Prime Development Land on and around Hwy 242 — Lake Ozark, MO

The Next Frontier for Growth at Lake of the Ozarks

Hwy 242 in Lake Ozark is quickly emerging as one of the most exciting corridors of opportunity in the region. Currently largely undeveloped, this stretch is poised to become a future hub for commercial, residential, and mixed-use development at the Lake. With strong local government support, planned infrastructure improvements, and a proposed casino project in the area, Hwy 242 is drawing serious attention from investors and developers alike.

Why Hwy 242 Stands Out

1. Strategic Location: Direct access to Hwy 54 and just minutes from the Bagnell Dam Strip, the area’s most iconic attraction.
2. Infrastructure Ready: Water and sewer are nearby, roads are in place, and the land sits within the Lake Ozark city limits where officials are actively working with developers.
3. Growing Demand: Lake of the Ozarks has seen consistent growth in population, tourism, and second-home ownership, fueling the need for more commercial services, housing, and entertainment.
4. High Traffic & Visibility: Hwy 54 carries thousands of vehicles daily through Lake Ozark, and Hwy 242 is set to capture that flow as development expands.
5. Flexible Topography: With a variety of elevations and land layouts, these parcels are ideal for retail centers, multi-family housing, entertainment venues, or large residential projects.

A Rare Opportunity to Invest

The Lake of the Ozarks continues to gain national attention as one of the Midwest’s top destinations for recreation, retirement, and second homes. Investors and developers who establish a presence along Hwy 242 will be positioned at the forefront of the next wave of growth — supported by a city government eager to partner on infrastructure and expansion.

???? Explore these large parcels today and see why Hwy 242 is being called the future of Lake Ozark development.

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Featured

Land Active

32 Photos

$3,299,900

TBD Wood River Road
Lake Ozark, MO 65049
None

88 days
MLS# 3586459

37 acres positioned at the front door to Lake of the Ozarksthe very first impression when arriving at the lake. Elevated high above Business 54 at ...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 37.22 Acres
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Featured

Commercial Active

32 Photos

$1,999,900 Reduced -$300,100

2380,2400 Bagnell Dam Boulevard
Lake Ozark, MO 65049

291 days
MLS# 3580529
Office

In a commercial setting this has to be one of the best views the Lake of the Ozarks has to offer. This piece of real estate has been held by the sa...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 3,824 SqFt
• 3.26 Acres
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Featured

Land Active

14 Photos

$999,900

126 S. Fish Haven Road
Lake Ozark, MO 65049
None

69 days
MLS# 3586918

Prime Lake Ozark Development Opportunity Positioned in the heart of one of the fastest-growing areas at the Lake, this 8.26-acre tract sits directl...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 8.26 Acres
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Featured

Land Active

1 Photos

$700,000

Tract D State Hwy 242
Lake Ozark, MO 65049
None

291 days
MLS# 3580518

Nearly 8 acres of commercially zoned land right on the corner of Hwy 242 and Osage Beach Parkway. Property offers so much potential as it is in the...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 8.39 Acres
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Featured

Land Active

2 Photos

$500,000

Tract C Hwy 242
Lake Ozark, MO 65049
None

292 days
MLS# 3580500

A little over 7 acres zoned commercial with Hwy 242 frontage. In fact nearly 1000 ft of frontage with incredible visibility! With that visibility, ...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 7.23 Acres
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Featured

Land Active

1 Photos

$499,000

Tract E Hwy 242
Lake Ozark, MO 65049
None

296 days
MLS# 3580440

Approximately 17.7 acres prime for development in Lake Ozark. Great location for growth! Located next to several residential and commercial develop...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 17.70 Acres
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Featured

Land Active

2 Photos

$400,000

TBD 1 State Hwy 242
Lake Ozark, MO 65049
None

292 days
MLS# 3580512

Over 12 acres and 1100 feet of Hwy 242 frontage zoned for commercial activity for $400,000. With this visibility and this location the possibilitie...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 12.65 Acres
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Featured

Land Active

1 Photos

$350,000

TBD 1 South Fish Haven Road
Lake Ozark, MO 65049
None

298 days
MLS# 3580397

Apartments anyone? This nearly 2 acre lot is R-3 High-Density Residential and was originally intended for a 16 unit apartment building. Apartments ...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 1.90 Acres
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Featured

Land Active

1 Photos

$350,000

150 Forrest Hills Drive
Lake Ozark, MO 65049
None

297 days
MLS# 3580410

Apartments anyone? This nearly 2 acre lot is R-3 High-Density Residential and was originally intended for a 16 unit apartment building. Apartments ...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 1.90 Acres
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Featured

Land Active

1 Photos

$350,000

TBD 3 South Fish Haven Road
Lake Ozark, MO 65049
None

292 days
MLS# 3580498

Prime time location with this approximately 3 acre tract of ground in the center of Lake Ozark. Great visibility, easy access off of Fish Haven Roa...

Provided courtesy of MATTHEW SCHRIMPF of BHHS Lake Ozark Realty

• 3.09 Acres
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