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Yeehaw Junction 34972 Central Acres
5675 Magnolia Court
$390,000
● House - Off Market

5675 Magnolia Court

Okeechobee, FL 34972
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,561 Ft²
$2,425
Est. Monthly

About This Property

This Rare Gem offers some True Florida Living with Natural Mature Landscape and Serenity! Sitting on just under 5 acres this property has endless potential to have all the Toys and Animals. The home has been recently painted and Brand new Roof installed.  Entering the home you have a Delightful open floor plan with a separate living and dining area that is overlooked by the Open kitchen Space.   The Spacious master is boosted with a deluxe master bath that includes a large walk in shower and dual sinks.  Imagine Sitting on your large extended back porch enjoying the natural flowing creek and sounds of Nature.  This truly one of kind home wont last long!
Unit Size
1,561 Ft²
Days on Market
52 days
Land Size
4.86 acres
Price per sqft
$269
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
2008

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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: 8 months ago (Beaches MLS #R10993160)

Price History

Date / Event Date Event Price
Jul 26, 2024 Sold
Premium
Sold
Jun 3, 2024 Listed by Bradley & Associates Real Est $419,900
Listed by Bradley & Associates Real Est
Jan 23, 2024 Sold
Premium
Sold
Jul 7, 2005 Sold
Premium
Sold
Jun 16, 1999 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 212,006
  • Lot Size Depth Feet: 3,750
  • Lot Size Frontage Feet: 5,950
  • Total Building Area: 2,090
  • Gross Building Area: 2,374
  • Building Area: 1,561
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,561
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTRAL ACRES SECTION 3
  • Land Acres: 0000004867
  • Standard Land Use Code: 1001
  • County Land Use Code: 0111
  • State Land Use Code: 0111
  • Legal Description 1: CENTRAL ACRES SEC 3 PB 2 PG 008 LOTS 86 THRU 88

Neighborhood

  • School District Name: Osceola County School District
  • Census Tract: 043802

Zoning

  • Zoning: R-1M

Geography

  • Assessors Map Reference: 69
  • Subdivision Tract Number: 2790
  • Parcel: 13-32-34-2790-0001-0880
  • Block: 880
  • Lot: 88
  • Meridian: SEC 13 TWN 32S RNG 34E
  • Municipality: ST JOHNS RIVER WATER MNGMNT
  • Latitude: 27.6988
  • Longitude: -80.8789

    Address

  • Full Address: 5675 Magnolia Ct
  • Address - House Number: 5675
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R002
  • 4-Digit Zip Code: 9126
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 2,374
  • Tax Year: 2022
  • Tax Amount: $386,278
  • Tax Rate Code Area: 314

    Appraisal Valuation

  • Standard Deviation: 0.1013
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 90
  • Final Value: 559,718
  • High Value: 616,443
  • Low Value: 502,994

    Market Valuation

  • Market Total Value: $235,700
  • Market Land Value: $28,600
  • Market Improvement Value: $207,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $235,700
  • Assessed Land Value: $28,600
  • Assessed Improvements Value: $207,100

    Sales

  • Current Sale Contract Date: Jan 10, 2024
  • Current Sale Recording Date: Jan 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9560
  • Previous Sale Recording Date: Jul 07, 2005
  • Previous Sale Contract Date: Jun 20, 2005
  • Previous Sale Amount: $95,000
  • 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 Central Acres

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$174

Above Asking

0.00%

Average Days on Market

80

Average Home Size

1403 ft²

Average Home Age

41 years

Currently For Sale

0 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

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BEACHES

Listed by: Joshua Bradley
Bradley & Associates Real Est
Last Updated: 8 months ago
Data Source: Beaches MLS, MLS# R10993160
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 5675 Magnolia Court built and last sold?
The property at 5675 Magnolia Court was built in 2008 and last sold on Jan 10, 2024 for $139,900.
How much is this home worth?
The estimated value of the home located at 5675 Magnolia Court is $424,099.
What are some comparable homes to 5675 Magnolia Court?
There are currently no comparable homes to 5675 Magnolia Court.
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