Located in the exclusive golf community of Mariner Sands Country
Club, this beautiful 3,485 square foot home offers 3 bedrooms, 5
bathrooms and breathtaking golf course views! The home is concrete
block construction and has a whole-house generator, tankless water
heater, and a 3-car garage with epoxy flooring. The kitchen
features a gas cooktop, double ovens, Sub-Zero refrigerator, and
generous storage, flowing seamlessly into a spacious family room.
The living room with gas fireplace opens effortlessly to a
screened lanai overlooking a stunning pool, expansive patio, and
sweeping golf course views. Primary suite is a private
sanctuary with dual walk-in closets, double vanities, jacuzzi tub
and walk-in shower. Two guest rooms each have an ensuite bath.
A generously sized room currently used as an office and art
studio offers endless possibilities. Perfect as a den, media room,
or formal dining space, with ample room to accommodate a pull-out
sofa for additional guests. Please note, chandelier in foyer does
not convey. 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:
1990
Effective Year Built:
1990
Building Count:
1
Total Rooms:
3
Bedroom Count:
3
Bathroom Count:
4
Full Bathrooms:
3
Partial Bathrooms:
4
Building Condition:
6
Building Quality:
0
Construction Type:
4
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:
805
Parking Space Count:
3
Patio Type:
59
Porch Type:
102
Pool Type:
2
Location Influence Type:
101
Dimensions
Lot Size Square Feet:
19,166
Total Building Area:
4,290
Gross Building Area:
4,290
Building Area:
3,485
Building Area Measurement:
L
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
1
Heating:
3
Heated Square Feet:
3,485
Heating Fuel Type:
0
Utilities
Sewer System:
2
Water Service:
3
Building
Building Type:
0
Property Class:
R
Subdivision:
MARINER SANDS
Land Acres:
0000000440
Standard Land Use Code:
1001
County Land Use Code:
0100
State Land Use Code:
01
Legal Description 1:
LOT 6 MARINER SANDS PLAT NO 10 ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 10 PAGE 71 PUBLIC RECORDS MARTIN COUNTY FLORIDA
Neighborhood
School District Name:
Martin County School District
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