Step inside this single-story South Sewall's Point heated pool home
and you're greeted by cathedral ceilings and a direct view of the
pool and lush tropical landscaping, giving the home a spacious,
elevated feel. The 3-bedroom, 3-bath split floor plan offers 2,523
SF on a half-acre corner lot. The grand primary suite, with
extensive closet space, sits at one end. At the other, an
additional en-suite, a third bedroom and a full cabana bath. The
private backyard retreat includes an expansive screened lanai and
dining area, with significant fenced, private lawn beyond. Granite
kitchen island, formal dining and a 2-car garage. The location is
exceptional for walking and biking this extraordinary town, with a
2-mile ride to the ocean beaches and 4 miles to charming downtown
Stuart. Tucked into the established Hillcrest neighborhood, the
home has been thoughtfully cared for, with plantation shutters
throughout, a recently repainted interior, refinished kitchen
cabinets and a 2021 Trane A/C. The primary bath features a walk-in
shower and separate tub, and the walk-in closet is outfitted with
built-ins. The kitchen's large granite island with breakfast bar is
made for casual meals, and the formal dining room is ready for
holidays and dinner parties. Per the 2023 boundary survey, the
home, garage, pool and hardscape all sit in Flood Zone X. Public
water and septic. Assigned schools per county records are Felix A.
Williams Elementary, Stuart Middle and Jensen Beach High.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
This Sewall's Point gem was totally remodeled in 2003/2004. New barrel tile roof in 2006. Volume & coffered ceilings throughout, lovely master suite with 3 walk-in closets. Huge covered & screened lanai lends itself to entertaining for large groups. Upgrades include extensive use of granite & stone, 20" rectified tiles throughout, KitchenAid appliances, custom trim, crown moldings & cabinetry milled on premise. Beautifully landscaped corner lot with brick paver walkway & circular paver driveway. Furnishings & both Murphy beds are not included but negotiable.
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
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