48
Map
$749,000
↓ $10K (1.3%)
●
House -
For Sale
115 Pepper Lane
Jensen Beach, FL 34957
3 Beds
2 Baths,
1
Half Bath
2,371 Ft²
$4,757
Est. Monthly
$517
HOA / Fees
About This Property
Experience the best of Hutchinson Island living in this unique
3-bedroom, 2.5-bath home in a small, gated island community
directly across from the beach. Designed for entertaining and an
active coastal lifestyle, the open living, dining and kitchen area
features a custom kitchen with quartz countertops, cooktop,
built-in microwave and wall oven combination and a beverage cooler.
A first-floor enclosed flex room is perfect for an office or gym,
while the upstairs loft provides additional living space. The
incredible rooftop terrace is made for morning coffee, dining,
entertaining or cocktails under the stars. Enjoy the community
pool, bike the island, surf or walk across the street to the
lifeguarded beach with public restrooms. End the day with a stroll
to the community viewing dock for sunset over the Intracoastal.
Roof replaced in 2022. Close to local restaurants and Downtown
Jensen Beach-this is island living from sunrise to sunset.
Unit Size
2,371 Ft²
Days on Market
29 days
Land Size
0.09 acres
Price per sqft
$316
Property Type
House
Property Taxes
$562
HOA Dues
$517
Year Built
1994
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 days ago (MCRTC #M20057271)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2026 | Price Decreased |
$749,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Oct 14, 2026 | Listed by Illustrated Properties LLC | $759,000 | |
| Listed by Illustrated Properties LLC | |||
| Aug 15, 2018 | Sold | ||
| Sold | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jun 11, 2018 | Listed | $425,000 | |
| Listed | |||
| | |||
|
Here it is! Elegant beach living on Hutchinson Island at Bay Tree, a picture perfect gated community with easy living. Explore a private nature walk to the community pier and enjoy beautiful sunsets. Leave your worries behind when relaxing in the heated community pool at the clubhouse. Energize your soul at Waveland Beach (free to public) with a manned lifeguard station, just a short walk across the street. Home has an updated custom designed kitchen, with attention to detail such as, a built-in hexagon high-top, wine fridge, wine rack and lots of storage. This 3/2.5/2 has high ceilings and lots of light, open concept (Possible 4th bedroom/Office/Workout room on main level). Huge Master living area with a spa-like on suite, loft and a breezy roof top balcony to entertain. Lots of storage. Porch on main level, recently closed in. Accordion hurricane shutters. Now, can you picture yourself living this Florida dream? Showings start after April 2nd, 2018. The manager has listed the unit size as 2371 square feet.
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Bidet, High Ceilings, Kitchen Island, Walk-In Closet(s), BreakfastArea, Bathtub, DualSinks, KitchenDiningCombo, LivingDiningRoom, SeparateShower
Appliances: Cooktop, Dishwasher, Ice Maker, Refrigerator, Water Heater, Wine Refrigerator, Washer, SomeElectricAppliances
Flooring Type: Ceramic Tile
Exterior Details
Square Footage: 2371
Security Features: Gated Community
Property Condition: Resale
Architectural Style: Traditional
Year Built: 1994
Building Area Total: 2787
Window Features: Bay Window(s)
Construction Materials: Block, Concrete
Pool Features: Community
Lot Size Area: 0.0908
Lot Size Units: Acres
Lot Size Acres: 0.0908
Lot Size Square Feet: 3955.248
Water Source: Public
Financial Details
Tax Annual Amount: $6,743
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, AssociationManagement, CommonAreas, Pools
HOA Fee: $517
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About South Hutchinson Island
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Listed by: Amy Hayden, Illustrated Properties LLC
Last Updated: 2 days ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20057271
Last Updated: 2 days ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20057271
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.
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