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North River Shores 34994 North River Shores
1203 NW Spruce Ridge Drive
$400,450
● House - Off Market

1203 NW Spruce Ridge Drive

Stuart, FL 34994
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,575 Ft²
$512,632
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

IMMACULATE  CBS pool home 3/2/1 nestled on lovely half acre in highly desirable North River Shores. You will love living here! Light, bright and airy.  Well maintained split plan with 3rd bedroom currently being used as office. Excellent schools, community boat ramp, and close to all shopping and beaches. NRS allows RV and boat parking. This home has extended driveway perfect for all of the toys!  www.NRSPOA for additionally community information
Unit Size
1,575 Ft²
Days on Market
107 days
Land Size
0.44 acres
Price per sqft
$256
Property Type
House
Property Taxes
$314
HOA Dues
$15
Year Built
1969

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MCRTC #M20026192)

Price History

Date / Event Date Event Price
Feb 4, 2021 Sold
Premium
Sold
Oct 14, 2020 Listed by Realty One Group Engage $415,000
Listed by Realty One Group Engage
Aug 10, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 77
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 19,297
  • Total Building Area: 1,835
  • Gross Building Area: 2,085
  • Building Area: 1,575
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,575
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH RIVER SHORES
  • Land Acres: 0000000443
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: NORTH RIVER SHORES SEC 4 LOT 51 BLK 13

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 000300

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 7
  • Parcel: 30-37-41-010-013-00510-7
  • Block: 13
  • Lot: 51
  • Meridian: SEC 30 TWN 37S RNG 41E
  • Latitude: 27.2199
  • Longitude: -80.2696

    Address

  • Full Address: 1203 Nw Spruce Ridge Dr
  • Address - House Number: 1203
  • Street Direction: NW
  • Address - Street Name: Spruce Ridge
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Stuart
  • Carrier Code: C028
  • 4-Digit Zip Code: 9517
  • Zip Code: 34994

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $740,881
  • Tax Rate Code Area: 6006 NORTH

    Appraisal Valuation

  • Standard Deviation: 0.2608
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 585,689
  • High Value: 738,490
  • Low Value: 432,887

    Market Valuation

  • Market Total Value: $407,280
  • Market Land Value: $250,000
  • Market Improvement Value: $157,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $407,280
  • Assessed Land Value: $250,000
  • Assessed Improvements Value: $157,280

    Sales

  • Current Sale Contract Date: Feb 03, 2021
  • Current Sale Recording Date: Feb 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2866094
  • Previous Sale Recording Date: Aug 10, 2004
  • Previous Sale Contract Date: Aug 06, 2004
  • Previous Sale Amount: $326,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North River Shores

Stats & Trends

Median Asking:

$449,000

Sale Price/ft²

$275

Below Asking

0.03%

Average Days on Market

80

Average Home Size

1668 ft²

Average Home Age

46.5 years

Currently For Sale

50 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 675 Nw Flagler Avenue, Stuart, FL, 34994

$7,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,125 ft²
675 Nw Flagler Avenue #UNIT202, Stuart, FL, 34994 Listing by Joseph Lambert
Unit for rent at 275 Nw Flagler Avenue, Stuart, FL, 34994

$6,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,391 ft²
275 Nw Flagler Avenue #204, Stuart, FL, 34994 Listing by Joseph Lambert
Unit for rent at 875 Nw Flagler Avenue, Stuart, FL, 34994

$5,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,183 ft²
875 Nw Flagler Avenue #404, Stuart, FL, 34994 Listing by Joseph Lambert

Rentals Near You

Click here to view more rentals in the neighborhood.
MCRTC

Listed by: Debra Parker, Realty One Group Engage
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20026192
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. Copyright 2026 Realtor® Association of Martin County, Inc. MLS. All rights reserved.

Frequently Asked Questions

When was property at 1203 Northwest Spruce Ridge Drive built and last sold?
The property at 1203 Northwest Spruce Ridge Drive was built in 1969 and last sold on Feb 3, 2021 for $400,500.
How much is this home worth?
The estimated value of the home located at 1203 Northwest Spruce Ridge Drive is $413,473.
What are some comparable homes to 1203 Northwest Spruce Ridge Drive?
There are currently no comparable homes to 1203 Northwest Spruce Ridge Drive.
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