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Okeechobee 34972
16540 NW 320 Street
$22,000
● Land - Off Market

16540 NW 320 Street

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$156
Est. Monthly

About This Property

Nestled in a serene area backing up to the Kissimmee Prairie Preserve, this 1.25-acre lot offers the perfect escape with no HOA restrictions. Bring your side-by-side and explore the stunning natural surroundings. Mobile homes are welcome, or build your dream home and enjoy the peaceful Florida landscape. Outdoor enthusiasts will love the proximity to world-class fishing at Lake Okeechobee, hunting, and endless recreational opportunities. Just 30 minutes from restaurants and entertainment, and less than two hours from Walt Disney World. This property is priced below market value, making it an excellent opportunity to invest in Florida land-whether for a future home, vacation getaway, or long-term appreciation. Don't miss out on this hidden gem!
Unit Size
-
Days on Market
44 days
Land Size
1.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$33
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #R11061087)

Price History

Date / Event Date Event Price
Mar 26, 2025 Sold
Premium
Sold
Feb 10, 2025 Listed by Coldwell Banker Paradise $24,900
Listed by Coldwell Banker Paradise
Sep 16, 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: 54,450
  • 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
  • Land Acres: 0000001250
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: LOT C OF TRACT 3 EAST 1/2 OF THE WEST 1/2 OF THE NORTH 1/2 OF THE NORTH 1/2 OF TRACT 3, SECTION 11 AS TO THE SOUTHERN COLONIZATION COMPANY PLAT OF TOWNSHIP 34 SOUTH, RANGE 33 EAST, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 4, PAGES 3-3E, IN

Neighborhood

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

Geography

  • Subdivision Tract Number: 3
  • Parcel: 1-11-34-33-0A00-00003-C000
  • Lot: C
  • Meridian: SEC 11 TWN 34S RNG 33E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.5378
  • Longitude: -80.995

    Address

  • Full Address: 16540 Nw 320th St
  • Address - House Number: 16540
  • Street Direction: NW
  • Address - Street Name: 320th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $35,748
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $17,500
  • Market Land Value: $17,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,500
  • Assessed Land Value: $17,500

    Sales

  • Current Sale Contract Date: Sep 01, 2004
  • Current Sale Recording Date: Sep 16, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004016236
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

$222

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1578 ft²

Average Home Age

26.8 years

Currently For Sale

237 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: Richard A Zangre
Coldwell Banker Paradise
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R11061087
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 16540 Northwest 320th Street built and last sold?
The property at 16540 Northwest 320th Street was built in and last sold on Sep 1, 2004 for $19,500.
How much is this home worth?
The estimated value of the home located at 16540 Northwest 320th Street is $0.
What are some comparable homes to 16540 Northwest 320th Street?
There are currently no comparable homes to 16540 Northwest 320th Street.
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