Of Lucy Island Subdivision Homes for Sale

Of Lucy Island Subdivision is a residential community in Okeechobee, Florida.

Pure Equity Realty covers Of Lucy Island Subdivision 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 a single listing for Of Lucy Island Subdivision Okeechobee homes for sale as of October 2026. The median asking price is $260,000.

That is 7% below the Okeechobee median of $279,000. On a per-foot basis, homes here ask about $266 per square foot, compared with $200 across Okeechobee. So the median price buys roughly 1,000 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 22 days on the market. That is faster than the Okeechobee average of 169 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Of Lucy Island Subdivision date from 1978, so they are about 48 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

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 Of Lucy Island Subdivision price means in Florida closing terms. At $260,000, a 20% down payment comes to about $52,000, leaving a loan near $208,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $728. Next, the intangible tax of 0.2% adds about $416. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Of Lucy Island Subdivision median, that is about $1,819.

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.