250 Rouse Road
About This Property
16 acres preliminary PUD approval for 62 units: 25 single family homes and 37 Townhomes; 17 single family lots are waterfront with intracoastal access.
Sanctuary Cove is a PUD planned community which will include a Community Pool, Boat Storage, Boat Ramp(which is already in place), and a 150 ft. fishing pier.
See documents tab for site plan and other information.
This property sold for $6 million in 2005
See video and photos of canal as entering from the Indian River Lagoon.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2025 | No longer available | - | |
| No longer available | |||
| Mar 12, 2025 | Listed by Alex MacWilliam, Inc. | $9,995,000 | |
| Listed by Alex MacWilliam, Inc. | |||
| | |||
|
16 Acre, 62-Unit Riverfront Development Opportunity with Ocean Access! A planned community of 25 single-family & 37 townhouses, designed to blend sustainability w/ an Old Florida theme. Development highlights natural amenities, offering a waterfront lifestyle along the Lagoon. Planned features include existing canal & boat ramp, dockage for single-family lots & storage for 20 boats, 5' boardwalk surrounding the canal for mooring, 150' fishing & observation pier for non-boaters, cabana & pool for recreation, A rare opportunity to develop a coastal community with unmatched ocean & river access!
| |||
| May 14, 2022 | Sold | ||
| Sold | |||
| May 12, 2022 | No longer available | - | |
| No longer available | |||
| May 3, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About St. Lucie
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,700 /mo
- 3 Beds
- 2 Baths
- 1,410 ft²
$7,500 /mo
- 4 Beds
- 4 Baths
- 2,978 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017