$860,000
●
Land -
Off Market
3564 SE Old Saint Lucie Boulevard
Stuart, FL 34996
Studio
0 Bath
$1,119,394
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
NO FIXED BRIDGES. PROTECTED WATER. Minutes to the St Lucie Inlet
and the Atlantic Ocean. Prime location for sportfishing
enthusiasts, sailors (no fixed bridges). Kayakers and
paddle-boarders can launch from PRIVATE BOAT RAMP on the property.
Bird watchers and land lovers can enjoy the views of this tranquil
setting from the dock. This ultra wide canal also known as White
Lake, gives the feeling of wide-water views. Build your dream home
on this deep, ¾ acre lot. Existing structure is a 2 bedroom home on
pilings that needs extensive renovation or it can be removed. Quick
and easy access to Stuart Jet Center/Witham Field, downtown Stuart
boutiques and restaurants, beautiful beaches.
Unit Size
-
Days on Market
667 days
Land Size
0.76 acres
Price per sqft
-
Property Type
Land
Property Taxes
$938
HOA Dues
-
Year Built
1979
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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 (MCRTC #M20017816)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 1, 2021 | Sold | ||
| Sold | |||
| Apr 30, 2019 | Listed by Berkshire Hathaway Florida Rea | $880,000 | |
| Listed by Berkshire Hathaway Florida Rea | |||
| Apr 5, 2019 | No longer available | - | |
| No longer available | |||
| Jan 2, 2019 | Listed | $825,000 | |
| Listed | |||
| | |||
|
BUILD YOUR DREAM HOME on this .763 acre property situated along the protected deep waterway of Willoughby Creek, also known as West Lake- just minutes to the inlet. This unique parcel has an estate-like setting with a private boat ramp, deep water dock & lift. Considered by boaters to be a protected area, away from strong currents and wakes. There is an existing 2 bedroom, 2 bathroom home that could be renovated or removed to accommodate a new home.
| |||
| Oct 5, 2018 | Listed | $825,000 | |
| Listed | |||
| | |||
|
Protected water- no fixed bridges-minutes to the St Lucie Inlet. Discover this .763 acre property situated along the protected deep waterway of Willoughby Creek, also known as West Lake. This unique parcel is a deep lot with a private boat ramp, dock & lift. There is an existing Key West-style 2 bedroom, 2.5 bathroom cottage ready for an ambitious remodeling enthusiast. All living space is upstairs. On the ground floor are two open air carports that make great under-cover parking for boats on trailers and a one car garage with attached workshop or tackle room. The current structure could also be removed (approx. $20K) to make room for the home of your choice. The property is surrounded by exquisite homes and is close to the beaches, downtown Stuart and golf courses. Easy access to I95 The manager has listed the unit size as 1738 square feet.
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About Martin
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Listed by: Stephanie Gray, Berkshire Hathaway Florida Rea
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20017816
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20017816
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.
Copyright 2026 Realtor® Association of Martin County, Inc. MLS. All rights reserved.
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