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Okeechobee 34972
20796 NW 298th Street
$24,000
● Land - Off Market

20796 NW 298th Street

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$161
Est. Monthly

About This Property

Build or bring your dream home or weekend getaway on this spacious 1.50-acre lot in the desirable Viking Estates area of Okeechobee. Enjoy the peace and privacy of rural living with no HOA and AG/Residential zoning. Close to Kissimmee Prairie Preserve State Park for outdoor recreation. Great long-term investment or homesite opportunity. Whether you like Fishing, hunting, mudding agriculture or just privacy here you have it all. Don't miss this one!
Unit Size
-
Days on Market
44 days
Land Size
1.50 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: 9 months ago (Beaches MLS #R11113465)

Price History

Date / Event Date Event Price
Sep 19, 2025 Sold
Premium
Sold
Aug 22, 2025 In contract -
In contract
Aug 6, 2025 Listed by American Realty of PSL LLC $25,900
Listed by American Realty of PSL LLC

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: 65,340
  • 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: 0000001500
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: LOT L OF TRACT 9 WEST 1/2 OF THE WEST 1/2 OF THE NORTH 1/2 OF THE SOUTH 1/2 OF TRACT 9, SECTION 16 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: 9
  • Parcel: 1-16-34-33-0A00-00009-L000
  • Lot: L
  • Meridian: SEC 16 TWN 34S RNG 33E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.5183
  • Longitude: -81.0393

    Address

  • Full Address: 20796 Nw 298th St
  • Address - House Number: 20796
  • Street Direction: NW
  • Address - Street Name: 298th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $35,078
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $11,250
  • Market Land Value: $11,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,250
  • Assessed Land Value: $11,250
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:

$338,725

Sale Price/ft²

$220

Below Asking

0.03%

Average Days on Market

92

Average Home Size

1525 ft²

Average Home Age

25.6 years

Currently For Sale

181 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: Daniel Castaneda
American Realty of PSL LLC
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R11113465
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 20796 Northwest 298th Street built and last sold?
The property at 20796 Northwest 298th Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 20796 Northwest 298th Street is $0.
What are some comparable homes to 20796 Northwest 298th Street?
There are currently no comparable homes to 20796 Northwest 298th Street.
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