ERA Doty Commercial is pleased to present this rare opportunity to purchase one of the premier resorts on Lake Norfork and the North Central Arkansas Ozarks. Kellers Cove Cabin and RV Resort located in Elizabeth, AR has been around for decades with a rich tradition and has been completely renovated. It is now available as a turn-key resort beginning a new chapter in its 70+ year history. This property is being offered to qualified Buyers at $2,100,000.
Kellers Cove Resort is located on 10+ wooded acres overlooking beautiful Lake Norfork featuring new amenities, renovated cabins and new features providing a new owner the ability to step in and immediately build on its legacy.
The property features 4 renovated cabins with full kitchens, a private 8-slip boat dock, oversized, updated swimming pool with a new bathhouse and attached guest pavilion/outdoor kitchen. The RV park has been expanded to 13 sites featuring 9 NEW spaces with adjacent land for more spaces. In addition, the owners have added a NEW laundry facility and updated well house, NEW camp store, beautiful NEW owner-occupied residence completed in 2023 now with a new Hot tub and enclosure. Also, the owners have built a NEW on-site covered boat storage area with multiple units which are already booked full. The residence can be used as an owner-residence or can be an excellent source of additional income as a lodge rental unit. As part of the turn-key offering, all FF&E as well as all supplies will be included in the sale with the exception of personal items/tools the owner wants to keep.
The park has also updated all phases of the resort infrastructure including (2) 1,200 Gallon septic systems, 5G internet, RV Sites with Full Hook-Up, boat trailer storage, greenhouse and a work/repair shop.
Rental Units and Amenities:
Cabin 1 (Fish)- 672 Sq ft
Cabin 2 (Duck)- 384 Sq ft
Cabin 8 (Bear)- 1,976 Sq ft
Cabin 7(Moose)- 1,216 Sq ft
Other Amenities/Improvements
Owners Residence- 2,904 Sq ft
Camp Store- 540 Sq ft
Boat dock- 8 slips and 7-year lease remaining with Corp of Engineers
RV spaces- 13
Well House
Boat Storage
Shop
Pool/Cabana/Bath house
Propane Tank for selling propane
The current owners will provide mutually agreed upon assistance needed to assure a smooth transition for any potential buyers. Sellers will require a Post-Closing possession period for the residence. 2024 P&L information available.
1Q 2025 has a Year Over Year (YOY) gross income increase of 38% over 1Q 2024.
ERA Doty Real Estate
Bill Caller CCIM
Commercial Specialist
1357 Hwy 62 W
Mountain Home, AR 72653
(870) 425-6282
(901) 262-3440
bill.caller@eradotyrealestate.com
