$175,000
●
Land -
Off Market
2931 NE 62nd Parkway
Okeechobee, FL 34972
Studio
0 Bath
$191,473
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Are you looking for the perfect piece of land to build your dream
home? This is an opportunity to own 2 contiguous lots 1.8 +1.6 acre
in the spectacular community of R Bar Estates. As it is 2 lots you
can build two homes! Lots of tress for privacy and it backs to a
huge farm. 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
37 days
Land Size
3.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
$107
HOA Dues
-
Year Built
-
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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: 5 months ago (Beaches MLS #R10798721)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2023 | Sold | ||
| Sold | |||
| May 10, 2022 | Listed by NextHome Treasure Coast | $190,000 | |
| Listed by NextHome Treasure Coast | |||
| May 11, 2021 | Listed by NextHome Treasure Coast | $95,000 | |
| Listed by NextHome Treasure Coast | |||
| | |||
|
Are you looking for the perfect piece of land to build your dream home? This 1.8+ acre lot in the spectacular community of R Bar Estates is ready for your home and all your toys. The adjacent 1.6 acre lot is also available for purchase. 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!
| |||
| Apr 13, 2005 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Okeechobee
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Listed by: McAllister Group
NextHome Treasure Coast
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10798721
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.
NextHome Treasure Coast
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10798721
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