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    9999 120Th St Okeechobee, FL 34972

    For Sale
    $3,075,000

    44-Acre Estate, Mediterranean Villa

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 44.04-acre estate in Okeechobee, Florida, presents a rare opportunity. The centerpiece is a stunning Mediterranean-style villa, inspired by architect Cliff May, boasting approximately 6,616 square feet under roof and 3,104 square feet under air. This meticulously maintained property features three ensuite bedrooms, each with its own bathroom, plus a 3.5 bath count, and a spacious office that could easily serve as a fourth bedroom. The oversized master suite is a true retreat, complete with a luxurious Carrara marble bathroom featuring a spa tub and double-head shower. A butler's pantry, equipped with custom wood cabinetry, granite countertops, and stainless steel appliances, adds to the home's elegance. The open-concept design seamlessly connects the kitchen, dining area, and cathedral living space, creating an inviting atmosphere. All bathrooms have been recently updated with modern fixtures and marble. The property also includes eleven additional units suitable for staff accommodation or guest quarters. Currently zoned agricultural exempt, this income-producing estate offers a unique blend of luxury living and investment potential. Located at 9999 NE 120th St, Okeechobee, FL 34972. The asking price is $3,075,000.

    Property Features for 9999 120Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,918,382 SF

    HighLights

    • Stunning Mediterranean‑style villa, approximately 6,616 sq ft under roof, 3,104 sq ft under air, inspired by architect Cliff May.
    • First‑time market offering; beautifully landscaped and meticulously maintained.
    • Features 3 ensuite bedrooms, 3.5 baths, plus an office/4th bedroom; oversized master suite with Carrara marble bath.
    • Butler's pantry with custom cabinetry, granite counters, and stainless steel appliances.
    • Open‑concept kitchen, dining, and living areas; all bathrooms recently updated with modern fixtures and marble.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Mariana Subdivision, ... Lodging

    Suggested Use

    Hotel & Motel Bar & Pub Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.722195
    Latitude
    27.362092

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    FAQs

    What type of property is this?
    Multifamily property - 44-Acre Estate, Mediterranean Villa
    Where is this multifamily property located?
    The property is located at 9999 120Th St Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $3,075,000.
    What are key features of this property?
    This property features: Stunning Mediterranean-style villa, approximately 6,616 sq ft under roof, 3,104 sq ft under air, inspired by architect Cliff May.; First-time market offering; beautifully landscaped and meticulously maintained.; Features 3 ensuite bedrooms, 3.5 baths, plus an office/4th bedroom; oversized master suite with Carrara marble bath.
    Request Owner's contact information
    9999 120Th St Okeechobee, FL 34972
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    Okeechobee, FL 34972
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    9999 120Th St Okeechobee, FL 34972
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