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Under Contract
16 Days on Market
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How this price compares

Asking price
$49,000
Price per sq ft
$128
Vs. nearby sales
36% below
Days on market
16

This 1-bedroom single-family home in Southern Colonization Company Plat went under contract with an asking price of $49,000, or $128 per square foot. It spent 16 days on the market before going under contract. The 3 most recent single-family home sales in the closings shown below sold at a median of $200 per square foot, so the asking price was 36% below what comparable homes here actually sold for.

1
Bedrooms
1
Bathrooms
384
Living Sq Ft
2002
Year Built

Estimated monthly payment

$258 /mo

Principal and interest only, based on $9,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

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Listing Snapshot

Price
$49,000
Days on Site
16 Days
Bedrooms
1
Total Baths
1
Full Baths
1
Partial Baths
0
Living Area
384 sqft
Total Sq Ft
576 sqft
Lot Size
1.25 Acres
Year Built
2002
Property Type
Single Family
MLS #
B26091267
Property Tax
$1,293 (2025)
Subdivision
Southern Colonization Company Plat
County
Okeechobee
Status
Under Contract
Special Conditions
Standard

About This Property

Compact single-story cabin sitting on 1.25 acres used in the past as a hunting retreat in the Southern Colonization Company Plat subdivision of Okeechobee. This one-bedroom, one-bathroom cabin spans 384 square feet. It is a blank slate for someone with the right vision and willingness to give it some TLC. The straightforward layout delivers practical functionality without excess for you to improve on or rebuild at will, or use it as a temporary dwelling while you build your dream home on 1.25 acres. Whether as an entry-level purchase or investment addition to your portfolio, this property presents solid value in an established community.

General Features

Property Type
Single Family
Status
Under Contract
Year Built
2002
Property Condition
Resale
Number of Stories
1
Levels
One
Parking
Open
Direction Faces
North
Lot Size (Acres)
1.25
Living Sq Ft
384
Total Sq Ft
576
Sewer
Septic Tank
Water Source
Well
Zoning
Agriculture (A)

Interior Features

Appliances
Gas Range
Cooling
Wall Window Units
Heating
None
Flooring
Wood
Interior Features
None
Main Level Bedrooms
1
Main Level Baths
1
Total Rooms
3

Exterior Features

Construction
Wood Siding / Wood Frame
Roof
Shingle
Exterior Features
Awnings
Architectural Style
Ranch
Lot Features
One To Two Acres / Many Trees

Community & HOA

Utilities
Electricity Available / Sewer Available / Water Available
Pets Allowed
No Pet Restrictions / Yes
Financing Terms
Cash
Restrictions
No Lease / See Remarks
MLS Area
6240 - NW County (OK)

Schools

Elementary School
Seminole (Okeechobee)
Middle School
Yearling
High School
Okeechobee
Homes for Sale
47
Under Contract
9
Median List Price
$369,900
Median $/Sq Ft
$238
Avg Days on Market
128
View all 47 homes for sale in Southern Colonization Company →
How do I schedule a tour of 21387 NW 254th Street, Okeechobee, FL 34972?
Use the Tour button on this listing to request a showing of 21387 NW 254th Street, Okeechobee, FL 34972. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 21387 NW 254th Street, Okeechobee, FL 34972 still available?
21387 NW 254th Street, Okeechobee, FL 34972 is currently listed as Under Contract, and has been on the market 16 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 21387 NW 254th Street, Okeechobee, FL 34972?
With 20% down ($9,800) on the $49,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 21387 NW 254th Street, Okeechobee, FL 34972 is about $258/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 21387 NW 254th Street, Okeechobee, FL 34972?
Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 21387 NW 254th Street, Okeechobee, FL 34972. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
What schools serve 21387 NW 254th Street, Okeechobee, FL 34972?
21387 NW 254th Street, Okeechobee, FL 34972 is zoned for Seminole (Okeechobee) (elementary), Yearling (middle), Okeechobee (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 21387 NW 254th Street, Okeechobee, FL 34972?
Often, yes. The right offer on 21387 NW 254th Street, Okeechobee, FL 34972 depends on how it's priced against comparable single family sales in Okeechobee, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of LPT Realty, LLC

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 15, 2026.

$49,000

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Listed by Marlon Brammer, LPT Realty, LLC

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