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Rare opportunities like this do not come around often. Located directly across from Elk River in Noel, MO, this incredible 62 +/- acre property is packed with potential, charm, and endless income-producing possibilities. Whether you've dreamed of owning a vacation rental business, canoe rental operation, family retreat, campground, or investment property, this one checks every box. The property features two homes, two charming cabins, and even a cave, all surrounded by breathtaking woods, rolling bluffs, and the kind of natural beauty people travel for. The main home offers 2 bedrooms, 2 bathrooms, tons of character throughout, and an attached 2-car garage. Just off the garage, you'll find a peaceful sitting area perfect for enjoying the sounds of nature and relaxing after a day on the river. The two adorable cabins and two houses create incredible opportunity for Airbnb or short-term rental income, making this property ideal for investors or entrepreneurs looking to tap into the thriving Elk River tourism area. With highway visibility, direct access to outdoor recreation nearby, and a location people actively search for year-round, the possibilities here are truly endless. Properties with this much land, multiple dwellings, unique features, and prime river-area location are incredibly hard to find. This is more than just real estate it's a chance to create something unforgettable.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1974
  • 62.0 Acre Lot
  • Waterfront
  • 165 days on Market

  • Bedrooms
    2
  • Bathrooms
    2
  • Year Built
    1974
  • Stories
    1.0
  • Construction Materials
    Frame
  • Foundation
    Block
  • Living Area
    1556.0
  • Flooring
    Tile, Wood
  • Cooling
    Central Air
  • Heating
    Propane, Central

  • Acres
    62.0
  • Water Front Features
    River Front
  • Water Front
    Yes
  • View
    Water
  • Utilities
    Propane
  • Water
    Public

  • County
    McDonald
  • City
    Noel
  • Neighborhood
    Noel
  • Zip Code
    64854
  • High School
    McDonald County
  • Middle School
    Noel
  • Elementary School
    Noel

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Frequently Asked Questions

How do I schedule a tour of ?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to .

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about ?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 2 bath, listed for $729,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Noel, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for ?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for at around $4,042. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy ?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in McDonald County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for ?

In most cases, yes. Whether is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Noel's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on ?

We can handle that for you. Our preferred local agent specializes in residential incomes in Noel and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $729,000 with 1,556 sqft of space—that comes out to approximately $469 per square foot.

How long has this property been on the market?

was listed on May 27, 2026, which means it's been on the market for 165 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1974, making it approximately 52 years old.

What is the lot size of this property?

sits on a 62.0-acre lot, which is 2,700,720 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Noel
  • Middle: Noel
  • High: McDonald County

Want to see how these schools compare? Check out our McDonald County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for ?

The most recent public record shows annual property taxes for were approximately $1,067. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of Southern Missouri Regional MLS. Real estate listings held by Brokerage firms other than ReeceNichols Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is deemed reliable but not guaranteed, and all information should be verified by the consumer. Any representation that a website contains all listings shall only mean that the website contain all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. Information deemed reliable but not guaranteed. Copyright © 2026 Southern Missouri Regional MLS. All Rights Reserved.