Lakeside Terrace — Altus, OK
518 Lakeside Drive, Altus, OK 73521
4 BD · 3 BA · 2,954 sq ft · Built 1972
The details
About this home
INVESTOR SPECIAL ON LAKESIDE — AS-IS SALE WITH SERIOUS UPSIDE! Opportunities like this don't come along often in Altus. Sitting on Lakeside Drive with an in-ground pool and a backyard overlooking the lake, this home offers the bones, location, size, and upside investors look for — without paying finished-retail pricing. The property is being sold strictly AS-IS and is ready for the next owner to complete the transformation. A recent appraisal indicates an estimated AFTER-REPAIR VALUE (ARV) of approximately $310,000, giving an investor the opportunity to step into a substantial value-add project with the heavy lifting already identified. The home offers a large living space with a spacious existing floor plan, fireplace, attached garage, in-ground swimming pool, and a backyard setting overlooking the lake. The size and layout provide excellent potential for a modern renovation designed around today's buyer. LOCATION MATTERS. You're minutes from Altus Air Force Base, with convenient access to shopping, schools, restaurants, and the rest of Altus while still getting something that's difficult to reproduce — a pool and lake setting. This is NOT a turnkey retail home, and it isn't being priced or represented as one. Bring your contractor, bring your vision, and finish it your way. Whether you're looking for your next flip, a value-add investment, or a property you can renovate for yourself, 518 Lakeside gives you something you can't manufacture later: LOCATION, SIZE, SETTING, AND UPSIDE. Serious buyers only. Property is being sold AS-IS. Schedule your showing, walk the property, run your numbers, and make your offer.
Price history
History from MLS records since this home was listed.
Monthly cost
— / month
Principal, interest, taxes, insurance, and HOA.
- Principal & interest
- —
- Property taxes
- —
- Home insurance
- —
- HOA
- —
Planning estimate, not a quote. Rate and insurance are editable assumptions. Taxes can change after purchase; confirm HOA dues and their frequency. Mortgage insurance, closing costs, and maintenance are not included.
Recently sold nearby
Sold
Sold
Sold
Sold
Sold
Sold
Listing provided courtesy of Ryan Dunning, MK Partners Inc ((405) 310-9321). Status: Active.
Listings courtesy of MLSOK as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Sep 23, 2026, 12:28 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS, as established by the applicable MLS Governing Documents.
The listing information provided here is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use or search of this data other than by a consumer looking to purchase real estate is prohibited.
Data last updated Sep 23, 2026, 12:28 PM CT. MLS # 1250491. Homestead & Co is a licensed Oklahoma real estate brokerage.
Speak to an agent
We got your message
An agent will reach out shortly. Prefer to talk now? Call or text (405) 509-0541.
You’re all set
Five quick questions
So the agent who helps you already knows where you are. Every one is optional — skip anything you’d rather not say yet.