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Yeehaw Junction 34972 Central Acres
5700 CYPRESS DRIVE
$130,000
● House - Off Market

5700 CYPRESS DRIVE

OKEECHOBEE, FL 34972
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,460 Ft²
$794
Est. Monthly

About This Property

Investor special!! Rare single-family opportunity in the area. Situated on an expansive 3.08-acre lot, offering a wide-open backyard with endless potential and no HOA restrictions. Vacant and ready for immediate renovation. Property features a 3-car carport. Zoned for Harmony Community School (A-rated).
Unit Size
1,460 Ft²
Days on Market
53 days
Land Size
3.08 acres
Price per sqft
$89
Property Type
House
Property Taxes
$156
HOA Dues
-
Year Built
1983

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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 (Stellar MLS #TB8457709)

Price History

Date / Event Date Event Price
Feb 10, 2026 Sold
Premium
Sold
Dec 30, 2025 In contract -
In contract
Dec 21, 2025 In contract -
In contract
Dec 18, 2025 Listed by PALLADIUM INVESTMENTS INC $129,900
Listed by PALLADIUM INVESTMENTS INC

Property Highlights

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: 2
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 25
  • Exterior Walls Type: 28
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 120
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 134,034
  • Lot Size Depth Feet: 5,150
  • Lot Size Frontage Feet: 2,600
  • Total Building Area: 1,460
  • Gross Building Area: 1,604
  • Building Area: 1,460
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,460
  • 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: 0000003077
  • 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 124, 125

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: 13-32-34-2790-0001-1250
  • Block: 1250
  • Lot: 125
  • Meridian: SEC 13 TWN 32S RNG 34E
  • Municipality: ST JOHNS RIVER WATER MNGMNT
  • Latitude: 27.6972
  • Longitude: -80.8768

    Address

  • Full Address: 5700 Cypress Dr
  • Address - House Number: 5700
  • Address - Street Name: Cypress
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R002
  • 4-Digit Zip Code: 9131
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 1,604
  • Tax Year: 2022
  • Tax Amount: $102,029
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 314

    Appraisal Valuation

  • Standard Deviation: 0.1013
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 90
  • Final Value: 186,017
  • High Value: 204,869
  • Low Value: 167,165

    Market Valuation

  • Market Total Value: $75,900
  • Market Land Value: $18,000
  • Market Improvement Value: $57,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,321
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

51

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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STELLAR

Listed by: Adrian Rodriguez
PALLADIUM INVESTMENTS INC
Last Updated: 8 months ago
Data Source: Stellar MLS, MLS# TB8457709
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 5700 Cypress Drive built and last sold?
The property at 5700 Cypress Drive was built in 1983 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5700 Cypress Drive is $131,199.
What are some comparable homes to 5700 Cypress Drive?
There are currently no comparable homes to 5700 Cypress Drive.
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