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7144 Twin Lakes Rd #1-2-3, Rockwell City, IA, 50579

5beds
4baths
--sqft
$999,999
--price/sqft
$8,522/moest. monthly cost
$340,880/yrincome needed

About This Home

Elite Lakeside Resort & 2.3-Acre Development Opportunity – Twin Lakes Experience the premier investment opportunity in Calhoun County. This 2.3-acre commercial parcel at Twin Lakes offers a rare combination of immediate, high-yield rental income and a massive, pre-approved development pipeline. Whether envisioned as a private family compound or a scalable luxury resort, the groundwork for success has already been laid. Income-Ready Assets & Proven Success • Turnkey Hospitality: Sale includes a business with a 5-star reputation and Airbnb Superhost status. • Three High-Performance Residences: • The 2 story Beach House (Built 2025): Modern design with a proven booking history. • The remodeled Original House: A staple of the property with consistent high occupancy. • The "Lovers Lodge" (Brand New- build will be completed mid April 2026): A high-end masterpiece designed for the "couples retreat" niche, featuring a private two person sauna, two-person jetted tub, romantic fireplace, and an oversized dual-head walk-in shower. Unmatched Scalability: 9 Additional Homes Pre-Approved Skip the years of red tape and engineering costs. This property is positioned for immediate expansion: • Zoning Secured: Officially approved by the Calhoun County Zoning Board for nine additional homes. • Transferable Approval: This rare zoning status is tied to the land and transfers directly to the new owner. • Engineering Included: Sale includes professionally paid, engineer-approved drawings for the entire 9-home expansion. Property already has two new duplex grinders setup to run entire 12 home property. Investment Highlights • Zoning: 2.3 Acres of Commercial Land—unmatched flexibility for lakeside business. • Ready for Growth: The foundation is set for a 12-home luxury resort on the water’s edge. Qualified inquiries may contact Jess at 712-210-3443 for financial records, engineering drawings, or to schedule a private walkthrough.

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 2026

Type & Style

  • Home type: MultiFamily

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Hail
Strong Wind
Tornado
Winter Weather
Cold Wave
Drought
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Iowa Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,056$60,672
Home Insurance *$2,421$29,052
Property Taxes $924$11,088
Electricity $121$1,452
Total$8,522$102,264
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$292,182/yr
40% on housing$255,660/yr
45% on housing$227,253/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 50579$245
Calhoun County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 50579
Calhoun County$33

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-08Listed for sale$1,300,000

For Sale by Owner

AgentProperty Owner

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