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
1203 Eloise St. #3 Okoboji, IA Here it is! Great starter for your weekend home here in the Iowa Great Lakes with an Okobo...	2 beds \| 3 baths \| 1,152 sq.ft.	$294,500	Airbnb cash on cash: -0.5% Traditional cash on cash: 5.17% Airbnb Rental Income: $996 Traditional Rental Income: $2212 Airbnb ROI: -0.5% Traditional ROI: 5.17%
3009 Lakeshore Dr Okoboji, IA 76' of prime West Lake on Dixon Beach in the heart of Okoboji. This modern design features...	5 beds \| 4 baths \| 4,384 sq.ft.	$3,198,000	Airbnb cash on cash: -1.26% Traditional cash on cash: -0.63% Airbnb Rental Income: $2042 Traditional Rental Income: $3384 Airbnb ROI: -1.26% Traditional ROI: -0.63%
1316 Hwy 71 N #1 Okoboji, IA LAKE ACCESS!! Welcome to 71 Shores, Okobojiâs newest and most exciting development! This...	2 beds \| 2 baths \| 1,001 sq.ft.	$309,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 3.49% Airbnb Rental Income: $996 Traditional Rental Income: $2126 Airbnb ROI: -1.62% 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 \| 2 baths \| 1,011 sq.ft.	$315,000	Airbnb cash on cash: -1.64% Traditional cash on cash: 3.37% Airbnb Rental Income: $996 Traditional Rental Income: $2126 Airbnb ROI: -1.64% 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 \| 1 baths \| 675 sq.ft.	$249,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 4.81% Airbnb Rental Income: $942 Traditional Rental Income: $2102 Airbnb ROI: -1.59% 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 \| 1 baths \| 677 sq.ft.	$269,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 4.27% Airbnb Rental Income: $942 Traditional Rental Income: $2102 Airbnb ROI: -1.66% 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 \| 1 baths \| 669 sq.ft.	$269,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 4.27% Airbnb Rental Income: $942 Traditional Rental Income: $2102 Airbnb ROI: -1.66% 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 \| 2 baths \| 1,018 sq.ft.	$321,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 3.26% Airbnb Rental Income: $996 Traditional Rental Income: $2126 Airbnb ROI: -1.66% 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 \| 1 baths \| 783 sq.ft.	$269,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 4.43% Airbnb Rental Income: $942 Traditional Rental Income: $2142 Airbnb ROI: -1.66% 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 \| 1 baths \| 789 sq.ft.	$319,000	Airbnb cash on cash: -1.8% Traditional cash on cash: 3.35% Airbnb Rental Income: $942 Traditional Rental Income: $2142 Airbnb ROI: -1.8% 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 \| 1 baths \| 847 sq.ft.	$219,000	Airbnb cash on cash: -1.46% Traditional cash on cash: 6.17% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.46% 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 \| 1 baths \| 849 sq.ft.	$233,000	Airbnb cash on cash: -1.53% Traditional cash on cash: 5.66% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.53% 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 \| 1 baths \| 844 sq.ft.	$234,000	Airbnb cash on cash: -1.53% Traditional cash on cash: 5.63% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.53% 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 \| 1 baths \| 850 sq.ft.	$235,000	Airbnb cash on cash: -1.53% Traditional cash on cash: 5.6% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.53% 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 \| 1 baths \| 847 sq.ft.	$237,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 5.53% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.54% 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 \| 1 baths \| 965 sq.ft.	$239,000	Airbnb cash on cash: -1.55% Traditional cash on cash: 5.66% Airbnb Rental Income: $942 Traditional Rental Income: $2226 Airbnb ROI: -1.55% 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 \| 1 baths \| 945 sq.ft.	$239,000	Airbnb cash on cash: -1.55% Traditional cash on cash: 5.66% Airbnb Rental Income: $942 Traditional Rental Income: $2226 Airbnb ROI: -1.55% 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 \| 1 baths \| 802 sq.ft.	$239,000	Airbnb cash on cash: -1.55% Traditional cash on cash: 5.29% Airbnb Rental Income: $942 Traditional Rental Income: $2142 Airbnb ROI: -1.55% 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 \| 1 baths \| 850 sq.ft.	$243,000	Airbnb cash on cash: -1.57% Traditional cash on cash: 5.33% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.57% 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 \| 1 baths \| 846 sq.ft.	$246,000	Airbnb cash on cash: -1.58% Traditional cash on cash: 5.24% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.58% 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 \| 1 baths \| 851 sq.ft.	$253,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 5.02% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.61% 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 \| 1 baths \| 851 sq.ft.	$255,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 4.96% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.62% 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 \| 1 baths \| 843 sq.ft.	$257,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 4.91% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.62% 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 \| 1 baths \| 850 sq.ft.	$261,000	Airbnb cash on cash: -1.63% Traditional cash on cash: 4.8% Airbnb Rental Income: $942 Traditional Rental Income: $2180 Airbnb ROI: -1.63% 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 \| 1 baths \| 802 sq.ft.	$337,000	Airbnb cash on cash: -1.84% Traditional cash on cash: 3.04% Airbnb Rental Income: $942 Traditional Rental Income: $2142 Airbnb ROI: -1.84% Traditional ROI: 3.04%
1238 Summer Cir Okoboji, IA Beautifully renovated and tucked away in a quiet neighborhood, this inviting home is just ...	4 beds \| 2 baths \| 2,916 sq.ft.	$649,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 2.9% Airbnb Rental Income: $1696 Traditional Rental Income: $2762 Airbnb ROI: 0.36% Traditional ROI: 2.9%
1652 Exchange St #26 Okoboji, IA Get ready to fall in love with this cheerful and move-in-ready 2-bedroom, 2-bath condo! Pe...	2 beds \| 2 baths \| 1,052 sq.ft.	$184,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 8.61% Airbnb Rental Income: $996 Traditional Rental Income: $2075 Airbnb ROI: 0.45% Traditional ROI: 8.61%
1302 Hwy 71 N #32 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 2 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 2.28% Airbnb Rental Income: $996 Traditional Rental Income: $1904 Airbnb ROI: -0.18% Traditional ROI: 2.28%
1302 Hwy 71 N #33 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 2 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 2.28% Airbnb Rental Income: $996 Traditional Rental Income: $1904 Airbnb ROI: -0.18% Traditional ROI: 2.28%
1302 Hwy 71 N #34 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 2 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 2.28% Airbnb Rental Income: $996 Traditional Rental Income: $1904 Airbnb ROI: -0.18% Traditional ROI: 2.28%
1302 Hwy 71 N #35 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 2 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 2.28% Airbnb Rental Income: $996 Traditional Rental Income: $1904 Airbnb ROI: -0.18% Traditional ROI: 2.28%
1302 Hwy 71 N #36 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: -0.13% Traditional ROI: 2.81%
1302 Hwy 71 N #37 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$749,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.55% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: 0.04% Traditional ROI: 3.55%
1302 Hwy 71 N #38 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: -0.13% Traditional ROI: 2.81%
1302 Hwy 71 N #39 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: -0.13% Traditional ROI: 2.81%
1302 Hwy 71 N #40 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: -0.13% Traditional ROI: 2.81%
1302 Hwy 71 N #41 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: -0.13% Traditional ROI: 2.81%
1302 Hwy 71 N #42 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: -0.13% Traditional ROI: 2.81%
1302 Hwy 71 N #43 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	4 beds \| 3 baths \| 2,000 sq.ft.	$895,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.81% Airbnb Rental Income: $1696 Traditional Rental Income: $3676 Airbnb ROI: -0.13% Traditional ROI: 2.81%

Real Estate investment in Okoboji, IA

There are 76 properties for sale in the city of Okoboji . The median list price in Okoboji is $317,000 and the average price per square foot is $196. In February 2026, 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 76 investment properties available for sale in Okoboji.

In 2026, 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

1203 Eloise St. #3

Okoboji, IA

2 beds | 3 baths | 1,152 sq.ft.

$294,500

Airbnb cash on cash: -0.5%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $996

Traditional Rental Income: $2212

Airbnb ROI: -0.5%

Traditional ROI: 5.17%

3009 Lakeshore Dr

Okoboji, IA

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

$3,198,000

Airbnb cash on cash: -1.26%

Traditional cash on cash: -0.63%

Airbnb Rental Income: $2042

Traditional Rental Income: $3384

Airbnb ROI: -1.26%

Traditional ROI: -0.63%

1316 Hwy 71 N #1

Okoboji, IA

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

$309,000

Airbnb cash on cash: -1.62%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $996

Traditional Rental Income: $2126

Airbnb ROI: -1.62%

Traditional ROI: 3.49%

1316 Hwy 71 N #2

Okoboji, IA

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

$315,000

Airbnb cash on cash: -1.64%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $996

Traditional Rental Income: $2126

Airbnb ROI: -1.64%

Traditional ROI: 3.37%

1316 Hwy 71 N #4

Okoboji, IA

1 beds | 1 baths | 675 sq.ft.

$249,000

Airbnb cash on cash: -1.59%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $942

Traditional Rental Income: $2102

Airbnb ROI: -1.59%

Traditional ROI: 4.81%

1316 Hwy 71 N #5

Okoboji, IA

1 beds | 1 baths | 677 sq.ft.

$269,000

Airbnb cash on cash: -1.66%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $942

Traditional Rental Income: $2102

Airbnb ROI: -1.66%

Traditional ROI: 4.27%

1316 Hwy 71 N #6

Okoboji, IA

1 beds | 1 baths | 669 sq.ft.

$269,000

Airbnb cash on cash: -1.66%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $942

Traditional Rental Income: $2102

Airbnb ROI: -1.66%

Traditional ROI: 4.27%

1316 Hwy 71 N #8

Okoboji, IA

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

$321,000

Airbnb cash on cash: -1.66%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $996

Traditional Rental Income: $2126

Airbnb ROI: -1.66%