Listings

Property Description

Bowers Landing Lakefront presents a unique opportunity to acquire a four-parcel, lakefront manufactured housing community in Ocklawaha, Florida. Situated along East Highway 25, the property combines existing in-place cash flow with a clear, actionable value-add strategy, making it ideal for long-term holds or redevelopment. The property benefits from a self-contained utility setup with well and septic systems, supporting operational efficiency and reducing municipal reliance.

The community consists of 22 rental units (mobile homes, apartments, and a single-family residence), plus three additional vacant MH pads documented via affidavit, and two unused commercial buildings with potential for ancillary income or redevelopment. The site spans 7.0± acres with direct private lake access, and concrete/dirt boat ramps, creating multiple paths for optimization or expansion.

Current ownership is a single operator who has managed the property conservatively since 2022. As a result, the community operates with 40%+ vacancy, offering a significant lease-up and rent optimization opportunity. This under-management provides immediate upside for investors who bring professional management and capital allocation.

The property benefits from its location in the Ocala–The Villages growth corridor, one of Florida’s fastest-expanding regions driven by in-migration, logistics growth, and The Villages’ continued residential expansion. This dynamic setting creates robust demand for both affordable housing and RV sites.

 

Amenities
Investment Highlights

$2.5M Pricing | NOI: $82K In-Place → $205K Stabilized (8.2% Forward Cap)

Immediate NOI Upside– Lease-up of 3 vacant pads and under-utilized units.  

Optional Ancillary Income– Two commercial buildings (auto lift + F&B/storage) provide incremental cash flow potential.

Discount to Replacement Cost– Offered at ~$1M below estimated ~$3.5M+ replacement.

High-Growth Location– Ocala–The Villages corridor, one of Florida’s fastest-growing MHC/RV markets.

Bowers Landing Lakefront

Ocklawaha, Florida 32179

$2,500,000
Basic Details
Status : Available
Price : $2,500,000
Listing Type : Confidential
Mobile Home Sites : 22
Ownership : Fee Simple
Country : United States
State : Florida
Acres : 7
Listing Broker : Leisure Investment Properties Group
Listing Broker Name : Steven M Ekovich
Listing Broker License : FL BK3006962
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Advisor
Jose Villao
Leisure Investment Properties Group
17539 Darby Lane, Tampa, FL 33558
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