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Okeechobee 34972
18923 NW 240th Street
Photo of 18923 NW 240th Street

3

Map

Photo of 18923 NW 240th Street
Photo of 18923 NW 240th Street
$43,000
↓ $2K (4.4%)
● Land - For Sale

18923 NW 240th Street

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$248
Est. Monthly

About This Property

Build your future on this spacious 1.74 acre offering privacy, open space, and room to create the lifestyle you've been looking for. Explore the potential for site built, modular, or a mobile home options, subject to zoning and county guidelines while enjoying peaceful rural surrounding and the charm of country living. Conveniently located within reach of Kissimmee Prairie Preserve State Park and Okeechobee area's renowned fishing, boating, and outdoor recreation, this property offers perfect balance of natural beauty, space, and future opportunity. Whether you're planning your own retreat or considering land for the future, this parcel offers flexibility and potential in a growing area. All information is deemed reliable but not guaranteed and should be independently verified by buyers
Unit Size
-
Days on Market
179 days
Land Size
1.74 acres
Price per sqft
-
Property Type
Land
Property Taxes
$37
HOA Dues
-
Year Built
-

Listed By

Hala Saleh

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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 #B26023719)

Price History

Date / Event Date Event Price
May 15, 2026 Price Decreased $43,000
↓ $2K (4.4%)
Price Decreased
May 4, 2026 Listed by LoKation $45,000
Listed by LoKation
Jan 10, 2003 Sold
Premium
Sold

Property Highlights

Exterior Details
Lot Features: OneToTwoAcres
Lot Size Area: 75794.4
Lot Size Units: Square Feet
Lot Size Acres: 1.74
Lot Size Square Feet: 75794.4
Water Source: Well
Financial Details
Tax Assessed Value: $8,475
Tax Annual Amount: $439
Utilities Details
Sewer : Septic Tank

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: 75,794
  • 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: 0000001740
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: LOT N OF TRACT 26 EAST 1/2 OF THE WEST 1/2 OF THE SOUTH 1/2 OF THE SOUTH 1/2 OF TRACT 26, SECTION 34 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: 26
  • Parcel: 1-34-34-33-0A00-00026-N000
  • Lot: N
  • Meridian: SEC 34 TWN 34S RNG 33E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.4656
  • Longitude: -81.0205

    Address

  • Full Address: 18923 Nw 240th St
  • Address - House Number: 18923
  • Street Direction: NW
  • Address - Street Name: 240th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,744
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $13,050
  • Market Land Value: $13,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,050
  • Assessed Land Value: $13,050

    Sales

  • Current Sale Recording Date: Jan 10, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$337,515

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

94

Average Home Size

1488 ft²

Average Home Age

25.5 years

Currently For Sale

192 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

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Hala Saleh
LoKation
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# B26023719
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 18923 Northwest 240th Street built and last sold?
The property at 18923 Northwest 240th Street was built in and last sold on Jan 1, 1970 for $25,000.
How much is this home worth?
The estimated value of the home located at 18923 Northwest 240th Street is $43,430.
What are some comparable homes to 18923 Northwest 240th Street?
There are currently no comparable homes to 18923 Northwest 240th Street.
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