7007 Marina Dr, Kingston, OK 73439 For Sale

Marina del Rey is a premier, income-producing marina situated on the scenic shores of Lake Texoma in Kingston, Oklahoma. Spanning 183.7 total acres—93.7 acres currently improved and operating—the property offers a rare opportunity to acquire a stabilized asset with tremendous upside through future phased development.

The marina features 196 covered wet slips, 69 dry storage units, RV camping sites, 12 cabins, a ship store, a restaurant, fuel docks, and an entertainment pavilion. Income is diversified across marina operations, boat rentals, fuel, lodging, food & beverage, and retail—generating over $4.5M in potential gross revenue with strong historical performance.

The site benefits from a long-term ground lease with the U.S. Army Corps of Engineers through December 2036, with a 25-year renewal option available, positioning this as a long-hold trophy investment.

With 90+ acres of underutilized leasehold area and recent momentum from major regional developments like the $6B Preston Harbor and $2B Pointe Vista projects, this offering represents a compelling blend of cash flow, scale, and strategic land play.

The property is in need of reinvestment due to storm damage from a tornado on March 21, 2022, followed by recent flooding. Despite this, the site offers exceptional upside for an investor/operator ready to reposition a one-of-a-kind waterfront asset.