7866 U.S. 441, Okeechobee, FL, 34974
About This Home
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!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1988
Materials
- Roof: Aluminum
- Construction materials: Block,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary,Country
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,ENERGY STAR Qualified Dishwasher,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Washer,Electric Range,Electric Water Heater,Microwave,Water Purifier Owned,Refrigerator,Water Heater,Water Purifier,Washer
- Laundry features: Inside,In Garage,In Unit,Multiple Locations
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 4
- Main level bedrooms: 5
Features
- Bedroom on Main Level,Family/Dining Room,Kitchen Island,Kitchen/Dining Combo,Living/Dining Room,Pantry,Storage,Walk-In Closet(s)
- Flooring: Laminate,Tile
- Fireplace features: Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 8,431
- Total interior livable area: 3,684 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 10538360a0000005e000
- Zoning: 30 - County
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Terrace
- Exterior features: Garden,Outdoor Living Area,Storage,Room For Pool
- Has spa: Yes
- Spa features: Above Ground,Heated
- Fencing: Back Yard
- Has view: Yes
- View description: Lake,Water
- Has water view: Yes
- Water view: Lake,Water
- On waterfront: Yes
- Waterfront features: Lake Front,Lake Privileges
- Frontage type: Waterfront
- Frontage length: 150.00,150.00
Lot
- Lot size: 0.99 Acres
- Features: Fruit Trees,Oversized Lot
Parking
- Total spaces: 15
- Parking features: Attached Carport,Attached,Covered,Carport,Driveway,Garage
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 6
- Has uncovered spaces: Yes
- Uncovered spaces: 9
- Carport: Yes
- Carport spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Hurricane
- Inland Flooding
- Strong Wind
- Cold Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Okeechobee County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,500 | $54,000 |
| Home Insurance * | $950 | $11,400 |
| Property Taxes | $541 | $6,492 |
| Electricity | $370 | $4,448 |
| Total | $6,361 | $76,332 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-25 | Listed for sale | $890,000 |
| 2023-04-29 | Listing removed | -- |
| 2022-12-04 | Listing removed | $509,000 |
| 2022-11-15 | Listed for sale | $574,900 |
| 2022-09-12 | Listing removed | -- |
| 2022-08-08 | Listed for rent | $1,400 |
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