16734 NW 242ND STREET, OKEECHOBEE, FL, 34972
Active205 days on marketListed Apr 15, 2026MLS #O6399257
About this home
16734 NW 242ND STREET
Prime residential lot opportunity in Okeechobee, Okeechobee County. Situated near major highways, this property offers convenient access to highways (approximately 1.79 miles), M&S Trash Removal (1.84 miles), and Texarican (1.65 miles). The lot is located in Flood Zone X, indicating minimal flood risk outside the 100- and 500-year floodplains with no special elevation requirements or major permitting hurdles for construction. However, the property contains Wet Prairie Wetlands (Code 6430), classified as protected wetlands. This may restrict development, requiring environmental permits from agencies such as the USACE or local authorities, possible mitigation or avoidance plans, and could significantly limit the buildable area. Buyer must contact Okeechobee County Planning Department for official verification on allowed residential uses including single-family homes, manufactured homes, or other options, as well as all setbacks, utility availability, and development requirements. The property is available for a self-guided tour. This lot is not available for rent or lease.
Facts & features
The home at a glance
2.5 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,171 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,171/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
The numbers that matter
The Okeechobee market
$166K → $262K
Okeechobee median sold, yr/yr
95.3%
Sale-to-list ratio (12 mo)
Median sold price, Okeechobee, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 55% below the Okeechobee median. See the full Okeechobee market guide →
Paper trail
This home's history
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about 16734 NW 242ND STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 16734 NW 242ND STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
16734 NW 242ND STREET FAQs
What would the monthly payment be for 16734 NW 242ND STREET?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $1,171/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 16734 NW 242ND STREET?+
The most recent tax bill on record (2025) was $729. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Okeechobee?+
At $130,000, this home is listed about 55% below the Okeechobee median of $287,450. The market section on this page shows how the area is trending.
The brief
Three things that matter here
01Under the Okeechobee market on paper
$130,000 is 55% below the Okeechobee median of $287,450.
02Time on market is leverage
205 days on market against a Okeechobee median of 73 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $150,000, now $130,000 — a $20K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of SUNLAND REAL ESTATE, LLC. · Javier Santana. MLS #O6399257.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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