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Port Salerno 34997 Port Salerno
5218 SE Major Way
$650,000
● House - Off Market

5218 SE Major Way

Stuart, FL 34997
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,059 Ft²
$688,152
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Rocky Point Home First Time On The Market!  Talk about solid construction...This 3 bedroom 2 bath home was custom built with CBS construction and a poured concrete tie beam!  Some of the many features in this beautiful home include a new 2022 metal roof , A/C 2015, 10 ft cielings and tile flooring throughout, built in surround sound and triple pocket sliders in great room that lead out to your in ground pool and screened lanai.  Other features include but not limited to granite countertops, new stainless steel refrigerator and newer dishwasher, an oversized garage in height and width with reinforced garage door, tankless hot water heater, impact double sliders and bay windows in kitchen. Also included are Accordian shutters, wiring for alarm system, undermount cabinet and accent lighting!
Unit Size
2,059 Ft²
Days on Market
92 days
Land Size
0.23 acres
Price per sqft
$334
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
2003

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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: 5 months ago (Beaches MLS #R10859507)

Price History

Date / Event Date Event Price
Jun 28, 2023 Sold
Premium
Sold
Jan 19, 2023 Listed by Paradise Homes Realty of the Treasure Coast $687,000
Listed by Paradise Homes Realty of the Treasure Coast
Feb 13, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,683
  • Gross Building Area: 2,683
  • Building Area: 2,059
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,059
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TALL PINES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: TALL PINES UNREC LOT 56 OR 350/2611

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: HG-55
  • Parcel: 49-38-41-009-000-00560-4
  • Lot: 56
  • Meridian: SEC 49 TWN 38S RNG 41E
  • Latitude: 27.151
  • Longitude: -80.1838

    Address

  • Full Address: 5218 Se Major Way
  • Address - House Number: 5218
  • Street Direction: SE
  • Address - Street Name: Major
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Stuart
  • Carrier Code: R008
  • 4-Digit Zip Code: 3400
  • Zip Code: 34997

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $406,050
  • Tax Rate Code Area: 9009 SOUTH

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 72
  • Final Value: 711,194
  • High Value: 855,566
  • Low Value: 566,822

    Market Valuation

  • Market Total Value: $572,140
  • Market Land Value: $225,000
  • Market Improvement Value: $347,140

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $572,140
  • Assessed Land Value: $225,000
  • Assessed Improvements Value: $347,140

    Sales

  • Current Sale Contract Date: Jun 06, 2023
  • Current Sale Recording Date: Jun 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3023498
  • Previous Sale Recording Date: Feb 13, 2002
  • Previous Sale Contract Date: Feb 07, 2002
  • Previous Sale Amount: $40,500
  • 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:

$340,000

Sale Price/ft²

$252

Below Asking

0.03%

Average Days on Market

79

Average Home Size

1578 ft²

Average Home Age

36.3 years

Currently For Sale

82 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 5125 Se Matousek Street, Stuart, FL, 34997

$9,900 /mo

  • 3 Beds
  • 3 Baths
  • 1,928 ft²
5125 Se Matousek Street, Stuart, FL, 34997 Listing by Cynthia Phillips
Unit for rent at 2250 Se Country Club Lane, Stuart, FL, 34996

$7,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,391 ft²
2250 Se Country Club Lane, Stuart, FL, 34996 Listing by Channin Medina
Unit for rent at 5915 Se Entry Court, Stuart, FL, 34997

$3,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,937 ft²
5915 Se Entry Court, Stuart, FL, 34997 Listing by Yolaine Miron Lozada

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Laurie Anne Laramie
Paradise Homes Realty of the Treasure Coast
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10859507
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 5218 Southeast Major Way built and last sold?
The property at 5218 Southeast Major Way was built in 2003 and last sold on Jun 6, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 5218 Southeast Major Way is $692,550.
What are some comparable homes to 5218 Southeast Major Way?
There are currently no comparable homes to 5218 Southeast Major Way.
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