About This Home

This 5-bedroom, 5-bathroom single family at 3112 SE 29TH Terrace in Okeechobee, FL is listed for $647,000 ($281 per sqft). Built in 1971, the home offers 2,300 sqft of living space on a 0.25 acres lot.

Key Features

  • Built in 1971
  • 0.25 acre lot
  • Waterfront

Property Details

1 story
5 full
1971

Amenities

WaterfrontViewA/C
Listing Description

Price Improvement... INVESTMENT OPPORTUNITY... Possible Main Home with Rental Units... IMMEDIATE CASH FLOW... MULTI-UNIT. TWO picturesque WATERFRONT canal PARCELS, granting access to Lake Okeechobee. Parcel 3112 boasts 75' of Waterfront, TWO robust concrete block structures, one encompassing a single-family home (1,200 sqft heated) ingeniously tran

sformed into a PROFITABLE DUPLEX, 1Br/1Bath apt with kitchen & a Studio with separate kitchen and bathroom. Adjacent stands the SECOND building (1,100 sqft heated), housing a lucrative TRIPLEX featuring three Studio units. All FIVE units are furnished and equipped with essential appliances ideal for short or long-term rentals.

Additionally, the property includes four 4'w x 3'd storage lockers, a 9'x 16' Laundry/utility room, and single car port with 5'x 7'storage. PARCEL 3122 presents an open oasis of leisure with over 200' WATERFRONT and space suitable for a double-wide mobile home.

This parcel also features a screened 10'x 14' Florida room with convenient appliances for cleaning and cooking the day's fresh catch. A private boat ramp beckons alongside a wooden boat dock ensuring a seamless blend of comfort and functionality. New owners can purchase with current renters or start empty.

Owner PAID Utility Authority for conversion from septic to city sewage ($14k Buyer Savings). A MUST SEE. Don't miss this fantastic opportunity to own a tranquil and welcoming waterfront INVESTMENT PROPERTY with spectacular views, wildlife, and a front seat to Florida living.

Monthly Cost Estimate

$3,460/mo

20% down · 6.5% · 30 years

Principal$468
Interest$2,804
Insurance$189

Estimates only. Actual payments may vary.

Location

3112 SE 29TH Terrace

Okeechobee, FL 34974

TAYLOR CRK DEV

Features & Amenities

Interior Features

Ceiling Fans(s)

Exterior Features

LightingOutdoor KitchenStorage

Property Details

Flooring

VinylWood

Construction

Block Concrete

Views

Water

Outdoor Features

Patio

Cooling

Window Unit(s)Central AirWall/Window Unit(s)

Appliances

MicrowaveRangeRefrigerator

Questions & Answers

This 5-bedroom, 5-bathroom single family at 3112 SE 29TH Terrace is listed at $647,000 ($281/sqft). The estimated monthly payment is $3,461 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1971, 0.25 acre lot, Waterfront. Interior Features: Ceiling Fans(s). Exterior Features: Lighting, Outdoor Kitchen, Storage.

This property is listed by Javy Torres and can be reached at 8136442844.

JT

Javy Torres

Agent at Impact Realty Tampa Bay

(813) 644-2844

Listed by Impact Realty Tampa Bay · Broker phone: (813) 321-1500 · View on Broker Site · Broker website

MLS# TB8506334· Source: Stellar MLS· 109 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3112 SE 29TH Terrace, Okeechobee, FL 34974

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