4300 SE Saint Lucie Blvd #175 · Port Salerno, FL 34997

$192,000

2 bd · 2.0 ba · 1,128 sqft · Condo public records · 814 Days on market

Built 1968 $170/sqft · 18% above area Est $162k · 18% over $350/mo HOA · 14% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.4/30.0
• DSCR +9.0/10.0
• 1% rule +8.1/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

PARADISE FOR BOATERS!! Spacious 2 Bedrm/2 Bath Doublewide in Hidden Harbour Estates, 55+ Manufactured Home Community in Port Salerno. This home backs to a freshwater swale & large easement which affords you complete privacy. A wonderful spot to create your own oasis. The Living Room is Large & Open & adjacent to the kitchen for ease of entertainment. The Master Bedroom is large w ensuite full bath. The 2nd bedroom is also a good size w full bath on the hall. Brand New 4 Ton A/C 2024. Metal Roof. HOA fee of $329/mo. includes basic cable, water/sewer, trash, recreational facilities, lawn care & reserve funds. Deep water dockage in the Manatee Pocket for $3.24/ft/mo. Mins to Ocean/Intracoastal, shopping & sea food restaurants. NO RENTALS. Certified service pets only. YOU OWN THE LAND!!.

Key facts

• 2 parking spots
• Community pool
• Built 1968

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $192k.

Deal economics

• At list price, monthly cash flow is $500 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $192k).
• Recommended offer: $169k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 3.1% in Port Salerno — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#440 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, health & safety A; Watch: schools D, amenities F, commute F.
• Martin (suburban): math 52% / reading 53% proficiency, ranked #24 of 73 in FL (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.7%/yr); 588 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 39% of the median local income ($78k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 814 days — a 12% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $68k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $85k; list at $192k implies a 126% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 814 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.31% ✓
• Cap rate: 9.42%
• Cash-on-cash: 11.16%
• DSCR: 1.50
• GRM: 6.4

CMA / ARV

• ARV (median comp): $162,179
• List price: $192,000
• Delta: 18.39%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.71% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $124
• Equity at exit: $28,628

10-year hold

• IRR: 9.4%
• Equity multiple: 1.72×
• Total profit: $38,663
• Equity at exit: $16,601

Cash invested: $53,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34997

• Rents YoY: 2.7%
• Active inventory: 588
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,510 high
• Mortgage (P&I): −$1,007
• Tax from tax record: −$46 /mo · $553/yr
• Insurance: −$80
• HOA: −$350
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $500

Break-even live

Break-even rent $1,877

Max offer price $192,000

Occupancy floor 75%

Sensitivity live

Price	-10% $608	-5% $554	+0% $500	+5% $445	+10% $391
Rent	-10% $302	-5% $401	+0% $500	+5% $599	+10% $698
Rate	-1.0pp $596	-0.5pp $549	base $500	+0.5pp $450	+1.0pp $399

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $48,000
• Closing costs: $5,760
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4107 SE Barcelona St Stuart, FL	2.0	1.0	1224	$2,500	$2.04	24d	1	0.23mi
4095 SE Centerboard Ln Unit 6B Stuart, FL	2.0	2.0	1154	$3,750	$3.25	24d	1	0.33mi
4404 SE Mulford Ln Stuart, FL	2.0	1.0	834	$2,500	$3.00	24d	1	0.34mi
3901 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1407	$3,875	$2.75	24d	4	0.39mi
3901 SE Saint Lucie Blvd Unit D29 Stuart, FL	2.0	2.0	1460	$3,000	$2.05	24d	1	0.40mi
3257 SE Brook St Unit 3234 Stuart, FL	2.0	2.0	1400	$2,119	$1.51	24d	1	0.59mi
4710 SE Glenridge Trl Stuart, FL	3.0	2.0	1442	$3,300	$2.29	14d	1	0.71mi
4885 SE Capstan Ave #27 Stuart, FL	2.0	2.0	1273	$2,500	$1.96	24d	1	0.87mi
4606 SE Binnacle Way Unit 1 Stuart, FL	2.0	1.0	928	$1,850	$1.99	14d	1	0.88mi
4585 SE Federal Hwy Stuart, FL	1.0–3.0	1.0–2.0	1015	$2,326	$2.29	14d	27	1.01mi
5393 SE 48th Ave Unit C Stuart, FL	1.0	1.0	750	$1,550	$2.07	24d	1	1.05mi
3166 SE Garden St Stuart, FL	2.0	1.0	870	$1,850	$2.13	14d	1	1.08mi
3166 SE Garden St Unit 3166 Stuart, FL	2.0	1.0	870	$1,900	$2.18	14d	1	1.08mi
3299 SE Garden St Stuart, FL	3.0	2.0	1360	$2,410	$1.77	24d	1	1.10mi
3003 SE Fairmont St Stuart, FL	3.0	2.0	1366	$2,500	$1.83	14d	1	1.19mi
5601 SE Laguna Ave Stuart, FL	2.0	1.0	1080	$2,200	$2.04	14d	1	1.20mi
2934 SE Ellendale St Stuart, FL	2.0	2.0	900	$2,000	$2.22	14d	1	1.22mi
2410 SE Tarvest Way Stuart, FL	3.0	2.5	1475	$2,500	$1.69	14d	1	1.22mi
5688 SE Pine Ave Stuart, FL	3.0	2.0	1255	$2,510	$2.00	14d	1	1.24mi
5881 SE Windsong Ln Stuart, FL	2.0	2.5	1288	$2,100	$1.63	14d	1	1.28mi
2277 SE Monroe St Stuart, FL	3.0	2.0	1128	$2,800	$2.48	14d	1	1.30mi
2641 SE Clayton St Unit 2641 Stuart, FL	3.0	1.5	1150	$2,400	$2.09	24d	1	1.42mi
5045 SE Primrose Way Stuart, FL	2.0	2.0	837	$1,900	$2.27	14d	1	1.43mi
5403 SE Miles Grant Rd Stuart, FL	2.0	2.0	1186	$1,750	$1.48	24d	2	1.44mi
5833 SE 47th Ave Stuart, FL	1.0	1.0	700	$1,500	$2.14	24d	2	1.45mi
3002 SE Camino Ave Stuart, FL	2.0	1.0	930	$2,000	$2.15	24d	1	1.46mi

HOA detail condo

• Monthly dues: $350 · $4,200/yr
• Likely covers: watersewertrashcablelandscaping
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $192,000 Active 814 DOM
2. 2026-06-17
   days on market $192,000 Active 813 DOM
3. 2026-06-16
   days on market $192,000 Active 812 DOM
4. 2026-06-15
   days on market $192,000 Active 811 DOM
5. 2026-06-14
   days on market $192,000 Active 809 DOM
6. 2026-06-13
   days on market $192,000 Active 808 DOM
7. 2026-06-10
   days on market $192,000 Active 806 DOM
8. 2026-06-09
   days on market $192,000 Active 805 DOM
9. 2026-06-08
   days on market $192,000 Active 804 DOM
10. 2026-06-07
    days on market $192,000 Active 803 DOM
11. 2026-06-03
    days on market $192,000 Active 799 DOM
12. 2026-06-02
    days on market $192,000 Active 798 DOM
13. 2026-06-01
    days on market $192,000 Active 797 DOM
14. 2026-05-31
    days on market $192,000 Active 796 DOM
15. 2026-05-31
    days on market $192,000 Active 795 DOM
16. 2026-03-24
    price $192,000 817-char remark

    Show marketing remark (817 chars)

    PARADISE FOR BOATERS!! Spacious 2 Bedrm/2 Bath Doublewide in Hidden Harbour Estates, 55+ Manufactured Home Community in Port Salerno. This home backs to a freshwater swale & large easement which affords you complete privacy. A wonderful spot to create your own oasis. The Living Room is Large & Open & adjacent to the kitchen for ease of entertainment. The Master Bedroom is large w ensuite full bath. The 2nd bedroom is also a good size w full bath on the hall. Brand New 4 Ton A/C 2024. Metal Roof. HOA fee of $329/mo. includes basic cable, water/sewer, trash, recreational facilities, lawn care & reserve funds. Deep water dockage in the Manatee Pocket for $3.24/ft/mo. Mins to Ocean/Intracoastal, shopping & sea food restaurants. NO RENTALS. Certified service pets only. YOU OWN THE LAND!!.

17. 2025-09-25
    price $240,000 817-char remark

    Show marketing remark (817 chars)

    PARADISE FOR BOATERS!! Spacious 2 Bedrm/2 Bath Doublewide in Hidden Harbour Estates, 55+ Manufactured Home Community in Port Salerno. This home backs to a freshwater swale & large easement which affords you complete privacy. A wonderful spot to create your own oasis. The Living Room is Large & Open & adjacent to the kitchen for ease of entertainment. The Master Bedroom is large w ensuite full bath. The 2nd bedroom is also a good size w full bath on the hall. Brand New 4 Ton A/C 2024. Metal Roof. HOA fee of $329/mo. includes basic cable, water/sewer, trash, recreational facilities, lawn care & reserve funds. Deep water dockage in the Manatee Pocket for $3.24/ft/mo. Mins to Ocean/Intracoastal, shopping & sea food restaurants. NO RENTALS. Certified service pets only. YOU OWN THE LAND!!.

18. 2024-12-11
    price $245,000 817-char remark

    Show marketing remark (817 chars)

    PARADISE FOR BOATERS!! Spacious 2 Bedrm/2 Bath Doublewide in Hidden Harbour Estates, 55+ Manufactured Home Community in Port Salerno. This home backs to a freshwater swale & large easement which affords you complete privacy. A wonderful spot to create your own oasis. The Living Room is Large & Open & adjacent to the kitchen for ease of entertainment. The Master Bedroom is large w ensuite full bath. The 2nd bedroom is also a good size w full bath on the hall. Brand New 4 Ton A/C 2024. Metal Roof. HOA fee of $329/mo. includes basic cable, water/sewer, trash, recreational facilities, lawn care & reserve funds. Deep water dockage in the Manatee Pocket for $3.24/ft/mo. Mins to Ocean/Intracoastal, shopping & sea food restaurants. NO RENTALS. Certified service pets only. YOU OWN THE LAND!!.

19. 2024-09-21
    price $255,000 817-char remark

    Show marketing remark (817 chars)

    PARADISE FOR BOATERS!! Spacious 2 Bedrm/2 Bath Doublewide in Hidden Harbour Estates, 55+ Manufactured Home Community in Port Salerno. This home backs to a freshwater swale & large easement which affords you complete privacy. A wonderful spot to create your own oasis. The Living Room is Large & Open & adjacent to the kitchen for ease of entertainment. The Master Bedroom is large w ensuite full bath. The 2nd bedroom is also a good size w full bath on the hall. Brand New 4 Ton A/C 2024. Metal Roof. HOA fee of $329/mo. includes basic cable, water/sewer, trash, recreational facilities, lawn care & reserve funds. Deep water dockage in the Manatee Pocket for $3.24/ft/mo. Mins to Ocean/Intracoastal, shopping & sea food restaurants. NO RENTALS. Certified service pets only. YOU OWN THE LAND!!.

20. 2024-03-26
    listed $260,000 Active 817-char remark

    Show marketing remark (817 chars)

    PARADISE FOR BOATERS!! Spacious 2 Bedrm/2 Bath Doublewide in Hidden Harbour Estates, 55+ Manufactured Home Community in Port Salerno. This home backs to a freshwater swale & large easement which affords you complete privacy. A wonderful spot to create your own oasis. The Living Room is Large & Open & adjacent to the kitchen for ease of entertainment. The Master Bedroom is large w ensuite full bath. The 2nd bedroom is also a good size w full bath on the hall. Brand New 4 Ton A/C 2024. Metal Roof. HOA fee of $329/mo. includes basic cable, water/sewer, trash, recreational facilities, lawn care & reserve funds. Deep water dockage in the Manatee Pocket for $3.24/ft/mo. Mins to Ocean/Intracoastal, shopping & sea food restaurants. NO RENTALS. Certified service pets only. YOU OWN THE LAND!!.

21. 2014-05-29
    historical
22. 2013-07-23
    soldstatus $85,000
23. 2013-01-16
    listed $99,900
24. 1990-12-28
    soldstatus $58,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $553 · $46/mo
• Projected year-2 tax: $1,594 · $133/mo
• Expected delta: +$1,041/yr (+$87/mo · 188.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,118
• − Mortgage interest: −$10,755
• − Property taxes: −$553
• − Insurance: −$960
• − Repairs & maintenance: −$2,409
• − Management: −$2,409
• − HOA: −$4,200
• − Depreciation: −$5,585
• Taxable income: $3,246
• Est. tax owed @ 24.0%: −$779
• After-tax cash flow: $5,219/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Martin
• NCES district ID: 1201290
• Math proficiency: 52% ▼ -14.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $52,482
• Composite: 45.1/100
• National rank: #2690
• State rank: #24 of 73 in FL

Livability — Port Salerno

• Score: 70/100
• State rank: #440
• US rank: #7873

Category grades

Amenities F Commute F Cost of living B Crime A Employment C Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Martin County · 165,223 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 47,075
• Household income: $78,136
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 1323.0

Population outlook (Martin County) Hauer SSP2

• Today (2025): 172,383 people
• By 2030: 180,192 · +4.5%
• By 2040: 194,114 · +12.6%
• By 2050: 204,992 · +18.9%
• By 2075: 229,641 · +33.2%
• By 2100: 232,146 · +34.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 9% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 14% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Martin

• 2024 margin: Solid R (+31.1) · D 34.1% · R 65.2%
• 2008→2024 swing: -17.5pp toward R · 2008: -13.6pp · 2024: -31.1pp
• All cycles: 2024: R+31.1 2020: R+24.6 2016: R+26.9 2012: R+22.9 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -319.78%
• Current HPI: 336.7717
• Rent YoY: ▲ 2.71%
• Metro: Port St. Lucie, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+231.0% since first listed

9 events — show timeline

• 2026-03-24 Price Changed $192,000 Beaches MLS
• 2025-09-25 Price Changed $240,000 Beaches MLS
• 2024-12-11 Price Changed $245,000 Beaches MLS
• 2024-09-21 Price Changed $255,000 Beaches MLS
• 2024-03-26 Listed $260,000 Beaches MLS
• 2014-05-29 Listing Removed — MCRTC
• 2013-07-23 Sold (Public Records) $85,000 Public Records
• 2013-01-16 Listed $99,900 MCRTC
• 1990-12-28 Sold (Public Records) $58,000 Public Records

Property tax history

-0.2%/yr

Latest (2025): $553 · -0.7% YoY. Source: county tax records.