$985,000
●
House -
Off Market
655 SW Salerno Road
Stuart, FL 34997
3 Beds
3 Baths,
1
Half Bath
2,092 Ft²
$5,845
Est. Monthly
$50
HOA / Fees
About This Property
Boater's Paradise! STUNNING Waterfront & Preserve views! Your very
own Tropical Oasis w/lush colorful plants, Fruit trees, Hardwood
(IPE) Multi Level decking, Custom heated/salt water Pool, Brand NEW
Pergola w/Trex deck & 62+ft Dock on a deep canal for your boating
pleasure. Watch manatee & beautiful birds as you relax or fish by
the water's edge. This Solid Built CBS 2 story Home has soaring 21
ft ceilings, Hurricane Impact Windows/Doors, Metal Roof & Solar
Panels for Low Electric Bills! Features: Granite kitchen, laminate
flooring, coastal color palette, 3.5 baths & beautiful views of the
shimmering water & bountiful nature! The Open Floor boasts a chef's
Kitchen, Dining Area & Great Room. Two Owner's Suites w/private
baths & walk in closets, 1st Floor Primary Suite has sliders to an
expansive Deck perfect for your morning coffee. 2nd story primary
Suite boasts panoramic waterfront views & delightful covered
Balcony. 3rd Ensuite Bedroom perfect for guests. Expanded Garage
w/workshop
Unit Size
2,092 Ft²
Days on Market
130 days
Land Size
0.14 acres
Price per sqft
$478
Property Type
House
Property Taxes
$887
HOA Dues
$50
Year Built
2005
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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: 7 months ago (MCRTC #M20053061)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Listed by Real Estate of Florida | $999,500 | |
| Listed by Real Estate of Florida | |||
   | |||
|
Boater's Paradise! STUNNING Waterfront & Preserve views! Your very own Tropical Oasis w/lush colorful plants, Fruit trees, Hardwood (IPE) Multi Level decking, Custom heated/salt water Pool, Brand NEW Pergola w/Trex deck & 62+ft Dock on a deep canal for your boating pleasure. Watch manatee & beautiful birds as you relax or fish by the water's edge. This Solid Built CBS 2 story Home has soaring 21 ft ceilings, Hurricane Impact Windows/Doors, Metal Roof & Solar Panels for Low Electric Bills! Features: Granite kitchen, laminate flooring, coastal color palette, 3.5 baths & beautiful views of the shimmering water & bountiful nature! The Open Floor boasts a chef's Kitchen, Dining Area & Great Room. Two Owner's Suites w/private baths & walk in closets, 1st Floor Primary Suite has sliders to an 1st Floor Primary Suite has sliders to an expansive Deck perfect for your morning coffee. 2nd story primary Suite boasts panoramic waterfront views & delightful covered Balcony. 3rd Ensuite Bedroom perfect for guests. Expanded Garage w/workshop
| |||
| Jan 13, 2026 | Price Decreased |
$999,500
↓ $51K
(4.8%) | |
| Price Decreased | |||
| Dec 6, 2025 | Relisted | $1,050,000 | |
| Relisted | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Martin
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Listed by: Carisa Bravoco, Real Estate of Florida
Last Updated: 7 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20053061
Last Updated: 7 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20053061
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.
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