2304 NE 131ST LANE
About This Property
Nestled in peaceful Okeechobee, this picturesque property awaits your vision. The property boasts a charming tree-lined driveway that creates a natural tunnel effect, welcoming you to your future homesite. Mature trees dot the landscape, offering shade and character to this beautiful parcel ready for development.
Located in a serene community, you'll appreciate the balance of tranquility and convenience. Just a short drive away, you'll find everyday necessities at Publix Supermarket and Walmart Supercenter. For entertainment, the Seminole Brighton Bay Hotel & Casino is within a reasonable distance.
This is your canvas to create the home you've always imagined. Whether you dream of a cozy country retreat or a spacious family residence, this lot provides the perfect foundation. The surrounding area's natural beauty sets the stage for your personal paradise.
Build your dream home where Florida's natural splendor meets small-town charm – your future awaits!
All measurements are approximate.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 13, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by LAKE O REAL ESTATE, LLC | $325,000 | |
| Listed by LAKE O REAL ESTATE, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017