Real Estate Investment Properties for Sale in Spirit Lake, IA

Looking for investment property in Spirit Lake, IA with high ROI ?

Explore a variety of short-term homes & houses in Spirit Lake, IA. Invest wisely with VRBO & Spirit Lake, IA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Single Family Homes for Sale in Spirit Lake, IA

Search for Single Family Residential for Sale in Spirit Lake, Iowa. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 42 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
509 13th Street Spirit Lake, IA Welcome to Easy Living in the Heart of Spirit Lake! This nicely updated 4-bedroom, 3-bat...	4 beds \| 1 baths \| 3,128 sq.ft.	$410,000	Airbnb cash on cash: 2.89% Traditional cash on cash: 3.57% Airbnb Rental Income: $2443 Traditional Rental Income: $2108 Airbnb ROI: 2.89% Traditional ROI: 3.57%
24641 McClelland Drive Spirit Lake, IA Look at this cozy cabin on Big Spirit! 63' of lakefront and lots of natural sunlight that ...	3 beds \| 1 baths \| 1,236 sq.ft.	$590,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.54% Airbnb Rental Income: $1357 Traditional Rental Income: $2028 Airbnb ROI: -0.43% Traditional ROI: 1.54%
2403 Erie Avenue Spirit Lake, IA Move-in ready, charming remodeled ranch in Spirit Lake. Recently updated inside and out, t...	3 beds \| 1 baths \| 1,056 sq.ft.	$241,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 6.1% Airbnb Rental Income: $1357 Traditional Rental Income: $1854 Airbnb ROI: 2.09% Traditional ROI: 6.1%
1301 Hill Ave Spirit Lake, IA Cute & Well Kept all one level home on picturesque Hill Ave. in Spirit Lake. This home has...	2 beds \| N/A baths \| 1,820 sq.ft.	$215,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 7.37% Airbnb Rental Income: $785 Traditional Rental Income: $1915 Airbnb ROI: 0.25% Traditional ROI: 7.37%
25031 McClelland Drive Spirit Lake, IA Tucked peacefully along the shores of Big Spirit Lake, this charming property offers not j...	2 beds \| N/A baths \| 1,341 sq.ft.	$779,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 0.84% Airbnb Rental Income: $785 Traditional Rental Income: $1866 Airbnb ROI: -1.09% Traditional ROI: 0.84%
1806 Chicago Avenue Spirit Lake, IA Beautifully Renovated Home in the Heart of Spirit Lake! This classic 5-bedroom, 2-bath hom...	5 beds \| 2 baths \| 1,504 sq.ft.	$227,500	Airbnb cash on cash: 8.92% Traditional cash on cash: 8.22% Airbnb Rental Income: $2971 Traditional Rental Income: $2137 Airbnb ROI: 8.92% Traditional ROI: 8.22%
16884 255th Avenue Spirit Lake, IA This exceptional East Lake Okoboji home with four bedrooms, and three bathrooms faces Camp...	4 beds \| 1 baths \| 1,584 sq.ft.	$849,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 1.23% Airbnb Rental Income: $2443 Traditional Rental Income: $2366 Airbnb ROI: 0.57% Traditional ROI: 1.23%
1601 Gary Avenue Spirit Lake, IA Enjoy the perfect blend of comfort and convenience in this updated 3-bedroom, 2 - bathroom...	3 beds \| 1 baths \| 2,052 sq.ft.	$232,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 6.71% Airbnb Rental Income: $1357 Traditional Rental Income: $1918 Airbnb ROI: 2.28% Traditional ROI: 6.71%
408 Lake St Spirit Lake, IA YOU KNOW YOU'RE "AT THE LAKE" IN THIS UNIQUE HOME FOR ALL-SEASONS! YES! VIEWS OF LAKE AND ...	2 beds \| 1 baths \| 5,310 sq.ft.	$347,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 2.46% Airbnb Rental Income: $785 Traditional Rental Income: $1521 Airbnb ROI: -0.78% Traditional ROI: 2.46%
1911 Boston Avenue Spirit Lake, IA Those magical moments are calling you with this opportunity you won't want to miss. Situat...	3 beds \| 2 baths \| 1,504 sq.ft.	$305,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 5.82% Airbnb Rental Income: $1357 Traditional Rental Income: $2224 Airbnb ROI: 1.36% Traditional ROI: 5.82%
510 Lake Street Spirit Lake, IA Great opportunity for single family residence or continue the current use of a dual rental...	3 beds \| 2 baths \| 1,848 sq.ft.	$239,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 8.71% Airbnb Rental Income: $1357 Traditional Rental Income: $2456 Airbnb ROI: 2.03% Traditional ROI: 8.71%
2207 Francis Sites Dr. Spirit Lake, IA "Cozy 5-Bedroom, 3-Bath Home on East Lake Okoboji! Enjoy 50 feet of stunning lakefront wit...	5 beds \| 2 baths \| 2,364 sq.ft.	$995,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 0.93% Airbnb Rental Income: $2971 Traditional Rental Income: $2595 Airbnb ROI: 0.6% Traditional ROI: 0.93%
1405 38th Street Spirit Lake, IA 4 Minute drive from parking your boat at Parks Marina! Welcome to the ease and convenienc...	3 beds \| 1 baths \| 1,714 sq.ft.	$409,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 4.2% Airbnb Rental Income: $1357 Traditional Rental Income: $2088 Airbnb ROI: 1.21% Traditional ROI: 4.2%
710 Ithaca Avenue Spirit Lake, IA EAST LAKE ACCESS!! Charming 4 bed 2 bath home with an extra non conforming bedroom. Use th...	4 beds \| 1 baths \| 2,544 sq.ft.	$374,999	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.44% Airbnb Rental Income: $2443 Traditional Rental Income: $1934 Airbnb ROI: 3.19% Traditional ROI: 3.44%
15365 212th Avenue Spirit Lake, IA Just completed in time for spring, this 3800 square foot walkout ranch on West Lake Okoboj...	4 beds \| 3 baths \| 3,840 sq.ft.	$2,890,000	Airbnb cash on cash: -0.71% Traditional cash on cash: -0.21% Airbnb Rental Income: $2443 Traditional Rental Income: $3182 Airbnb ROI: -0.71% Traditional ROI: -0.21%
16100 HWY 86 Spirit Lake, IA Welcome to your dream retreat! This exceptional property features 3,921 sq ft of luxurious...	4 beds \| 3 baths \| 3,921 sq.ft.	$4,500,000	Airbnb cash on cash: -1.23% Traditional cash on cash: -0.95% Airbnb Rental Income: $2443 Traditional Rental Income: $3050 Airbnb ROI: -1.23% Traditional ROI: -0.95%
407 8th Street Spirit Lake, IA Elbow Room! Check this 4 bedroom plus an office 3 bath home siting on Peppermint Point on ...	4 beds \| 1 baths \| 3,640 sq.ft.	$1,190,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 0.07% Airbnb Rental Income: $2443 Traditional Rental Income: $2258 Airbnb ROI: -0.3% Traditional ROI: 0.07%
504 9th St Spirit Lake, IA Sand Beach on East Okoboji? RARE...But this solidly built raised ranch home has 78' of san...	3 beds \| 1 baths \| 2,443 sq.ft.	$750,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 0.52% Airbnb Rental Income: $1357 Traditional Rental Income: $1910 Airbnb ROI: -0.87% Traditional ROI: 0.52%
15211 Lakeview Drive Spirit Lake, IA Prepare to be captivated by some of the most stunning views on West Lake Okoboji from this...	4 beds \| 2 baths \| 2,608 sq.ft.	$998,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 1.34% Airbnb Rental Income: $2443 Traditional Rental Income: $2794 Airbnb ROI: 0.32% Traditional ROI: 1.34%
10999 240th Avenue Spirit Lake, IA An in-town acreage with spectacular scenery! This picturesque home sits on 1.91 acres over...	4 beds \| 3 baths \| 3,170 sq.ft.	$785,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 2.78% Airbnb Rental Income: $2443 Traditional Rental Income: $3241 Airbnb ROI: 0.88% Traditional ROI: 2.78%
16933 256TH Avenue Spirit Lake, IA One of the most breathtaking properties on East Lake Okoboji! This home sits on 140 feet o...	5 beds \| 4 baths \| 5,180 sq.ft.	$2,200,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 0.2% Airbnb Rental Income: $2971 Traditional Rental Income: $4122 Airbnb ROI: -0.7% Traditional ROI: 0.2%
25310 140th St. Spirit Lake, IA Character and Potential â You will Love to make this Home Yours! This 3 bedroom, 2 bath ...	3 beds \| 1 baths \| 2,404 sq.ft.	$325,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 4.75% Airbnb Rental Income: $1357 Traditional Rental Income: $1980 Airbnb ROI: 1.36% Traditional ROI: 4.75%
25807 169th Street Spirit Lake, IA A rare find in the sought-after Arthur Heights neighborhood! This 4+ bedroom, 3.5 bath si...	5 beds \| 2 baths \| 3,372 sq.ft.	$677,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 2.99% Airbnb Rental Income: $2971 Traditional Rental Income: $3034 Airbnb ROI: 1.81% Traditional ROI: 2.99%
1605 Erie Spirit Lake, IA Welcome to 1605 Erie Ave in Spirit Lake, IAâa delightful 3-bedroom, 2-bathroom home that...	3 beds \| 2 baths \| 1,676 sq.ft.	$265,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 8.08% Airbnb Rental Income: $1357 Traditional Rental Income: $2519 Airbnb ROI: 1.77% Traditional ROI: 8.08%
25704 164th Street Spirit Lake, IA Charming 2 bedroom, 2 bathroom home sitting on two lots totaling over a quarter acre. Comp...	2 beds \| 2 baths \| 1,310 sq.ft.	$295,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 6.28% Airbnb Rental Income: $785 Traditional Rental Income: $2185 Airbnb ROI: 0.09% Traditional ROI: 6.28%
16822 255th Avenue Spirit Lake, IA "SHORE FIND!!!" Here is a chance to own a very generous amount of prime lakeshore on East ...	2 beds \| 1 baths \| 1,895 sq.ft.	$1,199,000	Airbnb cash on cash: -1.31% Traditional cash on cash: -0.17% Airbnb Rental Income: $785 Traditional Rental Income: $1732 Airbnb ROI: -1.31% Traditional ROI: -0.17%
15667 250th Avenue Spirit Lake, IA Welcome to your lakefront retreat on East Okoboji! This 4-bedroom, 3-bathroom home is desi...	4 beds \| 1 baths \| 3,164 sq.ft.	$894,500	Airbnb cash on cash: 0.46% Traditional cash on cash: 0.79% Airbnb Rental Income: $2443 Traditional Rental Income: $2119 Airbnb ROI: 0.46% Traditional ROI: 0.79%
2814 Center Lake Drive Spirit Lake, IA Welcome to 2814 Center Lake Drive in Spirit Lake! This year-round 4-bedroom, 3-bathroom ho...	4 beds \| 1 baths \| 1,948 sq.ft.	$549,900	Airbnb cash on cash: 1.65% Traditional cash on cash: 1.78% Airbnb Rental Income: $2443 Traditional Rental Income: $1915 Airbnb ROI: 1.65% Traditional ROI: 1.78%
4035 Sunner Avenue Spirit Lake, IA The location and space that this property offers is unparalleled! Just steps from the YMC...	3 beds \| N/A baths \| 624 sq.ft.	$515,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 1.62% Airbnb Rental Income: $1357 Traditional Rental Income: $1649 Airbnb ROI: 0.15% Traditional ROI: 1.62%

Your search for investment property begins and ends here

Single Family Homes for Sale in Spirit Lake, IA

509 13th Street

Spirit Lake, IA

4 beds | 1 baths | 3,128 sq.ft.

$410,000

Airbnb cash on cash: 2.89%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $2443

Traditional Rental Income: $2108

Airbnb ROI: 2.89%

Traditional ROI: 3.57%

24641 McClelland Drive

Spirit Lake, IA

3 beds | 1 baths | 1,236 sq.ft.

$590,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 1.54%

Airbnb Rental Income: $1357

Traditional Rental Income: $2028

Airbnb ROI: -0.43%

Traditional ROI: 1.54%

2403 Erie Avenue

Spirit Lake, IA

3 beds | 1 baths | 1,056 sq.ft.

$241,000

Airbnb cash on cash: 2.09%

Traditional cash on cash: 6.1%

Airbnb Rental Income: $1357

Traditional Rental Income: $1854

Airbnb ROI: 2.09%

Traditional ROI: 6.1%

1301 Hill Ave

Spirit Lake, IA

2 beds | N/A baths | 1,820 sq.ft.

$215,000

Airbnb cash on cash: 0.25%

Traditional cash on cash: 7.37%

Airbnb Rental Income: $785

Traditional Rental Income: $1915

Airbnb ROI: 0.25%

Traditional ROI: 7.37%

25031 McClelland Drive

Spirit Lake, IA

2 beds | N/A baths | 1,341 sq.ft.

$779,000

Airbnb cash on cash: -1.09%

Traditional cash on cash: 0.84%

Airbnb Rental Income: $785

Traditional Rental Income: $1866

Airbnb ROI: -1.09%

Traditional ROI: 0.84%

1806 Chicago Avenue

Spirit Lake, IA

5 beds | 2 baths | 1,504 sq.ft.

$227,500

Airbnb cash on cash: 8.92%

Traditional cash on cash: 8.22%

Airbnb Rental Income: $2971

Traditional Rental Income: $2137

Airbnb ROI: 8.92%

Traditional ROI: 8.22%

16884 255th Avenue

Spirit Lake, IA

4 beds | 1 baths | 1,584 sq.ft.

$849,900

Airbnb cash on cash: 0.57%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $2443

Traditional Rental Income: $2366

Airbnb ROI: 0.57%

Traditional ROI: 1.23%

1601 Gary Avenue

Spirit Lake, IA

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

$232,900

Airbnb cash on cash: 2.28%

Traditional cash on cash: 6.71%

Airbnb Rental Income: $1357

Traditional Rental Income: $1918

Airbnb ROI: 2.28%