$200,000
●
Land -
Off Market
61 SE River Lights Court
Stuart, FL 34996
Studio
0 Bath
$424,366
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model
About This Property
Located in the gated enclave of Snug Harbor West, this buildable
lot is ready for that Coastal-style, or Key West-inspired home.
The HOA fee includes common area liability insurance, full
lawn maintenance, pest control and fertilization, annual tree
trimming, use of community pool and clubhouse. Lot ownership
also COMES WITH DEEDED DOCK SLIP at the community marina with power
and water hookup. Community also offers tennis courts.
Currently, two homes are being built in the community, adding
to the fresh feel of Snug Harbor West. Buyer can
package lot with home located at 51 River Lights, which can be
expanded onto this lot, or a pool added to compliment 51 River
Lights.
Unit Size
-
Days on Market
130 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$226
HOA Dues
$285
Year Built
-
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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 #M386367)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Feb 22, 2025 | In contract | - | |
| In contract | |||
| Jan 4, 2025 | Listed by Real Estate of Florida | $499,000 | |
| Listed by Real Estate of Florida | |||
   | |||
|
DISCOVER THIS RARE OPPORTUNITY TO OWN THE LAST REMAINING LOT WITH DOCK IN SNUG HARBOR WEST! COMMUNITY CONSISTS OF 17 KEY WEST CUSTOM HOMES WITH PRIVATE MARINA AND CLUBHOUSE AND POOL. LOW HOA FEE COVERS SECURITY GATE, LAWN MAINTENANCE AND COMMUNITY AREA CLUBHOUSE AND POOL. PRIME IN TOWN LOCATION IN THE HEART OF STUART IS JUST MINUTES TO DOWNTOWN, SHOPPING, RESTAURANTS, HOSPITAL AND STUARTS FINEST BEACHES. HOA APPROVED BUILDING PLANS AND SURVEY AVAILABLE WITH PURCHASE. RARE OPPORTUNITY TO FIND A HOMESITE IN THIS LOCATION WITH PRIVATE MARINA AND BOATSLIP INCLUDED. BUILD YOUR DREAM HOME TODAY! TRULY PRICED TO SELL. GUARANTEED BEST VALUE FOR THIS LOCATION IN STUART. CALL TODAY
| |||
| Apr 20, 2024 | No longer available | - | |
| No longer available | |||
| Mar 2, 2024 | Price Decreased |
$649,000
↓ $40K
(5.8%) | |
| Price Decreased | |||
Show More
Property Highlights
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
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Stuart
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Listed by: Stephen Ngo, Premier Realty Group Inc
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M386367
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M386367
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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