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$890,000
5 Beds ⋅ 5 Baths ⋅ B26056551 MLS
Unique waterfront opportunity in Okeechobee! This beautifully updated single-story multi-family property offers 5 bedrooms, 4.5 bathrooms, and 3,684 sq. ft. of living space situated on a spacious double lot with endless possibilities for future expansion or additional income.The property features two separate residences. The front home offers 2 bedrooms and 1 bathroom and is currently leased for $1,900 per month, providing immediate rental income. The rear home features 3 bedrooms and 3 full bathrooms and is successfully operated as a short-term rental, generating approximately $5,000 to $7,000 per month. Tastefully renovated with a modern kitchen, durable laminate flooring throughout, and contemporary finishes, this property is truly move-in and investment ready. Outside, enjoy a 4-car garage, a boat shed, and a private dock accommodating approximately four boats, making it ideal for boating enthusiasts and waterfront living. Whether you're looking for a primary residence with rental income, a multi-generational property, or a high-performing investment, this unique offering checks every box. The expansive double lot provides room for future development (subject to zoning and approvals), adding even more long-term value. End each day with breathtaking Okeechobee sunsets from your own backyard. A rare opportunity to own a versatile waterfront property with multiple income streams and incredible growth potential. NO HOA! Schedule your private showing today!

7866 U.S. 441, Okeechobee
$648,000
5 Beds ⋅ 5 Baths ⋅ TB8506334 MLS ⋅ 3112 / 3122 BLDG.
Price Improvement... INVESTMENT OPPORTUNITY... Possible Main Home with Rental Units... IMMEDIATE CASH FLOW... MULTI-UNIT. TWO picturesque WATERFRONT canal PARCELS, granting access to Lake Okeechobee. Parcel 3112 boasts 75' of Waterfront, TWO robust concrete block structures, one encompassing a single-family home (1,200 sqft heated) ingeniously transformed into a PROFITABLE DUPLEX, 1Br/1Bath apt with kitchen & a Studio with separate kitchen and bathroom. Adjacent stands the SECOND building (1,100 sqft heated), housing a lucrative TRIPLEX featuring three Studio units. All FIVE units are furnished and equipped with essential appliances ideal for short or long-term rentals. Additionally, the property includes four 4'w x 3'd storage lockers, a 9'x 16' Laundry/utility room, and single car port with 5'x 7'storage. PARCEL 3122 presents an open oasis of leisure with over 200' WATERFRONT and space suitable for a double-wide mobile home. This parcel also features a screened 10'x 14' Florida room with convenient appliances for cleaning and cooking the day's fresh catch. A private boat ramp beckons alongside a wooden boat dock ensuring a seamless blend of comfort and functionality. New owners can purchase with current renters or start empty. Owner PAID Utility Authority for conversion from septic to city sewage ($14k Buyer Savings). A MUST SEE. Don't miss this fantastic opportunity to own a tranquil and welcoming waterfront INVESTMENT PROPERTY with spectacular views, wildlife, and a front seat to Florida living.

3112 Se 29th Terrace, Okeechobee