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Okeechobee 34972
1392 NE 48th Avenue
$300,000
● House - Off Market

1392 NE 48th Avenue

Okeechobee, FL 34972
bedrooms
4 Beds
bathrooms
3 Baths
square feet
4,034 Ft²
$315,893
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Great opportunity to own a large home on 4.399 acres with a large work shop in the back. Located on the East side of Okeechobee, a block from Hwy 70.  Close to town or an easy commute to the coast. No HOA. Plenty of space for a mother-in-law suite, apartment or man-cave. Property consists of two separate lots.  Currently zoned light industrial.  Great location for a home and business. Home needs a new roof and some renovation. Investor or handyman special.

Great potential.
Unit Size
4,034 Ft²
Days on Market
14 days
Land Size
4.40 acres
Price per sqft
$74
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
1968

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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: 5 months ago (Beaches MLS #R10772294)

Price History

Date / Event Date Event Price
Feb 18, 2022 Sold
Premium
Sold
Jan 24, 2022 Listed by Legacy Real Estate of Florida LLC $300,000
Listed by Legacy Real Estate of Florida LLC
May 30, 2001 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 690
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 149,541
  • Lot Size Depth Feet: 4,400
  • Lot Size Frontage Feet: 300
  • Total Building Area: 4,781
  • Gross Building Area: 4,781
  • Building Area: 4,091
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,091
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OKEECHOBEE GARDENS
  • Land Acres: 0000003433
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: OKEECHOBEE GARDENS LOTS 1 TO 18 INC BLOCK 24 & VACATED ALLEY IN ORB 454 PG 229; LESS ERLY 33 FT OF LOTS 1 & 18 FOR R/W; ALSO INCLUDES THE SOUTH 1/2 OF NE 14TH LANE (ORB 492 PG 628) TOGETHER WITH THE NORTH 1/2 OF VACATED EIGHTEENTH STREET LYING ADJACE

Neighborhood

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

Geography

  • Parcel: 1-13-37-35-0010-00240-0010
  • Block: 24
  • Lot: 1-18
  • Meridian: SEC 13 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2565
  • Longitude: -80.7802

    Address

  • Full Address: 1392 Ne 48th Ave
  • Address - House Number: 1392
  • Street Direction: NE
  • Address - Street Name: 48th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R011
  • 4-Digit Zip Code: 0771
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 4,529
  • Tax Year: 2022
  • Tax Amount: $272,607
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.2742
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 60
  • Final Value: 310,569
  • High Value: 395,757
  • Low Value: 225,381

    Market Valuation

  • Market Total Value: $519,292
  • Market Land Value: $117,258
  • Market Improvement Value: $402,034

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $519,292
  • Assessed Land Value: $117,258
  • Assessed Improvements Value: $402,034

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Feb 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2344
  • Previous Sale Recording Date: May 30, 2001
  • Previous Sale Contract Date: May 25, 2001
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 71
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

83

Average Home Size

1592 ft²

Average Home Age

26.2 years

Currently For Sale

232 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

Unit for rent at 1031 Se 39th Terrace, Okeechobee, FL, 34974

$2,200 /mo

  • 4 Beds
  • 2 Baths
  • 1,788 ft²
1031 Se 39th Terrace, Okeechobee, FL, 34974 Listing by Martha Vasek

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Mary Franklin
Legacy Real Estate of Florida LLC
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10772294
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 1392 Northeast 48th Avenue built and last sold?
The property at 1392 Northeast 48th Avenue was built in 1968 and last sold on Feb 16, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 1392 Northeast 48th Avenue is $0.
What are some comparable homes to 1392 Northeast 48th Avenue?
There are currently no comparable homes to 1392 Northeast 48th Avenue.
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