$649,000
3112 29th Terrace
Okeechobee, FL 34974
Listing updated: June 18, 2026 at 5:34 PM ET
Listing courtesy of Impact Realty Tampa Bay · Javy Torres · MLS #TB8506334 · Active · 813-321-1200Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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.
Local Insight
At $282/sqft for a 1971 waterfront home in Okeechobee, you're paying a premium for water access and that quarter-acre lot, but you'll want a thorough inspection since the age and AE flood zone designation mean elevation, foundation, and flood insurance costs deserve serious scrutiny. The five bedrooms make it functionally spacious for a family or rental angle, though the tight lot size limits expansion and the waterfront setting in this area tends to attract buyers who specifically value that amenity over typical appreciation potential. This is the kind of property where location preference matters more than market fundamentals—if you want lake or river access in Okeechobee, the options are limited and priced accordingly.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history40 days on market
- Status: ActiveMay 9, 2026
- Listed$649,000May 9, 2026
- Price increased$649,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 40
- Subdivision
- Taylor Crk Dev
- County
- Okeechobee
- Year built
- 1971
- Living area
- 2,300 sq ft
- Price/sq ft
- $282
- Building area
- 3,805 sq ft (Public Records)
- Lot size
- 10,846 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12093C0485C)
- Annual taxes
- $4,561 (2025)
- Parcel #
- R1-25-37-35-0010-00020-0090
- Zoning
- RM
- MLS #
- TB8506334
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 5
- Flooring
- Vinyl, Wood
- Appliances
- Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s)
- Laundry
- Laundry Room, Outside
- Stories / Levels
- One
- Direction faces
- West
Heating & Cooling
- Heating
- Other
- Cooling
- Central Air, Wall/Window Unit(s)
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Lighting, Outdoor Kitchen, Sliding Doors, Storage
- Construction materials
- Block, Concrete
- Roof
- Other
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Private Sewer
- Water source
- Public
- Utilities
- Other
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | |
| Studio | First | |
| Living Room | First | |
| Bathroom 2 | First | |
| Kitchen | First |
Listing Details
- Listing date
- 2026-05-06
- On market date
- 2026-05-09
- Original list price
- $649,000
- Occupant type
- Tenant
- MLS area
- 34974 - Okeechobee
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-05-09
- Tax legal description
- TAYLOR CREEK DEVELOPMENT (PLAT BOOK 2 PAGE 90); A REVISED AND ADDITION TO PLAT OF TAYLOR CREEK DEVELOPMENT (PLAT BOOK 2 PAGE 93) AND REVISED PLAT NO 2 (PLAT BOOK 3 PAGE 8) LOT 9 BLOCK 2; PARCEL 3112, 1-25-37-35-0010-00020-0090 & PARCEL 3122, 1-25-37-35-0010-00020-0100
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Hwy 441 SE down to SE 33rd Terrace, turn left and proceed down to SE 29th Terrace. Arrive at cul de sac to property on left along the water.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 18, 2026 at 5:34 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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