Prairie Wind Apartments is a distinctive 17-unit community that blends 10 traditional apartment living with 7 furnished, dorm-style rooms, giving ownership the flexibility to run long-term leases alongside short-stay income. The furnished rooms are well suited to short-term rental platforms like Airbnb, tapping into the steady flow of visitors drawn to the Okoboji lake region each season. Built right along Hwy 71 in Milford, Iowa, the property has a proven rental history and sits within easy reach of the lake region's recreational draw. It's a straightforward, fully occupied asset with room to grow into its market rents. Offered at $950,000. Offering Memorandum available upon request.
For sale
$950,000
2212 Okoboji Ave, Milford, IA 51351
1beds
10,882sqft
Multi Family
Built in 1947
-- sqft lot
$906,100 Zestimate®
$87/sqft
$-- HOA
What's special
- 3 days |
- 123 |
- 1 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Nic Madsen 712-540-6562,
Gateway Real Estate Advisors
Source: Northwest Iowa Regional BOR,MLS#: 834240
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Interior area
- Total structure area: 10,882
- Total interior livable area: 10,882 sqft
- Finished area below ground: 2,000
Property
Lot
- Size: 0.35 Acres
Details
- Parcel number: 1106151009
- Zoning: res
- Zoning description: res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1947
Community & HOA
Location
- Region: Milford
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $712,000
- Annual tax amount: $7,068
- Price range: $950K - $950K
- Date on market: 8/17/2026
- Total actual rent: 10954
- Tenant pays: Gas
Estimated market value
Zestimate®
$906,100
Estimated sales range
$861,000 - $951,000
Rent Zestimate®
$943/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Listed for sale | $950,000$87/sqft |
Source: | ||
| 8/14/2026 | Listing removed | $950,000$87/sqft |
Source: | ||
| 6/16/2026 | Price change | $950,000-13.6%$87/sqft |
Source: | ||
| 2/13/2026 | Listed for sale | $1,100,000-21.4%$101/sqft |
Source: | ||
| 2/5/2026 | Listing removed | $1,400,000$129/sqft |
Source: | ||
| 9/29/2025 | Price change | $1,400,000-12.5%$129/sqft |
Source: | ||
| 8/5/2025 | Listed for sale | $1,600,000+461.4%$147/sqft |
Source: | ||
| 8/5/2019 | Sold | $285,000-36.5%$26/sqft |
Source: Agent Provided Report a problem | ||
| 8/5/2019 | Listed for sale | $449,000$41/sqft |
Source: Remax Lakes Realty #18-1421 Report a problem | ||
| 6/11/2019 | Pending sale | $449,000$41/sqft |
Source: Remax Lakes Realty #18-1421 Report a problem | ||
| 2/26/2019 | Price change | $449,000-25%$41/sqft |
Source: RE/MAX LAKES REALTY #18-1421 Report a problem | ||
| 8/29/2018 | Listed for sale | $599,000+130.4%$55/sqft |
Source: Remax Lakes Realty #18-1421 Report a problem | ||
| 9/14/2007 | Sold | $260,000$24/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,068 +96.8% | $712,000 +37.2% |
| 2024 | $3,592 +11.3% | $519,000 +98.4% |
| 2023 | $3,226 -9.2% | $261,600 +32.9% |
| 2022 | $3,552 -0.3% | $196,800 -8.6% |
| 2021 | $3,562 -38.2% | $215,200 -0.1% |
| 2020 | $5,767 -42.5% | $215,500 |
| 2019 | $10,027 +6.5% | $215,500 -43.2% |
| 2018 | $9,413 +15.9% | $379,500 |
| 2017 | $8,124 +7.8% | $379,500 +1.5% |
| 2016 | $7,538 +3.1% | $373,800 |
| 2015 | $7,308 +52.2% | $373,800 +54.6% |
| 2014 | $4,802 -15.3% | $241,800 |
| 2013 | $5,668 -42.7% | $241,800 |
| 2005 | $9,900 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 51351
Nearby schools
GreatSchools rating
- 6/10Okoboji Elementary SchoolGrades: PK-4Distance: 1.1 mi
- 6/10Okoboji Middle SchoolGrades: 5-8Distance: 1.3 mi
- 5/10Okoboji High SchoolGrades: 9-12Distance: 1.1 mi
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Save - $10,700-- bd-- ba-- sqftN Ave, Milford, IA 51351Off Market
Save - $25,200-- bd1 ba-- sqftN Ave, Milford, IA 51351Off Market
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Save - $12,600-- bd-- ba-- sqftN Ave, Milford, IA 51351Off Market
Save - $12,600-- bd-- ba-- sqftN Ave, Milford, IA 51351Off Market
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