151 NE Buoy Dr · Ocean Breeze, FL 34957

$239,000

2 bd · 2.0 ba · 1,148 sqft · Manufactured · 19 Days on market

Built 2022 Good condition Est $348k · 31% under ↓ 20% since listing

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Why this score? — see what drove the B- 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 +23.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.0/10.0
• Schools +4.5/10.0
• Condition / age +4.0/5.0
• Rent growth +2.8/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Live everyday as a STAYCATION! Price Reduced! Ready to Sell! Key West Style BEACH HOME. Spotless Clean! Built in 2022, shows like Brand New! Full IMPACT WINDOWS & DOORS! Large 26x5 Front Porch. Upgraded SS Appliances, Quartz Countertops, Bathrooms & Farmhouse Sink! Located in Ocean Breeze Resort, a desirable 55+, Gated, Dog Friendly, Golf Cart Community. No HOA. Only a land lease which pays for your property taxes and access to Upscale Amenities. Swimming, Hot Tub, Fitness Center, Billiards, Pickleball, Clubhouse & Poolside Cafe! Fish the Indian River from the Private Pier. Walking distance to downtown Jensen Beach Restaurants, Shopping, and the Marina. A quick 5 minute dr

Key facts

• Quartz countertops
• Farmhouse sink
• 2 parking spots

Tags

• KEY WEST STYLE BEACH HOME
• FULL IMPACT WINDOWS & DOORS
• LARGE 26X5 FRONT PORCH
• UPGRADED SS APPLIANCES
• QUARTZ COUNTERTOPS
• FARMHOUSE SINK

Property features AI

Finance

• Financial info: Land lease of $1,027 per month (lease expires 2027-06-30); Pets allowed with limits
• HOA & community: Association: Ocean Breeze; Monthly association fee (association amenities include pool, spa/hot tub, fitness center, tennis courts, pickleball courts, bocce ball, billiard room, game room, storage, dog park); Association fee covers maintenance of grounds, security, common areas, common real estate tax, and pool service; Senior community

Exterior

• Parking: 2 parking spaces total; Attached carport (1 covered space)
• Security: Gated community (no guard)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available; Water available; Sewer available
• Home design: Manufactured home; Single-story; Entry level living area; North-facing
• Construction: Modular construction; Metal roof
• Exterior features: Open porch; Porch

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Garbage disposal; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Storm windows; Unfurnished
• Laundry & utility: Laundry closet inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $239k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $239k).
• Recommended offer: $235k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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.
• Zoned schools: Jensen Beach Elementary School (math 67% / reading 67%, grade B+, #450 of 2,144 statewide, top 22%, 558 students, 45% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: Rents rising (+1.0%/yr); 536 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 45% of the median local income ($70k/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 $2k of loan paydown is wiped out by about $7k 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 19 days — a 2% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $235,415 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.10% ✓
• Cap rate: 8.46%
• Cash-on-cash: 7.75%
• DSCR: 1.35
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $347,844
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
301 NE Coastal Dr	0.27mi	2/2.0	1,040 (-9%)	4mo	$315,000	$303	69

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.76×
• Total profit: $-16,350
• Equity at exit: $35,636

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $873
• Equity at exit: $20,664

Cash invested: $66,920 (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 34957

• Rents YoY: 1.0%
• Active inventory: 536
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,638 high
• Mortgage (P&I): −$1,253
• Tax est. 1.5%: −$299 /mo · $3,585/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$554
• Net cashflow: $432

Break-even live

Break-even rent $2,091

Max offer price $239,000

Occupancy floor 79%

Sensitivity live

Price	-10% $598	-5% $515	+0% $432	+5% $350	+10% $267
Rent	-10% $224	-5% $328	+0% $432	+5% $537	+10% $641
Rate	-1.0pp $553	-0.5pp $493	base $432	+0.5pp $371	+1.0pp $308

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
297 NE Coastal DR #297 Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	24d	1	0.03mi
2680 NE Indian River Dr Unit 9 Jensen Beach, FL	2.0	1.0	800	$2,100	$2.62	15d	1	0.37mi
2563 NE Palm Ave Jensen Beach, FL	2.0	2.0	950	$2,400	$2.53	24d	1	0.43mi
2459 NE Hickory Ave Jensen Beach, FL	1.0	1.0	736	$1,700	$2.31	24d	1	0.53mi
2632 NE Pelican Way Jensen Beach, FL	2.0	1.0	1000	$4,800	$4.80	24d	1	0.55mi
2646 NE Pelican Way Jensen Beach, FL	1.0	1.0	1000	$2,400	$2.40	24d	1	0.56mi
2506 NE Heron's Walk Jensen Beach, FL	2.0	1.0	1000	$2,400	$2.40	24d	1	0.59mi
3450 NE Linda Dr Jensen Beach, FL	2.0	1.0	1240	$2,500	$2.02	24d	1	0.72mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	15d	1	0.74mi
3121 NE Savannah Rd Unit 3121 Jensen Beach, FL	3.0	1.0	1085	$2,095	$1.93	24d	1	0.75mi
3123 NE Savannah Rd Unit 3123 Jensen Beach, FL	3.0	2.0	1100	$2,195	$2.00	24d	1	0.75mi
2831 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1248	$3,000	$2.40	24d	1	0.77mi
2952 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1056	$3,000	$2.84	24d	1	0.78mi
1315 NE Flora Pl Jensen Beach, FL	3.0	2.0	1400	$3,000	$2.14	24d	1	0.82mi
3663 NE Barbara Dr Jensen Beach, FL	2.0	1.0	991	$2,450	$2.47	24d	1	0.87mi
4220 NE Indian River Dr #2 Jensen Beach, FL	2.0	1.5	900	$2,200	$2.44	24d	1	1.04mi
1903 NE Media Ave Jensen Beach, FL	2.0	2.0	1324	$2,400	$1.81	24d	1	1.06mi
4215 NE Carrol Ct Jensen Beach, FL	2.0	1.0	1304	$3,300	$2.53	24d	1	1.15mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	24d	1	1.17mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	15d	1	1.22mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	24d	1	1.22mi
1622 NE Maureen Ct Jensen Beach, FL	2.0	1.0	780	$1,800	$2.31	15d	1	1.26mi
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	24d	1	1.29mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	15d	1	1.35mi
3382 NE Causeway Blvd Jensen Beach, FL	2.0	2.0	1156	$3,600	$3.11	24d	2	1.39mi
3392 NE Causeway Blvd #304 Jensen Beach, FL	2.0	2.0	1211	$4,000	$3.30	24d	1	1.40mi
3442 NE Causeway Blvd Jensen Beach, FL	2.0	2.0	1156	$3,650	$3.16	24d	3	1.42mi
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	24d	1	1.43mi
3432 NE Causeway Blvd #104 Jensen Beach, FL	2.0	2.0	1102	$2,500	$2.27	24d	1	1.45mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	24d	1	1.50mi

Listing history 20 events

1. 2026-06-18
   days on market $239,000 Active 19 DOM
2. 2026-06-17
   days on market $239,000 Active 18 DOM
3. 2026-06-16
   days on market $239,000 Active 17 DOM
4. 2026-06-15
   days on market $239,000 Active 16 DOM
5. 2026-06-14
   days on market $239,000 Active 14 DOM
6. 2026-06-13
   days on market $239,000 Active 13 DOM
7. 2026-06-10
   days on market $239,000 Active 11 DOM
8. 2026-06-09
   days on market $239,000 Active 10 DOM
9. 2026-06-08
   days on market $239,000 Active 9 DOM
10. 2026-06-07
    days on market $239,000 Active 8 DOM
11. 2026-06-03
    days on market $239,000 Active 4 DOM
12. 2026-06-02
    days on market $239,000 Active 3 DOM
13. 2026-06-01
    days on market $239,000 Active 2 DOM
14. 2026-05-31
    statusdays on marketlisting id $239,000 Active 1 DOM
15. 2026-05-15
    historical
16. 2026-05-07
    price $239,000
17. 2025-11-16
    historical
18. 2025-11-16
    listed $279,000 Active
19. 2025-05-24
    price $279,000
20. 2024-11-20
    listed $299,000 Active

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 19 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: $31,658
• − Mortgage interest: −$13,388
• − Property taxes: −$3,585
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,533
• − Management: −$2,533
• − Depreciation: −$6,953
• Taxable income: $1,472
• Est. tax owed @ 24.0%: −$353
• After-tax cash flow: $4,836/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This 2022-built manufactured home in Ocean Breeze Resort is in excellent condition with no visible repairs needed. It offers a great location with upscale amenities and a beachfront view.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value
• Both Painting exterior trim — Freshens up the home's appearance
• Both Upgrading outdoor lighting — Enhances safety and curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both Painting exterior trim — Freshens up the home's appearance ↑
• Both Upgrading outdoor lighting — Enhances safety and curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Ocean Breeze

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Ocean Breeze, FL
• County: Martin County · 165,223 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

-20.1% since first listed

7 events — show timeline

• 2026-05-30 Listed $239,000 Beaches MLS
• 2026-05-15 Listing Removed — Beaches MLS
• 2026-05-07 Price Changed $239,000 Beaches MLS
• 2025-11-16 Listing Removed — Beaches MLS
• 2025-11-16 Listed $279,000 Beaches MLS
• 2025-05-24 Price Changed $279,000 Beaches MLS
• 2024-11-20 Listed $299,000 Beaches MLS