33
Map
$305,000
↓ $5K (1.6%)
●
Mobile Manufactured -
For Sale
1501 Lake Drive W
Okeechobee, FL 34974
3 Beds
3 Baths
896 Ft²
$1,816
Est. Monthly
About This Property
Lake Access!! This property features all the gorgeous waterfront
views and is perfect for fishing lake Okeechobee. Perfect rental
income opportunity with 2 separate units on 1 1/2 lots. The outdoor
features a boat ramp, dock with chickee hut and lovely screened in
back patio for your days off the water. The main home and
efficiency apartment are both fully furnished and perfect for
rental income. The main home features an open floor plan with
split bedrooms, each has its own bathroom. Beautifully decorated
these 2 living areas are turnkey and move in ready. Don't miss out
on this rare property. Enjoy your days boating and relaxing with
the serene canal front living.
Unit Size
896 Ft²
Days on Market
177 days
Land Size
0.22 acres
Price per sqft
$340
Property Type
Mobile Manufactured
Property Taxes
$318
HOA Dues
-
Year Built
-
Listed By
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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: 27 days ago (Beaches MLS #B26011713)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | Price Decreased |
$305,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Aug 4, 2026 | Price Decreased |
$310,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| May 21, 2026 | Price Decreased |
$315,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Apr 6, 2026 | Listed by Okeechobee Homes and Land | $320,000 | |
| Listed by Okeechobee Homes and Land | |||
Property Highlights
Air Conditioning
With View
Parking Details
Has Open Parking
Parking Features: Open
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Eat-in Kitchen, Storage, SplitBedrooms, TubShower
Appliances: Dryer, Electric Range, Refrigerator, Washer
Flooring Type: Vinyl
Laundry Features: Inside
Rooms: 3
Exterior Details
Square Footage: 896
Square Footage Source: $0
Property Condition: Resale
Year Built: 2010
Waterfront Features: Canal Access, Canal Front, Lake Privileges, Ocean Access
Building Area Total: 1427
Levels: One
Other Structures: Guest House, Other, Shed(s)
Window Features: Blinds, Drapes
Construction Materials: Vinyl Siding
Patio and Porch Features: Deck, Patio, Screened
Lot Features: OversizedLot, LessThanQuarterAcre
Lot Size Area: 9583.2
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Lot Size Dimensions: 75x125
Water Source: Public
Financial Details
Tax Annual Amount: $3,817
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Central
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Buckhead Ridge
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Listed by: Brandi Joiner
Okeechobee Homes and Land
Last Updated: 27 days ago
Data Source: Beaches MLS, MLS# B26011713
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.
Okeechobee Homes and Land
Last Updated: 27 days ago
Data Source: Beaches MLS, MLS# B26011713
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