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About this home

Rare opportunity to own one of the largest homesites in the neighborhood! Situated on approximately 1.25 acres across two parcels with road frontage on three sides, this custom 3BR/2.5BA home offers endless potential. Features include a formal living room, formal dining room, separate den, oversized primary suite, and a screened sunroom with tongue-and-groove wood ceilings and exposed beams overlooking the heated pool and spa inside a huge screened enclosure. The living room also features matching wood ceilings. Additional highlights include a newer metal roof, whole-house generator, city water & sewer, circular driveway, and majestic mature oak trees. While the interior could use updating, the home has great bones and an exceptional floor plan in a one-of-a-kind setting.

Facts & features

Interior

  • Built-in Features
  • Pantry
  • Vaulted Ceiling(s)
  • Volume Ceilings
  • Walk-In Closet(s)
  • Storage

Appliances

  • Dishwasher
  • Dryer
  • Microwave
  • Other Equipment/Appliances
  • Electric Range
  • Refrigerator
  • Washer

Cooling & heating

  • Ceiling Fan(s)
  • Central Individual A/C
  • Central Air
  • Central

Flooring

  • Carpet
  • Terrazzo
  • Tile
  • Vinyl

Parking

  • 2 Or More Spaces
  • Circular Driveway
  • Detached
  • Driveway
  • Parking Garage

Community amenities

  • Private Pool

Security

  • Smoke Alarm
  • Smoke Detector(s)
  • Smoke Detector

Pets

  • Yes

Construction & roof

  • CBS Construction
  • Slab Construction
  • Stone
  • Metal
  • Metal Roof

Assigned schools

Elementary

Central

Middle

Osceola Creek

High

Okeechobee

School assignments should be independently verified.

Location

1501 SE 8TH Drive, Okeechobee

Mortgage Estimator

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Home priceUSD
Enter as digits, with commas, or shorthand: 1.9M · 1900K · 1,895,000
ZIP codeMartin
Martin County (approximate from ZIP prefix).
Payment typeFinanced
Conventional or jumbo loan, depending on size.
Down payment20% · $102,800
%
$411,200 financed
Loan termyears
Base rate% (760+ band)
Loading current market rate...
Your rate at 740-759:6.995%(base + 0.12%)
Primary residenceNo
No homestead exemption — full property tax applies.
Credit score banddrives rate
Lenders price LLPA adjustments by credit band. See impact panel for monthly + lifetime deltas.
Your finances optional, for DTI
Gross annual income
$
Other monthly debts
$
Household combined pre-tax income and the sum of your monthly debt-service payments (auto loans, student loans, credit-card minimums). We don't count groceries, utilities, or insurance — those don't factor into lender DTI.
Estimated monthly
$3,603
Per month, all-in
76%P&I SHARE
Monthly breakdown
  • Principal & interest$2,73476%
  • Property taxes$45012%
  • Insurance$41912%

Tax: Martin County effective rate (1.05%). Source: FL Department of Revenue. Listing tax released — likely a lot-only new-construction assessment.

Insurance: Direct coastal exposure — Florida hurricane corridor. Estimate; actual quote can be 30–50% higher on older homes or homes without wind mitigation.

Cash & qualification
Cash at closing
$123,661
Income to qualify
$155,000/yr
Credit-score impact

Improving from 740-759 to 760+ would save $33/mo and $11,899 over the life of this loan.

Over the life of the loan
Total paid
$984,364
Total interest
$573,164
Paid off
2056
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The data relating to real estate for sale on this web site comes in part from the participants of the Miami Association of REALTORS® IDX program. Information is deemed reliable but not guaranteed. Listings displayed may not reflect all real estate activity in the market. Copyright © 2026 Miami Association of REALTORS®. All rights reserved.