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Okeechobee 34972
1121 NE 138th Street
$175,000
● Land - Off Market

1121 NE 138th Street

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$1,021
Est. Monthly

About This Property

COUNTRY HILLS ~ VACANT LAND~ Buildable homestead. Almost 5 Acres with mature Oak trees. Good eastside commute location.
Unit Size
-
Days on Market
22 days
Land Size
4.60 acres
Price per sqft
-
Property Type
Land
Property Taxes
$92
HOA Dues
-
Year Built
-

Payment Calculator

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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: 9 months ago (Beaches MLS #R11024470)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Premium
Sold
Sep 27, 2024 Listed by Mixon Real Estate Group $189,000
Listed by Mixon Real Estate Group
Feb 1, 2006 Sold
Premium
Sold
Oct 1, 2004 Sold
Premium
Sold

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: 200,376
  • 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: COUNTRY HILLS RANCHES
  • Land Acres: 0000004600
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: COUNTRY HILLS RANCHES (PLAT BOOK 7 PAGE 9) LOT 7

Neighborhood

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

Geography

  • Parcel: 1-03-36-35-0040-00000-0070
  • Lot: 7
  • Meridian: SEC 02 TWN 36S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.3713
  • Longitude: -80.8174

    Address

  • Full Address: 1121 Ne 138th St
  • Address - House Number: 1121
  • Street Direction: NE
  • Address - Street Name: 138th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R011
  • 4-Digit Zip Code: 4836
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $92,978
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $89,200
  • Market Land Value: $89,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,200
  • Assessed Land Value: $89,200

    Sales

  • Current Sale Contract Date: Jan 26, 2006
  • Current Sale Recording Date: Feb 01, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2006002110
  • Previous Sale Recording Date: Oct 01, 2004
  • Previous Sale Contract Date: Sep 23, 2004
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$337,900

Sale Price/ft²

$223

Below Asking

0.03%

Average Days on Market

92

Average Home Size

1494 ft²

Average Home Age

25.5 years

Currently For Sale

193 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

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BEACHES

Listed by: Lori Mixon
Mixon Real Estate Group
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R11024470
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 1121 Northeast 138th Street built and last sold?
The property at 1121 Northeast 138th Street was built in and last sold on Jan 26, 2006 for $189,000.
How much is this home worth?
The estimated value of the home located at 1121 Northeast 138th Street is $0.
What are some comparable homes to 1121 Northeast 138th Street?
There are currently no comparable homes to 1121 Northeast 138th Street.
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