Real Estate Investment Properties for Sale in Clear Lake, IA

Looking for investment property in Clear Lake, IA with high ROI ?

Explore a variety of short-term homes & houses in Clear Lake, IA. Invest wisely with VRBO & Clear Lake, IA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Clear Lake, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
400 S 9th Street CLEAR LAKE, IA Lots of character in this 3-bedroom brick home, located in downtown Clear Lake! This home ...	3 beds \| 2 baths \| 1,641 sq.ft.	$249,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 7.66% Airbnb Rental Income: $1645 Traditional Rental Income: $2376 Airbnb ROI: 2.58% Traditional ROI: 7.66%
1219 S Shore Drive CLEAR LAKE, IA Beautiful updated home located right next to the lake! All new siding, windows, flooring, ...	4 beds \| 3 baths \| 2,521 sq.ft.	$525,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.07% Airbnb Rental Income: $2090 Traditional Rental Income: $3064 Airbnb ROI: 0.99% Traditional ROI: 4.07%
2502 N Shore Drive CLEAR LAKE, IA Imagine spending your days enjoying lake views and your evenings relaxing just steps from ...	4 beds \| 3 baths \| 3,492 sq.ft.	$1,060,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 1.23% Airbnb Rental Income: $2090 Traditional Rental Income: $3185 Airbnb ROI: -0.42% Traditional ROI: 1.23%
1811 N Shore Drive CLEAR LAKE, IA Experience lakefront luxury at its finest with this extraordinary custom-built home featur...	4 beds \| 6 baths \| 6,934 sq.ft.	$4,490,000	Airbnb cash on cash: -1.35% Traditional cash on cash: -0.04% Airbnb Rental Income: $2090 Traditional Rental Income: $6998 Airbnb ROI: -1.35% Traditional ROI: -0.04%
501 N Shore Drive CLEAR LAKE, IA Get in on the action with this great lakefront property close to all that Clear Lake has t...	2 beds \| 3 baths \| 1,997 sq.ft.	$899,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 0% Airbnb Rental Income: $1805 Traditional Rental Income: $1868 Airbnb ROI: -0.66% Traditional ROI: 0%
2402 N Shore Drive CLEAR LAKE, IA Welcome to this exceptional 3-bedroom, 2-bath, 1,846 sq ft ranch on North Shore Drive, off...	3 beds \| 2 baths \| 1,846 sq.ft.	$799,900	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.65% Airbnb Rental Income: $1645 Traditional Rental Income: $2865 Airbnb ROI: -0.61% Traditional ROI: 1.65%
109 S 9th Street CLEAR LAKE, IA It doesn't get any better than this! Ideally located just blocks from downtown and the lak...	3 beds \| 2 baths \| 1,478 sq.ft.	$299,916	Airbnb cash on cash: 2.2% Traditional cash on cash: 5.94% Airbnb Rental Income: $1645 Traditional Rental Income: $2238 Airbnb ROI: 2.2% Traditional ROI: 5.94%
107 34Th Street W CLEAR LAKE, IA Wonderful 4 bedroom home in lovely McIntosh subdivision with winking view of Clear Lake an...	4 beds \| 2 baths \| 1,728 sq.ft.	$400,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 4.54% Airbnb Rental Income: $2090 Traditional Rental Income: $2573 Airbnb ROI: 1.82% Traditional ROI: 4.54%
4466 Park Avenue CLEAR LAKE, IA UPDATED 4-Bedroom Home on Rare 1.29-Acre Lot - Near South Shore & State Park It is rare to...	4 beds \| 2 baths \| 1,840 sq.ft.	$595,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 2.85% Airbnb Rental Income: $2090 Traditional Rental Income: $2655 Airbnb ROI: 0.86% Traditional ROI: 2.85%
516 Lexington Dr CLEAR LAKE, IA Enjoy the perfect blend of comfort and convenience in this custom-built, maintenance-free ...	3 beds \| 3 baths \| 3,692 sq.ft.	$550,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 2.54% Airbnb Rental Income: $1645 Traditional Rental Income: $2779 Airbnb ROI: -0.57% Traditional ROI: 2.54%
704 N Shore Drive CLEAR LAKE, IA Beautiful four bedroom, two bathroom home ideally located across the street from the lake ...	4 beds \| 2 baths \| 1,863 sq.ft.	$425,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 4.28% Airbnb Rental Income: $2090 Traditional Rental Income: $2616 Airbnb ROI: 1.61% Traditional ROI: 4.28%
500 18th Street W CLEAR LAKE, IA NESTLED WITHIN A PICTURESQUE, TREE LINED SETTING NEAR CLEAR LAKE, THE GOLF COURSE AND PARK...	3 beds \| 4 baths \| 2,792 sq.ft.	$649,888	Airbnb cash on cash: -0.24% Traditional cash on cash: 2.72% Airbnb Rental Income: $1645 Traditional Rental Income: $2977 Airbnb ROI: -0.24% Traditional ROI: 2.72%
11 Sunset View Drive CLEAR LAKE, IA Great opportunity to own a beautifully remodeled duplex just steps away from the vibrant s...	N/A beds \| N/A baths \| 2,818 sq.ft.	$450,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 1.38% Airbnb Rental Income: $793 Traditional Rental Income: $1442 Airbnb ROI: -0.92% Traditional ROI: 1.38%
15257 Pascal Street CLEAR LAKE, IA Nestled just moments from vibrant PM Park and the lively Tiki Bar, this delightful 3-bedro...	3 beds \| 1 baths \| 936 sq.ft.	$363,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 2.77% Airbnb Rental Income: $1645 Traditional Rental Income: $1633 Airbnb ROI: 1.45% Traditional ROI: 2.77%
204 S 12th St CLEAR LAKE, IA Welcome to this inviting 2-bedroom, 1-bath single-family home in beautiful Clear Lake. You...	2 beds \| 1 baths \| 1,060 sq.ft.	$150,000	Airbnb cash on cash: 6.65% Traditional cash on cash: 8.32% Airbnb Rental Income: $1805 Traditional Rental Income: $1555 Airbnb ROI: 6.65% Traditional ROI: 8.32%
15 Timberlane Dr CLEAR LAKE, IA Discover this captivating brick mid-century modern home that beautifully marries elegance ...	4 beds \| 4 baths \| 3,418 sq.ft.	$598,500	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.4% Airbnb Rental Income: $2090 Traditional Rental Income: $2482 Airbnb ROI: 0.73% Traditional ROI: 2.4%
17 S 13th Street CLEAR LAKE, IA Beautiful move-in-ready property that blends timeless character with modern comfort, offer...	3 beds \| 2 baths \| 1,615 sq.ft.	$335,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 3.41% Airbnb Rental Income: $1645 Traditional Rental Income: $1671 Airbnb ROI: 1.86% Traditional ROI: 3.41%
3609 N Shore Drive CLEAR LAKE, IA Prime Clear Lake North Shore Drive lakeshore! This stunning property offers 60 feet of sho...	5 beds \| 4 baths \| 5,569 sq.ft.	$2,849,000	Airbnb cash on cash: -1.24% Traditional cash on cash: -1.28% Airbnb Rental Income: $2129 Traditional Rental Income: $1468 Airbnb ROI: -1.24% Traditional ROI: -1.28%
203 Glen Oaks Drive CLEAR LAKE, IA Newly completed two bedroom townhome available at The Terraces in the private Glen Oaks co...	2 beds \| 2 baths \| 1,826 sq.ft.	$487,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 2.16% Airbnb Rental Income: $1805 Traditional Rental Income: $2570 Airbnb ROI: -0.59% Traditional ROI: 2.16%
201 Fairway Dr CLEAR LAKE, IA Here is your opportunity to own a home on one of the best areas in Shorewood Hills! Locate...	4 beds \| 3 baths \| 1,520 sq.ft.	$434,500	Airbnb cash on cash: 1.28% Traditional cash on cash: 3.58% Airbnb Rental Income: $2090 Traditional Rental Income: $2488 Airbnb ROI: 1.28% Traditional ROI: 3.58%
3518 N Shore Drive CLEAR LAKE, IA Tucked just off coveted North Shore Drive, this refined residence offers a rare blend of p...	4 beds \| 4 baths \| 3,550 sq.ft.	$669,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.48% Airbnb Rental Income: $2090 Traditional Rental Income: $2361 Airbnb ROI: 0.18% Traditional ROI: 1.48%
519 17th St W CLEAR LAKE, IA Solid all-brick ranch offering easy living in a desirable Clear Lake neighborhood perfect ...	2 beds \| 2 baths \| 1,266 sq.ft.	$375,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 2.72% Airbnb Rental Income: $1805 Traditional Rental Income: $1948 Airbnb ROI: 0.92% Traditional ROI: 2.72%
210 Stonebrook Ct. CLEAR LAKE, IA Building 2 framing is complete-only five 2200 sq ft units remain in this building at Stone...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 3.73% Airbnb Rental Income: $1645 Traditional Rental Income: $2920 Airbnb ROI: -0.57% Traditional ROI: 3.73%
212 Stonebrook Ct. CLEAR LAKE, IA Building 2 framing is complete-only five 2200 sq ft units remain at StoneBrook Condominium...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 4.43% Airbnb Rental Income: $1645 Traditional Rental Income: $2920 Airbnb ROI: 0.14% Traditional ROI: 4.43%
216 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ftcondominiums tailored for professionals, families, re...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 3.73% Airbnb Rental Income: $1645 Traditional Rental Income: $2920 Airbnb ROI: -0.57% Traditional ROI: 3.73%
214 Stonebrook Ct. CLEAR LAKE, IA Framing is up on Building 2 at StoneBrook Condominiums-your finishes, your style! Only fiv...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 3.73% Airbnb Rental Income: $1645 Traditional Rental Income: $2920 Airbnb ROI: -0.57% Traditional ROI: 3.73%
112 Coventry Court CLEAR LAKE, IA SPACIOUS RANCH HOME - COMFORT, STYLE & ROOM TO GROW. Welcome home to this beautifully desi...	3 beds \| 3 baths \| 4,334 sq.ft.	$698,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 1.01% Airbnb Rental Income: $1645 Traditional Rental Income: $2291 Airbnb ROI: -0.7% Traditional ROI: 1.01%
2700 N Shore Drive #201 CLEAR LAKE, IA Fully remodeled and furnished condo offering stunning views of Clear Lake! New cabinetry, ...	1 beds \| 1 baths \| 796 sq.ft.	$199,000	Airbnb cash on cash: 4.81% Traditional cash on cash: 4.93% Airbnb Rental Income: $1875 Traditional Rental Income: $1395 Airbnb ROI: 4.81% Traditional ROI: 4.93%
2700 N Shore Drive #305 CLEAR LAKE, IA Welcome to The Harbourage! One of Clear Lake's most sought-after communities! This beautif...	1 beds \| 1 baths \| 796 sq.ft.	$199,900	Airbnb cash on cash: 3.19% Traditional cash on cash: 2.71% Airbnb Rental Income: $1875 Traditional Rental Income: $1282 Airbnb ROI: 3.19% Traditional ROI: 2.71%
2707 S Lakeview Drive #2707 CLEAR LAKE, IA Enjoy stunning views of Clear Lake from nearly anywhere in this home. It offers 50 feet of...	4 beds \| 4 baths \| 3,491 sq.ft.	$1,250,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 0.63% Airbnb Rental Income: $2090 Traditional Rental Income: $3131 Airbnb ROI: -0.73% Traditional ROI: 0.63%
2700 N Shore Dr #406 #406 CLEAR LAKE, IA Beautiful fully furnished condo unit #406 in the pilot house at the Harborage in Clear Lak...	1 beds \| 1 baths \| 660 sq.ft.	$170,000	Airbnb cash on cash: 4.29% Traditional cash on cash: 3.04% Airbnb Rental Income: $1875 Traditional Rental Income: $1172 Airbnb ROI: 4.29% Traditional ROI: 3.04%
902 N Shore Drive CLEAR LAKE, IA Discover your lake retreat! This exceptional 4-bedroom, 3-bathroom home is masterfully des...	4 beds \| 3 baths \| 2,592 sq.ft.	$579,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.24% Airbnb Rental Income: $2090 Traditional Rental Income: $3147 Airbnb ROI: 0.3% Traditional ROI: 3.24%
2700 N Shore Dr #E-15A #E15A CLEAR LAKE, IA Harbourage Condo with interior remodel in 2020. It has a unique theme. Take a look at the ...	1 beds \| 1 baths \| 600 sq.ft.	$249,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 1.9% Airbnb Rental Income: $1875 Traditional Rental Income: $1099 Airbnb ROI: 3.07% Traditional ROI: 1.9%
2700 N Shore Drive #E1-15A CLEAR LAKE, IA Harbourage Condo with interior remodel in 2020. It has a unique theme. Take a look at the ...	1 beds \| 1 baths \| 600 sq.ft.	$249,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 1.82% Airbnb Rental Income: $1875 Traditional Rental Income: $1081 Airbnb ROI: 3.07% Traditional ROI: 1.82%
2700 N Shore Drive #L34 CLEAR LAKE, IA This three-story condo has beautiful harbor views. Completely remodeled, and the floor pla...	3 beds \| 4 baths \| 1,700 sq.ft.	$569,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 2.74% Airbnb Rental Income: $1645 Traditional Rental Income: $2553 Airbnb ROI: 0.16% Traditional ROI: 2.74%

Real Estate investment in Clear-lake, IA

There are 97 properties for sale in the city of Clear Lake . The median list price in Clear Lake is $432,000 and the average price per square foot is $213. In April 2026, the average monthly cash on cash return in Clear Lake is 4.00%. The average monthly rental income in Clear Lake is $2,431.

Clear-lake, IA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 97 investment properties available for sale in Clear-lake.

In 2026, the best neighborhood to buy investment property is CLEAR LAKE.

The ROI for Long-Term is higher than the Short-Term in Clear-lake with average rental income of $2,431.

Your search for investment property begins and ends here

Investment Property for Sale in Clear Lake, IA

400 S 9th Street

CLEAR LAKE, IA

3 beds | 2 baths | 1,641 sq.ft.

$249,000

Airbnb cash on cash: 2.58%

Traditional cash on cash: 7.66%

Airbnb Rental Income: $1645

Traditional Rental Income: $2376

Airbnb ROI: 2.58%

Traditional ROI: 7.66%

1219 S Shore Drive

CLEAR LAKE, IA

4 beds | 3 baths | 2,521 sq.ft.

$525,000

Airbnb cash on cash: 0.99%

Traditional cash on cash: 4.07%

Airbnb Rental Income: $2090

Traditional Rental Income: $3064

Airbnb ROI: 0.99%

Traditional ROI: 4.07%

2502 N Shore Drive

CLEAR LAKE, IA

4 beds | 3 baths | 3,492 sq.ft.

$1,060,000

Airbnb cash on cash: -0.42%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $2090

Traditional Rental Income: $3185

Airbnb ROI: -0.42%

Traditional ROI: 1.23%

1811 N Shore Drive

CLEAR LAKE, IA

4 beds | 6 baths | 6,934 sq.ft.

$4,490,000

Airbnb cash on cash: -1.35%

Traditional cash on cash: -0.04%

Airbnb Rental Income: $2090

Traditional Rental Income: $6998

Airbnb ROI: -1.35%

Traditional ROI: -0.04%

501 N Shore Drive

CLEAR LAKE, IA

2 beds | 3 baths | 1,997 sq.ft.

$899,000

Airbnb cash on cash: -0.66%

Traditional cash on cash: 0%

Airbnb Rental Income: $1805

Traditional Rental Income: $1868

Airbnb ROI: -0.66%

Traditional ROI: 0%

2402 N Shore Drive

CLEAR LAKE, IA

3 beds | 2 baths | 1,846 sq.ft.

$799,900

Airbnb cash on cash: -0.61%

Traditional cash on cash: 1.65%

Airbnb Rental Income: $1645

Traditional Rental Income: $2865

Airbnb ROI: -0.61%

Traditional ROI: 1.65%

109 S 9th Street

CLEAR LAKE, IA

3 beds | 2 baths | 1,478 sq.ft.

$299,916

Airbnb cash on cash: 2.2%

Traditional cash on cash: 5.94%

Airbnb Rental Income: $1645

Traditional Rental Income: $2238

Airbnb ROI: 2.2%

Traditional ROI: 5.94%

107 34Th Street W

CLEAR LAKE, IA

4 beds | 2 baths | 1,728 sq.ft.

$400,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 4.54%

Airbnb Rental Income: $2090

Traditional Rental Income: $2573

Airbnb ROI: 1.82%