$1,200,000
SOLD MAR 20, 2026
Last list price

46 County Road 511 Wappapello, MO 63966

7 Beds
8 Baths
2,496 Sq Ft
9.4 Acres Lot

Sale Details

Date Sold: March 20, 2026

$481 Per Sq Ft

55 on Market

Highlights

  • Additional Residence on Property
  • Community Lake
  • Cathedral Ceiling
  • RV Access or Parking
  • Clubhouse
  • Wood Flooring

About This Home

As of March 2026

Turnkey investment near Lake Wappapello! This fully leased 39-site RV park includes a rustic lodge-style home, two 1-bedroom rental cabins, and an 8-stall boat storage garage (50'x28'). The RV park generates stable income from year-long leases; tenants pay their own electricity costs. The lodge features vaulted ceilings, a stone fireplace, and a walk-out level clubhouse with a kitchen, coin laundry, lounge, and two full baths. Two bedrooms offer private-porch access and en-suite baths for nightly rentals; a lofted third bedroom adds flexibility. Set in a quiet, wooded neighborhood, the park offers a peaceful atmosphere and a strong sense of community. Whether you're seeking a lake-area retreat, hospitality venture, or multi-use property with reliable revenue, this one blends natural beauty with business potential.

Last Agent to Sell the Property

Sarah Kubus

Century 21 American Realty License #2022033009 Listed on: 11/10/2025

Century 21 American Realty

Last Buyer's Agent

Sarah Kubus

Century 21 American Realty License #2022033009 Listed on: 11/10/2025

Century 21 American Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,321

Year Built

  • Built in 2009 | Remodeled

Lot Details

  • 9.4 Acre Lot
  • Property fronts a highway
  • Landscaped
  • Gentle Sloping Lot
  • Many Trees

Parking

  • 8 Car Garage
  • Parking Pad
  • Driveway
  • Secured Garage or Parking
  • Additional Parking
  • RV Access or Parking

Home Design

  • Rustic Architecture
  • Architectural Shingle Roof
  • Metal Siding
  • Metal Construction or Metal Frame
  • Cedar

Interior Spaces

  • 2-Story Property
  • Home Theater Equipment
  • Woodwork
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Log Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Tilt-In Windows
  • Window Screens
  • French Doors
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Efficiency Studio
  • Security System Owned

Kitchen

  • Country Kitchen
  • Breakfast Bar
  • Free-Standing Range
  • Ice Maker
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 8 Bathrooms
  • Easy To Use Faucet Levers
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Washer and Dryer

Basement

  • Walk-Out Basement
  • Finished Basement Bathroom

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Outdoor Features

  • Wrap Around Porch
  • Fire Pit
  • Outdoor Storage

Additional Homes

  • Additional Residence on Property
  • Residence on Property

Schools

  • Fisk Elem. Elementary And Middle School
  • Twin Rivers High School

Utilities

  • Forced Air Heating and Cooling System
  • Dual Heating Fuel
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Separate Meters
  • Single-Phase Power
  • 220 Volts
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for snow removal, taxes, trash
  • Assessor Parcel Number 02-05-15.0-001-000-004-000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units
  • Community Lake

Amenities

  • Clubhouse

Building Details

  • Manager's Unit
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,321

Year Built

Built in 2009 | Remodeled

Lot Details

9.4 Acres

Parking

8

Listing Details

  • Property Type: Residential Income
  • Cross Street: Mo. T
  • Year Built: 2009
  • Directions: From US-60E near Poplar Bluff, take MO-T north 9.5 miles. Turn right onto County Road 511, and then turn left into the RV park.
  • Property Sub-Type: 5 Family or More
  • ResoCommunityFeatures: Clubhouse, Lake
  • ResoLaundryFeatures: Laundry Room, Lower Level, Main Level, Multiple Locations
  • ResoLotFeatures: Gentle Sloping, Landscaped, Many Trees
  • Lot Size Acres: 9.4
  • Road Frontage Type: Highway
  • Road Surface Type: Asphalt
  • ResoSecurityFeatures: Closed Circuit Camera(s), Secured Garage/Parking, Security System Owned
  • Co List Office Phone: 573-785-2121
  • Outside Inclusions: Building,Business,Land
  • MLS Status: Closed
  • Subdivision Name: Lake Drive Subdivision
  • Above Grade Finished Sq Ft: 1454
  • Architectural Style: Rustic
  • Carport Y N: No
  • Reso Fireplace Features: Gas Log, Living Room, Propane
  • Unit Levels: Two
  • New Construction: No
  • ResoPropertyCondition: Updated/Remodeled
  • Reso Window Features: Double Pane Windows, Insulated Windows, Screens, Tilt-In Windows
  • Financial Info Electric: Single Phase, 220 Volts, Other
  • PreviousStatus: Active Under Contract
  • MIS_PoolYN: 0
  • MIS_UnitCount: 4
  • MIS_AuctionYN: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Bathroom, Concrete, Walk-Out Access
  • Interior Amenities: Beamed Ceilings, Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Country Kitchen, Custom Cabinetry, High Speed Internet, Kitchen/Dining Room Combo, Laminate Counters, Lever Faucets, Natural Woodwork, Pantry, Recessed Lighting, Walk-In Closet(s), Whirlpool
  • Appliances: Dishwasher, Disposal, Ice Maker, Free-Standing Range, Refrigerator, Washer/Dryer
  • Other Equipment: Home Theater, Other
  • Basement YN: Yes
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1042
  • Door Features: French Door(s)
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Linoleum

Exterior Features

  • Roof: Architectural Shingle
  • Waterfront: No
  • Disclosures: Flood Plain No, Some Equipment, Subject to Lease
  • Construction Type: Cedar, Metal Siding
  • Exterior Features: Entry Steps/Stairs, Fire Pit, RV Hookup, Storage
  • Foundation Details: Other
  • Other Structures: Additional Residence, Metal Building, Residence(s), RV/Boat Storage
  • Patio And Porch Features: Covered, Porch, Wrap Around

Garage/Parking

  • Garage Spaces: 8
  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: Additional Parking, Driveway, Parking Pad, RV Access/Parking

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment, Heat Pump, Separate Meters
  • Heating: Dual Fuel/Off Peak, Electric, Forced Air, Heat Pump, Propane
  • Utilities: Cable Available, Electricity Connected, Phone Connected, Propane Leased, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Fisk Elem.
  • Junior High Dist: Twin Rivers R-X
  • High School: Twin Rivers High
  • Middle Or Junior School: Fisk Elem.

Lot Info

  • Lot Size Sq Ft: 409464
  • Parcel Number: 02-05-15.0-001-000-004-000

Rental Info

  • Owner Pays: Snow Removal, Taxes, Trash

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2321

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2025
Closed on
Mar 20, 2026
Sold by
Shepard Gary and Shepard Sherry L
Bought by
Fishwater Investments Llc
Seller's Agent
Sarah Kubus
Century 21 American Realty
Buyer's Agent
Sarah Kubus
Century 21 American Realty
List Price
$1,200,000
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-96.06%
Original Mortgage
$935,000
Outstanding Balance
$934,089
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$278,346
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $935,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2026 03/20/26 Sold -- -- --
11/10/2025 11/10/25 For Sale $1,200,000 -- $481 / Sq Ft
Source: MARIS MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,429 $63,840 $0 $0
2024 $23 $60,170 $0 $0
2023 $2,320 $60,170 $0 $0
2022 $2,260 $58,680 $0 $0
2021 $2,259 $58,680 $0 $0
2020 $2,012 $50,710 $0 $0
2019 $2,059 $52,330 $0 $0
2018 $2,059 $52,330 $0 $0
2017 -- $52,330 $0 $0
2016 -- $52,330 $0 $0
2015 -- $52,330 $0 $0
2014 -- $49,770 $0 $0
2012 $2,051 $49,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS25075448

MARIS MLS

APN: 109-02-05-15-0-001-000-012-000

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