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Okeechobee 34972
10305 NE 2nd Terrace
$32,000
● Land - Off Market

10305 NE 2nd Terrace

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$232
Est. Monthly

About This Property

Beautifully wooded residential lot! .35 of an acre to build your new custom home on! Private yet convenient location. Enjoy gorgeous sunsets, lovely nature, and beautiful wildlife! Conveniently located less than 10 minutes from the center of Okeechobee.
Unit Size
-
Days on Market
65 days
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
$35
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 7 months ago (Beaches MLS #F10546391)

Price History

Date / Event Date Event Price
Mar 24, 2026 Sold
Premium
Sold
Mar 16, 2026 In contract -
In contract
Jan 18, 2026 Listed by McFarland Real Estate Co $40,000
Listed by McFarland Real Estate Co
Mar 8, 2024 Sold
Premium
Sold
Sep 10, 2023 Listed by McFarland Real Estate Co $22,900
Listed by McFarland Real Estate Co
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,289
  • Lot Size Depth Feet: 2,040
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ORANGE BLOSSOM RANCHES
  • Land Acres: 0000000351
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: ORANGE BLOSSOM RANCHES (PLAT BOOK 3 PAGE 9) LOTS 11 & 18 BLOCK 3

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910101

Geography

  • Parcel: 1-15-36-35-0040-00030-0110
  • Block: 3
  • Lot: 11,18
  • Meridian: SEC 15 TWN 36S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.3374
  • Longitude: -80.8254

    Address

  • Full Address: 10305 Ne 2nd Ter
  • Address - House Number: 10305
  • Street Direction: NE
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,554
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $12,000
  • Market Land Value: $12,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $12,000

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2617
  • Previous Sale Recording Date: Feb 01, 2016
  • Previous Sale Contract Date: Feb 01, 2016
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Okeechobee

Stats & Trends

Median Asking:

$336,450

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1589 ft²

Average Home Age

26.2 years

Currently For Sale

233 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Baron Karl Taylor
McFarland Real Estate Co
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# F10546391
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively 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. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 10305 Northeast 2nd Terrace built and last sold?
The property at 10305 Northeast 2nd Terrace was built in and last sold on Mar 8, 2024 for $19,500.
How much is this home worth?
The estimated value of the home located at 10305 Northeast 2nd Terrace is $40,400.
What are some comparable homes to 10305 Northeast 2nd Terrace?
There are currently no comparable homes to 10305 Northeast 2nd Terrace.
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