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: 0.68% Traditional cash on cash: 7.66% Airbnb Rental Income: $1109 Traditional Rental Income: $2376 Airbnb ROI: 0.68% 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.	$499,900	Airbnb cash on cash: 1.14% Traditional cash on cash: 4.33% Airbnb Rental Income: $2118 Traditional Rental Income: $3064 Airbnb ROI: 1.14% Traditional ROI: 4.33%
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.	$4,325,000	Airbnb cash on cash: -1.36% Traditional cash on cash: -0.01% Airbnb Rental Income: $2118 Traditional Rental Income: $6998 Airbnb ROI: -1.36% Traditional ROI: -0.01%
2101 Main Avenue CLEAR LAKE, IA SPRING into a new HOME!! Spring is here, make your move today. Take time to look at this 4...	4 beds \| 3 baths \| 2,413 sq.ft.	$323,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 7.77% Airbnb Rental Income: $2118 Traditional Rental Income: $2983 Airbnb ROI: 3.15% Traditional ROI: 7.77%
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.	$280,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 6.42% Airbnb Rental Income: $1109 Traditional Rental Income: $2238 Airbnb ROI: 0.73% Traditional ROI: 6.42%
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.	$395,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 4.61% Airbnb Rental Income: $2118 Traditional Rental Income: $2573 Airbnb ROI: 1.92% Traditional ROI: 4.61%
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: 0.91% Traditional cash on cash: 2.85% Airbnb Rental Income: $2118 Traditional Rental Income: $2655 Airbnb ROI: 0.91% 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: -1.44% Traditional cash on cash: 2.54% Airbnb Rental Income: $1109 Traditional Rental Income: $2779 Airbnb ROI: -1.44% Traditional ROI: 2.54%
809 2Nd Avenue N CLEAR LAKE, IA Elegant Queen Anne Victorian - Fully Furnished Turnkey Vacation Rental! Perfectly situated...	5 beds \| 4 baths \| 2,618 sq.ft.	$360,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.86% Airbnb Rental Income: $1916 Traditional Rental Income: $2450 Airbnb ROI: 1.78% Traditional ROI: 4.86%
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.	$398,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 4.63% Airbnb Rental Income: $2118 Traditional Rental Income: $2616 Airbnb ROI: 1.84% Traditional ROI: 4.63%
1109 S 9Th Place CLEAR LAKE, IA Welcome to this move-in ready home tucked away on a quiet dead-end street just minutes fro...	4 beds \| 2 baths \| 1,632 sq.ft.	$295,000	Airbnb cash on cash: 3.35% Traditional cash on cash: 6.23% Airbnb Rental Income: $2118 Traditional Rental Income: $2376 Airbnb ROI: 3.35% Traditional ROI: 6.23%
401 Oak Hill Court CLEAR LAKE, IA Beautiful 3-bedroom, 2-bath condo in a highly sought-after 55+ community in scenic Clear L...	3 beds \| 2 baths \| 2,548 sq.ft.	$498,500	Airbnb cash on cash: -0.21% Traditional cash on cash: 4.12% Airbnb Rental Income: $1109 Traditional Rental Income: $2753 Airbnb ROI: -0.21% Traditional ROI: 4.12%
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: -0.98% Traditional cash on cash: 2.72% Airbnb Rental Income: $1109 Traditional Rental Income: $2977 Airbnb ROI: -0.98% 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: -1.46% Traditional cash on cash: 1.38% Airbnb Rental Income: $523 Traditional Rental Income: $1442 Airbnb ROI: -1.46% Traditional ROI: 1.38%
104 14th PL S CLEAR LAKE, IA Charming and completely turn-key, this adorable cottage-style home offers the perfect blen...	3 beds \| 1 baths \| 1,290 sq.ft.	$310,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 4.14% Airbnb Rental Income: $1109 Traditional Rental Income: $1817 Airbnb ROI: 0.43% Traditional ROI: 4.14%
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: 0.13% Traditional cash on cash: 2.77% Airbnb Rental Income: $1109 Traditional Rental Income: $1633 Airbnb ROI: 0.13% 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: 2.17% Traditional cash on cash: 8.32% Airbnb Rental Income: $1033 Traditional Rental Income: $1555 Airbnb ROI: 2.17% Traditional ROI: 8.32%
15 Timberlane Dr CLEAR LAKE, IA Timeless Brick Mid-Century Modern on Nearly an Acre of Wooded Privacy Welcome home to ...	4 beds \| 4 baths \| 3,418 sq.ft.	$559,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 2.63% Airbnb Rental Income: $2118 Traditional Rental Income: $2482 Airbnb ROI: 0.89% Traditional ROI: 2.63%
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.	$330,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 3.48% Airbnb Rental Income: $1109 Traditional Rental Income: $1671 Airbnb ROI: 0.46% Traditional ROI: 3.48%
401 Bedford Ct CLEAR LAKE, IA Gorgeous doesn't even begin to describe this 4 bedroom, 3-bath, 3,475 square foot ranch tu...	4 beds \| 3 baths \| 5,110 sq.ft.	$695,000	Airbnb cash on cash: 0.2% Traditional cash on cash: -0.49% Airbnb Rental Income: $2118 Traditional Rental Income: $1124 Airbnb ROI: 0.2% Traditional ROI: -0.49%
809 7th Ave N #313 CLEAR LAKE, IA Welcome to Garden Park Villas, where luxury, comfort, and community come together in this ...	2 beds \| 2 baths \| 1,057 sq.ft.	$313,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 1.14% Airbnb Rental Income: $1033 Traditional Rental Income: $1071 Airbnb ROI: -0.22% Traditional ROI: 1.14%
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.	$2,640,000	Airbnb cash on cash: -1.33% Traditional cash on cash: -1.31% Airbnb Rental Income: $1916 Traditional Rental Income: $1468 Airbnb ROI: -1.33% Traditional ROI: -1.31%
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: -2% Traditional cash on cash: 2.16% Airbnb Rental Income: $1033 Traditional Rental Income: $2570 Airbnb ROI: -2% Traditional ROI: 2.16%
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.	$659,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 1.52% Airbnb Rental Income: $2118 Traditional Rental Income: $2361 Airbnb ROI: 0.24% Traditional ROI: 1.52%
210 Stonebrook Ct. CLEAR LAKE, IA Final stages are underway-cabinetry and flooring coming next. This is the perfect opportun...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: -1.67% Traditional cash on cash: 3.73% Airbnb Rental Income: $1109 Traditional Rental Income: $2920 Airbnb ROI: -1.67% Traditional ROI: 3.73%
216 Stonebrook Ct. CLEAR LAKE, IA Final stages are underway-drywall and painting are nearly complete, with cabinetry and flo...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: -1.67% Traditional cash on cash: 3.73% Airbnb Rental Income: $1109 Traditional Rental Income: $2920 Airbnb ROI: -1.67% Traditional ROI: 3.73%
214 Stonebrook Ct. CLEAR LAKE, IA Final stages are underway-drywall and painting are nearly complete, with cabinetry and flo...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: -1.67% Traditional cash on cash: 3.73% Airbnb Rental Income: $1109 Traditional Rental Income: $2920 Airbnb ROI: -1.67% Traditional ROI: 3.73%
3514 N Shore Dr CLEAR LAKE, IA Luxury living at its finest! Priced under assessed value! Situated on a large corner lot a...	5 beds \| 3 baths \| 3,141 sq.ft.	$859,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.77% Airbnb Rental Income: $1916 Traditional Rental Income: $3220 Airbnb ROI: -0.49% Traditional ROI: 1.77%
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.	$684,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 1.05% Airbnb Rental Income: $1109 Traditional Rental Income: $2291 Airbnb ROI: -1.39% Traditional ROI: 1.05%
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.	$194,900	Airbnb cash on cash: 0.26% Traditional cash on cash: 5.05% Airbnb Rental Income: $838 Traditional Rental Income: $1395 Airbnb ROI: 0.26% Traditional ROI: 5.05%
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.	$194,900	Airbnb cash on cash: -1.38% Traditional cash on cash: 2.8% Airbnb Rental Income: $838 Traditional Rental Income: $1282 Airbnb ROI: -1.38% Traditional ROI: 2.8%
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: -0.71% Traditional cash on cash: 0.63% Airbnb Rental Income: $2118 Traditional Rental Income: $3131 Airbnb ROI: -0.71% Traditional ROI: 0.63%
15476 Dodge Ave CLEAR LAKE, IA An unmatched stretch of shoreline, where every room lives in the view. Positioned on covet...	5 beds \| 7 baths \| 7,127 sq.ft.	$3,190,000	Airbnb cash on cash: -1.25% Traditional cash on cash: -0.05% Airbnb Rental Income: $1916 Traditional Rental Income: $4978 Airbnb ROI: -1.25% Traditional ROI: -0.05%
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: 0.34% Traditional cash on cash: 3.24% Airbnb Rental Income: $2118 Traditional Rental Income: $3147 Airbnb ROI: 0.34% Traditional ROI: 3.24%
15127 Dove Circle CLEAR LAKE, IA Welcome to the serene setting that is Whispering Oaks. Nestled on a quiet cul-de-sac, this...	4 beds \| 4 baths \| 2,912 sq.ft.	$764,900	Airbnb cash on cash: 0.19% Traditional cash on cash: 2.39% Airbnb Rental Income: $2118 Traditional Rental Income: $3145 Airbnb ROI: 0.19% Traditional ROI: 2.39%
15257 Thoburn Avenue CLEAR LAKE, IA LAKE ACCESS WITH BOAT SLIP TO ENJOY SUMMER DAYS ON THE LAKE! WELCOME TO THE BELL HARBOR CO...	3 beds \| 2 baths \| 2,040 sq.ft.	$555,740	Airbnb cash on cash: -0.43% Traditional cash on cash: 3.25% Airbnb Rental Income: $1109 Traditional Rental Income: $2647 Airbnb ROI: -0.43% Traditional ROI: 3.25%

Real Estate investment in Clear-lake, IA

There are 106 properties for sale in the city of Clear Lake . The median list price in Clear Lake is $441,250 and the average price per square foot is $202. In May 2026, the average monthly cash on cash return in Clear Lake is 3.00%. The average monthly rental income in Clear Lake is $2,464.

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

There are 106 investment properties available for sale in Clear-lake.

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

The ROI for Short-Term is higher than the Long-Term in Clear-lake with average rental income of $1,109.

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: 0.68%

Traditional cash on cash: 7.66%

Airbnb Rental Income: $1109

Traditional Rental Income: $2376

Airbnb ROI: 0.68%

Traditional ROI: 7.66%

1219 S Shore Drive

CLEAR LAKE, IA

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

$499,900

Airbnb cash on cash: 1.14%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $2118

Traditional Rental Income: $3064

Airbnb ROI: 1.14%

Traditional ROI: 4.33%

1811 N Shore Drive

CLEAR LAKE, IA

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

$4,325,000

Airbnb cash on cash: -1.36%

Traditional cash on cash: -0.01%

Airbnb Rental Income: $2118

Traditional Rental Income: $6998

Airbnb ROI: -1.36%

Traditional ROI: -0.01%

2101 Main Avenue

CLEAR LAKE, IA

4 beds | 3 baths | 2,413 sq.ft.

$323,900

Airbnb cash on cash: 3.15%

Traditional cash on cash: 7.77%

Airbnb Rental Income: $2118

Traditional Rental Income: $2983

Airbnb ROI: 3.15%

Traditional ROI: 7.77%

109 S 9th Street

CLEAR LAKE, IA

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

$280,000

Airbnb cash on cash: 0.73%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1109

Traditional Rental Income: $2238

Airbnb ROI: 0.73%

Traditional ROI: 6.42%

107 34Th Street W

CLEAR LAKE, IA

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

$395,000

Airbnb cash on cash: 1.92%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $2118

Traditional Rental Income: $2573

Airbnb ROI: 1.92%

Traditional ROI: 4.61%

4466 Park Avenue

CLEAR LAKE, IA

4 beds | 2 baths | 1,840 sq.ft.

$595,000

Airbnb cash on cash: 0.91%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $2118

Traditional Rental Income: $2655

Airbnb ROI: 0.91%

Traditional ROI: 2.85%

516 Lexington Dr

CLEAR LAKE, IA

3 beds | 3 baths | 3,692 sq.ft.

$550,000

Airbnb cash on cash: -1.44%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $1109

Traditional Rental Income: $2779

Airbnb ROI: -1.44%