Excellent income-producing property with multi-family zoning and significant room for expansion! Currently generating $72,000/year in income with a 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!
Sold for $540,000
$540,000
5806 US Highway 441, Okeechobee, FL 34974
6beds
3,410sqft
Single Family Residence
Built in 1997
1.17 Acres Lot
$527,200 Zestimate®
$158/sqft
$4,349 Estimated rent
Home value
$527,200
Estimated sales range
Not available
$4,349/mo
Zestimate® history
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$3,563/mo
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Zillow last checked:
Listing updated:
Listed by:
Hector Vidaurre 954-253-1943,
RE/MAX Select Group
Bought with:
Malena E. Lopez, 604515
Illustrated Properties LLC (Co
Malena E. Lopez, 604515
Illustrated Properties LLC (Co
Source: BeachesMLS,MLS#: F10528626
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 6
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Range, Gas Range, Oven, Refrigerator, Water Softener, Water Heater, Water Purifier, Washer
Features
- Other
- Flooring: Tile
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,410 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
- Details: CarportSpaces:0.00
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch, Balcony
- Exterior features: Balcony, Other
- On waterfront: Yes
- Waterfront features: Canal Access, Canal Front, Other
- Frontage type: Waterfront
- Frontage length: 175.00,175.00
Lot
- Size: 1.17 Acres
- Dimensions: 51000
- Features: Item12Acres
Details
- Parcel number: R10638360A0000008A000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 1997
Community & HOA
Community
- Features: Boat Facilities
- Subdivision: Okeechobee
HOA
- Has HOA: No
- Amenities included: Boating, Boat Dock
Location
- Region: Okeechobee
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $400,692
- Annual tax amount: $6,877
- Date on market: 9/24/2025
- Cumulative days on market: 50 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $540,000-4.9%$158/sqft |
Source:  BeachesMLS #F10528626 Report a problem | ||
| 12/13/2025 | Pending sale | $568,000$167/sqft |
Source: BeachesMLS #F10528626 Report a problem | ||
| 11/12/2025 | Price change | $568,000-1.7%$167/sqft |
Source: BeachesMLS #F10528626 Report a problem | ||
| 9/26/2025 | Listed for sale | $578,000-2.9%$170/sqft |
Source: BeachesMLS #F10528626 Report a problem | ||
| 9/21/2025 | Listing removed | $595,000$174/sqft |
Source:  Stellar MLS #OK223592 Report a problem | ||
| 6/4/2025 | Price change | $595,000+6.3%$174/sqft |
Source: Stellar MLS #OK223592 Report a problem | ||
| 12/3/2024 | Price change | $560,000-8.2%$164/sqft |
Source: Stellar MLS #OK223592 Report a problem | ||
| 7/23/2024 | Price change | $610,000+4.3%$179/sqft |
Source: Stellar MLS #OK223592 Report a problem | ||
| 12/21/2023 | Listed for sale | $585,000$172/sqft |
Source: Stellar MLS #OK223592 Report a problem | ||
| 12/1/2023 | Listing removed | -- |
Source: BeachesMLS #F10390115 Report a problem | ||
| 10/24/2023 | Price change | $585,000-20.4%$172/sqft |
Source: BeachesMLS #F10390115 Report a problem | ||
| 10/11/2023 | Price change | $735,000+5.8%$216/sqft |
Source: BeachesMLS #F10390115 Report a problem | ||
| 9/21/2023 | Listed for sale | $695,000$204/sqft |
Source: BeachesMLS #F10390115 Report a problem | ||
| 9/14/2023 | Contingent | $695,000$204/sqft |
Source: BeachesMLS #F10390115 Report a problem | ||
| 8/24/2023 | Price change | $695,000-7.9%$204/sqft |
Source: BeachesMLS #F10390115 Report a problem | ||
| 7/31/2023 | Price change | $755,000-14.7%$221/sqft |
Source: BeachesMLS #F10390115 Report a problem | ||
| 7/21/2023 | Listed for sale | $885,000+190.2%$260/sqft |
Source: BeachesMLS #F10390115 Report a problem | ||
| 2/7/2022 | Sold | $305,000+45.2%$89/sqft |
Source: Public Record Report a problem | ||
| 6/9/2003 | Sold | $210,000+12.4%$62/sqft |
Source: Public Record Report a problem | ||
| 2/16/1998 | Sold | $186,900$55/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,922 +0.6% | $400,449 -0.1% |
| 2024 | $6,877 +2.6% | $400,692 +3% |
| 2023 | $6,702 +38.5% | $389,175 +26.6% |
| 2022 | $4,838 +83.9% | $307,457 +60.7% |
| 2021 | $2,631 +2.5% | $191,365 +3.6% |
| 2020 | $2,567 | $184,751 +3.1% |
| 2019 | $2,567 +10.5% | $179,232 +8.6% |
| 2018 | $2,323 | $165,090 +2.1% |
| 2017 | -- | $161,694 +2.1% |
| 2016 | $2,280 | $158,368 +0.7% |
| 2015 | $2,280 -2.9% | $157,267 +0.8% |
| 2014 | $2,348 | $156,019 +1.5% |
| 2013 | -- | $153,713 +1.7% |
| 2012 | -- | $151,144 -8.3% |
| 2011 | -- | $164,885 +1.5% |
| 2010 | -- | $162,448 -23.6% |
| 2009 | -- | $212,706 -4.7% |
| 2008 | -- | $223,159 +3% |
| 2007 | -- | $216,659 +2.5% |
| 2006 | -- | $211,375 -0.2% |
| 2005 | -- | $211,898 -6.5% |
| 2004 | -- | $226,530 +40.8% |
| 2003 | -- | $160,911 +2.4% |
| 2002 | -- | $157,140 +1.6% |
| 2001 | -- | $154,665 +3% |
| 2000 | -- | $150,160 |
Find assessor info on the county website
Neighborhood: 34974
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Nearby schools
GreatSchools rating
- 3/10Everglades Elementary SchoolGrades: K-5Distance: 3 mi
- 3/10Osceola Middle SchoolGrades: 6-8Distance: 4.5 mi
- 3/10Okeechobee High SchoolGrades: 9-12Distance: 6 mi
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- Florida
- Okeechobee County
- Okeechobee
- 34974
- 5806 US Highway 441
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