48
Map
$1,400,000
●
House -
For Sale
5592 SE Reef Way
Stuart, FL 34997
3 Beds
2 Baths,
2
Half Baths
3,210 Ft²
$8,240
Est. Monthly
$200
HOA / Fees
About This Property
Welcome to your own tropical paradise in the gated community of The
Reef. Spectacular British West Indies style home with attention to
detail throughout. Upgrades galore including travertine marble
floors, vaulted ceilings, crown molding, plantation shutters,
gourmet kitchen with high end appliances and a gas fireplace.
Oversized 3 car garage 800 sq ft. A private outdoor oasis
includes a heated pool and spa, tiki hut with bar, outdoor shower,
generator, and lush landscaping. Balconies allow for great outdoor
living and tropical breezes from the ocean and intracoastal.
Community has a kayak launch, tennis and pickleball and low HOA.
Unit Size
3,210 Ft²
Days on Market
135 days
Land Size
0.37 acres
Price per sqft
$436
Property Type
House
Property Taxes
$1,165
HOA Dues
$200
Year Built
2003
Listed By
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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 #B26028952)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2026 | Listed by Illustrated Properties/Hobe So | $1,400,000 | |
| Listed by Illustrated Properties/Hobe So | |||
| Apr 9, 2025 | Listed | $1,500,000 | |
| Listed | |||
| | |||
|
WELCOME to your own tropical PARADISE in the gated community of THE REEF. Spectacular West Indies style home with upgrades galore. Features include travertine marble floors, vaulted ceilings, crown molding, plantation shutters, gourmet kitchen with high end appliances and a gas fireplace, Exterior features include heated pool and spa, tiki hut with bar, outdoor shower, generator, and lush landscaping. Balconies allow for great outdoor living and views. Furnishings negotiable
| |||
| Sep 15, 2021 | Sold | ||
| Sold | |||
| Aug 26, 2021 | Listed by Illustrated Properties/Hobe So | $889,000 | |
| Listed by Illustrated Properties/Hobe So | |||
| Apr 7, 2021 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 3
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 2
Full Bathrooms: 2
Interior Features: Built-in Features, Cathedral Ceiling(s), Entrance Foyer, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s), ClosetCabinetry, DualSinks, SittingAreaInPrimary, UpperLevelPrimary
Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Water Heater, Washer
Flooring Type: Marble, Tile
Laundry Features: Inside
Has Fireplace
Fireplace Features: Gas
Exterior Details
Square Footage: 3210
Square Footage Source: $0
Security Features: Gated Community, Smoke Detector(s)
Property Condition: Resale
Architectural Style: Florida
Year Built: 2003
Waterfront Features: None
Building Area Total: 4664
Levels: Two
Other Structures: Other
Construction Materials: Block, Frame
Patio and Porch Features: Covered, Deck, Balcony
Pool Features: Gas Heat, In Ground, Pool/Spa Combo
Pool is Private
Lot Features: Corner Lot, Landscaped, QuarterToHalfAcreLot
Lot Size Area: 16117.2
Lot Size Units: Square Feet
Lot Size Acres: 0.37
Lot Size Square Feet: 16117.2
Water Source: Public
Financial Details
Tax Assessed Value: $857,450
Tax Annual Amount: $13,980
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, CommonAreas
HOA/Condo/Coop Amenities: Tennis Court(s), Pickleball
HOA Fee: $100
HOA Fee Frequency: Monthly
Condo/Coop Fee: $100
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 Port Salerno
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Listed by: Beth Dyack
Illustrated Properties/Hobe So
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# B26028952
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/Hobe So
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# B26028952
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