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Okeechobee 34972
980 NE 342nd Trail
$80,000
● Land - Off Market

980 NE 342nd Trail

Okeechobee, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$124,651
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

5.27 acres situated in the popular Lake Montaza Estates. This property is located in a rural ranchette community known for its serene and peaceful location!  Property is home to cypress and oak trees and has a great area to have a trailer or build your own single family home!  Beautiful creek on the property!  Home to a lot of wildlife including birds, squirrels, rabbits, wild turkeys, deer and wild pigs!  Paved roads. No HOA!  Come enjoy peaceful country living in Okeechobee County!
Unit Size
-
Days on Market
211 days
Land Size
5.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
$51
HOA Dues
-
Year Built
-

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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: 9 months ago (Beaches MLS #R10584726)

Price History

Date / Event Date Event Price
Jul 13, 2020 Sold
Premium
Sold
Dec 7, 2019 Listed by Sandals Realty Group, Inc. $89,900
Listed by Sandals Realty Group, Inc.
Jul 8, 1996 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • 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: 229,561
  • 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: R
  • Subdivision: LAKE MONTAZA ESTATES SECTION
  • Land Acres: 0000005270
  • Standard Land Use Code: 1001
  • County Land Use Code: 000007
  • State Land Use Code: 00
  • Legal Description 1: LAKE MONTAZA ESTATES SECTION SIX (PLAT BOOK 5 PAGE 61) LOT 3 BLOCK 10

Neighborhood

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

Geography

  • Parcel: 1-27-33-35-0060-00100-0030
  • Block: 10
  • Lot: 3
  • Meridian: SEC 27 TWN 33S RNG 35E
  • Municipality: ST JOHNS
  • Latitude: 27.5661
  • Longitude: -80.816

    Address

  • Full Address: 980 Ne 342nd Trl
  • Address - House Number: 980
  • Street Direction: NE
  • Address - Street Name: 342nd
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $86,422
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 020

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 39,463
  • High Value: 56,701
  • Low Value: 22,224

    Market Valuation

  • Market Total Value: $81,676
  • Market Land Value: $79,305
  • Market Improvement Value: $2,371

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,676
  • Assessed Land Value: $79,305
  • Assessed Improvements Value: $2,371

    Sales

  • Current Sale Contract Date: Jul 09, 2020
  • Current Sale Recording Date: Jul 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020006545
  • Previous Sale Recording Date: Jul 08, 1996
  • Previous Sale Contract Date: Jul 03, 1996
  • Previous Sale Amount: $15,000
  • 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:

$335,000

Sale Price/ft²

$220

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1591 ft²

Average Home Age

26.2 years

Currently For Sale

235 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: Amanda R Glass
Sandals Realty Group, Inc.
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R10584726
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 980 Northeast 342nd Trail built and last sold?
The property at 980 Northeast 342nd Trail was built in and last sold on Jul 9, 2020 for $80,000.
How much is this home worth?
The estimated value of the home located at 980 Northeast 342nd Trail is $90,799.
What are some comparable homes to 980 Northeast 342nd Trail?
There are currently no comparable homes to 980 Northeast 342nd Trail.
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