$415,000
●
House -
For Sale
5361 SE Merion Way
Stuart, FL 34997
2 Beds
2 Baths,
2
Half Baths
1,557 Ft²
$4,126
Est. Monthly
$1,682
HOA / Fees
About This Property
Tucked away on a peaceful cul-de-sac in the desirable Ironwood
neighborhood of Mariner Sands, this CBS-constructed 2-bedroom,
2-bathroom patio home offers privacy, comfort, and endless
possibilities. Featuring a NEW roof, a spacious floor plan, and an
abundance of natural light, this home is ready for its next owner
to make it their own. Enjoy Florida living on the screened lanai
overlooking a private backyard, perfect for morning coffee or
entertaining guests. Conveniently located within the community,
you'll enjoy easy access to the exceptional amenities Mariner Sands
has to offer.
Unit Size
1,557 Ft²
Days on Market
17 days
Land Size
0.18 acres
Price per sqft
$267
Property Type
House
Property Taxes
$406
HOA Dues
$1,682
Year Built
1981
Listed By
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: 17 days ago (Beaches MLS #B26092304)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Listed by Illustrated Properties | $415,000 | |
| Listed by Illustrated Properties | |||
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Price Decreased |
$405,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Oct 30, 2025 | Listed by Nicklaus Vance | $415,000 | |
| Listed by Nicklaus Vance | |||
   | |||
|
Located on a quiet cul-de-sac in the heart of Mariner Sands, this CBS-built 2-bedroom, 2-bathroom patio home in Ironwood features a NEW roof and a spacious, light-filled layout, offering the perfect blend of charm and potential. Ready for your personal touch, the home includes a screened-in lanai and private backyard oasis—ideal for relaxing or entertaining. With its prime central location, you're just moments from all that Mariner Sands has to offer. Golf cart included in sale. Don't miss this opportunity to create your dream home in a peaceful, private setting! Mariner Sands Country Club offers 2 championship golf courses, tennis, pickleball, croquet, a world-class fitness center, resort-style pool, restaurant, and a new $35 million clubhouse.
| |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Driveway, Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 2
Interior Features: High Ceilings, Soaking Tub, BreakfastArea, Bathtub, KitchenDiningCombo, MainLevelPrimary, SeparateShower
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Free-Standing Freezer, Ice Maker, Microwave, Range, Refrigerator, Water Heater, Washer
Flooring Type: Carpet, Concrete, Tile
Door Features: French Doors
Laundry Features: Inside, Laundry Room
Rooms: 3
Exterior Details
Square Footage: 1557
Square Footage Source: $0
Security Features: Gated with Guard, Gated Community, Security Guard
Property Condition: Resale
Architectural Style: Mediterranean
Year Built: 1981
Waterfront Features: None
Building Area Total: 2257
Levels: One
Construction Materials: Block, Stucco, CBSConcreteBlockStructure
Patio and Porch Features: Patio, Screened
Pool Features: Association
Lot Features: LessThanQuarterAcre
Lot Size Area: 7840.8
Lot Size Units: Square Feet
Lot Size Acres: 0.18
Lot Size Square Feet: 7840.8
Water Source: Public
Financial Details
Tax Assessed Value: $275,546
Tax Annual Amount: $4,869
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Pest Control, Security, Trash
HOA/Condo/Coop Amenities: Clubhouse, Dog Park, Fitness Center, Golf Course, Playground, Pool, Recreation Facilities, Tennis Court(s), Pickleball, PuttingGreens, Restaurant
HOA Fee: $1,682
HOA Fee Frequency: Monthly
Condo/Coop Fee Frequency: Annually
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 Martin
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,900 /mo
- 3 Beds
- 3 Baths
- 1,928 ft²
$5,000 /mo
- 2 Beds
- 2 Baths
- 1,338 ft²
Listed by: Sandra Sorge
Illustrated Properties
Last Updated: 17 days ago
Data Source: Beaches MLS, MLS# B26092304
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.
Illustrated Properties
Last Updated: 17 days ago
Data Source: Beaches MLS, MLS# B26092304
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017