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St. Lucie 34949 Ocean
4940 Watersong Way
$242,500
● Land - Off Market

4940 Watersong Way

Hutchinson Island, FL 34949
bedrooms
Studio
bathrooms
0 Bath
$454,748
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

WATERSONG IS A PRIVATE RESIDENTIAL COMMUNITY ON HUTCHINSON ISLAND ON WATER WITH BRICK PAVER STREETS LOCATED IS HUTCHINSON ISLAND
Unit Size
-
Days on Market
508 days
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$394
HOA Dues
$250
Year Built
2023

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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: 7 months ago (Beaches MLS #F10050286)

Price History

Date / Event Date Event Price
Jun 22, 2018 Sold
Premium
Sold
Jan 26, 2017 Listed by MVP Realty Inc $299,999
Listed by MVP Realty Inc
Dec 8, 2008 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 300
  • 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: 5,227
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERSONG PUD PLAT NO ONE
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 0000
  • Legal Description 1: WATERSONG PUD PLAT NO. ONE (PB 42-34) LOT 63

Neighborhood

  • School District Name: St. Lucie County School District
  • Census Tract: 381300

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 25/32N
  • Account Number: 152769
  • Parcel: 2532-500-0077-000-5
  • Lot: 63
  • Meridian: SEC 32 TWN 35S RNG 41E
  • Municipality: SAINT LUCIE COUNTY
  • Latitude: 27.3887
  • Longitude: -80.2594

    Address

  • Full Address: 4940 Watersong Way
  • Address - House Number: 4940
  • Address - Street Name: Watersong
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Fort Pierce
  • Carrier Code: C027
  • 4-Digit Zip Code: 9209
  • Zip Code: 34949

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $846,097
  • Tax Rate Code Area: 0002

    Market Valuation

  • Market Total Value: $609,500
  • Market Land Value: $609,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $609,500
  • Assessed Land Value: $609,500

    Sales

  • Current Sale Contract Date: Jun 18, 2018
  • Current Sale Recording Date: Jun 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4450068
  • Previous Sale Recording Date: Dec 08, 2008
  • Previous Sale Contract Date: Nov 26, 2008
  • Previous Sale Amount: $350,000
  • 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 South Hutchinson Island

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$379

Below Asking

0.03%

Average Days on Market

104

Average Home Size

1643 ft²

Average Home Age

39.7 years

Currently For Sale

436 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 8880 S Ocean Drive S, Jensen Beach, FL, 34957

$4,795 /mo

  • 1 Bed
  • 2 Baths
  • 1,011 ft²
8880 S Ocean Drive S #1302, Jensen Beach, FL, 34957 Listing by Audrey Gordon

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Angela J Moran
MVP Realty Inc
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# F10050286
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 4940 Watersong Way built and last sold?
The property at 4940 Watersong Way was built in 2023 and last sold on Jun 18, 2018 for $242,500.
How much is this home worth?
The estimated value of the home located at 4940 Watersong Way is $0.
What are some comparable homes to 4940 Watersong Way?
There are currently no comparable homes to 4940 Watersong Way.
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