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2925 SE 35th Ave, Okeechobee, FL, 34974

3beds
2baths
2,800sqft
$399,000
$143price/sqft
$2,966/moest. monthly cost
$118,640/yrincome needed

About This Home

GREAT INVESTMENT OPPORTUNITY - TWO HOMES ON THE WATER! Rare opportunity to own two homes sold together - live in one and rent the other for immediate income potential! The main home is a spacious 3-bedroom, 2-bath frame residence featuring a stunning Florida Room with a beautiful stone fireplace overlooking the water. The updated kitchen includes a large island and opens to a generous living area, with oversized rooms throughout the home providing comfort and flexibility. Next door, the second home is a charming 2-bedroom, 1-bath with its own fireplace, vinyl and ceramic flooring, and spacious rooms. A private deck overlooks the water, offering breathtaking views - perfect for relaxing or entertaining. The seawall is in excellent condition and provides direct access to Lake Okeechobee, with navigation available along either coast. Whether you're looking for a multi-generational setup, rental income, or a prime waterfront investment, this property delivers exceptional value. Don't miss this incredible opportunity!

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1979

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Full bathrooms: 2

Property

Lot

  • Lot size: 8,276 sqft

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
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Hurricane
    HurricaneRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Hurricane
Strong Wind
Wildfire

FEMA Declared Disasters in Okeechobee County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$426$5,112
Property Taxes $242$2,904
Electricity $281$3,381
Total$2,966$35,592
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,691/yr
40% on housing$88,980/yr
45% on housing$79,093/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$143This listing

vs Other Active Listings

Avg $/sqft

ZIP 34974$163
Okeechobee County$169

vs Homes Sold Last Month

Median $/sqft

ZIP 34974
Okeechobee County$218

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

No price history available

For Sale by Agent

AgentVicki Anderson
BrokerageANDERSON REALTY CO

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