Lake Montaza Estates Homes for Sale

Lake Montaza Estates is a residential community in Okeechobee, Florida. Active listings are currently priced from $600K–$600K.

Pure Equity Realty covers Lake Montaza Estates and the Okeechobee area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 6 Lake Montaza Estates Okeechobee homes for sale as of October 2026. The median asking price is $524,000. Asking prices run from $449,000 to $600,000.

That is 88% above the Okeechobee median of $279,000. On a per-foot basis, homes here ask about $285 per square foot, compared with $200 across Okeechobee. So the median price buys roughly 1,850 square feet of living area.

Listings here have averaged 143 days on the market. That tracks the Okeechobee average of 169 days, so pricing and terms follow the wider city market.

Homes listed in Lake Montaza Estates date from 1983 to 2005. That puts them between 21 and 43 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Here is what the median Lake Montaza Estates price means in Florida closing terms. At $524,000, a 20% down payment comes to about $105,000, leaving a loan near $420,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,468. Next, the intangible tax of 0.2% adds about $839. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lake Montaza Estates median, that is about $3,671.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Lake Montaza Estates listings show assignments to North (elementary), Yearling (middle) and Okeechobee (high). However, boundaries can change each year, so confirm the assignment for a specific address with the county school district.