Price Reduced! Room to park RV & Boat! Charming Coastal Oasis with
Ultimate Flexibility Discover this meticulously maintained,
move-in-ready 4-bedroom, 3-bathroom Victorian-inspired retreat in
the highly sought-after Palmetto Grove community. Nestled on quiet
cul-de-sac of just 14 homes, this 2,384 sq. ft. residence sits on
~0.5 acres of lush tropical landscaping with serene lake views and
open parking directly across the street. Property Highlights: No
Restrictions: Bring your boat, RV, truck, or motorcycle. Features a
relaxed $350/year HOA and an on-site RV electrical hookup. •
Premium Construction: Built in 2004 with a durable metal roof,
impact windows, and Hardi-Plank siding over concrete block. •
Outdoor Living: Private screened saltwater pool, 6-person hot tub
tub, outdoor shower, covered front porch, fish-cleaning sink, and
raised garden beds. • Interior Comforts: Expansive master suite
with oversized closets, central vacuum system, and wood plantation
shutters. (Note: Chandelier does not convey; will be replaced). •
Location: Minutes to downtown Jensen Beach, Hutchinson Island
beaches, and Jammin' Jensen. Only 3 miles (9 minutes) to historic
Downtown Stuart. Over $70,000 in Recent Upgrades (2022-2025): •
2025: High-efficiency pool heater & salt pump ($6,500), Frigidaire
Gallery fridge ($1,000), Maytag Wi-Fi washer/dryer ($1,000),
plumbing fixtures, and Amcrest/Ring smart security networks. •
2024: Complete premium property re-landscaping with removal of 3
large oaks ($20,000), outdoor lanai shower/fan customizations, and
dual bidet systems. • 2023/2022: 6-person Dreamscape hot tub
($12,500), complete perimeter privacy fencing ($12,500),
whole-house water filtration ($7,000), modernized multi-zone
irrigation ($5,550), and whole-house generator with two propane
tanks ($4,000).
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.
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Water Purifier Owned, Range, Refrigerator, Water Softener Owned, Water Softener, Water Heater, Water Purifier, Washer
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