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Okeechobee 34974
959 SE 40th Avenue
$15,000
● Land - Off Market

959 SE 40th Avenue

Okeechobee, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$22,258
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Nice, cleared lot located in an excellent location in CONNERS GABLES. 7 other lots for sale in the same area. Ready for your home! No Hoa.
Unit Size
-
Days on Market
231 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
$9
HOA Dues
-
Year Built
-

Payment Calculator

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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: 6 months ago (Beaches MLS #R10640684)

Price History

Date / Event Date Event Price
May 17, 2023 Sold
Premium
Sold
Mar 31, 2023 Listed by Continental Properties, Inc. $359,900
Listed by Continental Properties, Inc.
Mar 10, 2021 Sold
Premium
Sold
Jul 22, 2020 Listed by Continental Properties, Inc. $17,900
Listed by Continental Properties, Inc.
Jul 8, 2004 Sold
Premium
Sold

Property Highlights

Garage

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: 8,319
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 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: CONNORS GABLES REVISED
  • Land Acres: 0000000191
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: A REVISED AND ADDITION TO PLAT OF CONNERS GABLES (PLAT BOOK 3 PAGE 15) LOT 6 LESS THE NORTH 63.00 FEET THEREOF & THE NORTH 66.00 FEET OF LOT 7 BLOCK 3

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910402

Geography

  • Parcel: 1-24-37-35-0010-00030-0070
  • Block: 3
  • Lot: 6
  • Meridian: SEC 24 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2354
  • Longitude: -80.788

    Address

  • Full Address: 959 Se 40th Ave
  • Address - House Number: 959
  • Street Direction: SE
  • Address - Street Name: 40th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R014
  • 4-Digit Zip Code: 3806
  • Zip Code: 34974

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $30,240
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $21,021
  • Market Land Value: $21,021

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,021
  • Assessed Land Value: $21,021

    Sales

  • Current Sale Contract Date: May 12, 2023
  • Current Sale Recording Date: May 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5907
  • Previous Sale Recording Date: Jul 08, 2004
  • Previous Sale Contract Date: Jun 30, 2004
  • Previous Sale Amount: $50,500
  • Previous Sale Document Type: 20
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

$220

Below Asking

0.03%

Average Days on Market

92

Average Home Size

1527 ft²

Average Home Age

25.3 years

Currently For Sale

180 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

Unit for rent at 3049 Se 38th Ave, Okeechobee, FL, 34974

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,494 ft²
3049 Se 38th Ave, Okeechobee, FL, 34974 Listing by Eric R Nathanson

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Quan Nickler
Continental Properties, Inc.
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10640684
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 959 Southeast 40th Avenue built and last sold?
The property at 959 Southeast 40th Avenue was built in and last sold on May 12, 2023 for $340,500.
How much is this home worth?
The estimated value of the home located at 959 Southeast 40th Avenue is $362,407.
What are some comparable homes to 959 Southeast 40th Avenue?
There are currently no comparable homes to 959 Southeast 40th Avenue.
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