Stuart, known as the "Sailfish Capital of the World," offers a
relaxed coastal lifestyle. Discover this meticulously maintained, 5
year new single-family home in the heart of desirable Port Salerno
area of Stuart. Built in 2021, this 4-bedroom, 2-bathroom residence
offers approximately 1,730 SF of comfortable living space on a
generous 8,712-square-foot lot complete with a 2-car garage and
brick paver driveway. This property stands out due to the
thoughtful owner upgrades that elevate it beyond standard new
construction. The custom gourmet kitchen represents a significant
investment in functionality and style. Only the best here,
Custom Cabinets with pull out drawers (I love those and in the
pantry), KitchenAid appliances, stunning quartz waterfall
countertops and chefs vent cont'd. over the stove. The Hunter
Douglas blinds throughout provide a polished, uniform look. The
living room sliding door leads to a picturesque rear yard and brick
paver patio. All four bedrooms are generously sized and
located on the main level, providing flexibility for guests or a
home office. The primary suite offers a peaceful retreat with a
fabulous walk in closet with built ins as well. The impact windows
and doors deliver both protection and insurance savings-critical in
today's Florida market! Located 1 home from the Great Salerno Basin
which is fed from Manatee Pocket! It's a spectacular area,
old world Florida fishing village. Stuart offers world-class
fishing, boating, and waterfront dining. This home is conveniently
situated near the St. Lucie River, beaches, parks, shopping and
restaurants. Enjoy easy access to downtown Stuart's vibrant arts
scene, farmers markets, and marinas. Priced to attract
discerning buyers seeking quality construction in a prime Treasure
Coast location.
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.
Construction Materials: Block, Stucco, CBSConcreteBlockStructure
Patio and Porch Features: Covered, Patio
Lot Features: SprinklersAutomatic, LessThanQuarterAcre
Lot Size Area: 8712
Lot Size Units: Square Feet
Lot Size Acres: 0.2
Lot Size Square Feet: 8712
Water Source: Public
Financial Details
Tax Assessed Value: $364,834
Tax Annual Amount: $5,549
Utilities Details
Cooling Type: Attic Fan, Central Air, Ceiling Fan(s), Electric
Heating Type: Electric
Sewer : Public Sewer
Building Info
Overview
General
Year Built:
2021
Effective Year Built:
2021
Building Count:
1
Bedroom Count:
4
Bathroom Count:
2
Full Bathrooms:
2
Partial Bathrooms:
2
Building Condition:
0
Building Quality:
7
Construction Type:
4
Building Style:
0
Exterior Walls Type:
12
Interior Walls Type:
0
Roof Shape Type:
7
Roof Cover Type:
3
Floor Count:
100
Floor Cover:
0
Basement Type:
0
Basement Area:
0
Garage Type:
0
Parking Space Count:
0
Patio Type:
0
Porch Type:
0
Pool Type:
0
Dimensions
Lot Size Square Feet:
8,712
Total Building Area:
0
Building Area:
0
Heating and Cooling
Air Conditioning:
1
Heating:
3
Heating Fuel Type:
0
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
PORT SALERNO
Land Acres:
0000000200
Standard Land Use Code:
1001
County Land Use Code:
0100
Legal Description 1:
THE WEST 50 FEET OF THE EAST 100 FEET OF LOTS 14 15 16 & 13 LESS & EXCEPT THE NORTH 12.5 FEET THEREOF BLOCK 157 PORT SALERNO ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 1 PAGE 132 PUBLIC RECORDS OF PALM BEACH NOW MARTIN COUNTY FLORIDA
Neighborhood
School District Name:
Martin County School District
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