$1,235,000
●
Land -
Off Market
1320 SE Cove Road
Stuart, FL 34997
Studio
0 Bath
$1,480,105
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Excellent development opportunity for this 9.37 acre site with
approximately 410 Feet of frontage on Cove Road.
Water & Sewer on Cove Road. If house is torn down the site can be subdivided into four sites with just a survey OR do a subdivision on this 2 unit per acres parcel. The 5.14 acre site behind it is also available for $475,000, creating a 14.5 developable site. Call for more details.
Water & Sewer on Cove Road. If house is torn down the site can be subdivided into four sites with just a survey OR do a subdivision on this 2 unit per acres parcel. The 5.14 acre site behind it is also available for $475,000, creating a 14.5 developable site. Call for more details.
Unit Size
-
Days on Market
62 days
Land Size
9.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
$791
HOA Dues
-
Year Built
1968
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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: 3 months ago (MCRTC #M20029122)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Listed by Hartman Real Estate | $3,400,000 | |
| Listed by Hartman Real Estate | |||
| | |||
|
Superіοr ᏞOCATIOΝ οn artеrу between Kanner Hwу & US1. Εasy access to West Palm via I95 and not far from beaches and shopping. Centrally located in Martin County. Create your secluded lifestyle in the middle paradise. South boundary abuts Atlantic Ridge state owned preserve, thousands of acres. Property has a 3/2 house in livable condition but could use a good deal of care. Also on site is 1,800(40x40) concrete air conditioned barn with role up doors front and back. Owner will sub divide.
The property is made up of two parcels with separate Parcel IDs. The back(S) 5.15 acre's ID is 34-38-41-000-000-00041-4.
It has 2,088 Metal building in need of some repair but appears to be structurally sound. Site can be divided into 5 parcels by right with no county approvals. Owners will sell separately, access is via a 20 ft easement along east boundary of front parcel.
| |||
| Feb 9, 2022 | Sold | ||
| Sold | |||
| Jun 28, 2021 | Sold | ||
| Sold | |||
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Building Info
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About Martin
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Listed by: Peter Hartman, Hartman Real Estate
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20029122
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20029122
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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