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Okeechobee 34974
694 SW 86th Terrace
Photo of 694 SW 86th Terrace
Sold on Feb 19, 2026

2

Map

Photo of 694 SW 86th Terrace
$72,000
● Land - Off Market

694 SW 86th Terrace

Okeechobee, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$421
Est. Monthly
$25
HOA / Fees

About This Property

Great 1/2 Acre Corner Lot In Okeechobee.  Build your dream home!!
Unit Size
-
Days on Market
188 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$52
HOA Dues
$25
Year Built
-

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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 #R11115986)

Price History

Date / Event Date Event Price
Feb 19, 2026 Sold
Premium
Sold
Sep 21, 2025 In contract -
In contract
Aug 15, 2025 Listed by NextHome Treasure Coast $69,900
Listed by NextHome Treasure Coast
Feb 2, 2023 No longer available -
No longer available
Oct 25, 2022 Listed by Charles Rutenberg Realty Fort Lauderdale $45,000
Listed by Charles Rutenberg Realty Fort Lauderdale
Excelent location , clean lot , 1/2 acre ready to build ypur Dream Home in a Great Private Community Close to High ways and the City
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: EDGEWATER ACRES
  • Land Acres: 0000000500
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: EDGEWATER ACRES (PLAT BOOK 7 PAGES 59 & 60) LOT 17

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910602

Geography

  • Parcel: 1-22-37-34-0080-00000-0170
  • Lot: 17
  • Meridian: SEC 22 TWN 37S RNG 34E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2374
  • Longitude: -80.9157

    Address

  • Full Address: 694 Sw 86th Ter
  • Address - House Number: 694
  • Street Direction: SW
  • Address - Street Name: 86th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R013
  • 4-Digit Zip Code: 1534
  • Zip Code: 34974

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,042
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $32,000
  • Market Land Value: $32,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $32,000

    Sales

  • Current Sale Contract Date: Jun 13, 2022
  • Current Sale Recording Date: Jul 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9014
  • Previous Sale Recording Date: Oct 14, 2005
  • Previous Sale Contract Date: Sep 22, 2005
  • 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 Okeechobee

Stats & Trends

Median Asking:

$338,500

Sale Price/ft²

$223

Below Asking

0.03%

Average Days on Market

94

Average Home Size

1494 ft²

Average Home Age

25.5 years

Currently For Sale

193 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: Bruce Wallace PA
NextHome Treasure Coast
Last Updated: 8 months ago
Data Source: Beaches MLS, MLS# R11115986
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 694 Southwest 86th Terrace built and last sold?
The property at 694 Southwest 86th Terrace was built in and last sold on Jun 13, 2022 for $64,000.
How much is this home worth?
The estimated value of the home located at 694 Southwest 86th Terrace is $0.
What are some comparable homes to 694 Southwest 86th Terrace?
There are currently no comparable homes to 694 Southwest 86th Terrace.
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