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ACTIVEcondovia mls

346 Terrace Crest Lane, Unit 1

Reeds Spring, MO, 65737

2 bd1 ba430 sqftBuilt 1953

Listing courtesy of Keller Williams Tri-Lakes · (417) 336-4999 · MLS# SOM60325746

List price

$199,500

20% price cut$250,000

$464/sqft

Listing description
Late summer sunsets & brilliant fall color are calling from 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 rest, reconnect & make memories on the water. Formerly part of the cherished Crest Lodge, this iconic property has been transformed into individually owned lakefront residences while preserving the nostalgic charm guests returned to enjoy year after year. Spend warm afternoons swimming, kayaking, fishing or strolling the shoreline, then welcome cooler evenings from beneath the trees as gentle waves lap the shore. As autumn settles over the Ozarks, enjoy peaceful mornings, colorful lake views, quiet coves & some of the season's best fishing. Whether you're seeking a personal retreat or an income-producing opportunity, owners may enjoy their cottage privately or continue the tradition through nightly rentals. Community amenities include a lakeside swimming pool, playground, shoreline access, lawn care & low HOA dues designed to keep your time focused on lake life. This cozy two-bedroom, one-bath cottage offers everything you need, including a spacious kitchen-to-dining area & sliding glass doors opening to the grilling deck--the perfect gathering spot after a day on the lake. Sold turn-key for immediate enjoyment! Complete your lake package with an optional 10x24 boat slip available 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 & unforgettable sunset cruises. From the last warm days of summer through the peaceful beauty of fall, continue a cherished Table Rock Lake tradition 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

-$256

Cap rate

4.8%

Cash-on-cash

-7.7%

DSCR

0.76

Est. annual revenue$32,412
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($6,482)
Maintenance reserve($1,621)
Cleaning($5,256)
Lodging / tourism tax($1,296)
Total operating expenses($22,748)
Net operating income$9,664
Down payment$39,900
Loan amount$159,600
Monthly payment (P&I)$1,061.82
Annual debt service($12,742)
Annual cash flow-$3,078
Break-even occupancy56.3%

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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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