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Buckhead Ridge 34974
1579 Lake Drive
$170,000
● Mobile Manufactured - Off Market

1579 Lake Drive

Okeechobee, FL 34974
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,541 Ft²
$202,288
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

JUST MINUTES TO LAKE ''O'' FROM YOUR OWN BACKYARD. SPLIT BEDROOMS, LAUNDRY INSIDE. FULLY FENCED, SEAWALL, CONCRETE DRIVEWAY. COVERED FRONT PORCH, BACK PATIO. EXTRA FLORIDA ROOM WITH STORAGE AREA INSIDE. PETS ON PREMISES. SIGN IN FRONT YARD.

APPLIANCES DO NOT CONVEY.
Unit Size
1,541 Ft²
Days on Market
84 days
Land Size
0.19 acres
Price per sqft
$126
Property Type
Mobile Manufactured
Property Taxes
$123
HOA Dues
-
Year Built
1994

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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: 3 months ago (Beaches MLS #R10810047)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
Jun 20, 2022 Listed by Professional Real Estate Advisors, LLC $194,500
Listed by Professional Real Estate Advisors, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 288
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 125
  • Pool Type: 0
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 8,494
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,296
  • Gross Building Area: 1,584
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BUCKHEAD RIDGE-5TH ADD
  • Land Acres: 0000000195
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 40 BUCKHEAD RIDGE-5TH ADD UNIT 2 GC PB 3 PG 43

Neighborhood

  • School District Name: Glades County School District
  • Census Tract: 000100

Geography

  • Assessors Map Reference: 202C
  • Parcel: S36-38-34-011-0000-0400
  • Lot: 40
  • Municipality: CMTY OF BUCKHEAD RIDGE
  • Latitude: 27.1288
  • Longitude: -80.8898

    Address

  • Full Address: 1579 Lake Dr
  • Address - House Number: 1579
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R004
  • 4-Digit Zip Code: 0290
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,541
  • Tax Year: 2023
  • Tax Amount: $164,982

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 161,698
  • High Value: 235,519
  • Low Value: 87,876

    Market Valuation

  • Market Total Value: $131,004
  • Market Land Value: $45,050
  • Market Improvement Value: $85,954

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,004
  • Assessed Land Value: $45,050
  • Assessed Improvements Value: $85,954

    Sales

  • Current Sale Contract Date: Sep 12, 2022
  • Current Sale Recording Date: Sep 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2895
  • Previous Sale Recording Date: Jul 20, 2012
  • Previous Sale Contract Date: Jul 13, 2012
  • Previous Sale Amount: $52,000
  • 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 Buckhead Ridge

Stats & Trends

Median Asking:

$357,450

Sale Price/ft²

$232

Below Asking

0.01%

Average Days on Market

73

Average Home Size

1263 ft²

Average Home Age

47.9 years

Currently For Sale

13 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 1205 Lisa Lane, OKEECHOBEE, FL, 34974

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,260 ft²
1205 Lisa Lane, OKEECHOBEE, FL, 34974 Listing by Diana Villarreal
Unit for rent at 1134 6th Street, Okeechobee, FL, 34974

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,425 ft²
1134 6th Street, Okeechobee, FL, 34974 Listing by Krystal Moore

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Kimberly Riddle-Hale
Professional Real Estate Advisors, LLC
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10810047
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 1579 Lake Drive built and last sold?
The property at 1579 Lake Drive was built in 1994 and last sold on Sep 12, 2022 for $170,000.
How much is this home worth?
The estimated value of the home located at 1579 Lake Drive is $0.
What are some comparable homes to 1579 Lake Drive?
There are currently no comparable homes to 1579 Lake Drive.
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