Residential Land for Sale in Monkey Island, Oklahoma

Rare Water-View Lot on Monkey Island - STR Friendly, No HOA Don't miss this rare opportunity to own the last remaining vacant water-view lot in the highly desirable Deer Valley neighborhood on Monkey Island. Located at 27975 S 563 Rd, Monkey Island, OK 74331, this lot offers beautiful lake-area views and an ideal setting for a custom vacation home, full-time residence, or income-producing short-term rental. Airbnb and VRBO rentals are welcome, and there are no HOA fees, giving buyers added flexibility and long-term value. The property was recently part of a major infrastructure project that brought city water connections to multiple lots, removing the need to rely on the old shared well system. This is a major improvement for future building plans and adds convenience for the next owner. The location is hard to beat. The lot is within walking or golf-cart distance to Terra Miranda and sits near the beginning of the popular Monkey Island Trail - a 7-mile golf-cart-friendly route that connects Terra Miranda Resort to Shangri-La Resort. This well-known Monkey Island route passes by several iconic lake destinations, including Shebangs, Big Shots, and all the dining, golf, marina, arcade, and resort amenities that Shangri-La Resort has to offer. Whether you are looking to build a lake getaway, investment property, or personal retreat, this lot offers a rare combination of water views, city water access, no HOA restrictions, STR-friendly use, and one of the best lifestyle locations on Monkey Island.