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Spacious 5-Bedroom Home with Guest House in Okeechobee

Explore this 5-bedroom, 3-bathroom residence with a guest house, vaulted ceilings, and fenced backyard in Okeechobee, FL.

$390,000

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MLS #R11054825

Listing Updated: 2026-07-14 18:44:06

Listed By: Red Gator Real Estate

Overview

Located at 1517 SW 7th Avenue in Okeechobee, this residential property offers a spacious main house and a versatile guest house. The main home features vaulted ceilings with exposed beams, creating an airy and inviting atmosphere. It includes three bedrooms and two bathrooms, complemented by interior spaces such as a bar, den/library/office, and utility room. The guest house provides a large one-bedroom layout, a bonus office or small guest room, and a handicap-accessible bathroom, ideal for extended family or additional living options. Outdoor living is enhanced by a fenced backyard with an open patio, perfect for relaxation or entertaining. The property includes metal and hurricane windows and shutters for added security and durability. The carport canvas will be replaced before closing for buyer convenience.

Property Highlights

5 bedrooms, 3 bathrooms, vaulted ceilings with exposed beams, guest house with handicap-accessible bathroom, fenced backyard with open patio, metal and hurricane windows and shutters, no garage, built in 1987.

Property Details

City: Okeechobee

State: FL

Zip Code: 34974

Address: 1517 SW 7th Avenue, Okeechobee FL 34974

Year Built: 1987

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: Red Gator Real Estate

County: Okeechobee County

Garage Spaces: 0

Parking Features:

Interior Features: Bar, Den/Library/Office, Utility Room/Laundry

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $2,314

Days On Market: 468 Days

Original Listing Description

Discover this charming property at 1517 SW 5th Ave in Okeechobee, offering both a spacious main house and a versatile guest house. The main home features vaulted ceilings with exposed beams, creating an inviting and airy atmosphere. It includes 3 bedrooms, 2 bathrooms, and plenty of character.The guest house provides a large 1-bedroom layout, a bonus office or small guest room, and a handicap-accessible bathroom, perfect for extended family or rental opportunities.Enjoy outdoor living in the fenced backyard with an open patio, ideal for relaxing or entertaining. The property boasts metal and hurricane windows and shutters for added security and durability. The carport canvas will be replaced before closing for the buyer's convenience.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1517 SW 7th Avenue, Okeechobee FL 34974

About This Neighborhood

Situated in Okeechobee, this property benefits from a quiet residential setting with access to local amenities. The neighborhood offers a blend of single-family homes and community spaces, providing a comfortable lifestyle. Residents enjoy proximity to schools, parks, and shopping centers, making daily errands convenient. The area’s calm environment and community-oriented atmosphere contribute to its appeal for families and individuals seeking a balanced lifestyle in a smaller city setting.

Walkability & Lifestyle

The property’s location in Okeechobee offers moderate walkability with access to local shops, dining options, and community parks within a short drive. Residents can enjoy nearby recreational areas and waterfront spots, enhancing outdoor lifestyle opportunities. While the neighborhood is primarily residential, essential services and amenities are easily reachable by car, supporting daily convenience and a comfortable living environment.

Things To Do Nearby

Okeechobee is known for its outdoor activities, including boating, fishing, and nature exploration around Lake Okeechobee. Residents can enjoy local dining, community events, and nearby parks. The area’s recreational opportunities support an active lifestyle, with options for golf, hiking, and waterfront experiences. Cultural attractions and entertainment venues are accessible within a reasonable distance, providing a variety of leisure activities for residents.

Nearby Schools

Okeechobee provides access to a range of educational institutions that serve families in the area. The neighborhood’s location allows for convenient travel to nearby public and private schools, supporting families with children of various ages. Educational access is an important consideration for buyers relocating with families, and the community’s school options contribute positively to the overall living experience in this part of Florida.

Why Buyers Like This Area

Buyers appreciate this Okeechobee property for its spacious layout, the inclusion of a guest house, and the practical features such as vaulted ceilings and a fenced backyard. The versatile living spaces accommodate families, guests, or rental possibilities. Its location in a quiet neighborhood with convenient access to amenities adds to its appeal. The property’s durable construction elements, including metal and hurricane windows, provide peace of mind. Overall, it offers a balanced lifestyle with room to grow.

Investment Potential

This property in Okeechobee offers flexible living arrangements with a main house and guest house, appealing to buyers seeking multi-generational homes or rental opportunities. Its location in a residential neighborhood supports steady demand. The presence of a handicap-accessible bathroom in the guest house adds versatility. While the market in Okeechobee is stable, properties with additional living spaces tend to attract diverse tenant profiles, enhancing usability for investors considering rental options. The fenced backyard and outdoor patio also increase appeal for families and long-term residents.

Market Trends

Okeechobee’s real estate market reflects steady buyer interest, particularly in single-family homes that offer space and versatility. Inventory levels support a balanced market, with properties featuring additional living spaces, like guest houses, gaining attention. The city’s location and community amenities maintain consistent demand from buyers looking for affordable homes with functional layouts. Long-term interest remains stable as the area continues to attract those valuing a quieter lifestyle within Florida.

Rental Income Potential

Properties with separate guest houses in Okeechobee can attract tenants seeking privacy and additional space, which is advantageous for rental potential. The main house combined with a guest house offers options for multi-tenant occupancy or short-term rentals, depending on local regulations. Seasonal demand in Florida may also support rental interest during peak periods. The handicap-accessible bathroom in the guest house broadens tenant appeal. Prospective landlords should consider market conditions and tenant preferences when evaluating rental opportunities.