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Address is 366 Paradise Island Drive Defuniak Springs, FL 32433

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Sunset King RV Resort

RV Park/Campground for Sale in Defuniak Springs, Florida

366 Paradise Island Drive
Defuniak Springs, FL 32433

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RV Park/Campground for Sale

Number of RV Lots: 231
Size: 16.4 acre(s)
Cap Rate: 6.7%
Status: Off Market
Property ID: 378867
Posted on: Jun 18, 2013
Updated on: May 08, 2014

Property Description

Rare opportunity to acquire an attractive, well maintained Lakefront RV Resort located just minutes just 17 miles north of the Emerald Coast and the Gulf of Mexico Beaches Sunset King Lake Resort includes 220 Sites and an added 13
Rental Units to include; 7 Park Models and 6 Rustic Cabins The park has 62 permanent residents living in relatively new tenant owned Park Models, guaranteeing approximately $300,000 in yearly gross revenues. Additionally,
five park cabins are rented year round, generating $54,900 in yearly income. The Resort offers an outstanding amenities package including a clubhouse with a laundry facilities, bathhouses, game room, swimming pool, and hot tub, fenced playground, mini golf, both volley ball and basketball courts, general store, restaurant, boat rentals, boat docks and a boat ramp. The Resort was completely renovated approximately 15 years ago with all new infrastructures to include septic systems and city water lines. Additionally, the asphalt roads were reconditioned 6 years ago.

Location Description

Sunset King Lake Resort is just 17 miles north of Florida's Emerald Coast which offers 24 miles of pristine white-sand beaches stretching along the Gulf of Mexico. This sand, made up of pure Appalachian quartz, remains remarkably cool even in the heat of summer, and gives the waters here their trademark emerald-green color by reflecting sunlight back up through the surf. The Resort is in close proximity to the major thoroughfare, interstate I-10, the major east-west artery connecting the South East states from Florida to Texas.
The resort is situated on 16.5 Acres and a 600 Acre Lake, with boat docks and ramps. The Lake offers some of the best bass fishing in the area. The current bass record stands at a whopping 17 ┬Ż lbs. Additionally, experience the best salt water fishing that Florida has to offer in the warm waters of the Emerald Coast. Sailfish, marlin, wahoo and many more await offshore fishermen in the deep blue waters of the Gulf, while inshore fishermen cast after cobia, bluefish, tarpon and mackerel.

Park Information

Size:16.4 acre(s)

Financial Information (Actual)

Gross Income$678,035
Operating Expense$295,747
Net Operating Income$382,289
Expense Ratio 43.6%
Debt Info

RV Space Information

Number of RV Lots:231

Amenities and Other

Pool: Yes
Club House: Yes
Boat Access: Yes
Manager Office: Yes
Bathhouse: Yes
Store: Yes
Wifi: Yes
Fitness Center: Yes