Independent + Unofficial
Unofficial independent website. Not affiliated with Lakefront Estates & Villas, Okeechobee Community Developers LLC, its developers, lenders, brokers, associations, or any related entity. Information is compiled from public records, company disclosures, official documents, news reports, and other cited sources. Errors and later changes are possible.
News & updates · MethodologyProject dossier · Glades County, Florida
Last researchedWho owns it. Who is involved. How it is financed. What has been spent.
What is being built. Which properties are closing.
525–526
Source record
Approximate development size is 525 to 526 gross acres, depending on document rounding.
≈1,300
Source record
Planned residential buildout is approximately 1,300 residential units.
≈$92M
Source record
The collective EB-5 loan from EB-5 United Okeechobee LLC and EB-5 United Okeechobee II LLC was reported as approximately $92 million outstanding. Outstanding principal on this date is not Form D amount sold and is not final investor subscriptions.
$8.99M
Source record
Series 2025 Special Assessment Bonds for Assessment Area One were issued in the aggregate principal amount of $8.99 million.
Project roles · Personal ownership percentages are not established.
Source record
Principal figure in JAM Equities LLC, which the offering document identifies as 50% member and sole manager of the developer. The membership percentage belongs to the LLC.
Source record
Principal figure associated with JAM Equities.
Source record
Named with Mike Silber in the offering document's description of Lightstone.
Source record
Co-principal associated with Lightstone Holdings LLC in the offering document.
Source record
Associated with Accurate, which Lakefront and EB-5 materials name as a project developer.
Source record
Director of Development and Construction for Okeechobee Community Developers in a December 2025 government filing.
A combined-financing claim in this filing is not treated as cash already invested.
Private debt & public infrastructure
$200M
Contractual ceiling. Not an amount raised or disbursed.
Source record
The recorded EB-5 mortgage states a maximum principal of $200 million. Maximum principal is a contractual ceiling. It is not an amount disbursed.
The November collective outstanding balance and the December note principal are different dated observations. They are not combined.
Read the figures and their sources →Amount not fully disclosed
Source record
The December 2025 CDD offering document describes Okeechobee Community Developers LLC as the sole landowner and developer at that time. Company membership percentages do not state dollar contributions.
Company membership percentages do not state dollar contributions.
EB5 United Okeechobee I / II
Source record
The collective EB-5 loan from EB-5 United Okeechobee LLC and EB-5 United Okeechobee II LLC was reported as approximately $92 million outstanding. Outstanding principal, not final subscriptions. Exact investor totals remain undisclosed.
Outstanding principal, not final subscriptions. Exact investor totals remain undisclosed.
Assigned into the consolidated facility
Source record
The December 31, 2025 consolidation identifies an outstanding construction-loan balance of $19,461,366.93. Existing balance identified in the later instrument. The earlier maximum is separate from the new facility.
Existing balance identified in the later instrument. The earlier maximum is separate from the new facility.
Deposits reported received
Source record
Home sale contracts were reported to require approximately a $25,000 nonrefundable deposit, with approximately $325,000 in deposits reported received. Historical reported amount. Not a current deposit total or a recorded closing count.
Historical reported amount. Not a current deposit total or a recorded closing count.
Lakefront Estates CDD
Source record
Series 2025 Special Assessment Bonds for Assessment Area One were issued in the aggregate principal amount of $8.99 million. Series 2025 special assessment bonds. Separate public infrastructure financing.
Series 2025 special assessment bonds. Separate public infrastructure financing.
Dated records
No individual home deed closing is confirmed as of October 7, 2026. The county index was verified only through September 24, 2026, so this is not a finding that no closing occurred.
Source record
No individual home deed closing is confirmed as of October 7, 2026. The county index was verified only through September 24, 2026, so this is not a finding that no closing occurred.
The fiscal year 2026-27 budget is the current budget-year reference. Several Rashi Drive listings were under contract, or showed a conflicting pending status, around October 1, 2026. Those rows are listings, not closings.
Source record
The fiscal year 2026-27 budget is the current budget-year reference. Several Rashi Drive listings were under contract, or showed a conflicting pending status, around October 1, 2026. Those rows are listings, not closings.
Budget year beginning October 1, 2026.
Listing prices and contract status supplement recorded deeds. Photographs and listing descriptions are not republished.
Lakefront Estates Neighborhood Association, Inc. incorporated as a Florida nonprofit, document number N26000013287, with the same three officer names as the September 16 community-association amendment.
Source record
Lakefront Estates Neighborhood Association, Inc. incorporated as a Florida nonprofit, document number N26000013287, with the same three officer names as the September 16 community-association amendment.
Reported spent · October 2025 snapshot
≈$35M
Source record
As of October 2025, the developer reported approximately $34.59 million to $35 million in land-development costs.
≈$18M
Source record
As of October 2025, the developer reported approximately $18 million in vertical construction spending.
≈$3.5M
Source record
As of October 2025, the developer reported approximately $3.5 million in general conditions.
≈$33M
Combined category. Marketing cannot be isolated from this figure.
Source record
As of October 2025, the developer reported approximately $33 million in a combined category of architecture and engineering, consulting, marketing, and financing costs. Marketing is not isolated inside this category.
≈$89.5M Derived sum of the reported categories · Oct 1, 2025
These categories may overlap and are not an audited capital stack or proof of all project spending.
Source record
Arithmetic sum of the four reported categories: About $35 million + About $18 million + About $3.5 million + About $33 million combined. Completeness and non-overlap are not established.
Transactions, listings & records
No individual home deed is confirmed as of Oct 7, 2026. That is not proof that no closing occurred. Asking prices and listing status are separate from recorded closings.
$703,000 asking price
Under contract
Observed Oct 1, 2026
Source record
1821 Rashi Drive: $703,000 listing price; Under contract, observed Oct 1, 2026. A listing is not a recorded closing.
Listing prices and contract status supplement recorded deeds. Photographs and listing descriptions are not republished.
$914,000 asking price
Active under contract
Observed Oct 1, 2026
Source record
1889 Rashi Drive S: $914,000 listing price; Active under contract, observed Oct 1, 2026. A listing is not a recorded closing.
Listing prices and contract status supplement recorded deeds. Photographs and listing descriptions are not republished.
$625,000 asking price
Under contract
Observed Oct 1, 2026
Source record
1924 Rashi Drive: $625,000 listing price; Under contract, observed Oct 1, 2026. A listing is not a recorded closing.
Listing prices and contract status supplement recorded deeds. Photographs and listing descriptions are not republished.
$625,000 asking price
Conflicting listing feeds
Observed Oct 7, 2026
Source record
1906 Rashi Drive: $625,000 listing price; Conflicting listing feeds, observed Oct 7, 2026. A listing is not a recorded closing.
Listing prices and contract status supplement recorded deeds. Photographs and listing descriptions are not republished.
From land use to the current record
The documented development plan
Bar lengths compare planned unit counts by product. These are planned homes, not completed homes or recorded sales.
Source record
1300 planned residential units; Emerald: 404; Townhome: 272; Luxor: 213; Duplex: 162; Ranch: 144; Majestic: 105.
199
Source record
Assessment Area One plans 199 residential units.
≈209,836
Source record
Assessment Area One plans approximately 209,836 square feet of commercial uses.
≈$13.9M
Acquisition figure in the December 2025 offering document. The recorded deed's stated consideration has not been separately confirmed.
Source record
December 2025 CDD documentation states the approximately 525-acre land was acquired for about $13.9 million. About $3.5 million of the purchase price was attributed to Assessment Area One. The recorded deed's stated consideration has not been separately confirmed.
Historical plans and projected facility completion dates do not establish current construction or occupancy.
Verify the record
Key facts
Source record
Budget-year figures for assessments, interest income, and the bond-payment provision.
Budget year beginning October 1, 2026.
Primary record · Original documents remain with their publisher.
Key facts
Source record
Recorded January 6, 2026, Book 422, Page 247. Use the county record rather than a hosted copy.
Primary record · Original documents remain with their publisher.
Key facts
Source record
Principal source for ownership, project status, financing, spending, product mix, and the Series 2025 bonds.
Primary record · Original documents remain with their publisher.
Unknowns stay visible
Company membership does not establish an individual’s share.
Research questions →Dollar contributions by partner are not fully disclosed.
Research questions →The final subscriptions and advances are not established.
Research questions →Marketing is included in a larger combined cost category.
Research questions →A public contract value is not established.
Research questions →County indexing can lag behind actual closings.
Research questions →