$47,500
●
Land -
Off Market
7845 SE River Lane
Stuart, FL 34997
Studio
0 Bath
$73,282
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Don't miss out on this awesome opportunity to own a waterfront
building lot off the picturesque South Fork of the St. Lucie River.
Sited on over a quarter acre offering a scenic and tranquil
environment. This is a rare opportunity to design and
construct a magnificent home in South River Colony. Nature lovers
of all kinds, paddle boarders, kayakers will fall in love with this
exclusive location. This is a densely wooded lot, 75' on
street, 111' on the canal, 115' & 133' side dimensions. No ocean
access because of a low bridge. This lot has a small low area
so you will need to de-muck and bring in fill. Located only
one mile from I-95. A+ rated Martin County schools.
Unit Size
-
Days on Market
56 days
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$55
HOA Dues
$30
Year Built
2022
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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: 3 months ago (MCRTC #M20019229)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 25, 2022 | Sold | ||
| Sold | |||
| Feb 17, 2022 | Listed by ONE Sotheby's International Re | $599,000 | |
| Listed by ONE Sotheby's International Re | |||
| Aug 26, 2020 | No longer available | - | |
| No longer available | |||
| Dec 1, 2019 | Listed by Engel & Volkers Stuart | $429,900 | |
| Listed by Engel & Volkers Stuart | |||
| | |||
|
HOME TO BE BUILT - DECEMBER 2020 Have you dreamed of a newly constructed waterfront home on the South Fork of the St. Lucie River with close driving access to both the Intracoastal and ocean? This Key West home is being built on one of the last two lots in South River Colony. Almost 1/3 acre, this site offers a scenic and tranquil environment. Nature lovers, paddle boarders, kayakers will love this exclusive location. Densely wooded lot with 111' frontage on the canal. Located 1 mile from I-95. A+ rated Martin County schools. CBS home features complete hurricane impact protection, 24 gauge 5v metal roof, Icynene insulation and spacious, open floor plan. With spacious 9'4 ceilings, 8-foot door passages and premium finishes. Entertain guests with designer style and comfort. Pictures are of the same floor plan built elsewhere. Site plan allows for optional private pool. House completion scheduled for December 2020. The manager has listed the unit size as 1865 square feet.
| |||
| Oct 1, 2019 | Sold | ||
| Sold | |||
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About Martin
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Listed by: Cindy Capwell, ONE Sotheby's International Re
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20019229
Last Updated: 3 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20019229
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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