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: -1.26% Traditional cash on cash: -0.63% Airbnb Rental Income: $2042 Traditional Rental Income: $3384 Airbnb ROI: -1.26% 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: -0.22% Traditional cash on cash: 0.92% Airbnb Rental Income: $1696 Traditional Rental Income: $2234 Airbnb ROI: -0.22% Traditional ROI: 0.92%
1800 Lakeshore Drive Okoboji, IA No detail overlooked â perfection defines this West Okoboji property with lake access. T...	3 beds \| 3 baths \| 2,354 sq.ft.	$1,195,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 0.02% Airbnb Rental Income: $1322 Traditional Rental Income: $1658 Airbnb ROI: -0.65% Traditional ROI: 0.02%
1700 Country Club Drive 206 Okoboji, IA PRIME LOCATION in OKOBOJI: golf, pool, dining and entertainment! Affordable, efficient, an...	1 beds \| 1 baths \| 594 sq.ft.	$159,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 6.18% Airbnb Rental Income: $942 Traditional Rental Income: $1300 Airbnb ROI: 1.57% Traditional ROI: 6.18%
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: -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 \| 1 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 \| 2 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 \| 2 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 \| 2 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 \| 1 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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 \| 2 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%
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: -0.97% Traditional cash on cash: 1.13% Airbnb Rental Income: $1322 Traditional Rental Income: $2476 Airbnb ROI: -0.97% Traditional ROI: 1.13%
1652 Exchange Street #20 Okoboji, IA From location and views to storage and style, this charming second-floor end-unit condo ha...	2 beds \| 2 baths \| 1,024 sq.ft.	$174,995	Airbnb cash on cash: 0.57% Traditional cash on cash: 9.48% Airbnb Rental Income: $996 Traditional Rental Income: $2126 Airbnb ROI: 0.57% Traditional ROI: 9.48%
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: -0.8% Traditional cash on cash: -0.12% Airbnb Rental Income: $2042 Traditional Rental Income: $2944 Airbnb ROI: -0.8% Traditional ROI: -0.12%
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: -1.56% Traditional cash on cash: 3.53% Airbnb Rental Income: $996 Traditional Rental Income: $2457 Airbnb ROI: -1.56% 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: -1.56% Traditional cash on cash: 3.53% Airbnb Rental Income: $996 Traditional Rental Income: $2457 Airbnb ROI: -1.56% Traditional ROI: 3.53%
1652 Exchange Street 49 Okoboji, IA Discover the perfect blend of privacy and convenience in this charming 2-bedroom stand-alo...	2 beds \| 1 baths \| 1,005 sq.ft.	$210,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 5.87% Airbnb Rental Income: $996 Traditional Rental Income: $1764 Airbnb ROI: 0.23% Traditional ROI: 5.87%
1603 Chalstrom Beach Rd #202 Okoboji, IA Nestled in the sought~after Charlstroms Beach community on the shimmering shores of East L...	2 beds \| 2 baths \| 1,353 sq.ft.	$550,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 2.73% Airbnb Rental Income: $996 Traditional Rental Income: $2382 Airbnb ROI: -0.66% Traditional ROI: 2.73%
1020 Hwy 71 S #2 Okoboji, IA Itâs Beautiful Hereâ¦ Ready to move in and it comes fully furnished. This Condo itâs...	2 beds \| 2 baths \| 1,008 sq.ft.	$649,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.05% Airbnb Rental Income: $996 Traditional Rental Income: $2038 Airbnb ROI: -1.26% Traditional ROI: 1.05%
1020 Hwy 71 S 6 Okoboji, IA Boat slip. Ground-level. In the heart of Okoboji. Walk to The Okoboji Store, Arnoldâs P...	2 beds \| 1 baths \| 1,008 sq.ft.	$550,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 0.71% Airbnb Rental Income: $996 Traditional Rental Income: $1668 Airbnb ROI: -1.29% Traditional ROI: 0.71%
1652 Exchange Street 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%

Real Estate investment in Okoboji, IA

There are 38 properties for sale in the city of Okoboji . The median list price in Okoboji is $265,000 and the average price per square foot is $224. In November 2025, the average monthly cash on cash return in Okoboji is 5.00%. The average monthly rental income in Okoboji is $2,180.

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

There are 38 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: -1.26%

Traditional cash on cash: -0.63%

Airbnb Rental Income: $2042

Traditional Rental Income: $3384

Airbnb ROI: -1.26%

Traditional ROI: -0.63%

1604 Nichols Avenue

Okoboji, IA

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

$950,000

Airbnb cash on cash: -0.22%

Traditional cash on cash: 0.92%

Airbnb Rental Income: $1696

Traditional Rental Income: $2234

Airbnb ROI: -0.22%

Traditional ROI: 0.92%

1800 Lakeshore Drive

Okoboji, IA

3 beds | 3 baths | 2,354 sq.ft.

$1,195,000

Airbnb cash on cash: -0.65%

Traditional cash on cash: 0.02%

Airbnb Rental Income: $1322

Traditional Rental Income: $1658

Airbnb ROI: -0.65%

Traditional ROI: 0.02%

1700 Country Club Drive 206

Okoboji, IA

1 beds | 1 baths | 594 sq.ft.

$159,900

Airbnb cash on cash: 1.57%

Traditional cash on cash: 6.18%

Airbnb Rental Income: $942

Traditional Rental Income: $1300

Airbnb ROI: 1.57%

Traditional ROI: 6.18%

1316 HWY 71 N 1

Okoboji, IA

2 beds | 1 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 | 1 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 | 2 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 | 2 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%