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Martin 34997
8041 SW Yachtsmans Dr
$746,000
● House - Off Market

8041 SW Yachtsmans Dr

Stuart, FL 34997
bedrooms
6 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
4,721 Ft²
$1,008,441
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Well kept, large house in great area of Locks Landing, Stuart FL. This 6/6 CBS in gated community has a lot of built-ins, tiled flooring and plantation shutters and buried 500 gallon propane tank for gas stove/oven with additional line to outdoor kitchen. Bonus 470 sq ft room over garage. Big house in great community and school district w/plenty of bedrooms and bathrooms for children and guests. Separate 997 sq ft guesthouse (included in square footage) for mom or older child living with you. Also makes a great rental as it is detached and has own entrance. Oversized garage is 1,145 sq ft comprised of 3 bays and 10 extra feet behind each bay. Close to boating, golf, restaurants, shops and beaches. Minutes to I-95 and Florida Turnpike for commuting. Boat docks available to buy or rent.
Unit Size
4,721 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$649
HOA Dues
$90
Year Built
2003

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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: 3 years ago (Beaches MLS #F10231268)

Price History

Date / Event Date Event Price
Sep 24, 2020 Sold
Premium
Sold
May 26, 2020 Listed by Richr Homes $746,000
Listed by Richr Homes

Property Highlights

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 2
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,128
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 254

    Dimensions

  • Lot Size Square Feet: 20,168
  • Total Building Area: 5,640
  • Gross Building Area: 5,640
  • Building Area: 4,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOCKS LANDING
  • Land Acres: 0000000463
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOCKS LANDING PLAT 1 LOT 15

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 001703

Zoning

  • Zoning: PUDR

Geography

  • Assessors Map Reference: HG-34
  • Parcel: 55-38-41-070-000-00150-0
  • Lot: 15
  • Meridian: SEC 55 TWN 38S RNG 41E
  • Latitude: 27.1079
  • Longitude: -80.2866

    Address

  • Full Address: 8041 Sw Yachtsmans Dr
  • Address - House Number: 8041
  • Street Direction: SW
  • Address - Street Name: Yachtsmans
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Stuart
  • Carrier Code: R010
  • 4-Digit Zip Code: 4832
  • Zip Code: 34997

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,197,388
  • Tax Rate Code Area: 9009 SOUTH

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 76
  • Final Value: 1,155,688
  • High Value: 1,364,004
  • Low Value: 947,371

    Market Valuation

  • Market Total Value: $913,580
  • Market Land Value: $175,000
  • Market Improvement Value: $738,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $758,378

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Sep 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20202839646
  • Previous Sale Recording Date: Sep 24, 2020
  • Previous Sale Contract Date: Sep 15, 2020
  • Previous Sale Amount: $746,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Martin

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$285

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2068 ft²

Average Home Age

32.8 years

Currently For Sale

1225 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Wendy Kleidman
Richr Homes
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F10231268
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 8041 Southwest Yachtsmans Drive built and last sold?
The property at 8041 Southwest Yachtsmans Drive was built in 2003 and last sold on Sep 15, 2020 for $746,000.
How much is this home worth?
The estimated value of the home located at 8041 Southwest Yachtsmans Drive is $0.
What are some comparable homes to 8041 Southwest Yachtsmans Drive?
There are currently no comparable homes to 8041 Southwest Yachtsmans Drive.
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