1706 N 15th St · Fort Pierce, FL 34950

$174,900

1 bd · 1.0 ba · 576 sqft · SingleFamily public records · 93 Days on market

Built 1950 6,325 sqft lot

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Why this score? — see what drove the D 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 +12.7/30.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• DSCR +3.8/10.0
• Livability +3.8/5.0
• Schools +3.7/10.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 1-Bedroom Home with Modern Updates – A Must-See! Discover this beautifully renovated 600 square foot home, brimming with modern charm. This delightful 1-bedroom property has been completely remodeled, offering contemporary features and finishes that make it a fantastic buy for the money. Whether you're looking for an income-producing property or a cozy vacation home, this gem is perfect for you. Ready to downsize? This home offers the ideal solution with its efficient layout and stylish design. Don't miss out on this opportunity – come see this charming home today!

Key facts

• Firepit
• Walk-in closet
• Gas-equipped kitchen

Tags

• GAS-EQUIPPED KITCHEN
• UPDATED BATHROOM
• WALK-IN CLOSET
• SEPARATE DINING AREA
• SPRAWLING BACKYARD OASIS
• FIREPIT

Property features AI

Finance

• Financial info: No land lease; Pets allowed with no restrictions

Exterior

• Parking: Driveway parking; Guest parking; Open parking; Paver block; RV access/parking; Shared driveway; Boat access/parking; 3 parking spaces total
• Utilities: Public water; Public sewer; Cable available; Electricity available; Phone available; Propane available; Underground utilities; Water and sewer available
• Home design: Single family residence; One story; First-floor entry; Faces northwest; Resale condition; Accessible features throughout (accessible bedroom, closets, central living area, doors, entrance, controls, full bath, kitchen, kitchen appliances, washer/dryer) and ceiling track
• Construction: Wood siding construction; Composition/shingle roof; 1 total story
• Exterior features: Open patio and open porch; Patio and porch space; Room for pool; Not waterfront

Interior

• Kitchen: Dishwasher; Gas range; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Laminate
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Window/wall heating; Ceiling fan(s); Wall/window cooling units
• Interior features: Walk-in closet(s); Drapes and rods
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-19 ($-224/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (1.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (18.6% below list).
• Recommended offer: $142k (18.6% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 3.7% in Fort Pierce — 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 76/100 on livability (#226 in FL, #3,360 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, amenities F, employment F.
• St. Lucie (urban): math 40% / reading 48% proficiency, ranked #51 of 73 in FL (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Chester A. Moore Elementary School (math 34% / reading 20%, grade F, #1,969 of 2,144 statewide, top 94%, 366 students, 96% FRL); Dan Mccarty Middle School (math 23% / reading 23%, grade F, #542 of 571 statewide, top 95%, 747 students, 88% FRL); Fort Pierce Westwood Academy The W.E.S.T. Prep Magnet (math 16% / reading 36%, grade F, #494 of 667 statewide, top 75%, 2,010 students, 75% FRL) — zoned schools average 86% FRL vs 59% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 25% at this address vs 44% district-wide (-19 pts) — the specific schools serving this property underperform the St. Lucie average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.9%/yr); 165 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• St. Lucie County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $132k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,397 (18.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.46%
• DSCR: 0.98
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $112,896
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2017 N 3rd St	0.46mi	1/1.0	562 (-2%)	8mo	$110,000	$196	68

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.94% rent growth · sell at horizon

5-year hold

• IRR: -14.0%
• Equity multiple: 0.49×
• Total profit: $-25,215
• Equity at exit: $26,078

10-year hold

• IRR: -1.2%
• Equity multiple: 0.90×
• Total profit: $-4,665
• Equity at exit: $15,122

Cash invested: $48,972 (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 34950

• Home prices YoY: -20.2%
• Rents YoY: 5.9%
• Active inventory: 165
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,424 high
• Mortgage (P&I): −$917
• Tax from tax record: −$154 /mo · $1,843/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $-19

Break-even live

Break-even rent $1,448

Max offer price $171,597

Occupancy floor 96%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2017 N 3rd St Fort Pierce, FL	1.0	1.0	600	$1,650	$2.75	23d	1	0.48mi
2202 N AVE Unit A Fort Pierce, FL	2.0	1.0	585	$1,500	$2.56	23d	1	0.50mi
1610 N 25th St Unit 10 Fort Pierce, FL	2.0	1.0	740	$1,600	$2.16	23d	1	0.64mi
1610 N 25th St Unit 13 Fort Pierce, FL	2.0	1.0	740	$1,550	$2.09	23d	1	0.64mi
1610 N 25th St Unit 1 Fort Pierce, FL	2.0	1.0	740	$1,600	$2.16	14d	1	0.64mi
1604 Avenue E Fort Pierce, FL	2.0	1.0	713	$1,350	$1.89	14d	1	0.70mi
701 N 9th St Unit B Fort Pierce, FL	2.0	2.0	740	$1,395	$1.89	23d	1	0.79mi
2107 San Marcos Ave Fort Pierce, FL	2.0	1.0	625	$1,171	$1.87	21d	1	0.80mi
529 N 11th St Fort Pierce, FL	2.0	2.0	634	$1,200	$1.89	21d	1	0.80mi
434 N 17th St Fort Pierce, FL	2.0	1.0	712	$1,500	$2.11	23d	1	0.89mi
321 N 11th St Unit C Fort Pierce, FL	1.0	1.0	650	$950	$1.46	23d	1	1.03mi
136 N 15th St Unit C Fort Pierce, FL	2.0	1.0	688	$1,375	$2.00	23d	1	1.13mi
1310 Atlantic Ave Unit B Fort Pierce, FL	1.0	1.0	700	$1,550	$2.21	14d	1	1.28mi
1310 Atlantic Ave Unit B Fort Pierce, FL	1.0	1.0	700	$1,620	$2.31	23d	1	1.28mi
804 Orange Ave Unit B Fort Pierce, FL	2.0	1.0	700	$1,450	$2.07	23d	1	1.33mi
804 Orange Ave Unit B Fort Pierce, FL	2.0	1.0	700	$1,350	$1.93	14d	1	1.33mi

Listing history 35 events

1. 2026-06-18
   days on market $174,900 Active 93 DOM
2. 2026-06-17
   days on market $174,900 Active 92 DOM
3. 2026-06-16
   days on market $174,900 Active 91 DOM
4. 2026-06-15
   days on market $174,900 Active 90 DOM
5. 2026-06-14
   days on market $174,900 Active 88 DOM
6. 2026-06-13
   days on market $174,900 Active 87 DOM
7. 2026-06-10
   days on market $174,900 Active 85 DOM
8. 2026-06-09
   days on market $174,900 Active 84 DOM
9. 2026-06-08
   days on market $174,900 Active 83 DOM
10. 2026-06-07
    days on market $174,900 Active 82 DOM
11. 2026-06-05
    days on market $174,900 Active 79 DOM
12. 2026-06-03
    days on market $174,900 Active 78 DOM
13. 2026-06-02
    days on market $174,900 Active 77 DOM
14. 2026-06-01
    days on market $174,900 Active 76 DOM
15. 2026-05-31
    days on market $174,900 Active 75 DOM
16. 2026-05-30
    days on market $174,900 Active 74 DOM
17. 2026-03-13
    listed $174,900 Active
18. 2025-12-17
    historical $1,500
19. 2025-09-26
    listed $1,500
20. 2025-09-25
    historical $1,500
21. 2025-07-21
    listed $1,500
22. 2025-07-16
    soldstatus $132,500
23. 2025-07-15
    soldstatus $132,500 Closed 595-char remark

    Show marketing remark (595 chars)

    Charming 1-Bedroom Home with Modern Updates – A Must-See! Discover this beautifully renovated 600 square foot home, brimming with modern charm. This delightful 1-bedroom property has been completely remodeled, offering contemporary features and finishes that make it a fantastic buy for the money. Whether you're looking for an income-producing property or a cozy vacation home, this gem is perfect for you. Ready to downsize? This home offers the ideal solution with its efficient layout and stylish design. Don't miss out on this opportunity – come see this charming home today!

24. 2025-06-12
    listed $139,900 Active 595-char remark

    Show marketing remark (595 chars)

    Charming 1-Bedroom Home with Modern Updates – A Must-See! Discover this beautifully renovated 600 square foot home, brimming with modern charm. This delightful 1-bedroom property has been completely remodeled, offering contemporary features and finishes that make it a fantastic buy for the money. Whether you're looking for an income-producing property or a cozy vacation home, this gem is perfect for you. Ready to downsize? This home offers the ideal solution with its efficient layout and stylish design. Don't miss out on this opportunity – come see this charming home today!

25. 2024-07-06
    historical $2,000
26. 2024-06-05
    listed $2,000
27. 2020-12-22
    soldstatus $65,000 Closed 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

28. 2020-12-01
    status Pending 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

29. 2020-11-20
    price $67,000 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

30. 2020-11-13
    status Active 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

31. 2020-10-16
    historical Contingent 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

32. 2020-10-14
    price $69,000 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

33. 2020-10-14
    status Active 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

34. 2020-10-09
    historical Contingent 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

35. 2020-09-25
    listed $74,900 Active 373-char remark

    Show marketing remark (373 chars)

    Charming little home on a quiet street located right down the road from Frances K Magnet School. House is move in ready just put the keys in the door. Brand New flooring, kitchen, water heater and appliances. Nice sized back yard with a shed and large shade tree in the front. No neighbors on either side, so you can enjoy your privacy. Market price for rent is around $850

ⓘ 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: $1,843 · $154/mo
• Projected year-2 tax: $1,843 · $154/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 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: $17,088
• − Mortgage interest: −$9,797
• − Property taxes: −$1,843
• − Insurance: −$874
• − Repairs & maintenance: −$1,367
• − Management: −$1,367
• − Depreciation: −$5,088
• Taxable loss: −$3,249
• Est. tax savings @ 24.0%: +$780
• After-tax cash flow: $555/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: St. Lucie
• NCES district ID: 1201770
• Math proficiency: 40% ▼ -11.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $44,737
• Composite: 37.28/100
• National rank: #4449
• State rank: #51 of 73 in FL

Livability — Fort Pierce

• Score: 76/100
• State rank: #226
• US rank: #3360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Pierce, FL
• County: Saint Lucie County · 337,150 people
• City population: 78,556
• Metro: Port St. Lucie, FL
• Population (ZIP): 17,461
• Household income: $30,400
• Rent vs Own: 61.1% rent · 38.9% own
• Severe rent burden: 1995.0

Population outlook (St. Lucie County) Hauer SSP2

• Today (2025): 338,016 people
• By 2030: 355,687 · +5.2%
• By 2040: 385,521 · +14.1%
• By 2050: 406,106 · +20.1%
• By 2075: 441,054 · +30.5%
• By 2100: 436,885 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% Hispanic / Latino 19% White 17% Two or more races 10%
• Hispanic origin (detail): Mexican 10% Puerto Rican 2% Cuban 1%
• Common ancestry: Hispanic 17% Portuguese 1%
• Foreign-born: 23% · Canada
• Languages at home: 69% English-only · Spanish 14% French/Haitian/Cajun 12% Other Indo-European 4%

Political lean MEDSL · St. Lucie

• 2024 margin: Lean R (+9.1) · D 45.1% · R 54.2%
• 2008→2024 swing: -21.2pp toward R · 2008: 12.1pp · 2024: -9.1pp
• All cycles: 2024: R+9.1 2020: R+1.6 2016: R+2.5 2012: D+7.9 2008: D+12.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -97.20%
• Current HPI: 384.8532
• Rent YoY: ▲ 5.94%
• 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

+133.5% since first listed

19 events — show timeline

• 2026-03-13 Listed $174,900 Beaches MLS
• 2025-12-17 Rental Removed $1,500 RENTSPREE
• 2025-09-26 Listed for Rent $1,500 RENTSPREE
• 2025-09-25 Rental Removed $1,500 GFLMLS
• 2025-07-21 Listed for Rent $1,500 GFLMLS
• 2025-07-16 Sold (Public Records) $132,500 Public Records
• 2025-07-15 Sold (MLS) $132,500 RAIRCMLS
• 2025-06-12 Listed $139,900 RAIRCMLS
• 2024-07-06 Rental Removed $2,000 TURBOTENANT
• 2024-06-05 Listed for Rent $2,000 TURBOTENANT
• 2020-12-22 Sold (MLS) $65,000 Beaches MLS
• 2020-12-01 Pending — Beaches MLS
• 2020-11-20 Price Changed $67,000 Beaches MLS
• 2020-11-13 Relisted — Beaches MLS
• 2020-10-16 Contingent — Beaches MLS
• 2020-10-14 Price Changed $69,000 Beaches MLS
• 2020-10-14 Relisted — Beaches MLS
• 2020-10-09 Contingent — Beaches MLS
• 2020-09-25 Listed $74,900 Beaches MLS

Property tax history

+37.8%/yr

Latest (2025): $1,843 · +7.8% YoY. Source: county tax records.