$339,000
●
Land -
Off Market
5124 Watersong Way
Fort Pierce, FL 34949
Studio
0 Bath
$464,341
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Enjoy the hues of blue and the ripples of the waves from this
oceanfront setting. The Watersong community on Hutchinson
Island in Fort Pierce lies approximately six miles north of the
Fort Pierce Inlet and 14 miles south of the Jensen Beach Causeway.
This is a gated oceanfront community that has 92 lots in two
rows with the front row being direct oceanfront. There's an
existing community pool.
As of April 2020, there is a $267.00 a month HOA fee which covers the common areas, reserve funds, management fees, and landscaping. There is also a one-time $6,000 capital contribution for beach renourishment and or replacement that is collected by the Property Owners Association. Existing homes are all two to three stories and range in size from just under 6,000 sq. ft. of living area with 5 bedrooms and 7 bathrooms down to 3,000 sq. ft. homes with 3 bedrooms and 3 bathrooms.
There are some excellent opportunities for those wishing to be on the ocean currently available in Watersong.
As of April 2020, there is a $267.00 a month HOA fee which covers the common areas, reserve funds, management fees, and landscaping. There is also a one-time $6,000 capital contribution for beach renourishment and or replacement that is collected by the Property Owners Association. Existing homes are all two to three stories and range in size from just under 6,000 sq. ft. of living area with 5 bedrooms and 7 bathrooms down to 3,000 sq. ft. homes with 3 bedrooms and 3 bathrooms.
There are some excellent opportunities for those wishing to be on the ocean currently available in Watersong.
Unit Size
-
Days on Market
29 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$343
HOA Dues
$267
Year Built
2014
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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: 6 months ago (Beaches MLS #R10640394)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2023 | Sold | ||
| Sold | |||
| Aug 20, 2020 | Sold | ||
| Sold | |||
| Jul 21, 2020 | Listed by Engel & Voelkers Jupiter RE | $339,000 | |
| Listed by Engel & Voelkers Jupiter RE | |||
| Mar 5, 2019 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $1,339,900 | |
| Listed | |||
| | |||
|
Imagine evenings on the porch and the only lights you see are the stars and the sound you hear are the waves as they break on the beach. This is what coastal life is all about. This ocean front home would be great for entertaining friends or family or just relaxing at home. Key Largo will be built to the highest degree of quality and strength to weather anything from Mother nature that may come its way. This home is to be built once one family decides that their time has to come to make their own personal statement at Watersong and live the coastal life style forever. Whether you are a fisherman, sailor, wanderer, or sun lover we all share a love for beach life. This is a rare opportunity at this low price to own ocean front so let go and go come go coastal now and forever!The manager has listed the unit size as 2900 square feet.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Hutchinson Island
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Listed by: Edward Arguelles
Engel & Voelkers Jupiter RE
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10640394
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.
Engel & Voelkers Jupiter RE
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10640394
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