40.9 fully usable acres in a private and highly sought-after SE Okeechobee location with access from both SR 710 and SE 128th Avenue. Agriculturally zoned and improved, offering a rare opportunity to create a Private Estate, Equestrian Retreat, Working Ranch, or Legacy Land Investment. Improvements include a 6” well with 5HP submersible pump, 315 gallon bladder tank, and 400 AMP electrical service. A 36 x 24 three-sided equipment building is in place. The property features a professionally designed track by former pro rider Robby Marshall of Ram Trax Development, easily adaptable for a variety of uses. Approximately 12± acres remain in natural, cattle pasture. Recent survey available. No HOA. Two separate entrances and an existing annual cattle lease in place.
6053 SE 116th Place, Okeechobee, FL, 34974
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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