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Port Salerno 34997 Port Salerno
5874 SE Horseshoe Point Road
$1,700,000
● House - Off Market

5874 SE Horseshoe Point Road

Stuart, FL 34997
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,320 Ft²
$9,384
Est. Monthly
1.03%
Cap Rate

About This Property

Look no longer for Florida Charm! Located on one of the best protected canals in the county within minutes to the Stuart inlet, sandbar, and waterfront dining! This CBS home sits on close to a half-acre of land and over a hundred feet of waterfront. New concrete Seawall in 2020 to handle the BIG boat! Don't miss out on this one!
Unit Size
1,320 Ft²
Days on Market
11 days
Land Size
0.42 acres
Price per sqft
$1,288
Property Type
House
Property Taxes
$1,037
HOA Dues
-
Year Built
1969

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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 years ago (MCRTC #M20047685)

Price History

Date / Event Date Event Price
Nov 29, 2024 Sold
Premium
Sold
Nov 18, 2024 Listed by Illustrated Properties LLC $1,700,000
Listed by Illustrated Properties LLC
Mar 21, 2023 Sold
Premium
Sold
Mar 17, 2023 No longer available -
No longer available
Jan 24, 2023 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,382
  • Total Building Area: 1,320
  • Gross Building Area: 1,320
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 24
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HORSESHOE POINT
  • Land Acres: 0000000422
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: HORSESHOE POINT LOT 16

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 001302

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: HG-56
  • Parcel: 49-38-41-004-000-00160-3
  • Lot: 16
  • Meridian: SEC 49 TWN 38S RNG 41E
  • Latitude: 27.1532
  • Longitude: -80.1735

    Address

  • Full Address: 5874 Se Horseshoe Point Rd
  • Address - House Number: 5874
  • Street Direction: SE
  • Address - Street Name: Horseshoe Point
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Stuart
  • Carrier Code: R009
  • 4-Digit Zip Code: 2416
  • Zip Code: 34997

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $948,093
  • Tax Rate Code Area: 9009 SOUTH

    Appraisal Valuation

  • Standard Deviation: 0.2048
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 72
  • Final Value: 996,377
  • High Value: 1,200,534
  • Low Value: 792,220

    Market Valuation

  • Market Total Value: $1,002,780
  • Market Land Value: $900,000
  • Market Improvement Value: $102,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $564,477

    Sales

  • Current Sale Contract Date: Mar 16, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3007326
  • Previous Sale Recording Date: Jan 01, 1901
  • Previous Sale Contract Date: Jan 01, 1901
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 4959 Se Primrose Way, Stuart, FL, 34997

$1,975 /mo

  • 2 Beds
  • 1 Bath
  • 580 ft²
4959 Se Primrose Way #2, Stuart, FL, 34997 Listing by Luban Quiceno
Unit for rent at 5857 Se Windsong Lane, Stuart, FL, 34997

$2,300 /mo

  • 3 Beds
  • 3 Baths
  • 1,512 ft²
5857 Se Windsong Lane #806, Stuart, FL, 34997 Listing by Andrew C Sesta

Rentals Near You

Click here to view more rentals in the neighborhood.
MCRTC

Listed by: Jason Flannery, Illustrated Properties LLC
Last Updated: 2 years ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20047685
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 5874 Southeast Horseshoe Point Road built and last sold?
The property at 5874 Southeast Horseshoe Point Road was built in 1969 and last sold on Mar 16, 2023 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 5874 Southeast Horseshoe Point Road is $0.
What are some comparable homes to 5874 Southeast Horseshoe Point Road?
There are currently no comparable homes to 5874 Southeast Horseshoe Point Road.
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