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: -0.89% Traditional cash on cash: -0.17% Airbnb Rental Income: $2549 Traditional Rental Income: $5055 Airbnb ROI: -0.89% Traditional ROI: -0.17%
3009 Lakeshore Drive Okoboji, IA 76' of prime West Lake on Dixon Beach in the heart of Okoboji. This modern design features...	5 beds \| 5 baths \| 4,384 sq.ft.	$2,849,000	Airbnb cash on cash: -1.13% Traditional cash on cash: -0.59% Airbnb Rental Income: $2549 Traditional Rental Income: $3384 Airbnb ROI: -1.13% Traditional ROI: -0.59%
1652 Exchange Street #30 Okoboji, IA Okoboji living under $200k? This 2 bedroom, 2 bath unit is within walking distance of virt...	2 beds \| 2 baths \| 1,052 sq.ft.	$195,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 8% Airbnb Rental Income: $855 Traditional Rental Income: $2082 Airbnb ROI: -0.41% Traditional ROI: 8%
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.	$2,995,000	Airbnb cash on cash: -0.55% Traditional cash on cash: -0.54% Airbnb Rental Income: $2549 Traditional Rental Income: $1946 Airbnb ROI: -0.55% Traditional ROI: -0.54%
1800 Lakeshore Drive Okoboji, IA No detail overlooked - perfection defines this West Okoboji property with lake access. Thi...	3 beds \| 3 baths \| 2,760 sq.ft.	$1,275,000	Airbnb cash on cash: -0.8% Traditional cash on cash: -0.05% Airbnb Rental Income: $1144 Traditional Rental Income: $1658 Airbnb ROI: -0.8% Traditional ROI: -0.05%
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: -2.03% Traditional cash on cash: 3.49% Airbnb Rental Income: $855 Traditional Rental Income: $2126 Airbnb ROI: -2.03% Traditional ROI: 3.49%
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: -3.62% Traditional cash on cash: 4.81% Airbnb Rental Income: $369 Traditional Rental Income: $2102 Airbnb ROI: -3.62% 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: -3.54% Traditional cash on cash: 4.27% Airbnb Rental Income: $369 Traditional Rental Income: $2102 Airbnb ROI: -3.54% 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: -3.54% Traditional cash on cash: 4.27% Airbnb Rental Income: $369 Traditional Rental Income: $2102 Airbnb ROI: -3.54% 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: -3.54% Traditional cash on cash: 4.43% Airbnb Rental Income: $369 Traditional Rental Income: $2142 Airbnb ROI: -3.54% 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: -3.39% Traditional cash on cash: 3.35% Airbnb Rental Income: $369 Traditional Rental Income: $2142 Airbnb ROI: -3.39% 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: -3.69% Traditional cash on cash: 5.66% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.69% 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: -3.69% Traditional cash on cash: 5.63% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.69% 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: -3.68% Traditional cash on cash: 5.6% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.68% 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: -3.67% Traditional cash on cash: 5.53% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.67% 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: -3.67% Traditional cash on cash: 5.66% Airbnb Rental Income: $369 Traditional Rental Income: $2226 Airbnb ROI: -3.67% 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: -3.67% Traditional cash on cash: 5.66% Airbnb Rental Income: $369 Traditional Rental Income: $2226 Airbnb ROI: -3.67% 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: -3.67% Traditional cash on cash: 5.29% Airbnb Rental Income: $369 Traditional Rental Income: $2142 Airbnb ROI: -3.67% 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: -3.65% Traditional cash on cash: 5.33% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.65% 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: -3.63% Traditional cash on cash: 5.24% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.63% 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: -3.6% Traditional cash on cash: 5.02% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.6% 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: -3.6% Traditional cash on cash: 4.96% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.6% 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: -3.59% Traditional cash on cash: 4.91% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.59% 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: -3.57% Traditional cash on cash: 4.8% Airbnb Rental Income: $369 Traditional Rental Income: $2180 Airbnb ROI: -3.57% Traditional ROI: 4.8%
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.	$595,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.25% Airbnb Rental Income: $1600 Traditional Rental Income: $2762 Airbnb ROI: 0.34% Traditional ROI: 3.25%
1652 Exchange Street #15 Okoboji, IA A Canvas of Possibilities in This Charming Condo - This two-bedroom, two-bathroom lower-le...	2 beds \| 2 baths \| 1,024 sq.ft.	$210,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 7.14% Airbnb Rental Income: $855 Traditional Rental Income: $2051 Airbnb ROI: -0.53% Traditional ROI: 7.14%
1302 HWY 71 N #32 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2-now featuring spacious 3- and 4-bedr...	3 beds \| 2 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.74% Airbnb Rental Income: $1144 Traditional Rental Income: $1904 Airbnb ROI: -0.49% Traditional ROI: 1.74%
1103 Sanborn Avenue #5 Okoboji, IA Like nowhere else... 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: -1.89% Traditional cash on cash: 3.53% Airbnb Rental Income: $855 Traditional Rental Income: $2457 Airbnb ROI: -1.89% Traditional ROI: 3.53%
1020 Hwy 71 #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.	$499,900	Airbnb cash on cash: -1.57% Traditional cash on cash: 0.87% Airbnb Rental Income: $855 Traditional Rental Income: $1668 Airbnb ROI: -1.57% Traditional ROI: 0.87%
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: -0.07% Traditional cash on cash: 4.58% Airbnb Rental Income: $1144 Traditional Rental Income: $2079 Airbnb ROI: -0.07% 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.	$575,000	Airbnb cash on cash: -2.27% Traditional cash on cash: -0.4% Airbnb Rental Income: $855 Traditional Rental Income: $1531 Airbnb ROI: -2.27% Traditional ROI: -0.4%
1207 Eloise Street #4 Okoboji, IA This Prime Location puts this Great Property right in the middle of everything "Okoboji". ...	2 beds \| 3 baths \| 1,152 sq.ft.	$275,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 5% Airbnb Rental Income: $855 Traditional Rental Income: $2057 Airbnb ROI: -0.92% Traditional ROI: 5%
1652 Exchange Street #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.	$299,900	Airbnb cash on cash: -0.78% Traditional cash on cash: 3.97% Airbnb Rental Income: $855 Traditional Rental Income: $1865 Airbnb ROI: -0.78% Traditional ROI: 3.97%
3907 Lakeshore Drive Okoboji, IA Stunning 5-bedroom, 3.5-bathroom home on prestigious Echo Bay. This gorgeous two-story hom...	5 beds \| 4 baths \| 4,648 sq.ft.	$3,950,000	Airbnb cash on cash: -1.24% Traditional cash on cash: -1.09% Airbnb Rental Income: $2549 Traditional Rental Income: $2473 Airbnb ROI: -1.24% Traditional ROI: -1.09%
1203 Sanborn Avenue #1 Okoboji, IA Rare opportunity! Enjoy the privacy of a stand-alone condo located in the highly desirable...	2 beds \| 2 baths \| 1,856 sq.ft.	$462,500	Airbnb cash on cash: -1.02% Traditional cash on cash: 2.44% Airbnb Rental Income: $855 Traditional Rental Income: $2025 Airbnb ROI: -1.02% Traditional ROI: 2.44%
23795 178th St Okoboji, IA 23795 178th St, Okoboji, IA 51355 \| Other	N/A beds \| N/A baths \| N/A	$1,250,000	Airbnb cash on cash: -2.59% Traditional cash on cash: -1.98% Airbnb Rental Income: $299 Traditional Rental Income: $766 Airbnb ROI: -2.59% Traditional ROI: -1.98%
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: -1.73% Traditional cash on cash: 0.2% Airbnb Rental Income: $855 Traditional Rental Income: $1531 Airbnb ROI: -1.73% Traditional ROI: 0.2%

Real Estate investment in Okoboji, IA

There are 46 properties for sale in the city of Okoboji . The median list price in Okoboji is $299,450 and the average price per square foot is $177. In May 2026, the average monthly cash on cash return in Okoboji is 4.00%. The average monthly rental income in Okoboji is $2,142.

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

There are 46 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 $2,142.

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: -0.89%

Traditional cash on cash: -0.17%

Airbnb Rental Income: $2549

Traditional Rental Income: $5055

Airbnb ROI: -0.89%

Traditional ROI: -0.17%

3009 Lakeshore Drive

Okoboji, IA

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

$2,849,000

Airbnb cash on cash: -1.13%

Traditional cash on cash: -0.59%

Airbnb Rental Income: $2549

Traditional Rental Income: $3384

Airbnb ROI: -1.13%

Traditional ROI: -0.59%

1652 Exchange Street #30

Okoboji, IA

2 beds | 2 baths | 1,052 sq.ft.

$195,000

Airbnb cash on cash: -0.41%

Traditional cash on cash: 8%

Airbnb Rental Income: $855

Traditional Rental Income: $2082

Airbnb ROI: -0.41%

Traditional ROI: 8%

24409 178th St

Okoboji, IA

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

$2,995,000

Airbnb cash on cash: -0.55%

Traditional cash on cash: -0.54%

Airbnb Rental Income: $2549

Traditional Rental Income: $1946

Airbnb ROI: -0.55%

Traditional ROI: -0.54%

1800 Lakeshore Drive

Okoboji, IA

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

$1,275,000

Airbnb cash on cash: -0.8%

Traditional cash on cash: -0.05%

Airbnb Rental Income: $1144

Traditional Rental Income: $1658

Airbnb ROI: -0.8%

Traditional ROI: -0.05%

1316 Hwy 71 N #1

Okoboji, IA

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

$309,000

Airbnb cash on cash: -2.03%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $855

Traditional Rental Income: $2126

Airbnb ROI: -2.03%

Traditional ROI: 3.49%

1316 Hwy 71 N #4

Okoboji, IA

1 beds | 1 baths | 675 sq.ft.

$249,000

Airbnb cash on cash: -3.62%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $369

Traditional Rental Income: $2102

Airbnb ROI: -3.62%

Traditional ROI: 4.81%

1316 Hwy 71 N #5

Okoboji, IA

1 beds | 1 baths | 677 sq.ft.

$269,000

Airbnb cash on cash: -3.54%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $369

Traditional Rental Income: $2102

Airbnb ROI: -3.54%