This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,000,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Palm Drive Trailer Park presents a compelling Value Add investment opportunity located just 4 miles from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. The property consists of 24 pad sites situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. Cap Rate 7.0% at asking price. Easy Management. No Repair and Maintenance. Below Market Rent +8.5% Cap Rate
Full Property Details
Full Property Details for MLS# F10523905
General
- Sold For: $1,000,000
- Taxes: $26,444 (2025)
- Status: Closed
- Type: Commercial Multi-Family
- Source: Regional
- MLS ID: F10523905
- Added to Site: 378 day(s) ago
Business
- Business Type: Mobile/Trailer Park
Parking
- Parking Features: Accessible Parking
Location
- County: Okeechobee
Community
- Community Name: 6240 - NW County (OK)
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Wall Furnace
Utilities
- Sewer: Septic Tank
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Natural Gas Not Available
- # Electric Meters: 24
Structural Information
- Structure Type: Warehouse
- Year Built: 1984
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 944
- Zoning: RR
Financial Considerations
- Tax Amount: $26,444
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Financials
- Property ID: 12537350050000400650
Listed and Sold by Media Realty
Get Pre-Approved Today
Schools
Schools serving MLS# F10523905
School District:Okeechobee County School District
| Name | Grades | Distance |
|---|---|---|
Everglades Elementary School, Okeechobee, FL 3725 Southeast 8th Street, Okeechobee, FL 34974 | K-5 | 1.8 mi |
Osceola Middle School, Okeechobee, FL 825 Southwest 28th Street, Okeechobee, FL 34974 | 6-8 | 2.9 mi |
Okeechobee High School 2800 U.S. 441, Okeechobee, FL 34972 | 9-12 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# F10523905
Date
Details
Price
Change
Source
7/22/2026
Sold
$1,000,000
-13.04%
MLS
8/13/2025
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
MLS# F10523905, Okeechobee, FL 34947 (MLS# F10523905) is a Commercial Multi-Family property that was sold at $1,000,000 on July 22, 2026. Want to learn more about MLS# F10523905? Do you have questions about finding other Commercial Multi-Family real estate for sale in Okeechobee? You can browse all Okeechobee real estate or contact a Coldwell Banker agent to request more information.

