ACTIVEsingle familyvia mls

500 Bluebird Lane

Shell Knob, MO, 65747

4 bd2 ba1,800 sqftBuilt 1974

Listing courtesy of Mayhew Realty Group LLC · (417) 319-6955 · MLS# SOM60334738

List price

$274,900

$153/sqft

Listing description

Lake days, coffee on the deck, and room to stay awhile! This beautifully remodeled 4-bedroom, 2-bath home in Shell Knob, Missouri, puts you close to the Table Rock Lake lifestyle you've been looking for. Near Viola Curve and Fish and Fun, 500 Bluebird Lane sits on three lots totaling just over half an acre, with space to enjoy the outdoors and welcome family and friends.Ready to get out on the water? A 10-by-30 boat slip with a 10,000-pound lift is available for $90,000 extra, just a short golf cart ride from the home. Spend the day boating or fishing, then head back for a relaxed evening on your new composite deck.Inside, the fully remodeled main level feels warm, comfortable, and inviting. Knotty alder door trim and baseboards bring rich wood details throughout the main level, while the kitchen's nearby coffee bar gives your morning routine a spot of its own. Gather around the kitchen, settle into the cozy living room, or step outside with your coffee and ease into the day.The stone fireplace creates a beautiful focal point in the living room. It is currently nonfunctional due to a cracked flue and conveys as-is, with repair to be the buyer's responsibility.A new heat pump installed in 2025, a roof replaced in 2013, and selected Hardie board siding updates add practical improvements to the home's charm. Four bedrooms offer flexibility for overnight guests, a home office, or your own quiet retreat.Whether you're searching for a Table Rock Lake vacation home, a weekend getaway, or a full-time home in Shell Knob, this property offers a welcoming place to make it happen. Enjoy the character of a thoughtfully remodeled home, the outdoor space of three lots, and the option to keep your boat close by. Come see how comfortably lake life could fit!

Financial analysis

Adjust the assumptions to see live results. Defaults are Branson-area estimates and will be refined with local data.

Short-term rentals aren't permitted here, so this is underwritten as a long-term rental — monthly rent and vacancy instead of nightly rate and occupancy.

Monthly cash flow

-$97

Cap rate (all-in)

4.9%

Cash-on-cash

-1.0%

DSCR

0.93

Purchase price

Down payment %

Interest rate %

Renovation budget (est.)

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$23,272

Property tax($2,749)

Insurance($1,100)

Utilities($0)

HOA($0)

Management($1,862)

Maintenance reserve($1,164)

Total operating expenses($6,874)

Net operating income$16,398

Down payment$54,980

Renovation budget$63,000

Total cash invested$117,980

All-in cost$337,900

Loan amount$219,920

Monthly payment (P&I)$1,463.13

Annual debt service($17,558)

Annual cash flow-$1,159

This listing reads as a fixer, so we seeded a rough renovation budget to keep the cap rate honest — the low list price isn't a bargain if it needs work. It's only an estimate; replace it with a contractor bid to see your real return.

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Sydney Shepherd can confirm subdivision rules, HOA restrictions, and realistic revenue for this property.

Projections and scores are estimates for informational purposes only — not financial, investment, tax, or legal advice. Branson-area defaults are starting points; confirm local rules, rates, and revenue before making any decision.

The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than Keller Williams Tri-Lakes are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contains all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. © 2019 Southern Missouri Regional MLS, LLC. All rights reserved.