5806 US Highway 441, Okeechobee FL 34974
1997
Year Built
50
Days on Market
Description
Excellent income-producing property with multi-family zoning and significant room for expansion! Currently generating $72,000/year in income with a Net Operating Income (NOI) of $59,000, this property boasts a Cap Rate of over 10%—a rare find! The property includes a single-family home plus two additional separate rental buildings and RV spaces, all sitting on over an acre of waterfront land along the Taylor Creek Canal with direct access to Lake Okeechobee and the ocean. Recent upgrades include a new electric system, new well, and a 15-year silicone-coated roof for low-maintenance durability. Whether you're looking for a solid investment opportunity or a primary residence with income potential, this property checks all the boxes. Don’t miss out!
Facts
- MLS#
- F10528339
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Multi Family
- Year Built
- 1997
- Lot Size
- 51,004 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 50 days
- Listed
- Sep 24, 2025
- Last Updated
- Jun 9, 2026
- Price/Lot Sq.Ft.
- $11/ft²
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7866 Hwy 441, Okeechobee FL 34974
Market insights for Okeechobee
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
31
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 6/9/2026 | Sold | $568,000 |
| 11/12/2025 | Price change | $568,000-1.7% |
| 9/24/2025 | Listed for sale | $578,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Somerset Academy Canyons High School9,10,11,12 · charter · 1.8 mi
- Somerset Academy Canyons Middle School
6,7,8 · charter · 1.8 mi
- Sunset Palms Elementary School
PK,KG,1,2,3,4,5 · public · 2.1 mi
- West Boynton Middle School
6,7,8 · public · 2.2 mi
- Palm Beach School For Autism
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · charter · 2.5 mi
- Manatee Elementary School
PK,KG,1,2,3,4,5 · public · 2.8 mi
- Ben Gamla-Palm Beach
KG,1,2,3,4,5 · charter · 2.8 mi
- Christa McAuliffe Middle School
6,7,8 · public · 2.9 mi
- Park Vista Community High School
9,10,11,12 · public · 3.0 mi
- Coral Reef Elementary School
PK,KG,1,2,3,4,5 · public · 3.0 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$3,646/mo
Principal & Interest
$3,023
Property Tax
$473
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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