7650 Highway 78

Okeechobee, FL 34974

$1,350,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of swimming pool with outdoor seating
a view of a house with swimming pool and a yard
a view of a house with backyard and entertaining space
a view of balcony with a table and chairs
a view of empty room with window and fireplace
a bathroom with a sink and toilet
a view of a closet
a view of an empty room with wooden floor and a window
a kitchen with granite countertop wooden cabinets and a stove top oven
a front view of a house with garden
a swimming pool with a yard
a view of a basket ball ground
a view of outdoor space and yard
a view of a terrace with a garden
a view of a terrace with swimming pool
a view of a yard with table and chairs and a yard
a view of a yard
a view of house with yard
a view of a ocean view
a view of a car parked in the parking
a car parked in front of house
a front view of a house with garden
a view of a yard with cars
a view of a yard with an trees
a view of a house with pool and a yard
a view of a backyard with large trees
a view of a back yard
a view of a outdoor space
a view of outdoor space with playground and green space
a view of a water fountain and a yard
a view of a house with a backyard and porch
a view of a backyard
a view of street with seating space
a view of backyard with green space
a view of a yard with wooden fence
a view of a yard with cars

Description

Cloverport Mobile Home Park offers a compelling value-add investment with an in-place 9.25% cap rate and an estimated 11.0% capitalization rate based on stabilized income. Ownership has experienced a shift in motivation and has aggressively reduced the asking creating a massive upside potential. The property is strategically located minutes from Lake Okeechobee, the central business district, providing convenient access to dining, shopping, and employment centers. Cloverport consists of 27 mobile...Cloverport Mobile Home Park offers a compelling value-add investment with an in-place 9.25% cap rate and an estimated 11.0% capitalization rate based on stabilized income. Ownership has experienced a shift in motivation and has aggressively reduced the asking creating a massive upside potential. The property is strategically located minutes from Lake Okeechobee, the central business district, providing convenient access to dining, shopping, and employment centers. Cloverport consists of 27 mobile home pads plus one CBS studio apartment, situated on over 2.5 acres with three points of ingress/egress. The park features sub-metered public water and septic, on-site laundry facilities, and annual leases.
  1. Listed by Peter Dacko • Media Realty

Amenities

  • Laundry in Building
  • Laundry
LISTING UPDATED: 12/17/2025 04:56 PM

Property Details for 7650 Highway 78

StatusActive
MLS #F10449471
Days on Market577
Taxes$15,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi-Family
Year Built1984
Lot Size2.50 AC / 108,900 SF
CountyOkeechobee County

Location

Listing Courtesy of Media Realty
Add your commute

Building Information for 7650 Highway 78

Stories-Residences-Year Built1984Building Size-Lot Size2.50 AC / 108,900 SF

Payment Calculator

$7,830 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,580

Property Taxes

$1,250

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7650 Highway 78

General Information
General Information
  • Information Available: Investment Analysis
  • Street Number Numeric: 7650
  • Street Name: Highway 78 W
  • County Or Parish: Okeechobee County
  • Postal Code: 34971
  • City and Location Text: Okeechobee
  • City Postal ID: 34971
Maintenance / Tax Information
  • Tax Amount: $15,000
  • Tax Year: 2025
Building Information
  • Property Type: Commercial/Industrial
  • Type of Property: Income/Multi-Family
  • Year Built Numeric: 1984
  • Year Built Description: Resale
  • MLS Area: 6240 - NW County (OK)
Virtual Tour / Features / Utilities
Waterfront
  • Water Description: Public Water
Utilities
  • Cooling Description: Central Individual A/C
  • Heating Description: Central Individual A/C
  • Sewer Description: Public Sanitation
Property / Lot Information
Building Information
  • Unit Count: 0
  • Zoning Information: RR
Community Information
  • Common Area Maint Amount: $11,520
  • Common Area Maint Includes: Water
  • Property Management: No
Location Information
  • Area: 6240 - NW County (OK)
  • Directions: *****DOWNLOAD OFFER MEMORANDUM FOR DETAILED PROPERTY DESCRIPTION, RENT ROLL, INCOME & EXPENSES, ETC.******
  • Geographic Area: OK40
  • Parcel Number Free Text: 1-08-38-35-0A00-00017-0000
  • State: FL
Lot Information
  • Approximate Lot Size: 108900
  • Total Acreage: 3
Multi Family Information
Expense Information
  • Source of Expenses: Owner Provided
Income Information
  • Gross Scheduled Income: $211,800
  • Inc Exp Statement Period: 2025
  • Net Operating Income: $124,917
  • Vacancy Rate: 40,242

Property History for 7650 Highway 78

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Price Change

GFLR #F10449471

$1,350,000—
Feb 24, 2025

Price Change

GFLR #F10449471

$1,699,900—
Jan 31, 2025

Expired

MFRMLS #J979045

$1,799,000—
Nov 26, 2024

Price Change

GFLR #F10449471

$1,799,000—
Jul 30, 2024

Listed (Active)

MFRMLS #J979045

$1,890,000—
Jul 5, 2024

Listed (Active)

GFLR #F10449471

$1,890,000—
Mar 31, 2023

Expired

MFRMLS #OK221246

$1,295,000—
Apr 4, 2022

Listed (Active)

MFRMLS #OK221246

$1,495,000—
May 7, 2018

Sold (Public Record)

Public Record #625269653

$195,000

+2.6% / yr

Apr 1, 2015

Sold (Public Record)

Public Record #524403318

$180,000

-1.6% / yr

Jan 3, 2003

Sold (Public Record)

Public Record #108009175

$220,000—
DateEvent & SourcePrice
12/17/2025

Price Change

GFLR #F10449471

$1,350,000
02/24/2025

Price Change

GFLR #F10449471

$1,699,900
01/31/2025

Expired

MFRMLS #J979045

$1,799,000
11/26/2024

Price Change

GFLR #F10449471

$1,799,000
07/30/2024

Listed (Active)

MFRMLS #J979045

$1,890,000
07/05/2024

Listed (Active)

GFLR #F10449471

$1,890,000
03/31/2023

Expired

MFRMLS #OK221246

$1,295,000
04/04/2022

Listed (Active)

MFRMLS #OK221246

$1,495,000
05/07/2018

Sold (Public Record)

Public Record #625269653

$195,000

+2.6% / yr

04/01/2015

Sold (Public Record)

Public Record #524403318

$180,000

-1.6% / yr

01/03/2003

Sold (Public Record)

Public Record #108009175

$220,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7650 Highway 78

Taxable ValueLand$271,850Additions$294,880Total$566,730
Tax Record2025$7,772 ($648 / month)
Home Facts
Beds0Total Finished SqFt434 SqFtAbove Grade Finished SqFt434 SqFtLot Size96,093 SqFtStyleSingle Family ResidenceYear Built1984CountyOKEECHOBEEAPN1-08-38-35-0A00-00017-0000

Schools near 7650 Highway 78

This home is within Okeechobee.
Rating
School
Type
Grades
Distance
South Elementary School
Public - PK to 6
Osceola Middle School
Public - 6 to 8
Okeechobee High School
Public - 9 to 12
Okeechobee Virtual Instruction Program
Public - K to 12
Rating
School
Distance
South Elementary School
PublicPK to 6

Osceola Middle School
Public6 to 8

Okeechobee High School
Public9 to 12

Okeechobee Virtual Instruction Program
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7650 Highway 78, Okeechobee, FL 34974

7650 Highway 78 is a multi-family home for sale in Okeechobee, FL 34974. This property was listed for sale on July 5, 2024 by Media Realty, it's currently listed at $1,350,000. It has been on the market for a total of 577 days and was last sold on May 7, 2018. This listing's school district is Okeechobee. Nearby schools include South Elementary School, Osceola Middle School and Okeechobee High School. 7650 Highway 78 is a 0-bed, 0-bath, multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Media Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.