3774 SE Fairway E
About This Property
While the Stuart Yacht and Country Club offers various membership options, membership is not mandatory. The clubhouse is lovely, and golf or social memberships are available. This home is light, bright and airy and the lot is full of lush tropical plants, trees and flowers. This is a truly rare and unique opportunity to own a piece of paradise.
There are two AC units, a 2 ton replaced in 2012 & a 3 ton replaced in 2016. Metal Roof is 2011. Full impact windows and sliding doors. 2024 hot water heater. City water & Septic and Drain field is newer. Flood Zone is AE. Seller believes lift is 16K, but we can no longer see sticker to verify. Water is approx. 4-5 ft at low tide & bridge clearance is approximately 15-16 ft at high tide. Just one fixed bridge to open waters. A true pleasure to show!
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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%.
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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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | In contract | - | |
| In contract | |||
| Jan 2, 2025 | Listed by Compass Florida LLC | $1,499,000 | |
| Listed by Compass Florida LLC | |||
| | |||
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Discover the largest waterfront lot in the prestigious Stuart Yacht and Country Club! This expansive .66-acre property is a dream come true for boat enthusiasts, nature lovers, golfers, or anyone seeking an exceptional South Florida lifestyle. Imagine living in your own private park, just minutes from stunning beaches and charming downtown areas. This delightful home features 4 bedrooms, 3 full bathrooms, and a perfect split floorplan. The open kitchen seamlessly connects to the living, dining & reading areas, all centered around a beautiful fireplace. With full hurricane impact windows & sliding doors, plus a durable metal roof & Hardi-plank siding, you can enjoy peace of mind year-round. Boaters will love the large dock equipped with power, water, and space for two lifts.
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| Mar 9, 2005 | Sold | ||
| Sold | |||
| May 10, 2004 | Sold | ||
| Sold | |||
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017