3112 SE 29th Ter, Okeechobee, FL, 34974
About This Home
INVESTMENT OPPORTUNITY... 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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1971
Materials
- Foundation: Slab
- Roof: Other
- Construction materials: Block,Concrete
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Range,Refrigerator
- Laundry features: Laundry Room,Outside
Bathroom2
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Features
- Ceiling Fan(s)
- Door features: Outdoor Kitchen,Sliding Doors
- Flooring: Vinyl,Hardwood
Heating & Cooling
- Heating features: Other
- Cooling features: Central Air,Wall/Window Unit(s)
Interior Area
- Total structure area: 3,805
- Total interior livable area: 2,300 sqft
Kitchen
- Level: First
Living Room
- Level: First
Other
- Level: First
Primary Bedroom
- Features: Ceiling Fan(s),Built-in Closet
- Level: First
Property
Details
- Parcel number: R12537350010000200090
- Zoning: RM
- Special condition: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio,Screened
- Exterior features: Lighting,Outdoor Kitchen,Storage,Boat Slip
- Has view: Yes
- View description: Water,Canal
- Has water view: Yes
- Water view: Water,Canal
- On waterfront: Yes
- Waterfront features: Canal - Freshwater,Freshwater Canal Access,Lake Privileges,Boat Ramp - Private,Seawall
- Waterbody name: TAYLOR CREEK
- Residential vegetation: Mature Landscaping
Lot
- Lot size: 10,846 sqft
- Features: Cul-De-Sac,Street Dead-End
Parking
- Total spaces: 1
- Parking features: Carport
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
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
- Inland Flooding
- Lightning
- Hurricane
- Strong Wind
- 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 | $3,281 | $39,372 |
| Home Insurance * | $693 | $8,316 |
| Property Taxes | $1,134 | $13,608 |
| Electricity | $231 | $2,777 |
| Total | $5,339 | $64,068 |
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 |
|---|---|---|
| 2026-05-09 | Listed for sale | $649,000 |
| 2025-11-22 | Listing removed | $655,000 |
| 2025-05-12 | Listed for sale | $655,000 |
| 2025-04-23 | Listing removed | $659,000 |
| 2024-10-30 | Listed for sale | $659,000 |
| 2024-09-27 | Listing removed | $675,000 |
| 2024-04-26 | Listed for sale | $675,000 |
| 2024-03-20 | Listing removed | -- |
| 2023-01-19 | Price change | $725,000 |
| 2022-08-11 | Listed for sale | $750,000 |
| 2022-07-21 | Pending sale | $750,000 |
| 2022-03-21 | Listed for sale | $750,000 |
| 1995-07-05 | Sold | $118,000 |
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