$150,000
●
Land -
Off Market
3604 SW 7th PATH W #187
OKEECHOBEE, FL 34974
Studio
0 Bath
$1,211
Est. Monthly
$261
HOA / Fees
14.58%
Cap Rate
About This Property
Property Overview:
Nestled on a generously sized 6,000+ sq. ft. lot overlooking a stunning 16-acre nature preserve, this property offers breathtaking sunrise and sunset views.
The lot is paved, features a retaining wall, and is already stubbed for water, sewer, and electric-perfect for future enhancements like a tiki hut or casita. This is the largest site available, and it's priced below market value for an incredible opportunity.
Enjoy access to 10 pickleball courts, daily activities led by a full-time activity director, and resort-style amenities, including a poolside bar and grill. There's so much more waiting for you at Silver Palms!
Nestled on a generously sized 6,000+ sq. ft. lot overlooking a stunning 16-acre nature preserve, this property offers breathtaking sunrise and sunset views.
The lot is paved, features a retaining wall, and is already stubbed for water, sewer, and electric-perfect for future enhancements like a tiki hut or casita. This is the largest site available, and it's priced below market value for an incredible opportunity.
Enjoy access to 10 pickleball courts, daily activities led by a full-time activity director, and resort-style amenities, including a poolside bar and grill. There's so much more waiting for you at Silver Palms!
Unit Size
-
Days on Market
446 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$165
HOA Dues
$261
Year Built
-
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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: 2 years ago (Stellar MLS #OK223392)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 21, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Price Decreased |
$159,900
↓ $39K
(19.7%) | |
| Price Decreased | |||
| Apr 4, 2024 | Relisted | $199,000 | |
| Relisted | |||
| Apr 1, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Features: Cul-De-Sac, Oversized Lot, Private, Street Lights
Lot Size Area: 6548
Lot Size Units: Square Feet
Lot Size Acres: 0.15
Lot Size Square Feet: 6548
Lot Size Dimensions: 133 x 61
Tax Lot: 187
Water Source: Public
Financial Details
Tax Annual Amount: $1,975
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Community Pool, Maintenance Grounds, Other, Sewer, Trash, Water
HOA/Condo/Coop Amenities: Clubhouse, Fitness Center, Gated, Laundry, Other, Park, Shuffleboard Court, Spa/Hot Tub, Storage
HOA Fee: $261
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/02/2023
|
Loft
|
-
|
-
|
$239,000
Loft
-
|
$150,000
-37.24%
01/21/2025
|
Vicki Anderson
Anderson Realty
|
Building Info
About Okeechobee
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Listed by: Vicki Anderson
ANDERSON REALTY
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OK223392
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
ANDERSON REALTY
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OK223392
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Address: 335 Madison Avenue, New York, NY 10017