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Okeechobee 34972
27430 NE 48th Avenue
$165,000
● Land - Off Market

27430 NE 48th Avenue

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$264,185
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

This tract is an excellent piece of pasture land located in a beautiful area. This 16.1-acre tract of land is ideal for anyone looking for a great place to build their dream home and still have room for their horses and cows. The property is already fenced and includes features like an irrigation well, cows pens, two ponds, and plenty of fill-dirt already on the property. There are no ''Wetlands'' areas on the property. Call us for more details.
Unit Size
-
Days on Market
182 days
Land Size
16.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2
HOA Dues
-
Year Built
2020

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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 #R10555699)

Price History

Date / Event Date Event Price
Feb 18, 2020 Sold
Premium
Sold
Aug 19, 2019 Listed by Mira Realty, LLC $183,000
Listed by Mira Realty, LLC
Jul 18, 2014 Sold
Premium
Sold
Apr 6, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Cover: 2
  • 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: 350,658
  • Total Building Area: 514
  • Gross Building Area: 514
  • Building Area: 514
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: SOUTHERN HOMESTEADS UNIT 2
  • Land Acres: 0000008050
  • Standard Land Use Code: 7012
  • County Land Use Code: 006187
  • State Land Use Code: 61
  • Legal Description 1: SOUTHERN HOMESTEADS UNIT 2 (PLAT BOOK 6 PAGES 88 & 89) LOT 25

Neighborhood

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

Geography

  • Parcel: 1-19-34-36-0010-00020-0025
  • Lot: 25
  • Meridian: SEC 19 TWN 34S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.5027
  • Longitude: -80.7738

    Address

  • Full Address: 27430 Ne 48th Ave
  • Legal Unit: 2
  • Address - House Number: 27430
  • Street Direction: NE
  • Address - Street Name: 48th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,784
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $85,086
  • Market Land Value: $76,515
  • Market Improvement Value: $8,571

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,050

    Sales

  • Current Sale Contract Date: Jun 12, 2014
  • Current Sale Recording Date: Jul 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 30
  • Current Sale Input Document Number: 2014006746
  • Previous Sale Recording Date: Apr 06, 2005
  • Previous Sale Contract Date: Mar 29, 2005
  • Previous Sale Amount: $501,300
  • Previous Sale Document Type: 71
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:

$337,900

Sale Price/ft²

$223

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1584 ft²

Average Home Age

26.3 years

Currently For Sale

232 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: Joseph W Stas
Mira Realty, LLC
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R10555699
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 27430 Northeast 48th Avenue built and last sold?
The property at 27430 Northeast 48th Avenue was built in 2020 and last sold on Jun 12, 2014 for $32,074.
How much is this home worth?
The estimated value of the home located at 27430 Northeast 48th Avenue is $0.
What are some comparable homes to 27430 Northeast 48th Avenue?
There are currently no comparable homes to 27430 Northeast 48th Avenue.
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