Okeechobee, FL Homes for Sale between $1,000,000 to $20,000,000

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Okeechobee, FL Homes for Sale Between $1,000,000 to $20,000,000

8791 Highway 78, Okeechobee
$9,995,000
F10503959 MLS
VALUE ADD | Okeechobee | Four mobile home parks (175 units) in very close proximity to one another with 2 parks being contiguous and represents 123 pads. There is a positive appetite to acquire mobile home parks in Okeechobee driven by several compelling market dynamics: Affordable Housing Demand, Interest in Stable, Cash-Flowing Assets, Local Market Appeal and Low Operational Costs. THE PARKS A) Cloverport Mobile Home Park/28 Units; 7650 Highway 78 W. B) Dew Drop Mobile Home Park/57 Pads; 8791 Highway 78 W. C) Okeechobee Lake Mobile Home Park/66 Pads; 8951 Highway 78 W. D) Palm Drive Trailer Park/ 24 Pads; 3307 and 3611 SE 36th Ave. DOWNLOAD the Offer Memorandum for salient data including individual park descriptions, rent rolls and income & expense. Highlights of the individual Parks:Cloverport Mobile Home Park; 7650 Highway 78 W. OkeechobeeCloverport Mobile Home Park is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee (2.7 miles) with its dining and shopping, & less than 6 miles from the up-and-coming Bass Pro Resort at 10430 W Highway 78.Cloverport Mobile Home Park is a 27 lot/pad and one CBS studio apartment complex with laundry facilities rented on an annual basis. And sits on over 2.5 acres, with three entrances, sub-metered public water & septic. 6 units are park owned, 15 units are tenants owned (lot rent only), 1 unit is financed and there are 6 vacant pads. Water expense is passed through to the tenant's owner mobile homes. There are 5 brand 560 SF new mobile one bedroom/one bath homes recently delivered and installed, estimated to rent for $1200 per month. The value-add lies in leasing the 6 vacant pads or installing new MH's at a cost of approx. $58,000 per unit providing a 9.5%-10% cap rate with an investment estimated at $348,000.Dew Drop Mobile Home Park; 8791 Highway 78 W., Okeechobee The Dew Drop Mobile Home Park sits on 3.9 acres and contains 57 pads with one folio. The park consists of lot rents only as each mobile home is tenant owned.The MHP is less than 5 miles to the central Business district of downtown OkeechobeeOkeechobee Lake Mobile Home Park; 8951 Highway 78 W., OkeechobeeOkeechobee Lake Mobile Home Park contains 66 pads (lot rent only)This park is contiguous to Dew Drop Mobile Home Park and together they have a combined 126 pads. The park consists of lot rents only as each mobile home is tenant owned.The MHP is less than 5 miles to the central Business district of downtown OkeechobeeThe park has one folio numberPalm Drive Trailer Park; 3307 and 3611 SE 36th Ave; OkeechobeeThe property possesses two folio numbers and is situated on a canal with access to Lake Okeechobee. The park has 24 pads and collects rent for lot rent only.

8791 Highway 78, Okeechobee

26209 SW Jockeys Run, Okeechobee
$4,925,000
4 Beds ⋅ 4 Baths ⋅ R11119244 MLS ⋅ Martin County Ranches BLDG.
SHOWINGS Including OPEN HOUSE By APPOINTMENT Perfectly priced and exceptionally rare, MARTIN MANOR presents an extraordinary opportunity to own a magnificent English country estate set upon 20 acres of highly coveted Martin County countryside. Nestled within the exclusive Martin County Ranches along the scenic Martin Grade Highway, this distinguished residence blends the timeless elegance of an English manor with the warmth of New England architecture. Soaring ceilings, two fireplaces, a light-filled great room, French doors, expansive wrap-around verandas, retractable screens, UV awnings, and a luxurious primary suite with private outdoor access are complemented by miles of community bridle trails, paved roads, underground utilities, and fiber-optic internet. Martin Manor Martin Manor represents one of the most distinguished residences within Martin County Ranches. Set upon approximately 20.11 acres of beautifully maintained countryside, the estate combines the enduring elegance of an English country manor with the warmth and timeless character of New England architecture. Completed in 2023, the residence was thoughtfully designed to provide both gracious everyday living and exceptional entertaining. Soaring ceilings, abundant natural light, two fireplaces, expansive gathering spaces, French doors, and wrap-around verandas create an atmosphere that is both sophisticated and inviting. Retractable screens, UV awnings, and seamless indoor-outdoor living further enhance the home's comfort throughout the seasons. The private primary suite serves as a peaceful retreat, offering direct outdoor access and tranquil views across the surrounding landscape. A sparkling pool and spa, mature trees, open pastures, and a picturesque pond complete a setting that celebrates the beauty of Florida's countryside. Equestrians and outdoor enthusiasts alike will appreciate the estate's exceptional flexibility. The expansive acreage provides abundant room for future barns, riding arenas, guest accommodations, recreational facilities, RV garages, equipment storage, or other custom improvements, subject to applicable approvals and regulations. Whether envisioned as a private family estate, an equestrian retreat, or a legacy property to be enjoyed for generations, Martin Manor offers remarkable versatility. Properties of this caliber are seldom available. Combining refined architecture, modern construction, exceptional privacy, and one of the finest settings within Martin County Ranches, Martin Manor offers a rare opportunity to acquire an estate of enduring quality in one of Florida's premier luxury equestrian communities. I would make one additional refinement to the entire supplemental remarks. Rather than describing the community first, I would begin with Martin Manor, then transition into Martin County Ranches, and conclude by explaining why the community is so highly regarded. This mirrors the structure used in luxury property brochures: the estate first, the lifestyle second, and the location third. It keeps the buyer emotionally connected to the property while reinforcing its setting and long-term value. I believe that sequence is even more compelling for a $4,925 million estate.

26209 SW Jockeys Run, Okeechobee

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