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Port Salerno 34997 Port Salerno
4859 SE Horseshoe Point Road
$195,000
● Land - Off Market

4859 SE Horseshoe Point Road

Stuart, FL 34997
bedrooms
Studio
bathrooms
0 Bath
$240,782
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Rare Find! Building lot on Rocky Point, cleared and ready for your dream home! Lot can accommodate up to 3,000 sq ft home. This lot is NOT in a Flood Zone, so no flood insurance required! Enjoy the lifestyle of the Rocky Point community with multiple parks, easy access to Manatee Pocket, and a straight shot out to the Atlantic Ocean. The location on Horseshoe Point provides quick, easy access to both Cove Road and A1A,  plenty of Groceries Stores, Shopping, and Medical nearby.
Unit Size
-
Days on Market
122 days
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$129
HOA Dues
-
Year Built
2023

Payment Calculator

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Cap Rate Calculator

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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 #M20024162)

Price History

Date / Event Date Event Price
May 4, 2021 Sold
Premium
Sold
Dec 29, 2020 Listed by RE/MAX IMPACT $198,000
Listed by RE/MAX IMPACT
Dec 30, 2005 Sold
Premium
Sold
Feb 16, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • 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
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 10,106
  • Total Building Area: 1,344
  • Building Area: 1,344

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PENNELL MINOR PLAT
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 07
  • Legal Description 1: PENNELL MINOR PLAT LOT 21

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 001302

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: HG-55
  • Parcel: 49-38-41-013-000-00210-2
  • Lot: 21
  • Meridian: SEC 49 TWN 38S RNG 41E
  • Latitude: 27.148
  • Longitude: -80.1886

    Address

  • Full Address: 4859 Se Horseshoe Point Rd
  • Address - House Number: 4859
  • Street Direction: SE
  • Address - Street Name: Horseshoe Point
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Stuart
  • Carrier Code: R009
  • 4-Digit Zip Code: 2315
  • Zip Code: 34997

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $233,019
  • Tax Rate Code Area: 9009 SOUTH

    Appraisal Valuation

  • Standard Deviation: 0.2083
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 71
  • Final Value: 249,253
  • High Value: 301,179
  • Low Value: 197,326

    Market Valuation

  • Market Total Value: $158,140
  • Market Land Value: $157,500
  • Market Improvement Value: $640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $154,055

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2886358
  • Previous Sale Recording Date: Dec 30, 2005
  • Previous Sale Contract Date: Dec 29, 2005
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Port Salerno

Stats & Trends

Median Asking:

$370,000

Sale Price/ft²

$255

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1490 ft²

Average Home Age

37.6 years

Currently For Sale

86 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4695 Se Manatee Way, Stuart, FL, 34997

$6,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,764 ft²
4695 Se Manatee Way, Stuart, FL, 34997 Listing by Hunter Watley
Unit for rent at 4662 Se Manatee Way, Stuart, FL, 34997

$6,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,764 ft²
4662 Se Manatee Way, Stuart, FL, 34997 Listing by Hunter Watley
Unit for rent at 4680 Se Manatee Way, Stuart, FL, 34997

$6,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,764 ft²
4680 Se Manatee Way, Stuart, FL, 34997 Listing by Hunter Watley

Rentals Near You

Click here to view more rentals in the neighborhood.
MCRTC

Listed by: Robert Wickwire, RE/MAX IMPACT
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20024162
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.

Frequently Asked Questions

When was property at 4859 Southeast Horseshoe Point Road built and last sold?
The property at 4859 Southeast Horseshoe Point Road was built in 2023 and last sold on Apr 30, 2021 for $195,000.
How much is this home worth?
The estimated value of the home located at 4859 Southeast Horseshoe Point Road is $199,980.
What are some comparable homes to 4859 Southeast Horseshoe Point Road?
There are currently no comparable homes to 4859 Southeast Horseshoe Point Road.
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