Real Estate Investment Properties for Sale in Okoboji, IA

Looking for investment property in Okoboji, IA with high ROI ?

Explore a variety of short-term homes & houses in Okoboji, IA. Invest wisely with VRBO & Okoboji, 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 Okoboji, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3009 Lakeshore Drive Okoboji, IA 76' of prime West Lake on Dixon Beach in the heart of Okoboji. This modern design features...	5 beds \| 3 baths \| 4,384 sq.ft.	$3,198,000	Airbnb cash on cash: -1.13% Traditional cash on cash: -0.63% Airbnb Rental Income: $2514 Traditional Rental Income: $3384 Airbnb ROI: -1.13% Traditional ROI: -0.63%
1604 Nichols Avenue Okoboji, IA Enjoy West Okoboji Lake access through Echo Bay association with this beautifully renovate...	4 beds \| 1 baths \| 3,546 sq.ft.	$950,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 0.92% Airbnb Rental Income: $2076 Traditional Rental Income: $2234 Airbnb ROI: 0.13% Traditional ROI: 0.92%
1316 HWY 71 N 1 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	2 beds \| 1 baths \| 1,001 sq.ft.	$309,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 3.49% Airbnb Rental Income: $1487 Traditional Rental Income: $2126 Airbnb ROI: -0.21% Traditional ROI: 3.49%
1316 HWY 71 N 2 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	2 beds \| 1 baths \| 1,011 sq.ft.	$315,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 3.37% Airbnb Rental Income: $1487 Traditional Rental Income: $2126 Airbnb ROI: -0.26% Traditional ROI: 3.37%
1316 HWY 71 N 4 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 675 sq.ft.	$249,000	Airbnb cash on cash: -1.92% Traditional cash on cash: 4.81% Airbnb Rental Income: $849 Traditional Rental Income: $2102 Airbnb ROI: -1.92% Traditional ROI: 4.81%
1316 HWY 71 N 5 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 677 sq.ft.	$269,000	Airbnb cash on cash: -1.97% Traditional cash on cash: 4.27% Airbnb Rental Income: $849 Traditional Rental Income: $2102 Airbnb ROI: -1.97% Traditional ROI: 4.27%
1316 HWY 71 N 6 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 669 sq.ft.	$269,000	Airbnb cash on cash: -1.97% Traditional cash on cash: 4.27% Airbnb Rental Income: $849 Traditional Rental Income: $2102 Airbnb ROI: -1.97% Traditional ROI: 4.27%
1316 HWY 71 N 8 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	2 beds \| 1 baths \| 1,018 sq.ft.	$321,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 3.26% Airbnb Rental Income: $1487 Traditional Rental Income: $2126 Airbnb ROI: -0.3% Traditional ROI: 3.26%
1316 HWY 71 N 9 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 783 sq.ft.	$269,000	Airbnb cash on cash: -1.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $849 Traditional Rental Income: $2142 Airbnb ROI: -1.97% Traditional ROI: 4.43%
1316 HWY 71 N 13 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 789 sq.ft.	$319,000	Airbnb cash on cash: -2.06% Traditional cash on cash: 3.35% Airbnb Rental Income: $849 Traditional Rental Income: $2142 Airbnb ROI: -2.06% Traditional ROI: 3.35%
1316 HWY 71 N 16 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 847 sq.ft.	$219,000	Airbnb cash on cash: -1.84% Traditional cash on cash: 6.17% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.84% Traditional ROI: 6.17%
1316 HWY 71 N 17 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 849 sq.ft.	$233,000	Airbnb cash on cash: -1.88% Traditional cash on cash: 5.66% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.88% Traditional ROI: 5.66%
1316 HWY 71 N 18 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 844 sq.ft.	$234,000	Airbnb cash on cash: -1.88% Traditional cash on cash: 5.63% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.88% Traditional ROI: 5.63%
1316 HWY 71 N 19 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 850 sq.ft.	$235,000	Airbnb cash on cash: -1.88% Traditional cash on cash: 5.6% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.88% Traditional ROI: 5.6%
1316 HWY 71 N 20 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 847 sq.ft.	$237,000	Airbnb cash on cash: -1.89% Traditional cash on cash: 5.53% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.89% Traditional ROI: 5.53%
1316 HWY 71 N 21 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 965 sq.ft.	$239,000	Airbnb cash on cash: -1.9% Traditional cash on cash: 5.66% Airbnb Rental Income: $849 Traditional Rental Income: $2226 Airbnb ROI: -1.9% Traditional ROI: 5.66%
1316 HWY 71 N 22 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 945 sq.ft.	$239,000	Airbnb cash on cash: -1.9% Traditional cash on cash: 5.66% Airbnb Rental Income: $849 Traditional Rental Income: $2226 Airbnb ROI: -1.9% Traditional ROI: 5.66%
1316 HWY 71 N 24 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 802 sq.ft.	$239,000	Airbnb cash on cash: -1.9% Traditional cash on cash: 5.29% Airbnb Rental Income: $849 Traditional Rental Income: $2142 Airbnb ROI: -1.9% Traditional ROI: 5.29%
1316 HWY 71 N 25 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 850 sq.ft.	$243,000	Airbnb cash on cash: -1.91% Traditional cash on cash: 5.33% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.91% Traditional ROI: 5.33%
1316 HWY 71 N 26 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 846 sq.ft.	$246,000	Airbnb cash on cash: -1.91% Traditional cash on cash: 5.24% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.91% Traditional ROI: 5.24%
1316 HWY 71 N 27 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 851 sq.ft.	$253,000	Airbnb cash on cash: -1.93% Traditional cash on cash: 5.02% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.93% Traditional ROI: 5.02%
1316 HWY 71 N 28 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 851 sq.ft.	$255,000	Airbnb cash on cash: -1.94% Traditional cash on cash: 4.96% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.94% Traditional ROI: 4.96%
1316 HWY 71 N 29 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 843 sq.ft.	$257,000	Airbnb cash on cash: -1.94% Traditional cash on cash: 4.91% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.94% Traditional ROI: 4.91%
1316 HWY 71 N 30 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 850 sq.ft.	$261,000	Airbnb cash on cash: -1.95% Traditional cash on cash: 4.8% Airbnb Rental Income: $849 Traditional Rental Income: $2180 Airbnb ROI: -1.95% Traditional ROI: 4.8%
1316 HWY 71 N 31 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	1 beds \| 2 baths \| 802 sq.ft.	$337,000	Airbnb cash on cash: -2.09% Traditional cash on cash: 3.04% Airbnb Rental Income: $849 Traditional Rental Income: $2142 Airbnb ROI: -2.09% Traditional ROI: 3.04%
1613 Chalstrom Beach Road Augusta 302 Okoboji, IA Spectacular Lakefront Condo on Lake Okoboji â Includes Dock Space for your Boat! Experi...	3 beds \| 2 baths \| 1,833 sq.ft.	$799,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.13% Airbnb Rental Income: $1450 Traditional Rental Income: $2476 Airbnb ROI: -0.82% Traditional ROI: 1.13%
1652 Exchange Street 5 Okoboji, IA CHARMING GROUND-LEVEL CONDO IN PRIME LOCATION! Discover everything you need in this immacu...	2 beds \| 2 baths \| 1,024 sq.ft.	$209,900	Airbnb cash on cash: 2.36% Traditional cash on cash: 6.71% Airbnb Rental Income: $1487 Traditional Rental Income: $1916 Airbnb ROI: 2.36% Traditional ROI: 6.71%
1652 Exchange Street #20 Okoboji, IA From location, views and storage, this charming second~floor condo has it all. Just minute...	2 beds \| 2 baths \| 1,024 sq.ft.	$198,000	Airbnb cash on cash: 2.57% Traditional cash on cash: 8.29% Airbnb Rental Income: $1487 Traditional Rental Income: $2126 Airbnb ROI: 2.57% Traditional ROI: 8.29%
1605 Chalstrom Beach Road 303 Okoboji, IA This beautifully updated & upgraded 3-bedroom, 2-bath top-floor condo with loft, offers st...	3 beds \| N/A baths \| 1,691 sq.ft.	$699,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 0.94% Airbnb Rental Income: $1450 Traditional Rental Income: $2127 Airbnb ROI: -0.76% Traditional ROI: 0.94%
2813 Lakeshore Drive Okoboji, IA A contemporary retreat in the heart of Dixon Beach on West Lake Okoboji! This beautiful ho...	5 beds \| 4 baths \| 3,039 sq.ft.	$2,300,000	Airbnb cash on cash: -0.98% Traditional cash on cash: -0.11% Airbnb Rental Income: $2514 Traditional Rental Income: $3761 Airbnb ROI: -0.98% Traditional ROI: -0.11%
24425 178th Street Okoboji, IA Where memories are made! Step into the large main room, continue out to the large lakeside...	3 beds \| 3 baths \| 2,680 sq.ft.	$1,350,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 0.52% Airbnb Rental Income: $1450 Traditional Rental Income: $2905 Airbnb ROI: -0.98% Traditional ROI: 0.52%
1102 Highway 71 S Okoboji, IA Welcome to lakeside luxury living in the heart of Okoboji! This beautifully renovated 5-be...	5 beds \| 2 baths \| 3,328 sq.ft.	$2,294,000	Airbnb cash on cash: -0.61% Traditional cash on cash: -0.12% Airbnb Rental Income: $2514 Traditional Rental Income: $2944 Airbnb ROI: -0.61% Traditional ROI: -0.12%
1214 Gordon Dr 2 Okoboji, IA A great townhome in a great location! This three level townhome is only 1 of 6 units on 14...	3 beds \| 4 baths \| 2,400 sq.ft.	$1,200,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 0.44% Airbnb Rental Income: $1450 Traditional Rental Income: $2805 Airbnb ROI: -1.16% Traditional ROI: 0.44%
1103 Sanborn Avenue #3 Okoboji, IA Like nowhere elseâ¦ We are excited to be introducing the Okoboji Flats. The flats promise...	2 beds \| 2 baths \| 1,000 sq.ft.	$379,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.53% Airbnb Rental Income: $1487 Traditional Rental Income: $2457 Airbnb ROI: -0.41% Traditional ROI: 3.53%
1103 Sanborn Avenue #4 Okoboji, IA Like nowhere elseâ¦ We are excited to be introducing the Okoboji Flats. The flats promise...	2 beds \| 2 baths \| 1,000 sq.ft.	$379,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.53% Airbnb Rental Income: $1487 Traditional Rental Income: $2457 Airbnb ROI: -0.41% Traditional ROI: 3.53%
1103 Sanborn Avenue #5 Okoboji, IA Like nowhere elseâ¦ We are excited to be introducing the Okoboji Flats. The flats promise...	2 beds \| 2 baths \| 1,000 sq.ft.	$379,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.53% Airbnb Rental Income: $1487 Traditional Rental Income: $2457 Airbnb ROI: -0.41% Traditional ROI: 3.53%
1103 Sanborn Avenue #6 Okoboji, IA Like nowhere elseâ¦ We are excited to be introducing the Okoboji Flats. The flats promise...	2 beds \| 2 baths \| 1,000 sq.ft.	$389,900	Airbnb cash on cash: -0.43% Traditional cash on cash: 3.42% Airbnb Rental Income: $1487 Traditional Rental Income: $2457 Airbnb ROI: -0.43% Traditional ROI: 3.42%

Real Estate investment in Okoboji, IA

There are 47 properties for sale in the city of Okoboji . The median list price in Okoboji is $309,000 and the average price per square foot is $246. In September 2025, the average monthly cash on cash return in Okoboji is 4.00%. The average monthly rental income in Okoboji is $2,180.

Okoboji, IA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 47 investment properties available for sale in Okoboji.

In 2025, the best neighborhood to buy investment property is Okoboji.

The ROI for Long-Term is higher than the Short-Term in Okoboji with average rental income of $2,180.

Your search for investment property begins and ends here

Investment Property for Sale in Okoboji, IA

3009 Lakeshore Drive

Okoboji, IA

5 beds | 3 baths | 4,384 sq.ft.

$3,198,000

Airbnb cash on cash: -1.13%

Traditional cash on cash: -0.63%

Airbnb Rental Income: $2514

Traditional Rental Income: $3384

Airbnb ROI: -1.13%

Traditional ROI: -0.63%

1604 Nichols Avenue

Okoboji, IA

4 beds | 1 baths | 3,546 sq.ft.

$950,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 0.92%

Airbnb Rental Income: $2076

Traditional Rental Income: $2234

Airbnb ROI: 0.13%

Traditional ROI: 0.92%

1316 HWY 71 N 1

Okoboji, IA

2 beds | 1 baths | 1,001 sq.ft.

$309,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $1487

Traditional Rental Income: $2126

Airbnb ROI: -0.21%

Traditional ROI: 3.49%

1316 HWY 71 N 2

Okoboji, IA

2 beds | 1 baths | 1,011 sq.ft.

$315,000

Airbnb cash on cash: -0.26%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $1487

Traditional Rental Income: $2126

Airbnb ROI: -0.26%

Traditional ROI: 3.37%

1316 HWY 71 N 4

Okoboji, IA

1 beds | 2 baths | 675 sq.ft.

$249,000

Airbnb cash on cash: -1.92%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $849

Traditional Rental Income: $2102

Airbnb ROI: -1.92%

Traditional ROI: 4.81%

1316 HWY 71 N 5

Okoboji, IA

1 beds | 2 baths | 677 sq.ft.

$269,000

Airbnb cash on cash: -1.97%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $849

Traditional Rental Income: $2102

Airbnb ROI: -1.97%

Traditional ROI: 4.27%

1316 HWY 71 N 6

Okoboji, IA

1 beds | 2 baths | 669 sq.ft.

$269,000

Airbnb cash on cash: -1.97%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $849

Traditional Rental Income: $2102

Airbnb ROI: -1.97%

Traditional ROI: 4.27%

1316 HWY 71 N 8

Okoboji, IA

2 beds | 1 baths | 1,018 sq.ft.

$321,000

Airbnb cash on cash: -0.3%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1487

Traditional Rental Income: $2126

Airbnb ROI: -0.3%