Property Description:
This 3-bed, 2-bath, 1,241 sf manufactured home built in 2004 sits on a 1.7-acre subdividable parcel in Okeechobee. The home is livable but dated, with an original 2004 roof and typical cosmetic aging. The true value here is the land — flat, usable, and positioned for a potential 5-lot subdivision (subject to county approval). With very limited comps in this pocket, the highest and best use is clearly redevelopment or a long-term hold with multiple exit strategies.
🛠️ Rehab Scope
Replace original roof (2004)
Full interior cosmetic update: flooring, paint, fixtures
Kitchen & bath refreshes
Replace aging mechanicals as needed
Exterior skirting, steps, and siding touch-ups
Land clearing & prep if pursuing subdivision
Survey + zoning/platting consultation with county
💰 Comparable Sales
Very limited comps available — nearby manufactured home sales support the land value more than the structure.
🔵 457 NW 34th St – Mobile/Manufactured | 1,152 sf | 2.27 acres | 1996 | Closed | $250,000 ($217/sf)
Closest relevant sale; similar acreage and product type.