$9,995,000
8791 Highway 78
Okeechobee, FL
Explore the area: Okeechobee homes for sale · Okeechobee County real estate
Price Check
How this price compares
- List price
- $9,995,000
- Price per sq ft
- N/A
- Original price
- $11,250,000
- Days on market
- 496
This commercial property is listed at $9,995,000. The asking price has come down 11.2% from its original $11,250,000. It has been on the market for 496 days.
Estimated monthly payment
$52,528 /mo
Principal and interest only, based on $1,999,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $9,995,000
- Days on Site
- 496 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 13.6 Acres
- Year Built
- 1984
- Property Type
- Commercial
- MLS #
- F10503959
- Property Tax
- $122,000 (2025)
- County
- Okeechobee
- Status
- Active
About This Property
VALUE ADD | Okeechobee | Four mobile home parks (175 units) in very close proximity to one another with 2 parks being contiguous and represents 123 pads. There is a positive appetite to acquire mobile home parks in Okeechobee driven by several compelling market dynamics: Affordable Housing Demand, Interest in Stable, Cash-Flowing Assets, Local Market Appeal and Low Operational Costs. THE PARKS A) Cloverport Mobile Home Park/28 Units; 7650 Highway 78 W. B) Dew Drop Mobile Home Park/57 Pads; 8791 Highway 78 W. C) Okeechobee Lake Mobile Home Park/66 Pads; 8951 Highway 78 W. D) Palm Drive Trailer Park/ 24 Pads; 3307 and 3611 SE 36th Ave. DOWNLOAD the Offer Memorandum for salient data including individual park descriptions, rent rolls and income & expense. Highlights of the individual Parks:Cloverport Mobile Home Park; 7650 Highway 78 W. OkeechobeeCloverport Mobile Home Park is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee (2.7 miles) with its dining and shopping, & less than 6 miles from the up-and-coming Bass Pro Resort at 10430 W Highway 78.Cloverport Mobile Home Park is a 27 lot/pad and one CBS studio apartment complex with laundry facilities rented on an annual basis. And sits on over 2.5 acres, with three entrances, sub-metered public water & septic. 6 units are park owned, 15 units are tenants owned (lot rent only), 1 unit is financed and there are 6 vacant pads. Water expense is passed through to the tenant's owner mobile homes. There are 5 brand 560 SF new mobile one bedroom/one bath homes recently delivered and installed, estimated to rent for $1200 per month. The value-add lies in leasing the 6 vacant pads or installing new MH's at a cost of approx. $58,000 per unit providing a 9.5%-10% cap rate with an investment estimated at $348,000.Dew Drop Mobile Home Park; 8791 Highway 78 W., Okeechobee The Dew Drop Mobile Home Park sits on 3.9 acres and contains 57 pads with one folio. The park consists of lot rents only as each mobile home is tenant owned.The MHP is less than 5 miles to the central Business district of downtown OkeechobeeOkeechobee Lake Mobile Home Park; 8951 Highway 78 W., OkeechobeeOkeechobee Lake Mobile Home Park contains 66 pads (lot rent only)This park is contiguous to Dew Drop Mobile Home Park and together they have a combined 126 pads. The park consists of lot rents only as each mobile home is tenant owned.The MHP is less than 5 miles to the central Business district of downtown OkeechobeeThe park has one folio numberPalm Drive Trailer Park; 3307 and 3611 SE 36th Ave; OkeechobeeThe property possesses two folio numbers and is situated on a canal with access to Lake Okeechobee. The park has 24 pads and collects rent for lot rent only.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1984
- Property Condition
- Resale
- Lot Size (Acres)
- 13.6
- Structure Type
- Warehouse
- Water Source
- Public
- Zoning
- RR
Interior Features
- Cooling
- Central Air
- Heating
- Central / Individual
Community & HOA
- MLS Area
- 6240 - NW County (OK)
About the Area
Okeechobee offers a range of housing options across Martin County. Pure Equity lists homes in Okeechobee and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 970
- Median List Price
- $279,000
- Median $/Sq Ft
- $201
- Avg Days on Market
- 161
Frequently Asked Questions
- How do I schedule a tour of 8791 Highway 78, Okeechobee, FL 34971?
- Use the Tour button on this listing to request a showing of 8791 Highway 78, Okeechobee, FL 34971. 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 8791 Highway 78, Okeechobee, FL 34971 still available?
- 8791 Highway 78, Okeechobee, FL 34971 is currently listed as Active, and has been on the market 496 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 8791 Highway 78, Okeechobee, FL 34971?
- With 20% down ($1,999,000) on the $9,995,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 8791 Highway 78, Okeechobee, FL 34971 is about $52,528/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 8791 Highway 78, Okeechobee, FL 34971?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 8791 Highway 78, Okeechobee, FL 34971. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 8791 Highway 78, Okeechobee, FL 34971?
- Often, yes. The right offer on 8791 Highway 78, Okeechobee, FL 34971 depends on how it's priced against comparable commercial 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 Media Realty
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 June 23, 2026.
$9,995,000
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Listed by Peter Dacko III, Media Realty
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