$160,000
●
House -
Off Market
2 Rio De Palmas
Fort Pierce, FL 34951
2 Beds
2 Baths
1,446 Ft²
$235,713
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Spanish Lakes CC is an Active 55+ Community. We offer Guaranteed
Lifetime lot rent on all new CBS homes, with No HOA fees. We have
over 10,000 residents living in our communities. Included in your
lot rent all amenities are free; golf, heated pools, huge clubhouse
and tennis! Our objective is to provide homeowners with the highest
quality concrete-block home, at the most affordable price,
including a metal roof, stainless steel appliances, granite
counter-tops & cherry wood cabinets. We offer unique in-house
financing & no-prepayment penalties, no points, no application fee,
no survey, no appraisal fee, no title insurance, no Private
Mortgage Insurance and no origination fee. ALL houses offered are
brand new, don't miss out on these unbelievable prices. Start your
new lifestyle now!
Unit Size
1,446 Ft²
Days on Market
291 days
Land Size
-
Price per sqft
$118
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020
Payment Calculator
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Cap Rate Calculator
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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: 7 months ago (Beaches MLS #R10566333)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 26, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Oct 16, 2025 | Price Decreased |
$165,000
↓ $2K
(1.2%) | |
| Price Decreased | |||
| Sep 1, 2025 | Listed by Dale Sorensen Real Estate Inc. | $167,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| | |||
|
Clean. Crisp. Carefree. This 2020 CBS home has been so lightly lived in it feels brand new—spotless condition, modern upgrades & easy-care living all wrapped in one! Fresh paint, updated lighting, stylish ceiling fans & new window treatments. Granite kitchen, no carpet, great storage + a 1-car garage. Relax on the tiled front porch or screened back porch w/porcelain wood-look tile. $4K+ in new sod, landscape curbing & areca palms add privacy. Free golf, pools, pickleball, tennis, gym, activities & lawn care included in this 55+ community. Welcome to the good life—this is retirement done right!
| |||
| Jul 20, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Lakewood Park
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Listed by: Harvey A. Newman
Florida Listing Service, LLC
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# R10566333
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Florida Listing Service, LLC
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# R10566333
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