$600,000
●
House -
Off Market
2224 SE Meadow Glen
Stuart, FL 34997
3 Beds
2 Baths
1,994 Ft²
$3,266
Est. Monthly
$27
HOA / Fees
About This Property
This classic Florida pool home boasts a spacious covered porch set
on over two-thirds of an acre with lush landscaping, accentuating
the privacy of the yard. The 450 square foot cabana offers
potential for conversion into a full guest house. A heated separate
spa complements the property. The kitchen window presents a view of
the oversized pool, which has been newly resurfaced. The expansive
family/dining area opens to the pool. The original wood siding has
been upgraded to durable cement Hardie Panel. The home includes all
tile flooring, a 2015 steel roof, a 2019 water heater, and a 2019
A/C system. Additionally, there is a boat parking pad secured
within the fence. A home warranty is included with the purchase.
Unit Size
1,994 Ft²
Days on Market
50 days
Land Size
0.67 acres
Price per sqft
$301
Property Type
House
Property Taxes
$293
HOA Dues
$27
Year Built
1983
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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 months ago (Beaches MLS #F10433817)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| Apr 15, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Listed by LPT Realty | $600,000 | |
| Listed by LPT Realty | |||
| | |||
|
This classic Florida pool home boasts a spacious covered porch set on over two-thirds of an acre with lush landscaping, accentuating the privacy of the yard. The 450 square foot cabana offers potential for conversion into a full guest house. A heated separate spa complements the property. The kitchen window presents a view of the oversized pool, which has been newly resurfaced. The expansive family/dining area opens to the pool. The original wood siding has been upgraded to durable cement Hardie Panel. The home includes all tile flooring, a 2015 steel roof, a 2019 water heater, and a 2019 A/C system. Additionally, there is a boat parking pad secured within the fence. A home warranty is included with the purchase.
| |||
| Dec 31, 1996 | Sold | ||
| Sold | |||
| Jun 21, 1994 | Sold | ||
| Sold | |||
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
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Listed On
Closing Price
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Sold On
HOA + Taxes
About Martin
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Listed by: Phillip Elliott
LPT Realty, LLC
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# F10433817
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.
LPT Realty, LLC
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# F10433817
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