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Address is 242 Blue Lake Road Naples, ID 83847

Heidi Carson

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Beautiful RV Resort in North Idaho

RV Park/Campground for Sale in Naples, Idaho

242 Blue Lake Road
Naples, ID 83847

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Sale Price: $1,299,000

Contact Information

Heidi Carson

RV Park/Campground for Sale

Year Built: 2009
Number of RV Lots: 42
Average RV Lot Rent: 39
Size: 20 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 926454
Posted on: May 09, 2018
Updated on: Sep 24, 2018
Price: $1,299,000

Property Description

Note: Please do not call the Resort phone to make inquiries. You may email us if you have any questions.

Currently in process of splitting off ~2 acres with the modular home to add the option to purchase the 18 acre RV Resort only (with two 1-bedroom residences) for 1.1million.

This charming resort hosts 42 RV Sites of various hookups and has a natural 3-acre kettle lake that is over 100 feet deep. It also has 3 residential or visitor rental units and 4 camping cabins (a 5th is not finished yet). Guests also enjoy the new coin-op laundry machines and the family style bath house which has radiant floor heat and on demand hot water. Lots of other amenities and tools of the trade come with this resort.

The resort is currently owner-operated with employees and has great potential to be turn key. It has enjoyed steady revenue stream increases since its complete renovation back in 2009. Over 60% of it’s clientele are affluent Canadians who comes down to the U.S. to vacation and shop. The rest of the clientele are a mixture of US folks vacationing in N. Idaho for the beauty and waterfalls, or passing through on the way to Glacier National Park or the Banff area in Canada. There is also a growing regional clientele who camp regularly at the resort. In the past 3 years, the North Idaho area is booming with retirees moving to the area and staying at the park while building a house or buying property for months at a time. The property is zoned commercial 1/4 acre lots, making its potential limitless for the future. It currently hosts 42 RV Sites with a variety of full hookup, partial hookups, back-ins, big rig friendly pull throughs, and 5 premier sites that overlook the lake. All sites have firepits and picnic tables, with firewood for sale at the office. The RV Resort currently caters to the Boomer crowd, offering a nightly wine bar on the deck overlooking the lake, good wifi, lots of walking space, plenty of turtles and fish to enjoy while feeding them off the dock, a 1000 square foot fenced dog park and 3 acres of free run area for the dogs too. The lake warms up in the summer and is very refreshing. It is a great little lake for floating, swimming, fishing and bird & turtle watching.

The resort made a sizeable investment in 2017 adding a new rental cabin, 4 new sites, 3 Adirondack cabins (still finished the 3rd in 2018), and a variety of other capital improvements. For 2018, this business has already seen a revenue increase of over 20k as of September. The new cabin is currently rented and the new sites have done well! There is still lots of potential for growth and increased revenue in this beautiful resort. They have a Tee Pee rental that still needs a deck to finish. There is room for 3 more Adirondack cabins and one more camping cabin, and the resort is approved for 4 more full 1-bedroom cottage rentals. They have adding two 8x8 lake view decks to 5 of their pull-through sites with plans to add 3 more. A lot of growth going on at this one-of-a-kind RV Resort!

Transitioning work with the new owners is negotiable.

UPDATE: As 2018 summer is coming to an end, Blue Lake has established well over a 10% cap rate having increased gross revenues over 20% as of the end of September.

Location Description

Nestled on 20 acres in one of largest growing areas in the west, this beautiful resort is a year-around park that sits in North Idaho, 30 miles from the Canadian Border and is on the direct route of the famous International Selkirk Loop. It is 22 miles north of Sandpoint, Idaho, 8 miles south of Bonners Ferry, and a couple hours to Glacier National Park, or Banff Park in Canada. It is the only Idaho route into Canada.

There is an additional 10 acres
for sale, unrelated to the resort,
that is currently for sale. It is listed
at 299k. One would own the
entire lake with both purchases. Also, expansion possible on another piece just listed by someone else of 37 acres of farmland (owners retiring) for $299,900 and it has a year around creek, 2 ponds, and access to 2 roads that make it walkable or bikeable to Naples and thousands of more acres of recreational land for UTVs and bicycles that would become accessible from Blue Lake. (see picture of boundary lines).

Park Information

Year Built:2009
Size:20.0 acre(s)

RV Space Information

Number of RV Lots:42
Average RV Lot Rent: $39

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