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Okeechobee 34972
8643 48th Street NE
$775,000
● House - Off Market

8643 48th Street NE

Okeechobee, FL 34972
bedrooms
5 Beds
bathrooms
4 Baths
square feet
6,509 Ft²
$818,468
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

42x70 pole barn, covered outdoor kitchen area, 5 bd 4 bath 6.5 acres,  New AC and water system.  Well maintained
Unit Size
6,509 Ft²
Days on Market
71 days
Land Size
6.66 acres
Price per sqft
$123
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 10 months ago (Beaches MLS #R10796213)

Price History

Date / Event Date Event Price
Jul 11, 2022 Sold
Premium
Sold
May 1, 2022 Listed by Lehmann Realty Inc. $800,000
Listed by Lehmann Realty Inc.
Apr 10, 2015 Sold
Premium
Sold
Jan 17, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 290,109
  • Total Building Area: 6,509
  • Gross Building Area: 6,509
  • Building Area: 6,509
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 6,509
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OKEECHOBEE COUNTY
  • Land Acres: 0000006660
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: A PARCEL OF LAND LYING IN AND BEING A PORTION OF SECTION 33, TOWNSHIP 36 SOUTH, RANGE 36 EAST, OKEECHOBEE COUNTY, FLORIDA, SAID PARCEL IS THE SUM TOTAL OF THE LANDS AS DESCRIBED IN OFFICIAL RECORDS BOOK 646, PAGE 1933, AND OFFICIAL RECORDS BOOK 698,

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910101

Geography

  • Parcel: 1-33-36-36-0A00-00003-B000
  • Meridian: SEC 33 TWN 36S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2892
  • Longitude: -80.74

    Address

  • Full Address: 8643 Ne 48th St
  • Address - House Number: 8643
  • Street Direction: NE
  • Address - Street Name: 48th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R011
  • 4-Digit Zip Code: 8108
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 6,791
  • Tax Year: 2022
  • Tax Amount: $404,841
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.2731
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 60
  • Final Value: 766,816
  • High Value: 976,242
  • Low Value: 557,390

    Market Valuation

  • Market Total Value: $596,575
  • Market Land Value: $156,520
  • Market Improvement Value: $440,055

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $596,575
  • Assessed Land Value: $156,520
  • Assessed Improvements Value: $440,055

    Sales

  • Current Sale Contract Date: Jul 11, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9430
  • Previous Sale Recording Date: Apr 10, 2015
  • Previous Sale Contract Date: Apr 09, 2015
  • Previous Sale Amount: $450,000
  • 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 Okeechobee

Stats & Trends

Median Asking:

$336,450

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

93

Average Home Size

1483 ft²

Average Home Age

25.6 years

Currently For Sale

187 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

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BEACHES

Listed by: Kurt George Lehmann
Lehmann Realty Inc.
Last Updated: 10 months ago
Data Source: Beaches MLS, MLS# R10796213
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 8643 Northeast 48th Street built and last sold?
The property at 8643 Northeast 48th Street was built in 2002 and last sold on Jul 11, 2022 for $775,000.
How much is this home worth?
The estimated value of the home located at 8643 Northeast 48th Street is $0.
What are some comparable homes to 8643 Northeast 48th Street?
There are currently no comparable homes to 8643 Northeast 48th Street.
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