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Port Salerno 34997 Port Salerno
5540 SE Colee Avenue
Photo of 5540 SE Colee Avenue
Sold on Oct 24, 2025

40

Map

Photo of 5540 SE Colee Avenue
Photo of 5540 SE Colee Avenue
$360,000
● House - Off Market

5540 SE Colee Avenue

Stuart, FL 34997
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$1,869
Est. Monthly
15.78%
Cap Rate

About This Property

Welcome to this charming 4 BEDROOM AND 2 BATHROOM home featuring a newer roof (2019) and an AC system just 3 years old. Ideally located, this residence offers the perfect blend of comfort and convenience. Enjoy being just minutes from top-rated schools, shopping, and dining, as well as beautiful beaches, waterfront activities, and world-class golfing. With easy access to all major roadways, commuting is a breeze. Don't miss the opportunity to own a great home in a highly desirable location-perfect for both relaxation and an active lifestyle!
Unit Size
1,512 Ft²
Days on Market
56 days
Land Size
0.11 acres
Price per sqft
$238
Property Type
House
Property Taxes
$101
HOA Dues
-
Year Built
1998

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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: 2 months ago (MCRTC #M20051990)

Price History

Date / Event Date Event Price
Oct 24, 2025 Sold
Premium
Sold
Sep 30, 2025 In contract -
In contract
Aug 29, 2025 Listed by EXP Realty LLC $360,000
Listed by EXP Realty LLC
Aug 12, 1999 Sold
Premium
Sold
Sep 14, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,617
  • Total Building Area: 1,512
  • Gross Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIXIE PARK ADDITION
  • Land Acres: 0000000106
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: DIXIE PARK ADDN 4 LOTS 13 & 14 INC (LESS DITCH) BLK 40

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 001410

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: S-30
  • Parcel: 30-38-42-004-040-00130-4
  • Block: 40
  • Lot: 13,14
  • Meridian: SEC 30 TWN 38S RNG 42E
  • Latitude: 27.1371
  • Longitude: -80.1875

    Address

  • Full Address: 5540 Se Colee Ave
  • Address - House Number: 5540
  • Street Direction: SE
  • Address - Street Name: Colee
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Stuart
  • Carrier Code: R009
  • 4-Digit Zip Code: 8474
  • Zip Code: 34997

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $109,723
  • Tax Rate Code Area: 9009 SOUTH

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 351,217
  • High Value: 429,671
  • Low Value: 272,764

    Market Valuation

  • Market Total Value: $231,820
  • Market Land Value: $76,500
  • Market Improvement Value: $155,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,051

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Aug 12, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 14, 1998
  • Previous Sale Amount: $66,700
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$374,950

Sale Price/ft²

$256

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1495 ft²

Average Home Age

37.5 years

Currently For Sale

100 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 7640 Se Shenandoah, Hobe Sound, FL, 33455

$5,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,338 ft²
7640 Se Shenandoah, Hobe Sound, FL, 33455 Listing by Rachel Cramer

Rentals Near You

Click here to view more rentals in the neighborhood.
MCRTC

Listed by: Alexander Haigh, EXP Realty LLC
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20051990
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2026 Realtor® Association of Martin County, Inc. MLS. All rights reserved.

Frequently Asked Questions

When was property at 5540 Southeast Colee Avenue built and last sold?
The property at 5540 Southeast Colee Avenue was built in 1998 and last sold on Jan 1, 1970 for $76,000.
How much is this home worth?
The estimated value of the home located at 5540 Southeast Colee Avenue is $0.
What are some comparable homes to 5540 Southeast Colee Avenue?
There are currently no comparable homes to 5540 Southeast Colee Avenue.
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