Okeechobee RV Resort Portfolio 3 Multifamily Properties in Multiple Locations

CBRE’s National MH & RV Specialty practice is pleased to present the Okeechobee RV Park Portfolio, a portfolio consisting of three quality resorts in the Okeechobee, FL area. The Okeechobee Lake is the 8th-largest freshwater lake in the U.S. and the largest in Florida, spanning ~730 square miles. Okeechobee is nationally renowned for Largemouth Bass fishing, drawing anglers, boaters, and outdoor enthusiasts from across the country year-round.
The portfolio consists of 213 full hookup RV sites with approximately 70% extended stay tenants, staying longer than six months. All three parks are on municipal water systems with Southern Sun & Lakeside Village being recently converted. Aruba is also on a wastewater treatment plant while Southern Sun and Lakeside are on private septic systems.
Aruba RV Resort is the most amenity-rich property in the portfolio, offering an extensive facility set tailored to an active 55+ senior community. The park stands out in the submarket with a full recreational lineup including an indoor spa, game room, and shuffleboard — amenities that drive resident satisfaction and long-term occupancy stability. The park is referenced by Okeechobee County’s official tourism site as featuring individual mini-piers per site providing direct lake access — a highly differentiated feature in the market. Storage and boat slips adding meaningful ancillary revenue streams.
Lakeside Village is located on the heavily trafficked US Highway 441 corridor in Okeechobee — the region’s primary north-south artery and the main approach route used by visiting RVers to access Lake Okeechobee from the north. This high-visibility, high-traffic location provides the park with consistent drive-by demand and strong name recognition within the market. As the portfolio’s only all-ages property, Lakeside Village serves a broader demographic than the portfolio’s senior parks, offering flexibility to capture transient traffic, seasonal visitors, families, and long-term residents in a single operating model. The park’s Okeechobee County location sits in the heart of the region’s commercial and service hub.
Southern Sun is situated on East State Road 78 in Glades County — one of the lakeside scenic corridors that traverses the southern edge of the Lake Okeechobee fishing district. The park is listed on TripAdvisor and appears in the park landscape as ‘Southern Sun RV Resort,’ indicating established name recognition in the market. As a 55+ community, Southern Sun shares its target demographic with Aruba RV Resort, benefiting from the same structural advantages: a stable, loyal resident base, predictable seasonal occupancy, and a market environment where the 55+ RV-using population continues to grow as Baby Boomers age into the segment. The park features a clubhouse, providing a community gathering space. The Lake Okeechobee Scenic Trail (109-mile trail atop the Herbert Hoover Dike), airboat tours, hunting, and ecotourism create diverse year-round visitor traffic. Okeechobee County actively promotes the area as a premier RV destination.