1 / 511517 SW 7th Avenue, Okeechobee FL 34974
Okeechobee, FL
List Price
$390,000
Type
Single Family
Bedrooms
5
Bathrooms
3
Price / SqFt
$179/sqft
Price reduction
9.3% below original list — was $430,000
Est. equity
-21%
Comp ARV
$428,000
Max offer
$228,457
From the listing
Discover this charming property at 1517 SW 5th Ave in Okeechobee, offering both a spacious main house and a versatile guest house. The main home features vaulted ceilings with exposed beams, creating an inviting and airy atmosphere. It includes 3 bedrooms, 2 bathrooms, and plenty of character. The guest house provides a large 1-bedroom layout, a bonus office or small guest room, and a handicap-accessible bathroom, perfect for extended family or rental opportunities. Enjoy outdoor living in the fenced backyard with an open patio, ideal for relaxing or entertaining. The property boasts metal and hurricane windows and shutters for added security and durability. The carport canvas will be replaced before closing for the buyer's convenience.
Property Information
- Square Feet
- 2,184
- Units
- 1
- Days on Market
- 468
- Status
- active
Location
- County
- Okeechobee County
- Zip Code
- 34974
- Coordinates
- 27.2287, -80.8364
Represented by Academia
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Why this deal
- 9.3% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
31/100
Thin
is scored →
~-21% estimated equity to comp-based ARV (full marks at 30%+). Estimate — verify comps + rehab.
9.3% off original list (full marks at 25%+).
468 days on market (full marks at 120+ — more time = more leverage).
No explicit distress language in the public remarks.
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice.
Deal scorecard
How four stakeholders read this deal
Strengths
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- thin equity — lender-unfriendly LTV (≈ 91% of ARV)
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. Not a f…
- thin equity — lender-unfriendly LTV (≈ 91% of ARV)
What an insurer sees
Insurance / 4-point
insurability v1. Miami-Dade is entirely within the HVHZ (High-Velocity Hurricane Zone) …
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
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
1517 SW 7th Avenue, Okeechobee FL 34974, Okeechobee, FL
Comp-based ARV — 8 closed comp(s), high confidence.
Recommended max offer
$224,600
Room vs list (above list)
$165,400
Est. equity
-$90,210
-21% of ARV, at list
ROC at list
-17%
Est. all-in at list
$518,210
list + rehab + txn + carry
70% rule MAO
$224,600
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
$428,000 after-repair value
5 recent closed sales nearby · high confidence · range $418,000–$527,000
| Closed sale | Close $ | $/sqft | Date |
|---|---|---|---|
| 4096 SW 9th Way, Okeechobee FL 34974 | $325,000 | $143 | 2026-04-21 |
| 837 SE 36th Terrace, Okeechobee FL 34974 | $352,130 | $193 | 2026-03-25 |
| 8640 SW 7th Lane, Okeechobee FL 34974 | $432,000 | $241 | 2026-02-23 |
| 13200 SE Us Highway 441, Okeechobee FL 34974 | $580,000 | $290 | 2026-02-10 |
| 2004 SE 30th Street, Okeechobee FL 34974 | $375,000 | $208 | 2026-02-10 |
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.