ACCEPTED OFFER, PENDING ON OBTAINING ALL SIGNATURES. Located in the highly sought-after Melton Peninsula, this property presents an outstanding opportunity to create the lake home you've always envisioned. The home has already been taken down to the studs, with the old drywall and insulation removed, providing a clean slate for your renovation and saving you the time and expense of demolition. Situated just one tier back from the waterfront, the property offers beautiful lake views and is tucked away on a quiet dead-end road, creating a peaceful setting to enjoy lake life. Whether you choose to renovate within the existing footprint for a charming lake cabin or capitalize on the solid block foundation and build upward to maximize the views, the possibilities are endless. Just 3 to 5 minutes from Cape Fair Marina, you'll have quick access to boating, fishing, swimming, and everything Table Rock Lake has to offer. The private well is approximately 15 years old, and a brand-new septic tank was installed in July 2026, giving buyers a valuable head start on the renovation. Properties in this location are becoming increasingly difficult to find. Don't miss this chance to transform this property into your own lake retreat or investment opportunity. Schedule your showing today before this opportunity slips away!oppurtunity.
Single-familyProperty Type
1962Year Built
0.63 acresLot Size
$185Price/Sq.Ft.
Listed by Sandy Cope• Southern Missouri Real Estate, LLC
Raw Mls Property Sub Type: Single Family Residence
Lot Information
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Road Frontage Type: Private Road
Lot Size Dimensions: .28
Lot Size Acres: 0.63
Financial
Tax Information
Tax Annual Amount: $467.62
Utilities
Utility Information
Water Source: Private
Sewer: Septic Tank
Location
Schools Information
Elementary School: Reeds Spring
Middle Or Junior School: Reeds Spring
High School: Reeds Spring
Location Information
Directions: from Cape Fair take Shadrack road approx 1 mile to left on Meltons Penninsula road. stay straight (left) at the ''y'' home will be on the left
Subdivision Name: Not in List: Stone
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.63 acres
Style: Other
Year Built: 1962
Year Renovated: —
County: Stone County
APN: 10-2.0-09-001-003-022.000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Reeds Spring Elementary School
Public 2-4 • Assigned • 7.6mi
8/10
Reeds Spring Middle School
Public 7-8 • Assigned • 8.0mi
3/10
Reeds Spring High School
Public 9-12 • Assigned • 8.0mi
5/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Cape Fair, MO • 65624
Average low and high temperatures (°F)
43
25
54
31
70
45
72
52
76
56
85
68
90
72
89
68
82
62
76
54
62
43
53
34
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$145,000 – $175,000
Sell confidently with a local market expert in Cape Fair.