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Auction Property. About This Auction
Online Only at Ranchandfarmauctions. co
Auction Date: 03/18/26 Auction Time: Ends 4: 00 PM ET
Auction Held at: Online only
Entire Farm Description:
1425 Cabbage Ln, Okeechobee, FL, 34974
Offered by Online Only Auction
20. 98 acres of fenced pasture land in Glades County, Florida, with electric service, well, small water hole and loading pen. Accessible by a rural road. Suitable for agriculture, cattle, home site or recreational use.
This 20. 98-acre property in Glades County, Florida, offers a primarily cleared and fenced tract of pasture land with established rural infrastructure. The parcel includes electrical service, a private well and a small water hole suitable for livestock. A single-operator loading pen has been used for cattle handling. The pasture is fenced on all four sides, facilitating containment and basic management of grazing livestock.
Access to the property is via a private rural lane providing year-round entry. Terrain across the acreage is level and open, predominantly improved pasture with grass cover capable of supporting grazing. The presence of a water hole offers a natural water source for cattle or other livestock, complementing the drilled well as a utility resource. Electric service is on site, enabling connection for future improvements.
Utilities present on the property include an existing well and electric power. There is no public sewer; however, standard rural systems are typical in this area. This property is not part of a homeowners' association. The mostly cleared land, defined boundaries and basic agricultural infrastructure provide flexibility for a range of land uses consistent with rural zoning and local permitting.
The property’s fenced perimeter makes it functional for livestock grazing, cattle or other agricultural operations. The relatively open terrain and access to utilities also support a potential home site subject to town, county, and utility provider approvals. Land like this in Glades County can serve as a small working farm tract, weekend rural retreat, or land holding for future decisions on development or personal use.
Located in a rural area south of the city of Okeechobee, this acreage is within a broader agricultural landscape that includes cattle ranching and row cropland typical of the region. Surrounding properties are similar in size and use. The terrain and land cover are consistent with historical pasture use.
Nearby urban services, commercial centers, and support infrastructure are available in the city of Okeechobee, the county's primary population center. Okeechobee provides access to groceries, fuel, medical facilities, and other everyday services.
Additional towns in the general region include Moore Haven, approximately 33 miles northwest, Fort Pierce is about 34 miles east and Stuart is around 36 miles east. Vero Beach is roughly 38 miles east and Sebring is about 41 miles south of Okeechobee. These distances are approximate and measured from Okeechobee.
This listing reflects acreage available as of the last recorded update. Prospective buyers should verify zoning and permitted uses with Glades County and confirm availability of utilities for intended purposes.
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NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $5,600 | $5,600 | $5,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.292% | 5.561% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $33 | $34 | $45 |
| Total Monthly Payment | $108 | $109 | $120 |
* 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.