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
3711 Fairfield St Okoboji, IA The best of West Okoboji Lake living... Savor every moment with your family in this divine...	8 beds \| 5 baths \| 5,803 sq.ft.	$4,698,800	Airbnb cash on cash: -0.81% Traditional cash on cash: -0.17% Airbnb Rental Income: $2962 Traditional Rental Income: $5055 Airbnb ROI: -0.81% Traditional ROI: -0.17%
1020 Brooks North Ln Okoboji, IA Heart of Okoboji neighborhood! Only a 1/2 a mile to three marinas to keep your boat! Golf,...	4 beds \| 3 baths \| 3,204 sq.ft.	$899,900	Airbnb cash on cash: 0.26% Traditional cash on cash: 1.86% Airbnb Rental Income: $2148 Traditional Rental Income: $2943 Airbnb ROI: 0.26% Traditional ROI: 1.86%
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.	$2,745,000	Airbnb cash on cash: -1% Traditional cash on cash: -0.57% Airbnb Rental Income: $2962 Traditional Rental Income: $3384 Airbnb ROI: -1% Traditional ROI: -0.57%
24409 178th St Okoboji, IA Great sweeping views of East Lake Okoboji; a flat approach to the water; a large lakeside ...	8 beds \| 7 baths \| 6,422 sq.ft.	$2,625,000	Airbnb cash on cash: -0.34% Traditional cash on cash: -0.48% Airbnb Rental Income: $2962 Traditional Rental Income: $1946 Airbnb ROI: -0.34% Traditional ROI: -0.48%
1800 Lakeshore Dr Okoboji, IA No detail overlooked - perfection defines this West Okoboji property with lake access. Thi...	3 beds \| 2 baths \| 2,760 sq.ft.	$1,275,000	Airbnb cash on cash: -0.38% Traditional cash on cash: -0.05% Airbnb Rental Income: $1742 Traditional Rental Income: $1658 Airbnb ROI: -0.38% Traditional ROI: -0.05%
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: -1.91% Traditional cash on cash: 4.81% Airbnb Rental Income: $852 Traditional Rental Income: $2102 Airbnb ROI: -1.91% 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: -1.96% Traditional cash on cash: 4.27% Airbnb Rental Income: $852 Traditional Rental Income: $2102 Airbnb ROI: -1.96% 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: -1.96% Traditional cash on cash: 4.27% Airbnb Rental Income: $852 Traditional Rental Income: $2102 Airbnb ROI: -1.96% Traditional ROI: 4.27%
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: -1.96% Traditional cash on cash: 4.43% Airbnb Rental Income: $852 Traditional Rental Income: $2142 Airbnb ROI: -1.96% 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: -2.05% Traditional cash on cash: 3.35% Airbnb Rental Income: $852 Traditional Rental Income: $2142 Airbnb ROI: -2.05% Traditional ROI: 3.35%
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: -1.87% Traditional cash on cash: 5.66% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.87% 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: -1.87% Traditional cash on cash: 5.63% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.87% 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: -1.87% Traditional cash on cash: 5.6% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.87% 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: -1.88% Traditional cash on cash: 5.53% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.88% 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: -1.88% Traditional cash on cash: 5.66% Airbnb Rental Income: $852 Traditional Rental Income: $2226 Airbnb ROI: -1.88% 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: -1.88% Traditional cash on cash: 5.66% Airbnb Rental Income: $852 Traditional Rental Income: $2226 Airbnb ROI: -1.88% 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: -1.88% Traditional cash on cash: 5.29% Airbnb Rental Income: $852 Traditional Rental Income: $2142 Airbnb ROI: -1.88% 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: -1.89% Traditional cash on cash: 5.33% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.89% 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: -1.9% Traditional cash on cash: 5.24% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.9% 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: -1.92% Traditional cash on cash: 5.02% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.92% 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: -1.93% Traditional cash on cash: 4.96% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.93% 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: -1.93% Traditional cash on cash: 4.91% Airbnb Rental Income: $852 Traditional Rental Income: $2180 Airbnb ROI: -1.93% Traditional ROI: 4.91%
1238 Summer Circle Okoboji, IA Beautifully renovated and tucked away in a quiet neighborhood, this inviting home is just ...	4 beds \| 2 baths \| 2,916 sq.ft.	$585,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 3.32% Airbnb Rental Income: $2148 Traditional Rental Income: $2762 Airbnb ROI: 1.2% Traditional ROI: 3.32%
2105 Lakeshore Dr Okoboji, IA Welcome to an extraordinary lakeside retreat on the coveted shores of Des Moines Beach on ...	5 beds \| 4 baths \| 4,617 sq.ft.	$4,375,000	Airbnb cash on cash: -0.63% Traditional cash on cash: -0.42% Airbnb Rental Income: $2962 Traditional Rental Income: $3126 Airbnb ROI: -0.63% Traditional ROI: -0.42%
1201 Lakeshore Dr Okoboji, IA Welcome to 1201 Lakeshore Drive, a newly constructed lakefront retreat on the shores of ic...	4 beds \| 3 baths \| 2,560 sq.ft.	$2,790,000	Airbnb cash on cash: -0.95% Traditional cash on cash: -0.51% Airbnb Rental Income: $2148 Traditional Rental Income: $2740 Airbnb ROI: -0.95% Traditional ROI: -0.51%
1203 Lakeshore Dr Okoboji, IA Delightful 3-Bedroom Home on West Lake Okoboji! This year-round ranch-style home offers 50...	4 beds \| 2 baths \| 2,400 sq.ft.	$3,135,000	Airbnb cash on cash: -1% Traditional cash on cash: -0.65% Airbnb Rental Income: $2148 Traditional Rental Income: $2600 Airbnb ROI: -1% Traditional ROI: -0.65%
1020 Hwy 71 S #6 Okoboji, IA Boat slip. Ground-level. In the heart of Okoboji. Walk to The Okoboji Store, Arnold's Park...	2 beds \| 2 baths \| 1,008 sq.ft.	$485,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 0.93% Airbnb Rental Income: $1334 Traditional Rental Income: $1668 Airbnb ROI: -0.71% Traditional ROI: 0.93%
1316 Hwy 71 N #32 Okoboji, IA Welcome to 71 Shores. This unit provides a unique opportunity for a buyer to purchase and ...	3 beds \| 2 baths \| 2,850 sq.ft.	$300,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 4.58% Airbnb Rental Income: $1742 Traditional Rental Income: $2079 Airbnb ROI: 1.69% Traditional ROI: 4.58%
1020 Hwy 71 S #10 Okoboji, IA 1020 Hwy 71 S #10, Okoboji, IA 51355 \| Condo/Coop	2 beds \| 2 baths \| 1,008 sq.ft.	$525,000	Airbnb cash on cash: -1.43% Traditional cash on cash: -0.19% Airbnb Rental Income: $1334 Traditional Rental Income: $1531 Airbnb ROI: -1.43% Traditional ROI: -0.19%
1652 Exchange St #45 Okoboji, IA The Developer built this unit for his personal home, and it is special! One of only a few ...	2 beds \| 2 baths \| 1,312 sq.ft.	$289,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 4.13% Airbnb Rental Income: $1334 Traditional Rental Income: $1865 Airbnb ROI: 0.68% Traditional ROI: 4.13%
3907 Lakeshore Dr Okoboji, IA Stunning 5-bedroom, 3.5-bathroom home on prestigious Echo Bay. This gorgeous two-story hom...	5 beds \| 3 baths \| 4,648 sq.ft.	$3,950,000	Airbnb cash on cash: -1.14% Traditional cash on cash: -1.09% Airbnb Rental Income: $2962 Traditional Rental Income: $2473 Airbnb ROI: -1.14% Traditional ROI: -1.09%
1020 Hwy 71 S #8 Okoboji, IA 1020 Hwy 71 S #8, Okoboji, IA 51355 \| Condo/Coop	2 beds \| 2 baths \| 1,008 sq.ft.	$559,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 0.2% Airbnb Rental Income: $1334 Traditional Rental Income: $1531 Airbnb ROI: -0.97% Traditional ROI: 0.2%
1205 Lakeshore Dr Okoboji, IA 1205 Lakeshore Dr, Okoboji, IA 51355 \| Single Family Residential	6 beds \| 4 baths \| 5,197 sq.ft.	$3,975,000	Airbnb cash on cash: -1.97% Traditional cash on cash: -1.62% Airbnb Rental Income: $2962 Traditional Rental Income: $3572 Airbnb ROI: -1.97% Traditional ROI: -1.62%
1605 Chalstrom Beach Road Okoboji, IA Furnished (down to the boat and hoist) here is a turn key opportunity to start enjoying th...	3 beds \| 2 baths \| 1,691 sq.ft.	$699,000	Airbnb cash on cash: -5% Traditional cash on cash: -3.7% Airbnb Rental Income: $1742 Traditional Rental Income: $2107 Airbnb ROI: -5% Traditional ROI: -3.7%
2300 Country Club Dr Dr #5 Okoboji, IA IN THE HEART OF OKOBOJI!! Wonderful low traffic location on Brooks Golf Course with awesom...	3 beds \| 2 baths \| 1,698 sq.ft.	$307,700	Airbnb cash on cash: 2.28% Traditional cash on cash: 5.35% Airbnb Rental Income: $1742 Traditional Rental Income: $2152 Airbnb ROI: 2.28% Traditional ROI: 5.35%
1201 Lake Shore Drive Okoboji, IA Welcome to 1201 Lakeshore Drive, a newly constructed lakefront retreat on the shores of ic...	4 beds \| 4 baths \| 2,560 sq.ft.	$2,790,000	Airbnb cash on cash: -0.95% Traditional cash on cash: -0.13% Airbnb Rental Income: $2148 Traditional Rental Income: $3726 Airbnb ROI: -0.95% Traditional ROI: -0.13%
1652 Exchange St #44 Okoboji, IA Freshly updated and offering over 1,000 square feet of living space, this 2-bedroom, 2-bat...	2 beds \| 2 baths \| 1,024 sq.ft.	$169,900	Airbnb cash on cash: 2.11% Traditional cash on cash: 8.28% Airbnb Rental Income: $1334 Traditional Rental Income: $1922 Airbnb ROI: 2.11% Traditional ROI: 8.28%

Real Estate investment in Okoboji, IA

There are 44 properties for sale in the city of Okoboji . The median list price in Okoboji is $304,818 and the average price per square foot is $162. In July 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 44 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

3711 Fairfield St

Okoboji, IA

8 beds | 5 baths | 5,803 sq.ft.

$4,698,800

Airbnb cash on cash: -0.81%

Traditional cash on cash: -0.17%

Airbnb Rental Income: $2962

Traditional Rental Income: $5055

Airbnb ROI: -0.81%

Traditional ROI: -0.17%

1020 Brooks North Ln

Okoboji, IA

4 beds | 3 baths | 3,204 sq.ft.

$899,900

Airbnb cash on cash: 0.26%

Traditional cash on cash: 1.86%

Airbnb Rental Income: $2148

Traditional Rental Income: $2943

Airbnb ROI: 0.26%

Traditional ROI: 1.86%

3009 Lakeshore Dr

Okoboji, IA

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

$2,745,000

Airbnb cash on cash: -1%

Traditional cash on cash: -0.57%

Airbnb Rental Income: $2962

Traditional Rental Income: $3384

Airbnb ROI: -1%

Traditional ROI: -0.57%

24409 178th St

Okoboji, IA

8 beds | 7 baths | 6,422 sq.ft.

$2,625,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: -0.48%

Airbnb Rental Income: $2962

Traditional Rental Income: $1946

Airbnb ROI: -0.34%

Traditional ROI: -0.48%

1800 Lakeshore Dr

Okoboji, IA

3 beds | 2 baths | 2,760 sq.ft.

$1,275,000

Airbnb cash on cash: -0.38%

Traditional cash on cash: -0.05%

Airbnb Rental Income: $1742

Traditional Rental Income: $1658

Airbnb ROI: -0.38%

Traditional ROI: -0.05%

1316 Hwy 71 N #4

Okoboji, IA

1 beds | 1 baths | 675 sq.ft.

$249,000

Airbnb cash on cash: -1.91%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $852

Traditional Rental Income: $2102

Airbnb ROI: -1.91%

Traditional ROI: 4.81%

1316 Hwy 71 N #5

Okoboji, IA

1 beds | 1 baths | 677 sq.ft.

$269,000

Airbnb cash on cash: -1.96%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $852

Traditional Rental Income: $2102

Airbnb ROI: -1.96%

Traditional ROI: 4.27%

1316 Hwy 71 N #6

Okoboji, IA

1 beds | 1 baths | 669 sq.ft.

$269,000

Airbnb cash on cash: -1.96%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $852

Traditional Rental Income: $2102

Airbnb ROI: -1.96%