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    651 State Road 78 Okeechobee, FL 34974

    For Sale
    $1,900,000

    Unimproved Multi Family (5+units) - Commercial/Business/Agricultural/Industrial Land,Income/Multi-family

    Lot size:
    11.71 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 651 State Road 78

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R10438350A00000090000
    Lot size
    11.71 Acres

    Building Details

    Architectural style
    Other

    Realty Professionals of Coral Springs (954) 755-0888 [email protected]

    Listing agent Cyndee Heelan (954) 688-5400 License #3365882

    Listing date Oct 31, 2025

    MLS# F10508887 Listing URL

    Copyright © 2025 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Okeechobee Resort Corridor Development Land

    This is an opportunity to develop 11.71 acres of land located in the designated "Resort Corridor" of Okeechobee. The property is located half a mile from Parrot Ave (HWY441/US 98) and less than 1,500 feet from Lake Okeechobee Park. The location is suited for a resort, hotel, or restaurant, as well as residential developments including tiny homes, cottages, and townhomes. The property is positioned to cater to tourism-related ventures. The site is currently occupied by month-to-month tenants and is being sold for its land value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Bar & Pub Storage Facility Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.83538
    Latitude
    27.196026

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    FAQs

    What type of property is this?
    Land - 11.71 acres in Okeechobee's sought-after Resort Corridor.
    Where is this land located?
    The property is located at 651 State Road 78 Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - 11.71 acres in Okeechobee's designated "Resort Corridor"; - Prime location for tourism-related development such as a resort, hotel, restaurant, or residential property; - Close proximity to Lake Okeechobee Park (less than 1,500 feet)
    (954) 688-5400
    Request Owner's contact information
    651 State Road 78 Okeechobee, FL 34974
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    Okeechobee, FL 34974
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    651 State Road 78 Okeechobee, FL 34974
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