502 SW 40TH COVE N, #63, Okeechobee, FL, 34974 | $210,000

Silver Palms 5-Star Resort - Premium Corner Lot with Stunning Features

Welcome to a meticulously manicured corner lot in the renowned Silver Palms 5-Star Resort. This exceptional property boasts a charming Tiki Hut, complete with patio furniture, making it the perfect retreat for relaxation or entertaining. Enjoy serene, calming views of the lake—a sight that lifts the spirits and soothes the soul.

The resort itself offers an unparalleled lifestyle with world-class amenities, including a clubhouse, a heated pool, a library, a pool room, and courts for volleyball, pickleball, and more. Engage in a variety of activities such as horseshoes or simply unwind in this slice of paradise.

Silver Palms is truly a dream destination, blending comfort, luxury, and recreation into a vibrant community.

Features

  • Amenities: Basketball Court, Fitness Center, Gated, Laundry
  • Lot Size: 35 x 70
  • HOA Fee: $295 Monthly
  • Pet Policy: Yes
  • MLS#: OK222652
  • Days on Market: 955 days
  • Website: https://www.raveis.com
    /prop/OK222652/502sw40thcoven_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 1/14/2026 9:47:12 PM)

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Susan VermaLuxury Properties Specialist

617.650.2007

Susan.Verma@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Nicole DelaneyInsurance Sales Director, William Raveis Insurance

781.724.3515

Nicole.Delaney@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

502 SW 40TH COVE N, #63, Okeechobee, FL, 34974

$210,000

Susan Verma

Luxury Properties Specialist

William Raveis Real Estate

Phone: 617.650.2007

Susan.Verma@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $168,000 $168,000 $168,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 5.990% 5.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.322% 6.156% 5.415%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $967 $1,006 $1,340
Total Monthly Payment $1,042 $1,081 $1,415

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.