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ACTIVEsingle familyvia mls

226 Ledgestone Road

Shell Knob, MO, 65747

4 bd3 ba2,723 sqftBuilt 1969

Listing courtesy of Keller Williams · (417) 883-4900 · MLS# SOM60327280

List price

$775,000

$285/sqft

Listing description
Located just minutes from the heart of Shell Knob yet offering unmatched privacy, this property combines expansive lake frontage, usable land, and direct lake access in a way that is increasingly difficult to find.634 feet of walk-down shoreline on Table Rock Lake, 6.2 acres, a private dock also available that is nearly impossible to recreate, and a five-car garage for boats and lake storage.Opportunities like this are extremely limited--properties like this are often held by the same family for generations.With a private dock already in place, you're stepping into one of the most valuable and hard-to-secure features on Table Rock Lake. The private dock has 2-slips with lifts, plus dual jet ski lifts, an oversized swim platform, and wide walkways--making lake days effortless. Dock available for $199,900 with home purchase.The land is where this property truly stands apart. Gentle walk-down access, approximately 2 cleared acres and 4 wooded, and multiple potential building sites gives this land the flexibility to create a true legacy lakefront estate.With Corps land in front, there is potential to further enhance your lake views through selective clearing, adding even more value to an already exceptional setting.The existing home offers 2,700+ square feet with two primary suites, additional bedrooms, and panoramic lake-view decks--ready to enjoy, update, or serve as the foundation for you to envision your future. The property has been updated over the years with the last major renovation in 2016. The home is being offered furnished, allowing for immediate use from day one.A rare bonus, the 40x30 shop with extended 40x10 tandem space below provides true five-car capacity--ideal for boats, jet skis, and everything that comes with lake living.This is the kind of property families hold onto for decades--and once you see it, you'll understand why.
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

-$3,342

Cap rate

1.2%

Cash-on-cash

-25.9%

DSCR

0.19

Est. annual revenue$23,272
Property tax($7,750)
Insurance($3,100)
Utilities($0)
HOA($0)
Management($1,862)
Maintenance reserve($1,164)
Total operating expenses($13,875)
Net operating income$9,397
Down payment$155,000
Loan amount$620,000
Monthly payment (P&I)$4,124.88
Annual debt service($49,499)
Annual cash flow-$40,102

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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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