8761 Highway 78, Okeechobee, FL 34971

$5,900,000

Virtual Tour

https://www.propertypanorama.com/8761-Highway-78-W-Okeechobee-FL-34971/unbranded

Property Type: Commercial Sale Status: Active

Current Price: $5,900,000 List Date: 12/13/2025 Last Modified: 4/09/2026

Overview

Description

Value Add - Owner Financing Available. 2 Contiguous RV Parks with 123 Pads - The offering presents an exceptional opportunity to acquire two contiguous RV parks—Dew Drop RV Park and Okeechobee Lake RV Park—positioned on a combined 10.2 acres with canal frontage providing direct access to Lake Okeechobee, one of Florida’s most iconic natural landmarks. Dew Drop was developed in 1988 and spans 3.9 acres featuring 57 well-maintained, rent-only pads. The park is thoughtfully designed with dual access points, paved interior roadways, and sub-metered public water with septic infrastructure in place. Okeechobee Lake RV Park encompasses 66 rent-only pads and offers residents a clubhouse, freestanding bathroom/shower facility. Tenants are billed for their pro-rata share of water/electric.

Supplements: +++ Download the Offer Memorandum for all details regarding the opportunity. +++

Listing Details MLS# F10540979

General Property Information

Property Sub Type: Multi Family
Number Of Units Total: 123
Occupant Type: Tenant
Year Built: 1984
Lot Size Acres: 10.6

Property Features

Common Area Maintenance Includes: Interior Electric; Sewer; Water Documents Available: Investment Analysis Possession: Close Of Escrow Property Condition: Resale Source Of Expenses: Owner Provided Listing Terms: Cash; Conventional; USDA Loan Structure Type: Warehouse Water Source: Public Showing Requirements: Call Listing Agent; Call Listing Office

Contract Information

Comp Sale YN: No
Original List Price: 7350000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Okeechobee
County Parish Name: Okeechobee
Street Number: 8761
Street Name: Highway 78
City Name: Okeechobee
State Or Province: FL
Postal Code: 34971
Area: 6240 - NW County (OK)
Geographic Area: OKCB - Okeechobee
Parcel Number: 1-17-38-35-0A00-00005-0000
Zoning: RR
Directions: +++ Download the Offer Memorandum for all details regarding the opportunity. +++

Status Change Information

Major Change Timestamp: 2026-02-21T15:39:47Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-21T15:39:47Z
Status Change Date: 2025-12-13

Income and Expenses

Gross Income: 751000
Gross Scheduled Income: 693000
Net Operating Income: 390856
Other Expense: 288799
Occupancy Percentage: 87

More Information

Originating Details

Originating System Key: 607680479
Originating System ID: M00000170

Currently Not Used

Ownership Type: Corporation

Office/Member Information

DXORIGMLSID: FLL

Property Condition

Resale: Yes

Documents Available

Investment Analysis: Yes

Structure Type

Warehouse: Yes

Possession

Close Of Escrow: Yes

Common Area Maintenance Includes

Interior Electric: Yes
Sewer: Yes
Water: Yes

Listing Terms

Cash: Yes
Conventional: Yes
USDA Loan: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Showing Requirements

Call Listing Agent: Yes
Call Listing Office: Yes

Listing Office: Media Realty

Last Updated: April - 09 - 2026

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8761 Highway 78, Okeechobee, FL 34971 (MLS# F10540979)