grove
- Middle Or Junior School: Grove
Amenities & Features
- Interior Features: Ceiling Fan(s), Counters - Laminate, Eat-in Kitchen
- Appliances: Washer, Refrigerator, Range - Electric, Dryer
- Sewer: Sewer - Septic
- View: View - Lake
- Heating: Electric, Multi-Unit
- Parking Features: None
- Fireplace Features: None
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Nearby Schools
- Elementary School: Grove
Courtesy of
- List Office Name: SALLY DAVIS REAL ESTATE, LLC