The Real Deal Miami

Waterfront mobile home park goes for $3.3 million

Coastal Income Properties bought Zachary Taylor RV Park in Okeechobee
March 19, 2016 09:18AM

The Zachary Taylor RV Park in Okeechobee

The Zachary Taylor RV Park in Okeechobee

A waterfront rental community sold for $3.3 million in Okeechobee, the small town on the northern shore of the state’s biggest lake, Lake Okeechobee.

Coastal Income Properties bought the Zachary Taylor RV Park from a private seller, according to brokerage firm Capstone Manufactured Housing.

Kevan Enger and Deucie Bies of Capstone Manufactured Housing brokered the $3.3 million sale.

It was the fourth manufactured housing park sale that Capstone has brokered for the seller.

Zachary Taylor RV Park is a 55-plus community with “immediate rental upside, and a high percentage of permanent residents,” Capstone said in a press release.

It is located four miles from the site of a planned 200,000-square-foot retail center.