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Okeechobee 34972
16581 NW 296th Street
$16,000
● Land - Off Market

16581 NW 296th Street

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$131
Est. Monthly

About This Property

1.25 acre buildable lot in NW Okeechobee County. Power available at the easement.

Native hardwoods and wildlife cover on this property. Great site for your custom home.
Unit Size
-
Days on Market
61 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
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: 6 months ago (Beaches MLS #R11164764)

Price History

Date / Event Date Event Price
Apr 20, 2026 Sold
Premium
Sold
Apr 14, 2026 In contract -
In contract
Mar 8, 2026 Price Decreased $20,000
↓ $5K (20%)
Price Decreased
Feb 18, 2026 Listed by Mixon Real Estate Group $25,000
Listed by Mixon Real Estate Group
Oct 20, 2004 Sold
Premium
Sold
Show More

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 M OF TRACT 14 WEST 1/2 OF THE WEST 1/2 OF THE SOUTH 1/2 OF THE SOUTH 1/2 OF TRACT 14, SECTION 14 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,

Neighborhood

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

Geography

  • Subdivision Tract Number: 14
  • Parcel: 1-14-34-33-0A00-00014-M000
  • Lot: M
  • Meridian: SEC 14 TWN 34S RNG 33E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.5168
  • Longitude: -80.9958

    Address

  • Full Address: 16581 Nw 296th St
  • Address - House Number: 16581
  • Street Direction: NW
  • Address - Street Name: 296th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,849
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $13,900
  • Market Land Value: $13,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,900
  • Assessed Land Value: $13,900

    Sales

  • Current Sale Contract Date: Aug 10, 2004
  • Current Sale Recording Date: Oct 20, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004018084
  • Previous Sale Recording Date: Jul 21, 2004
  • Previous Sale Contract Date: Jul 15, 2004
  • Previous Sale Amount: $9,000
  • 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:

$337,900

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1582 ft²

Average Home Age

26.2 years

Currently For Sale

233 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

Rentals Near You

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BEACHES

Listed by: Patrick Malone
Mixon Real Estate Group
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R11164764
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 16581 Northwest 296th Street built and last sold?
The property at 16581 Northwest 296th Street was built in and last sold on Aug 10, 2004 for $16,000.
How much is this home worth?
The estimated value of the home located at 16581 Northwest 296th Street is $0.
What are some comparable homes to 16581 Northwest 296th Street?
There are currently no comparable homes to 16581 Northwest 296th Street.
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