$50,000
●
Land -
Off Market
7550 SW Conners Highway
Okeechobee, FL 34974
Studio
0 Bath
$76,728
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
Approximately 2 acres located directly on the Rim Canal off of Lake
Okeechobee offering access to the lake. It appears from
aerial pictures that the majority of the property is buildable.
This land may be closer to Okeechobee than to Indiantown.
Not too far from the Myacca Polo Fields, as well as, a very
popular fishing camp offering camping sites, restaurant/bar and
other recreational activities. For those loving the outdoors
& privacy in the country, this is heaven. Easy access to Lake
Okeechobee which is the largest fresh water lake in the state of
Florida. Hunting & fishing opportunities galore. Easy
access south to Palm Beach County, east to Indiantown & Palm City.
Unit Size
-
Days on Market
42 days
Land Size
1.99 acres
Price per sqft
-
Property Type
Land
Property Taxes
$33
HOA Dues
-
Year Built
-
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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: 3 months ago (MCRTC #M20010552)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$155,000
↓ $10K
(6.1%) | |
| Price Decreased | |||
| Jun 8, 2025 | Listed by The Tucker Group, LLC | $165,000 | |
| Listed by The Tucker Group, LLC | |||
| | |||
|
Picturesque vacant rim canal 2+/- acre lot with access to Lake Okeechobee in Martin County provides privacy and nature with modern conveniences—a tranquil, buildable canvas with direct water access. Whether envisioning a weekend getaway or a custom lakeside home, it delivers the quintessential “Old Florida” lifestyle with versatility: river cruising to both coasts, fishing from your dock, sunset views, hiking, and even equestrian activities nearby. Water Access includes a dock-approved canal frontage and quick lock access into Lake?Okeechobee, leading to both the Atlantic Ocean and Gulf of Mexico via the Okeechobee Waterway
| |||
| Nov 19, 2021 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Martin
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Listed by: Stephen Dutcher, Illustrated Properties LLC / Sewalls Point
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20010552
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20010552
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.
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