Motivated Seller! An exceptional opportunity to bring your
vision to life and create a home that's exactly what you want.
With great bones and a desirable layout, it offers endless
potential. Priced to sell, this home is ready for your
personal updates and finishing touches. The outdoor setting is a
showstopper, with sweeping water and golf course views and
spectacular sunsets over the water. A generous outdoor living area,
inviting pool, and panoramic picture-window screen enclosure take
full advantage of the scenery, offering virtually uninterrupted
views and the perfect backdrop for relaxing and entertaining.
Additional highlights include a desirable split floor plan, soaring
ceilings, and dramatic floor-to-ceiling windows that capture the
beautiful setting from the moment you enter. The spacious kitchen
also overlooks the picturesque scenery, while the primary suite
features a generous walk-in closet and beautifully renovated bath,
and a flex room that can be used as an office or an additional
closet. A large laundry room, two-car garage, and separate
air-conditioned golf cart garage with a dedicated workshop area and
abundant storage add exceptional functionality. Residents
enjoy two championship 18-hole golf courses, Har-Tru tennis courts,
pickleball, croquet, and a state-of-the-art fitness center. The
community also features a resort-style pool with a separate lap
pool, along with the Sand Bar offering exceptional indoor and
outdoor casual dining. The spectacular new clubhouse provides both
fine and casual dining, along with weekly social events and happy
hours. Additional amenities include a dog park, playground, spa,
and nail salon-all just minutes from pristine beaches and charming
downtown Stuart. Social membership is required with a one-time
capital contribution of $50,000 due at closing. Golf membership is
separate and optional.
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.
HOA/Condo/Coop Amenities: Basketball Court, Clubhouse, Dog Park, Fitness Center, Golf Course, Gated, Management, Playground, Pool, Security, Tennis Court(s), BocceCourt, Library, Pickleball, PuttingGreens, Restaurant
HOA Fee: $1,553
HOA Fee Frequency: Monthly
Building Info
Overview
General
Year Built:
1989
Effective Year Built:
1989
Building Count:
1
Total Rooms:
4
Bedroom Count:
4
Bathroom Count:
4
Full Bathrooms:
4
Partial Bathrooms:
4
Building Condition:
6
Building Quality:
0
Construction Type:
6
Building Style:
0
Exterior Walls Type:
12
Interior Walls Type:
3
Roof Shape Type:
7
Roof Cover Type:
4
Floor Count:
100
Living Units:
1
Floor Cover:
9
Basement Type:
0
Basement Area:
0
Garage Type:
1
Garage Square Area:
784
Parking Space Count:
3
Patio Type:
59
Porch Type:
102
Pool Type:
8
Location Influence Type:
101
Dimensions
Lot Size Square Feet:
20,473
Total Building Area:
4,567
Gross Building Area:
4,567
Building Area:
3,783
Building Area Measurement:
L
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
1
Heating:
3
Heated Square Feet:
3,783
Heating Fuel Type:
0
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
MARINER SANDS
Land Acres:
0000000470
Standard Land Use Code:
1001
County Land Use Code:
0100
State Land Use Code:
01
Legal Description 1:
LOT 19 BLOCK S MARINER SANDS PLAT NO 3 ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 9 PAGE 18 PUBLIC RECORDS MARTIN COUNTY FLORIDA
Neighborhood
School District Name:
Martin County School District
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