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ACTIVEcondovia mls

346 Terrace Crest Lane, Unit 4

Reeds Spring, MO, 65737

2 bd1 ba417 sqftBuilt 1953

Listing courtesy of Keller Williams Tri-Lakes · (417) 336-4999 · MLS# SOM60325722

List price

$199,500

20% price cut$250,000

$478/sqft

Listing description
Savor the golden days of late summer & the crisp, colorful beauty of fall at Royalty Shores! Own a rare slice of one of Table Rock Lake's most beloved waterfront traditions--a thoughtfully reimagined lakefront retreat where generations have gathered to slow down, reconnect & create unforgettable memories on the water. Formerly part of the cherished Crest Lodge, this iconic property has been transformed into individually owned lake cottages while preserving the nostalgic charm that brought guests back year after year. Spend warm afternoons swimming, kayaking, fishing or strolling the shoreline, then settle in beneath the trees as cool lake breezes & brilliant Ozarks sunsets welcome the evening. As fall arrives, enjoy peaceful mornings, changing leaves, quiet coves & some of the lake's best fishing. Whether you're seeking a private getaway or an income-producing opportunity, owners may enjoy their cottage personally or continue the tradition through nightly rentals. Community amenities include a lakeside swimming pool, playground, shoreline access, lawn care & low HOA dues--keeping your time focused on lake life. This cozy two-bedroom, one-bath cottage offers an open kitchen-to-dining layout, comfortable gathering spaces & sliding glass doors leading to a grilling deck--perfect for unwinding after a day on the water. Sold turn-key for immediate enjoyment! Complete your lake package with an optional 10x24 boat slip located just below the cottage (add $65k). Slips are for owner use only. By land, you're just minutes from shopping, dining, boutiques, Branson & the Mark Twain National Forest. By water, enjoy easy access to marinas, boat-up restaurants, hidden coves & sunset cruises. Summer may be winding down, but lake season never truly ends at Royalty Shores!
Financial analysis

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

Monthly cash flow

-$505

Cap rate

3.4%

Cash-on-cash

-15.2%

DSCR

0.52

Est. annual revenue$28,207
Stays / year58
Property tax($1,995)
Insurance($998)
Utilities($2,700)
Electricity($120)
Waterin HOA dues
Sewer($20)
Trash($25)
Internet / cable($60)
HOA($2,400)
Management($5,641)
Maintenance reserve($1,410)
Cleaning($5,256)
Lodging / tourism tax($1,128)
Total operating expenses($21,529)
Net operating income$6,679
Down payment$39,900
Loan amount$159,600
Monthly payment (P&I)$1,061.82
Annual debt service($12,742)
Annual cash flow-$6,063
Break-even occupancy67.7%

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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.

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