$885,000
●
House -
Off Market
8446 NE 12th Lane
Okeechobee, FL 34974
4 Beds
3 Baths
2,833 Ft²
$991,775
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
RARE OPPORTUNITY to own over 45 scenic fenced acres in the heart of
Okeechobee...complete with a Beautifully renovated home! This
parcel sits on some of the areas highest elevation, just off
SR70 - close to town, Lake Okeechobee and several shooting clubs.
Enjoy country living and Ultimate Privacy + Serenity!
A gated entry and long drive leads to this 2007 built 4 Bedroom, 3
Bath home with office and 3 Car Garage. Design elements
include a 2019 Roof, new Porcelain tile floors throughout, a
chef's kitchen with quartz counters + new appliances.
Additional upgrades includes freshly painted interior, newly
renovated baths and closets. This grand and green ranch
property also includes a metal barn with cow pens and plenty of
room for cows and horses to roam. Enjoy ATV riding, nearby
golf, shooting or Florida's famed freshwater fishing area, Lake
Okeechobee. Located just 30 minutes from I-95 and less than
an hour from major airports, this spacious Florida ranch is MOVE IN
READY and offers an exquisite and private lifestyle!
Unit Size
2,833 Ft²
Days on Market
77 days
Land Size
45.82 acres
Price per sqft
$352
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
2007
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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 (Beaches MLS #R10849896)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2023 | Sold | ||
| Sold | |||
| Dec 4, 2022 | Listed by The Corcoran Group | $998,000 | |
| Listed by The Corcoran Group | |||
| Sep 24, 2022 | No longer available | - | |
| No longer available | |||
| Sep 1, 2022 | Listed by The Tucker Group, LLC | $1,125,000 | |
| Listed by The Tucker Group, LLC | |||
| | |||
|
Exceptional fully renovated 4Br/3Ba home + office with ideal open floor plan. Scenic views of its 45-acres from every room. Conveniently located just 30 min. from I-95 off of 70 East. Lush, scenic pastures. Land is fenced / cross fenced. Metal barn included with cattle pens. Built in 2007 with 2833 base sqft. and 4323 actual sqft. Freshly painted interior, brand new high-end porcelain flooring throughout, bright kitchen includes quartz countertops, under cabinet lighting, & new appliances. Large master bedroom and bath with his & hers closets, and ample newly customized closets and storage throughout the home. Pool and spa with large entertaining space and privacy wall. New roof 2019. Home is in close proximity to several local shooting clubs & Lake Okeechobee’s famous fresh water fishing! The manager has listed the unit size as 2833 square feet.
| |||
| Jul 19, 2021 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Okeechobee
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Listed by: Jennifer Hyland
The Corcoran Group
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10849896
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.
The Corcoran Group
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10849896
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