25
Map
$1,594,500
↓ $350K (6.6%)
●
House -
Off Market
4643 SE Cheerio Way
Stuart, FL 34997
5 Beds
4 Baths
3,962 Ft²
$2,960,373
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model
About This Property
THIS IS IT! A boater's dream, protected deep water 7ft close to
inlet! Discover the utmost privacy in this Rocky Point, turn-key,
over 4,000 sq.ft home featuring marble floors downstairs and
beautiful hardwood floors upstairs, Cook's dream kitchen, sweeping
wide waterfront views from almost every room in the home. Stunning
pool and spa area surrounded by Old Chicago Brick and Tiki hut
overlooking the river. In addition to the main home, the property
features a Charming 2BR/1BA guest cottage with living room and
kitchen as well a Private workshop or additional 2 car garage. Come
see this truly of a kind 1+Acre waterfront estate with High
elevation located just minutes to the inlet.
Unit Size
3,962 Ft²
Days on Market
256 days
Land Size
-
Price per sqft
$442
Property Type
House
Property Taxes
$1,549
HOA Dues
$21
Year Built
1981
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #M385114)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2025 | Price Decreased |
$4,950,000
↓ $350K
(6.6%) | |
| Price Decreased | |||
| Apr 22, 2025 | Price Decreased |
$5,300,000
↓ $300K
(5.4%) | |
| Price Decreased | |||
| May 1, 2024 | Listed | $5,600,000 | |
| Listed | |||
| | |||
|
Boater and fisherman's dream, this waterfront paradise located in Rocky Point on the protected Manatee Pocket only minutes from the inlet and downtown Stuart. This 1.08 acre beautifully landscaped property, circular driveway, with 2/1 guest house and detached two car garage. Newer 6'x180' dock, with electric and water, will accommodate a large yacht plus two lifts, one 20,000 lb. lift and a 12,000 lb. lift. The remodeled main house 4 bedroom, 6 full baths home with water views from every room, features marble floors downstairs and wood floors upstairs. Gourmet kitchen with gas cooking, eat in bar, and dining area, on demand hot water heaters. Outside features pool with spa, surrounded by Old Chicago Brick, Tiki Hut with outdoor kitchen, new fenced yard and beach area by the water.
| |||
| Dec 22, 2020 | Sold | ||
| Sold | |||
| Oct 12, 2020 | Listed by Waterfront Properties Inc | $2,400,000 | |
| Listed by Waterfront Properties Inc | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Port Salerno
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Adam Brown, Waterfront Properties Inc
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M385114
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M385114
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017