20380 NW 250th STREET, Okeechobee, FL, 34972 | $50,000

Unique Opportunity to Own 1. 25 Acres of Land in a Residential and Agricultural Area!
This spacious land, ideal for a farm or home construction, allows building options with either block or Mobile Home. Just five minutes away, you’ll find a fishing lake and hundreds of acres of recreational trails, perfect for ATVs or 4x4 vehicles. The property also includes a man-made lake, ideal for tilapia farming or for use with your animals.
The location is privileged, only 8 minutes from Kissimmee Prairie National Park, allowing you to enjoy the beauty and tranquility of nature. With high and dry land—rare in the area—this property is perfect for developing your farm, building a home for personal use, or generating income through short-term rentals.
Don’t miss this chance to own your own private paradise in an unparalleled natural setting!
Located in one of Florida's most attractive areas, this land is ideal for those looking to develop tourism or recreational projects. Its natural surroundings are perfect for activities like fishing in the famous Okeechobee lakes, boating, and camping under the starry skies. The area is also known for its love of horses, offering opportunities for equestrian sports. Additionally, the property presents possibilities for agriculture, extreme sports like motocross and ATVs, and trails for hiking or biking. Investors can also explore building cabins for short-term rentals
Ike a AIRBNB catering to tourists and nature lovers. A strategic investment in an area that truly has it all! , the total land is 1. 25 acres what you can extend with additional purchase of contiguous back lot, seller is the owner of them and he is selling it, it isn't including in this purchase but it is available like a adjacent lot that corresponds to the address 20375 nw 248th st, additional seller is selling 20276 nw 248th st in same block.
THE BUYER IS RESPONSIBLE FOR VERIFYING ALL INFORMATION HEREIN WITH THE RELEVANT AGENCIES AND/OR THE CITY.

Features

  • Pet Policy: No
  • MLS#: C7495814
  • Days on Market: 106 days
  • Website: https://www.raveis.com
    /prop/C7495814/20380nw250thstreet_okeechobee_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 11/23/2024 2:02:12 PM)
Listing courtesy of EXP Realty LLC   Phone: 888-883-8509

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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20380 NW 250th STREET, Okeechobee, FL, 34972

$50,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $40,000 $40,000 $40,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $266 $266 $343
Total Monthly Payment $341 $341 $418

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.