1671 SE 11th St #1671 · Stuart, FL 34996

$428,000

2 bd · 2.0 ba · 1,952 sqft · SingleFamily public records · 6 Days on market

Built 1973 9,956 sqft lot Est $550k · 22% under

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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 +16.9/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +5.3/10.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• 1% rule +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Discover this spacious CBS pool home positioned at the end of a quiet street in highly desirable City of Stuart. Combining location, privacy, quality construction & value this rare opportunity is becoming increasingly difficult to find. Built w/ superior concrete block & poured concrete construction plus a durable metal roof, this home offers peace of mind & timeless strength. The fully fenced backyard creates a private setting perfect for entertaining, pets or enjoying the Florida lifestyle around the sparkling pool w/ removable child safety fence. Inside you’ll love the nearly 2,000 sq. ft. under air 2 beautifully updated bathrooms & a one-of-a-kind handcrafted custom kitchen featuring rich wood cabinetry & stone countertops. This 3-bedroom, 2-bath home offers approximately 2,246 total sq. ft. per public records. Close to downtown Stuart, beaches, boating, dining, shopping & parks. Large CBS pool homes in the City of Stuart at this value are rare — early showings strongly encouraged.

Key facts

• 9,956 sq ft lot
• Garage
• Pool

Property features AI

Finance

• Financial info: Pets allowed with no restrictions

Exterior

• Parking: Attached garage with garage door opener; Driveway (1 covered space, 1 total garage space)
• Utilities: Public water; Public sewer; Electricity available (circuit breakers); Cable available
• Home design: Single-family home; One story; Faces south; Resale property
• Construction: Brick and stucco construction; Metal roof
• Exterior features: Fenced backyard; Shed/outbuilding for storage; Private in-ground pool (fenced)

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans; Wall/window units
• Interior features: French doors; Unfurnished
• Laundry & utility: Indoor laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $428k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $369k (13.9% below list).
• Recommended offer: $369k (13.9% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 4.1% in Stuart — 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 84/100 on livability (#39 in FL, #790 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, employment C-, amenities D.
• 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: 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 42% FRL track the district average.
• Market conditions: 251 active listings in the ZIP; 7 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).

Forward outlook

• In year one you build about $46k of equity ($3k loan paydown + $43k appreciation (10.0% local appreciation)).
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $120k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$74k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $88k; list at $428k implies a 389% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major 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 $368,705 (13.9% below list)

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 0.86% ✗
• Cap rate: 7.09%
• Cash-on-cash: 2.83%
• DSCR: 1.13
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $550,464
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1480 SE 13th St	0.20mi	3/2.0 (+1)	1,839 (-6%)	13mo	$524,900	$285	65
1309 SE 8th St	0.34mi	3/2.0 (+1)	1,780 (-9%)	0mo	$360,000	$202	64
605 SE Dolphin Dr	0.36mi	3/2.5 (+1)	2,091 (+7%)	6mo	$589,500	$282	59
1437 SE 13th St	0.20mi	3/2.0 (+1)	1,843 (-6%)	24mo	$525,000	$285	57
820 SE Stafford Dr	0.48mi	3/2.0 (+1)	1,811 (-7%)	5mo	$440,000	$243	56
524 SE Flamingo Ave	0.40mi	3/3.0 (+1)	1,904 (-2%)	15mo	$515,000	$270	56
800 SE Madison Ave	0.31mi	3/2.5 (+1)	1,760 (-10%)	12mo	$660,000	$375	52
920 SE Krueger Pkwy	0.35mi	3/3.0 (+1)	1,752 (-10%)	16mo	$750,000	$428	44
724 SE Michaels Ct	0.53mi	3/2.0 (+1)	1,678 (-14%)	4mo	$470,000	$280	44
700 SE Michaels Ct	0.60mi	3/2.5 (+1)	1,903 (-2%)	21mo	$620,000	$326	44
824 E Madison Ave	0.28mi	3/2.0 (+1)	1,698 (-13%)	22mo	$442,000	$260	42
715 SE Alamanda Way	0.59mi	3/2.0 (+1)	1,677 (-14%)	8mo	$449,000	$268	37

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.3%
• Equity multiple: 3.09×
• Total profit: $250,970
• Equity at exit: $385,576

10-year hold

• IRR: 23.1%
• Equity multiple: 7.05×
• Total profit: $724,608
• Equity at exit: $831,510

Cash invested: $119,840 (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 34996

• Home prices YoY: 2.1%
• Active inventory: 251
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $3,687 high
• Mortgage (P&I): −$2,244
• Tax from tax record: −$207 /mo · $2,485/yr
• Insurance: −$178
• HOA: −$0
• Vacancy / Maint / Mgmt: −$774
• Net cashflow: $283

Break-even live

Break-even rent $3,329

Max offer price $428,000

Occupancy floor 87%

Sensitivity live

Price	-10% $525	-5% $404	+0% $283	+5% $162	+10% $41
Rent	-10% $-8	-5% $137	+0% $283	+5% $429	+10% $574
Rate	-1.0pp $498	-0.5pp $392	base $283	+0.5pp $172	+1.0pp $59

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: $107,000
• Closing costs: $12,840
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
905 SE Flamingo Ave Stuart, FL	3.0	2.0	1520	$4,500	$2.96	24d	1	0.09mi
1866 SE Tarni Way Stuart, FL	3.0	2.5	1782	$2,800	$1.57	14d	1	0.71mi
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	14d	3	0.76mi
1196 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1309	$4,300	$3.28	24d	1	0.81mi
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$2,600	$2.00	24d	4	0.81mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	24d	1	1.01mi
1843 SE Granada Ln Stuart, FL	2.0	2.0	1606	$1,800	$1.12	14d	1	1.18mi

Listing history 4 events

1. 2026-05-18
   listed $428,000 Active
2. 2026-05-12
   listed $428,000 Active 1048-char remark

   Show marketing remark (1048 chars)

   Discover this spacious CBS pool home positioned at the end of a quiet street in highly desirable City of Stuart. Combining location, privacy, quality construction & value this rare opportunity is becoming increasingly difficult to find. Built w/ superior concrete block & poured concrete construction plus a durable metal roof, this home offers peace of mind & timeless strength. The fully fenced backyard creates a private setting perfect for entertaining, pets or enjoying the Florida lifestyle around the sparkling pool w/ removable child safety fence. Inside you’ll love the nearly 2,000 sq. ft. under air 2 beautifully updated bathrooms & a one-of-a-kind handcrafted custom kitchen featuring rich wood cabinetry & stone countertops. This 3-bedroom, 2-bath home offers approximately 2,246 total sq. ft. per public records. Close to downtown Stuart, beaches, boating, dining, shopping & parks. Large CBS pool homes in the City of Stuart at this value are rare — early showings strongly encouraged.

3. 1993-05-25
   soldstatus $87,500
4. 1981-03-01
   soldstatus $69,000

ⓘ 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: $2,485 · $207/mo
• Projected year-2 tax: $3,552 · $296/mo
• Expected delta: +$1,067/yr (+$89/mo · 42.9%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% 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: $44,245
• − Mortgage interest: −$23,975
• − Property taxes: −$2,485
• − Insurance: −$2,140
• − Repairs & maintenance: −$3,540
• − Management: −$3,540
• − Depreciation: −$12,451
• Taxable loss: −$3,885
• Est. tax savings @ 24.0%: +$932
• After-tax cash flow: $4,327/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 — Stuart

• Score: 84/100
• State rank: #39
• US rank: #790

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stuart, FL
• County: Martin County · 165,223 people
• City population: 65,812
• Metro: Port St. Lucie, FL
• Population (ZIP): 10,653
• Household income: $83,929
• Rent vs Own: 16.0% rent · 84.0% own
• Severe rent burden: 247.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Italian 3% Romanian 3% Slovak 3%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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: ▲ 13.71%
• Current HPI: 658.96
• Rent YoY: —
• 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

+520.3% since first listed

4 events — show timeline

• 2026-05-18 Listed $428,000 Beaches MLS
• 2026-05-12 Listed $428,000 MCRTC
• 1993-05-25 Sold (Public Records) $87,500 Public Records
• 1981-03-01 Sold (Public Records) $69,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $2,485 · -0.6% YoY. Source: county tax records.