20219 NW 248th STREET, Okeechobee, FL, 34972 | $290,000

UNIQUE OPPORTUNITY! 1. 25 Acres in Residential and Agricultural Zone with Home and Multiple Income Potential

This property combines comfort, nature, and multiple income streams, featuring a **4-bedroom, 3-bathroom home**, perfect for a family residence, Airbnb, or a farm project. Additionally, you can acquire the adjacent lot to expand to a total of **2. 5 acres**, multiplying its potential.

KEY FEATURES:
- **Expansion Potential**: Imagine utilizing the land to add RV units, creating a space for short-term rentals, glamping, or recreational areas. A perfect opportunity to generate diversified income!
- **Ideal for Airbnb and Events**: Spacious home with a setting that lends itself to recreational activities and events, attracting a wide range of guests.
- **Outdoor Activities**: Just 5 minutes from a fishing lake and hundreds of acres of recreational trails for ATVs and 4x4 vehicles, which you can also rent to boost your income.
- **Private Artificial Lake**: Perfect for tilapia farming, livestock, or as an additional attraction for guests.

PRIME LOCATION:
- Only **8 minutes from Kissimmee Prairie National Park**, offering easy access to nature and an unmatched atmosphere of tranquility.
- **High and dry land**, a unique feature in the area, perfect for residential or agricultural projects.

MULTIPLY INCOME
With **2. 5 acres available** and space for developing projects like RV installations, glamping, or events, this property offers endless opportunities to generate additional income, from recreational rentals to agricultural activities.

Your private paradise awaits!
Don't miss this unique investment opportunity. Contact us today to schedule a visit and explore all the possibilities this property has to offer. Turn your ideas into reality!

The buyer has the opportunity to separately purchase the adjoining lot with the address 20271NW 248th St to expand the property to 2. 5 acres for $55. 000. .

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 2 full / 1 half
  • Laundry: None
  • Year Built: 2024
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 54,450
  • Acreage: 1.25
  • Est. Taxes: $481
  • Appliances: Cooktop, Kitchen Reverse Osmosis System, Refrigerator
  • MLS#: C7495723
  • Days on Market: 169 days
  • Website: https://www.raveis.com
    /prop/C7495723/20219nw248thstreet_okeechobee_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 1/13/2025 1:17:14 PM)
Listing courtesy of EXP Realty LLC   Phone: 888-883-8509

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

20219 NW 248th STREET, Okeechobee, FL, 34972

$290,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $232,000 $232,000 $232,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 7.250% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.330% 7.386% 6.623%
Monthly Tax Payment $40 $40 $40
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,544 $1,583 $2,005
Total Monthly Payment $1,659 $1,698 $2,120

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.