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Indian River Estates 34982 Indian River Estates
5511 Myrtle Drive
$4,500
● Land - Off Market

5511 Myrtle Drive

Fort Pierce, FL 34982
bedrooms
Studio
bathrooms
0 Bath
$16,543
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Vacant Land with trees
Unit Size
-
Days on Market
241 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$49
HOA Dues
-
Year Built
2014

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: 4 months ago (Beaches MLS #R9987590)

Price History

Date / Event Date Event Price
May 1, 2026 Sold
Premium
Sold
Jan 9, 2026 Listed by LGI Realty- Florida, LLC $419,900
Listed by LGI Realty- Florida, LLC
Jul 18, 2022 Sold
Premium
Sold
Dec 20, 2019 Sold
Premium
Sold
Jun 20, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: INDIAN RIVER ESTATES UNIT 8
  • Land Acres: 0000000230
  • Standard Land Use Code: 8001
  • County Land Use Code: 0000
  • State Land Use Code: 0000
  • Legal Description 1: INDIAN RIVER ESTATES-UNIT-08- BLK 54 LLOT 33 (MAP 34/11N)

Neighborhood

  • School District Name: St. Lucie County School District
  • Census Tract: 381605

Zoning

  • Zoning: RS-4 COUNT

Geography

  • Assessors Map Reference: 34/11N
  • Account Number: 37658
  • Parcel: 3402-609-0091-000-6
  • Block: 54
  • Lot: 33
  • Meridian: SEC 11 TWN 36S RNG 40E
  • Municipality: SAINT LUCIE COUNTY
  • Latitude: 27.3639
  • Longitude: -80.3083

    Address

  • Full Address: 5511 Myrtle Dr
  • Address - House Number: 5511
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Pierce
  • Carrier Code: C039
  • 4-Digit Zip Code: 3889
  • Zip Code: 34982

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $96,185

    Market Valuation

  • Market Total Value: $49,500
  • Market Land Value: $49,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,500
  • Assessed Land Value: $49,500

    Sales

  • Current Sale Contract Date: Jul 11, 2022
  • Current Sale Recording Date: Jul 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5070971
  • Previous Sale Recording Date: Dec 20, 2019
  • Previous Sale Contract Date: Dec 19, 2019
  • Previous Sale Amount: $24,000
  • 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 Indian River Estates

Stats & Trends

Median Asking:

$357,000

Sale Price/ft²

$232

Below Asking

0.02%

Average Days on Market

77

Average Home Size

1660 ft²

Average Home Age

22.1 years

Currently For Sale

52 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 4220 Sunrise Boulevard, Fort Pierce, FL, 34982

$10,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,870 ft²
4220 Sunrise Boulevard, Fort Pierce, FL, 34982 Listing by Jeffrey Germano

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Jillian Von Ohlen
Keller Williams Realty Of The Treasure Coast
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R9987590
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 5511 Myrtle Drive built and last sold?
The property at 5511 Myrtle Drive was built in 2014 and last sold on Jul 11, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 5511 Myrtle Drive is $0.
What are some comparable homes to 5511 Myrtle Drive?
There are currently no comparable homes to 5511 Myrtle Drive.
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