NOT LISTED FOR SALE

26795 Port Mayaca Dr Okeechobee, FL 34974

Estimated Value: $3,684,000

40 Acres
$92,100 Price per Acre
1,742,400 Sq Ft Lot

Last Sold May 02, 2023

Last sale price $2,700,000

Est. 36% increase in value since last sale

Current estimated payment $20,607/month

251 Days on Market

Highlights

  • Water Views
  • Private Membership Available
  • Interior Lot
  • 40 Acre Lot

About This Lot

As of May 2023

Postage Stamp Polo Farm at Port Mayaca Polo Club is a turn-key, newly constructed 40 acre polo facility with a private-tournament grade polo field, and highest quality equestrian improvements including a 28 stall barn, separate 3 bedroom groom's residence, Honomobo club-house/lounge overlooking the polo field, extensive paddocks.Postage Stamp Polo Farm at Port Mayaca Polo Club in Martin County, Florida. This turn-key, newly constructed 40 acre polo facility offers the unique combination of a private-tournament grade polo field, together with the highest quality equestrian improvements including a 28 stall barn, separate 3 bedroom groom's residence, Honomobo club-house/lounge overlooking the polo field, extensive paddocks.

Last Agent to Sell the Property

Brad Scherer

Atlantic Western Realty Corp License #245402 Listed on: 08/23/2022

Last Buyer's Agent

Brad Scherer

Atlantic Western Realty Corp License #245402 Listed on: 08/23/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $695

Lot Details

  • 40 Acre Lot
  • Interior Lot
  • Site Plan Filed
  • Property is zoned AG 20

HOA Fees

  • $333 Monthly HOA Fees

Property Views

  • Water Views

Community Details

  • Private Membership Available
  • Port Mayaca Plantation Ph Subdivision

Listing and Financial Details

  • Assessor Parcel Number 273937002000002000

Property Details

Property Type

Land

Est. Annual Taxes

$695

Lot Details

0

HOA Fees

$333 per month

Listing Details

  • Prop. Type: Land
  • Directions: US 441/Connors Highway north fo Port Mayaca to entrance of Port Mayaca Plantation. Follow SW Port Mayaca Dr. to Property on left
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Other, Water
  • Lot Features: Interior Lot
  • Waterfront: No
  • Disclosures: Agricultural Exemption, Deed Restriction, Easement(s)

Condo/Co-op/Association

  • Association Fee: 333.0
  • Amenities: Private Membership
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 273937002000002000
  • Current Use: Other
  • Development Status: Site Plan Filed
  • Lot Size Acres: 40.0
  • Lot Size: 26 to 50 Acres,Interior
  • Zoning Description: AG 20

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 695.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2022
Closed on
May 2, 2023
Sold by
Psf Land Llc
Bought by
Tanasi H Llc
Seller's Agent
Brad Scherer
Atlantic Western Realty Corp
Buyer's Agent
Brad Scherer
Atlantic Western Realty Corp
List Price
$4,900,000
Sold Price
$2,700,000
Premium/Discount to List
-$2,200,000
-44.9%
Current Estimated Value
$3,684,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$984,000
Avg. Annual Appreciation
12.29%

Purchase Details

Closed on
Nov 10, 2020
Sold by
Orthwein Port Mayaca Investments Llc
Bought by
Psf Land Llc

Purchase Details

Closed on
Nov 12, 2008
Sold by
Orthwein Stephen A
Bought by
Orthwein Port Mayaca Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Tanasi H Llc $2,700,000 None Listed On Document
Tanasi H Llc $2,700,000 None Listed On Document
Psf Land Llc $460,000 Attorney
Orthwein Port Mayaca Investments Llc -- Attorney
Orthwein Port Mayaca Investments Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2023 05/02/23 Sold $2,700,000 -35.7% --
01/26/2023 01/26/23 Price Changed $4,200,000 -14.3% --
08/23/2022 08/23/22 For Sale $4,900,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,126 $730,519 -- --
2024 $10,952 $665,934 -- --
2023 $10,952 $632,210 $0 $0
2022 $684 $41,180 $0 $0
2021 $347 $20,080 $20,080 $0
2020 $350 $20,080 $0 $0
2019 $355 $20,080 $0 $0
2018 $432 $25,620 $0 $0
2017 $411 $25,740 $0 $0
2016 $413 $25,870 $0 $0
2015 $372 $25,990 $0 $0
2014 $372 $22,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brad Scherer

    Seller's Agent in 2023

    Brad Scherer

    Atlantic Western Realty Corp

    (561) 308-5808

    13 Total Sales

    Brad Scherer
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10826699

BeachesMLS (Greater Fort Lauderdale)

APN: 27-39-37-002-000-00200-0

Florida Martin County Okeechobee 34974

26795 Port Mayaca Dr, Okeechobee, FL

Not Listed for Sale

Lots

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