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Okeechobee 34972
5000 NE 122nd Drive
$450,000
● House - Off Market

5000 NE 122nd Drive

Okeechobee, FL 34972
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,612 Ft²
$2,523
Est. Monthly

About This Property

This nicely upgraded unique 2 story sits on 2 acres with beautiful mature Oak trees and plenty of room for outside entertaining in a desirable neighborhood. Top floor offers 2 spare bedrooms, guest bathroom, upgraded kitchen open to living space. Bottom floor offers another living space and a master suite, laundry room and has hook up to make another kitchen.  Plenty of room to add a pool or a mother in law suite and enjoy Florida living. This property location makes for an easy commute to the coast. Close to shopping and restaurants whether in town or out.

Shed has valves to hook up to plumbing to make into a green home. Add a chicken coop and enjoy some country living. Endless possibilities.
Unit Size
1,612 Ft²
Days on Market
50 days
Land Size
2.00 acres
Price per sqft
$279
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1983

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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: 7 months ago (Beaches MLS #R10954744)

Price History

Date / Event Date Event Price
May 28, 2024 Sold
Premium
Sold
Jan 29, 2024 Listed by All Properties Realty Group $449,900
Listed by All Properties Realty Group
Apr 7, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 672
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,612
  • Gross Building Area: 1,612
  • Building Area: 1,612
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,612
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CROOKED CREEK PLANTATION
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: CROOKED CREEK PLANTATION UNIT I (PLAT BOOK 5 PAGES 77 & 78) LOT 7

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910101

Geography

  • Parcel: 1-35-36-36-0010-00000-0070
  • Lot: 7
  • Meridian: SEC 35 TWN 36S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2904
  • Longitude: -80.7057

    Address

  • Full Address: 5000 Ne 122nd Dr
  • Legal Unit: 1
  • Address - House Number: 5000
  • Street Direction: NE
  • Address - Street Name: 122nd
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R011
  • 4-Digit Zip Code: 9680
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 1,645
  • Tax Year: 2022
  • Tax Amount: $313,286
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 9
  • Final Value: 301,435
  • High Value: 438,530
  • Low Value: 164,339

    Market Valuation

  • Market Total Value: $268,191
  • Market Land Value: $86,000
  • Market Improvement Value: $182,191

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,191
  • Assessed Land Value: $86,000
  • Assessed Improvements Value: $182,191

    Sales

  • Current Sale Contract Date: Apr 01, 2003
  • Current Sale Recording Date: Apr 07, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

1591 ft²

Average Home Age

26.2 years

Currently For Sale

235 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

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Renee Box
All Properties Realty Group
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# R10954744
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 5000 Northeast 122nd Drive built and last sold?
The property at 5000 Northeast 122nd Drive was built in 1983 and last sold on Apr 1, 2003 for $86,900.
How much is this home worth?
The estimated value of the home located at 5000 Northeast 122nd Drive is $0.
What are some comparable homes to 5000 Northeast 122nd Drive?
There are currently no comparable homes to 5000 Northeast 122nd Drive.
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