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Okeechobee 34972
2741 NE 58th Drive
$103,500
● Land - Off Market

2741 NE 58th Drive

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$113,535
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Are you looking for the perfect piece of land to build your dream home? This 2+ acre lot in the spectacular community of R Bar Estates is ready for your home and all your toys. Located less than 10 minutes from downtown Okeechobee with great restaurants and entertainment (you have to check out the rodeo!) A short drive takes you to beautiful Lake Okeechobee featuring some of the best fishing in the state. Vacant land is quickly disappearing so make sure you secure your own piece of paradise today!
Unit Size
-
Days on Market
325 days
Land Size
2.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
$58
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: 4 months ago (Beaches MLS #R10715455)

Price History

Date / Event Date Event Price
Apr 20, 2022 Sold
Premium
Sold
May 11, 2021 Listed by NextHome Treasure Coast $112,000
Listed by NextHome Treasure Coast
Nov 5, 2007 Sold
Premium
Sold
Apr 13, 2005 Sold
Premium
Sold

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: 89,515
  • 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
  • Subdivision: R BAR ESTATES UNIT 5
  • Land Acres: 0000002055
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: R-BAR ESTATES UNIT NO. 5 (PLAT BOOK 7 PAGES 4 & 5) LOT 154

Neighborhood

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

Geography

  • Parcel: 1-35-36-35-0050-00000-1540
  • Lot: 154
  • Meridian: SEC 35 TWN 36S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.299
  • Longitude: -80.8005

    Address

  • Full Address: 2741 Ne 58th Dr
  • Legal Unit: 5
  • Address - House Number: 2741
  • Street Direction: NE
  • Address - Street Name: 58th
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $91,422
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $89,650
  • Market Land Value: $89,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,650
  • Assessed Land Value: $89,650

    Sales

  • Current Sale Contract Date: Apr 04, 2022
  • Current Sale Recording Date: Apr 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5372
  • Previous Sale Recording Date: Nov 05, 2007
  • Previous Sale Contract Date: Oct 23, 2007
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$335,000

Sale Price/ft²

$220

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1603 ft²

Average Home Age

26 years

Currently For Sale

230 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

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BEACHES

Listed by: Scott McAllister
NextHome Treasure Coast
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10715455
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 2741 Northeast 58th Drive built and last sold?
The property at 2741 Northeast 58th Drive was built in and last sold on Apr 4, 2022 for $103,500.
How much is this home worth?
The estimated value of the home located at 2741 Northeast 58th Drive is $0.
What are some comparable homes to 2741 Northeast 58th Drive?
There are currently no comparable homes to 2741 Northeast 58th Drive.
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