$540,000
$568,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
3,410 SqFt
SOLD DATE : 12/23/2025
Key Details
Sold Price $540,000
Property Type Single Family Home
Sub Type Single
Listing Status Sold
Purchase Type For Sale
Square Footage 3,410 sqft
Price per Sqft $158
Subdivision Okeechobee
MLS Listing ID F10528626
Sold Date 12/23/25
Style WF/Ocean Access
Bedrooms 6
Full Baths 3
Construction Status Resale
Total Fin. Sqft 51000
Year Built 1997
Annual Tax Amount $6,877
Tax Year 2024
Lot Size 1.171 Acres
Property Sub-Type Single
Property Description
Excellent income-producing property with multi-family zoning and significant room for expansion! Currently generating $72,000/year in income with a NOI of $59,000, this property boasts a Cap Rate of over 10%—a rare find! The property includes a single-family home plus two additional separate rental buildings and RV spaces, all sitting on over an acre of waterfront land along the Taylor Creek Canal with direct access to Lake Okeechobee and the ocean. Recent upgrades include a new electric system, new well, and a 15-year silicone-coated roof for low-maintenance durability. Whether you're looking for a solid investment opportunity or a primary residence with income potential, this property checks all the boxes. Don't miss out!
Location
State FL
County Okeechobee County
Area Ok20
Rooms
Bedroom Description Other
Other Rooms Other
Interior
Interior Features Other Interior Features
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Equipment Dryer, Electric Range, Refrigerator, Washer
Appliance Dryer, Electric Range, Refrigerator, Washer
Exterior
Exterior Feature Other
Waterfront Description Canal Width 1-80 Feet
Water Access Desc Dock Available,Other
View Canal
Roof Type Other Roof
Building
Lot Description 1 To Less Than 2 Acre Lot
Foundation Cbs Construction
Sewer Septic Tank
Water Well Water
Construction Status Resale
Others
Senior Community No HOPA
Restrictions No Restrictions,Ok To Lease
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Illustrated Properties LLC (Co
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