33
Map
$281,000
●
Townhouse -
Off Market
5652 SE Riverboat Drive #124
Stuart, FL 34997
2 Beds
2 Baths,
1
Half Bath
1,288 Ft²
$1,891
Est. Monthly
$294
HOA / Fees
6.76%
Cap Rate
About This Property
Great townhome with a new mansard siding and the $11,000 assessment
will be paid at closing by seller. Extremely clean unit with luxury
vinyl on 1st floor, carpet on stairs and in bedrooms, newer almond
kitchen cabinets w/ granite countertops, new refrigerator. The
laundry in downstairs in the 1/2 bath and new a/c was installed in
2025. There is a huge walk-in closet in the main bedroom and newer
vanity and walk in shower in main bath. Unit has 6 panel doors and
higher molding throughout. It is, also, gated and has a newly
fenced courtyard patio to relax in with privacy. 2 pets up to 40
lbs, motorcycles and non-commercial trucks are allowed. Home backs
to Sea Branch Preserve State Park which has a nature trail that you
can explore. There, also, is a path to a private community fishing
dock which sits on the river and there is dry storage for kayaks if
space is available. Conveniently located close located near local
restaurants and boat launching at the end of Cove.
Unit Size
1,288 Ft²
Days on Market
126 days
Land Size
0.03 acres
Price per sqft
$225
Property Type
Townhouse
Property Taxes
$173
HOA Dues
$294
Year Built
1980
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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: 3 months ago (MCRTC #M20051865)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Nov 11, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Price Decreased |
$289,900
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Aug 29, 2025 | Price Increased |
$299,900
↑ $10K
(3.5%) | |
| Price Increased | |||
| Aug 18, 2025 | Listed by RE/MAX of Stuart | $289,900 | |
| Listed by RE/MAX of Stuart | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Assigned, Guest
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Walk-In Closet(s), KitchenDiningCombo, LivingDiningRoom, SplitBedrooms, UpperLevelPrimary
Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Range, Refrigerator, Water Heater, Washer, SomeElectricAppliances
Flooring Type: Carpet, Vinyl
Rooms: 6
Exterior Details
Has Property Attached
Square Footage: 1288
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Courtyard, Fourplex
Year Built: 1980
Building Area Total: 1288
Window Features: Metal, SingleHung, Sliding
Construction Materials: Block, Concrete
Patio and Porch Features: Patio, Balcony, Open
Pool Features: Community
Lot Size Area: 0.03
Lot Size Units: Acres
Lot Size Acres: 0.03
Lot Size Square Feet: 1306.8
Water Source: Public
Financial Details
Tax Annual Amount: $2,081
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Individual
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Maintenance Grounds, AssociationManagement, CommonAreas, RecreationFacilities, Taxes
HOA Fee: $294
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/18/2025
|
2 Bed
|
2 Bath
|
1288 ft²
|
$289,900
2 Bed
2 Bath
1288 ft²
|
$281,000
-3.07%
12/22/2025
|
Maureen Vaillancourt
RE/MAX of Stuart
| |
|
02/05/2019
| |
2 Bed
|
2 Bath
|
1288 ft²
|
$189,900
2 Bed
2 Bath
1288 ft²
|
$189,900
04/22/2019
|
David Olsen
Keller Williams Realty Of The Treasure Coast
|
|
07/26/2017
| |
2 Bed
|
2 Bath
|
1288 ft²
|
$165,000
2 Bed
2 Bath
1288 ft²
|
$165,000
09/01/2017
|
Shannon Andersen
Keller Williams Realty
|
Building Info
5652 Southeast Riverboat Drive
5652 Southeast Riverboat Drive, Stuart, FL 34997
About Port Salerno
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Listed by: Maureen Vaillancourt, RE/MAX of Stuart
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20051865
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20051865
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.
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