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Okeechobee 34974
4196 SW 11TH WAY
$75,000
● Land - Off Market

4196 SW 11TH WAY

OKEECHOBEE, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$545
Est. Monthly
28.66%
Cap Rate

About This Property

~Ousley Estates~ .998 Acre in Ousley Estates- at the end on the cud de sac. 2 car garage (needs roof) Lots of concrete. City water & Sewer. Electric Box hookup. Private and is located on a little lake.(Not accessible to Lake O) Diamond in the rough! All measurements are approximate.
Unit Size
-
Days on Market
108 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$80
HOA Dues
-
Year Built
1994

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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: 10 months ago (Stellar MLS #OK225588)

Price History

Date / Event Date Event Price
Dec 31, 2025 Sold
Premium
Sold
Dec 10, 2025 In contract -
In contract
Sep 13, 2025 Listed by LAKE O REAL ESTATE, LLC $94,500
Listed by LAKE O REAL ESTATE, LLC
May 10, 2013 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,472
  • Total Building Area: 936
  • Gross Building Area: 1,308
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 14
  • Heated Square Feet: 936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OUSLEY ESTATES
  • Land Acres: 0000000998
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: OUSLEY ESTATES (PLAT BOOK 5 PAGES 36 & 37) LOT 59

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910601

Geography

  • Parcel: 1-33-37-35-0010-00000-0059
  • Lot: 59
  • Meridian: SEC 33 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2055
  • Longitude: -80.8403

    Address

  • Full Address: 4196 Sw 11th Way
  • Address - House Number: 4196
  • Street Direction: SW
  • Address - Street Name: 11th
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C013
  • 4-Digit Zip Code: 6031
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 936
  • Tax Year: 2022
  • Tax Amount: $79,834
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.2343
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 67
  • Final Value: 99,007
  • High Value: 122,212
  • Low Value: 75,803

    Market Valuation

  • Market Total Value: $63,096
  • Market Land Value: $55,000
  • Market Improvement Value: $8,096

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,096
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $8,096

    Sales

  • Current Sale Contract Date: May 08, 2013
  • Current Sale Recording Date: May 10, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013004714
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

$222

Below Asking

0.03%

Average Days on Market

79

Average Home Size

1570 ft²

Average Home Age

27.3 years

Currently For Sale

246 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

Unit for rent at 704 Sw 6th Street, Okeechobee, FL, 34974

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
704 Sw 6th Street, Okeechobee, FL, 34974 Listing by Michael J Johnston

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Jody Carter
LAKE O REAL ESTATE, LLC
Last Updated: 10 months ago
Data Source: Stellar MLS, MLS# OK225588
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.

Frequently Asked Questions

When was property at 4196 Southwest 11th Way built and last sold?
The property at 4196 Southwest 11th Way was built in 1994 and last sold on May 8, 2013 for $20,000.
How much is this home worth?
The estimated value of the home located at 4196 Southwest 11th Way is $0.
What are some comparable homes to 4196 Southwest 11th Way?
There are currently no comparable homes to 4196 Southwest 11th Way.
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