8
Map
$39,900
↓ $5K (11.3%)
●
Land -
For Sale
18980 NW 274th Street
Okeechobee, FL 34972
Studio
0 Bath
$231
Est. Monthly
About This Property
Excellent opportunity to own 1.25 acres in Okeechobee! This
partially cleared property is fully fenced and already has an
established entrance, with only a gate needed for complete privacy.
Located outside of a flood zone, this versatile lot offers endless
possibilities for residential or agricultural use. Zoning allows
for a single-family home, mobile home, or agricultural activities,
making it ideal for a primary residence, weekend retreat, or
investment property. Enjoy peaceful country living with plenty of
space for animals, farming, recreational vehicles, boats, or future
improvements. Don't miss the chance to own a spacious and usable
lot in a growing area of Okeechobee.
Unit Size
-
Days on Market
150 days
Land Size
1.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$35
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: 4 months ago (Beaches MLS #B26031338)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2026 | Price Decreased |
$39,900
↓ $5K
(11.3%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by American Realty of PSL LLC | $45,000 | |
| Listed by American Realty of PSL LLC | |||
| Sep 23, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | Listed by SAND DOLLAR REALTY GROUP INC | $25,995 | |
| Listed by SAND DOLLAR REALTY GROUP INC | |||
| | |||
|
NO flood zone! GREAT ROAD QUALITY. Just a few lots over from the paved road. This lot also appears to be mostly cleared of trees, which could save you thousands of dollars in tree and brush clearing costs. Far better quality of road access than most of the other lots in the area. Mobile/Manufactured homes are OK here in Viking Estates. Bring your animals and toys. It's hard to find good lots with no flood zone in the area, jump on this one. Seller has several other unlisted lots in the same neighborhood that are also available. Ask for a list.
| |||
| Jun 13, 2002 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Lot Features: Agricultural, Cleared, OneToTwoAcres, ResidentialLot
Lot Size Area: 54450
Lot Size Units: Square Feet
Lot Size Acres: 1.25
Lot Size Square Feet: 54450
Water Source: Well
Financial Details
Tax Assessed Value: $18,500
Tax Annual Amount: $417
Utilities Details
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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HOA + Taxes
About Okeechobee
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Listed by: Carmen Nieto
American Realty of PSL LLC
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# B26031338
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.
American Realty of PSL LLC
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# B26031338
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