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Martin 34956
28151 SW Warfield Boulevard
$5,299,000
● Land - Off Market

28151 SW Warfield Boulevard

Okeechobee, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$5,544,764
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

This was a private sale entered for statistical purposes only.  Sale included 6 separate parcels, for a total of 387.5 acres.
Unit Size
-
Days on Market
-
Land Size
378.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$67
HOA Dues
-
Year Built
1960

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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: 6 months ago (Beaches MLS #R10835567)

Price History

Date / Event Date Event Price
Oct 3, 2022 Sold
Premium
Sold
Sep 30, 2022 Listed by NextHome Treasure Coast $5,299,000
Listed by NextHome Treasure Coast
May 15, 2014 Sold
Premium
Sold
Aug 1, 2011 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 21
  • Bathroom Count: 10
  • Full Bathrooms: 10
  • Partial Bathrooms: 10
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Living Units: 7
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 14
  • Pool Type: 0
  • Location Influence Type: 54

    Dimensions

  • Lot Size Square Feet: 8,433,216
  • Total Building Area: 7,371
  • Building Area: 7,371

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000193600
  • Standard Land Use Code: 7012
  • County Land Use Code: 6300
  • State Land Use Code: 63
  • Legal Description 1: THAT PART OF W1/2 OF SEC 28 LYING N & E OF WARFIELD HWY LESS 3.18 AC PARCEL DESC IN OR 2500/1971 & LESS THAT PART LYING ELY & SLY OF 75.4 AC PARCEL AS DESC IN OR 2503/2107

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 001806

Zoning

  • Zoning: A2

Geography

  • Assessors Map Reference: 17
  • Parcel: 28-38-37-000-000-00010-1
  • Lot: 1
  • Meridian: SEC 28 TWN 38S RNG 37E
  • Latitude: 27.1408
  • Longitude: -80.6403

    Address

  • Full Address: 28151 Sw Warfield Blvd
  • Address - House Number: 28151
  • Street Direction: SW
  • Address - Street Name: Warfield
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R001
  • 4-Digit Zip Code: 2108
  • Zip Code: 34974

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $77,225
  • Tax Rate Code Area: 5005 WESTE

    Market Valuation

  • Market Total Value: $1,656,734
  • Market Land Value: $1,656,734

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,460

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2982834
  • Previous Sale Recording Date: May 15, 2014
  • Previous Sale Contract Date: May 15, 2014
  • Previous Sale Amount: $1,574,300
  • Previous Sale Document Type: 27
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 Martin

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$286

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2054 ft²

Average Home Age

32.8 years

Currently For Sale

1191 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: Scott McAllister
NextHome Treasure Coast
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10835567
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 28151 Southwest Warfield Boulevard built and last sold?
The property at 28151 Southwest Warfield Boulevard was built in 1960 and last sold on Sep 30, 2022 for $5,299,000.
How much is this home worth?
The estimated value of the home located at 28151 Southwest Warfield Boulevard is $0.
What are some comparable homes to 28151 Southwest Warfield Boulevard?
There are currently no comparable homes to 28151 Southwest Warfield Boulevard.
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