9999 NE 120th Street, Okeechobee, FL, 34972 | $2,898,000

RANCH RETREAT - 45-ACRES - INCOME PRODUCING + MULTIPLE CASITAS ON-SITE! METICULOUSLY UPGRADED. Estate Home inspired by acclaimed architect Cliff May of L. A. The Main House, including all guest accommodations boasts +-16, 821sf under roof, and +-12, 581sf under air, 4-Bedrooms, 3- En-suite Bathrooms plus a 1/2 Bath Powder Room. The expansive open floorplan includes a Service Kitchen, Summer Kitchen, Dining Room and Grand Living Room with 15-foot soaring cathedral ceiling. All of these rooms have been updated. A special feature is the extra large 40' X 40' loggia adding 1, 600sf of screened space which could be enclosed and air conditioned. There is an 8, 000sf concrete block building that could be customized to new owner's desired purpose. POTENTIAL USES AND YOUR IMAGINATION ARE ENDLESS. NEW QUARTZ 2-INCH RETURN EDGE COUNTERTOPS AND AN ISLAND WITH "WATERFALL" STYLE SIDES. THIS PROPERTY ENJOYS CLOSE PROXIMITY TO THE OKEECHOBEE MUSIC FESTIVAL ("OMF").

Features

  • Amenities: Jogging Path, Picnic Area, Storage, Workshop Area
  • Rooms: 10
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Lot Size: 44.04 ACRES
  • Laundry: Laundry Tub
  • Style: Other
  • Year Built: 1981
  • Garage: 4-car Attached
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Electric, Zoned
  • Approx Sq. Feet: 12,581
  • Acreage: 44.04
  • Lot Size: 44.04 ACRES
  • Est. Taxes: $17,105
  • Lot Desc: Many Trees, Fruit Tree(s), Room for Pool
  • View: Garden, Preserve, Pond
  • Pet Policy: Yes
  • Appliances: Electric Water Heater, Water Softener Owned, Dryer, Dishwasher, Free-Standing Freezer, Gas Range, Ice Maker, Microwave, Refrigerator, Water Heater, Washer
  • MLS#: RX-11025997
  • Website: https://www.raveis.com
    /eprop/RX-11025997/9999ne120thstreet_okeechobee_fl?source=qrflyer
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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.

Customer Service

888.699.8876

Contact@raveis.com

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

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@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
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@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

9999 NE 120th Street, Okeechobee, FL, 34972

$2,898,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,318,400 $2,318,400 $2,318,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.300% 6.361% 6.203%
Monthly Tax Payment $1,425 $1,425 $1,425
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,714 $14,275 $19,564
Total Monthly Payment $15,264 $15,825 $21,114

* 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.