1 / 21352 SW 85th Avenue, Okeechobee FL 34974
Okeechobee, FL
List Price
$370,000
Type
Single Family
Bedrooms
3
Bathrooms
2
Price / SqFt
$269/sqft
Price reduction
12.9% below original list — was $425,000
Est. equity
-82%
Comp ARV
$282,000
Max offer
$92,810
From the listing
Stylish 3bed/2bath/2car home on 1/2 acre lot boasts an open-concept layout, with a bright and airy living area that flows seamlessly into a well-appointed kitchen with modern appliances, and ample cabinetry. The property features a sparkling in-ground pool, perfect for cooling off on hot Florida days or entertaining guests in your private backyard oasis. A large, screened-in patio overlooks the pool area, creating a comfortable space for outdoor dining or relaxation. The 2-car garage provides plenty of storage and parking, and the expansive lot offers endless possibilities for gardening and outdoor living.
Property Information
- Square Feet
- 1,376
- Units
- 1
- Days on Market
- 458
- Status
- active
Location
- County
- Okeechobee County
- Zip Code
- 34974
- Coordinates
- 27.2413, -80.9159
Represented by Academia
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Why this deal
- 12.9% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
42/100
Thin
is scored →
~-82% estimated equity to comp-based ARV (full marks at 30%+). Estimate — verify comps + rehab.
12.9% off original list (full marks at 25%+).
458 days on market (full marks at 120+ — more time = more leverage).
Soft motivation language (value-add, motivated, tenant-occupied, cash-only).
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice.
Deal scorecard
How four stakeholders read this deal
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- Flood zone A — mandatory flood insurance required (NFIP or private); adds to carrying cost
- conventional financing unlikely; cash or hard-money only
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. renovat…
- conventional financing unlikely; cash or hard-money only
- thin equity — lender-unfriendly LTV (≈ 131% of ARV)
What an insurer sees
Insurance / 4-point
insurability v1. Miami-Dade is entirely within the HVHZ (High-Velocity Hurricane Zone) …
- Flood zone A — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a GC / AHJ sees
Permits / condition
Permit data from county permit records; may lag; verify open permits with the AHJ. Limi…
4-point — last permit
- Roofnone
- Electricalnone
- Plumbingnone
- HVACnone
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-07-24. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
352 SW 85th Avenue, Okeechobee FL 34974, Okeechobee, FL
Comp-based ARV — 8 closed comp(s), high confidence.
Recommended max offer
$92,810
Room vs list (above list)
$277,190
Est. equity
-$230,190
-82% of ARV, at list
ROC at list
-45%
Est. all-in at list
$512,190
list + rehab + txn + carry
70% rule MAO
$98,400
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.
The comps behind the ARV
$282,000 after-repair value
5 recent closed sales nearby · high confidence · range $260,000–$332,000
| Closed sale | Close $ | $/sqft | Date |
|---|---|---|---|
| 8525 SW 9th Street, Okeechobee FL 34974renovated0.4 mi | $390,000 | $241 | 2026-06-29 |
| 5102 SE 43rd Trace, Okeechobee FL 34974renovated | $270,000 | $199 | 2026-05-22 |
| 1404 SE 4th Street, Okeechobee FL 34974renovated | $260,000 | $210 | 2026-05-21 |
| 1025 Ash Circle, Okeechobee FL 34974renovated | $287,000 | $189 | 2026-05-19 |
| 1601 SE Us Highway 441 # 86, Okeechobee FL 34974renovated | $220,000 | $158 | 2026-05-08 |
Comparable data, not an appraisal. ARV is the median closed $/sqft of these comps applied to this home's size. Verify condition, location, and adjustments independently.