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Okeechobee 34972
35479 NW 4th Drive
$125,000
● Land - Off Market

35479 NW 4th Drive

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$146,687
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

This 4.23 acres is in a fantastic part of North Okeechobee. It currently has a trailer on this property but will need to be removed by the new owner. Electric and septic are on the property. Bring in your own Pre-fab home or build your dream home and make this place your own. Lots of privacy. Small pond. Beautiful Old Oak trees on this high and dry land.
Unit Size
-
Days on Market
126 days
Land Size
4.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$113
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #R10815002)

Price History

Date / Event Date Event Price
Nov 17, 2022 Sold
Premium
Sold
Jul 8, 2022 Listed by Compass Florida LLC $139,000
Listed by Compass Florida LLC
Dec 16, 2002 Sold
Premium
Sold
Mar 6, 1996 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 184,258
  • Total Building Area: 672
  • Gross Building Area: 672
  • Building Area: 672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 672
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE MONTAZA ESTATES SECTION
  • Land Acres: 0000004230
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: LAKE MONTAZA ESTATES SECTION ONE (PLAT BOOK 5 PAGES 15 THROUGH 19) LOT 3 BLOCK 3

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910102

Geography

  • Parcel: 1-27-33-35-0010-00030-0030
  • Block: 3
  • Lot: 3
  • Meridian: SEC 27 TWN 33S RNG 35E
  • Municipality: ST JOHNS
  • Latitude: 27.5707
  • Longitude: -80.8256

    Address

  • Full Address: 35479 Nw 4th Dr
  • Address - House Number: 35479
  • Street Direction: NW
  • Address - Street Name: 4th
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R002
  • 4-Digit Zip Code: 0146
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 672
  • Tax Year: 2022
  • Tax Amount: $152,307
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 020

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 87,741
  • High Value: 126,068
  • Low Value: 49,413

    Market Valuation

  • Market Total Value: $106,581
  • Market Land Value: $82,525
  • Market Improvement Value: $24,056

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,581
  • Assessed Land Value: $82,525
  • Assessed Improvements Value: $24,056

    Sales

  • Current Sale Contract Date: Nov 11, 2022
  • Current Sale Recording Date: Nov 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15059
  • Previous Sale Recording Date: Dec 16, 2002
  • Previous Sale Contract Date: Oct 03, 2002
  • Previous Sale Amount: $29,000
  • 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:

$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

Rentals Near You

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BEACHES

Listed by: Michelle Zahm
Compass Florida LLC
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10815002
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 35479 Northwest 4th Drive built and last sold?
The property at 35479 Northwest 4th Drive was built in 1988 and last sold on Nov 11, 2022 for $125,000.
How much is this home worth?
The estimated value of the home located at 35479 Northwest 4th Drive is $0.
What are some comparable homes to 35479 Northwest 4th Drive?
There are currently no comparable homes to 35479 Northwest 4th Drive.
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