950 S Kanner Hwy Unit C-10 · Stuart, FL 34994

$159,900

2 bd · 2.0 ba · 875 sqft · Condo public records · 141 Days on market

Built 1975 $183/sqft · 10% below area Est $177k · 10% under $463/mo HOA · 22% 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 +18.2/30.0
• ARV discount +11.9/15.0
• 1% rule +8.2/10.0
• DSCR +5.7/10.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Coastal Comfort meets downtown Stuart Convenience This charming updated 2-Bed/2-Bath condo offers space, style, and an unbeatable location. Each bedroom has its own full bath—perfect for guests or roommates. The brand new hurricane-impact windows, slider, and front door will provide peace of mind, along with the fully renovated kitchen. Walk to Publix, explore vibrant downtown Stuart, or take a quick drive to the beach—it's all right nearby! The seller has paid all assessment fees for the new roof in 2023.. Enjoy the community's 2 well-kept pools, 2 clubhouses, assigned parking, community offers two clubhouses with 2 pools and social rooms, a boat/canoe launch for weekend adventures, and one of the lowest HOA fees in town—and no 55+ restrictions! This is a great opportunity in a fantastic location schedule your showing today! No rentals for 2 years.

Key facts

• Boat canoe launch
• Assigned parking
• Community pools

Tags

• HURRICANE-IMPACT WINDOWS
• FULLY RENOVATED KITCHEN
• COMMUNITY POOLS
• BOAT CANOE LAUNCH
• ASSIGNED PARKING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $78 ($933/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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.
• Market conditions: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 41% of the median local income ($63k/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 $5k 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 141 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 6y ago; this cycle's ask has dropped $9k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $81k; list at $160k implies a 97% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 22% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 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 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
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 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: 1.32% ✓
• Cap rate: 7.38%
• Cash-on-cash: 3.87%
• DSCR: 1.17
• GRM: 6.3

CMA / ARV

• ARV (median comp): $177,153
• List price: $159,900
• Delta: -9.74%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.7%
• Equity multiple: 0.40×
• Total profit: $-26,814
• Equity at exit: $23,842

10-year hold

• IRR: -21.1%
• Equity multiple: 0.12×
• Total profit: $-39,542
• Equity at exit: $13,825

Cash invested: $44,772 (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 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 256
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,111 high
• Mortgage (P&I): −$839
• Tax from tax record: −$155 /mo · $1,866/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$463
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $78

Break-even live

Break-even rent $2,013

Max offer price $159,900

Occupancy floor 91%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
950 S Kanner Hwy Stuart, FL	2.0	2.0	1019	$1,888	$1.85	21d	3	0.08mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.0	850	$2,000	$2.35	14d	4	0.08mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.5	1062	$2,000	$1.88	23d	5	0.08mi
801 SE Central Ave Stuart, FL	3.0	1.0	899	$2,300	$2.56	14d	1	0.48mi
633 SW Cleveland Ave Stuart, FL	1.0	1.0	548	$2,100	$3.83	14d	1	0.50mi
1900 S Kanner Hwy Unit 2-203 Stuart, FL	2.0	2.0	1086	$1,800	$1.66	14d	1	0.53mi
524 SW St Lucie Cres Stuart, FL	1.0	1.0	610	$1,925	$3.16	14d	5	0.58mi
400 SE Central Pkwy Stuart, FL	1.0–2.0	1.0–2.0	918	$2,640	$2.87	14d	16	0.65mi
917 SE Nassau Ave Stuart, FL	2.0	1.0	832	$1,900	$2.28	21d	1	0.72mi
917 SE Nassau Ave Stuart, FL	2.0	1.0	832	$3,800	$4.57	23d	1	0.72mi
906 SE Tarpon Ave Unit B Stuart, FL	1.0	1.0	600	$1,350	$2.25	23d	1	0.74mi
41 SW Seminole St Stuart, FL	3.0	1.0–2.5	1353	$13,167	$9.73	23d	3	0.76mi
1950 SW Palm City Rd Unit 4-4205 Stuart, FL	2.0	2.0	938	$2,400	$2.56	14d	1	0.79mi
1950 SW Palm City Rd Stuart, FL	2.0	2.0	1031	$3,150	$3.05	23d	3	0.80mi
801 SE Central Pkwy #7 Stuart, FL	2.0	2.0	1046	$2,150	$2.06	14d	1	0.95mi
2600 S Kanner Hwy Stuart, FL	1.0–2.0	1.5–2.0	890	$1,950	$2.19	14d	3	1.08mi
494 SW 11th Ct Unit 494 Palm City, FL	1.0	1.0	576	$1,700	$2.95	23d	1	1.17mi
2104 SE Edler Dr Stuart, FL	1.0	1.0	726	$1,500	$2.07	23d	1	1.39mi
2118 SE Edler Dr Unit B Stuart, FL	2.0	2.0	876	$1,995	$2.28	23d	1	1.41mi
2124 SE Edler Dr Stuart, FL	2.0	2.0	876	$1,800	$2.05	23d	1	1.42mi
2819 SW Cornell Ave Palm City, FL	2.0	1.5	1060	$2,150	$2.03	21d	1	1.45mi

HOA detail condo

• Monthly dues: $463 · $5,556/yr
• Likely covers: poolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 45 events

1. 2026-06-18
   days on market $159,900 Active 141 DOM
2. 2026-06-17
   days on market $159,900 Active 140 DOM
3. 2026-06-16
   days on market $159,900 Active 139 DOM
4. 2026-06-15
   days on market $159,900 Active 138 DOM
5. 2026-06-14
   days on market $159,900 Active 136 DOM
6. 2026-06-13
   days on market $159,900 Active 135 DOM
7. 2026-06-10
   days on market $159,900 Active 133 DOM
8. 2026-06-09
   days on market $159,900 Active 132 DOM
9. 2026-06-08
   days on market $159,900 Active 131 DOM
10. 2026-06-07
    days on market $159,900 Active 130 DOM
11. 2026-06-03
    days on market $159,900 Active 126 DOM
12. 2026-06-02
    days on market $159,900 Active 125 DOM
13. 2026-06-01
    days on market $159,900 Active 124 DOM
14. 2026-05-31
    days on market $159,900 Active 123 DOM
15. 2026-05-31
    days on market $159,900 Active 122 DOM
16. 2026-05-08
    status Active 879-char remark

    Show marketing remark (879 chars)

    Coastal Comfort meets downtown Stuart Convenience This charming updated 2-Bed/2-Bath condo offers space, style, and an unbeatable location. Each bedroom has its own full bath—perfect for guests or roommates. The brand new hurricane-impact windows, slider, and front door will provide peace of mind, along with the fully renovated kitchen. Walk to Publix, explore vibrant downtown Stuart, or take a quick drive to the beach—it's all right nearby! The seller has paid all assessment fees for the new roof in 2023.. Enjoy the community's 2 well-kept pools, 2 clubhouses, assigned parking, community offers two clubhouses with 2 pools and social rooms, a boat/canoe launch for weekend adventures, and one of the lowest HOA fees in town—and no 55+ restrictions! This is a great opportunity in a fantastic location schedule your showing today! No rentals for 2 years.

17. 2026-05-06
    historical Active Under Contract 879-char remark

    Show marketing remark (879 chars)

    Coastal Comfort meets downtown Stuart Convenience This charming updated 2-Bed/2-Bath condo offers space, style, and an unbeatable location. Each bedroom has its own full bath—perfect for guests or roommates. The brand new hurricane-impact windows, slider, and front door will provide peace of mind, along with the fully renovated kitchen. Walk to Publix, explore vibrant downtown Stuart, or take a quick drive to the beach—it's all right nearby! The seller has paid all assessment fees for the new roof in 2023.. Enjoy the community's 2 well-kept pools, 2 clubhouses, assigned parking, community offers two clubhouses with 2 pools and social rooms, a boat/canoe launch for weekend adventures, and one of the lowest HOA fees in town—and no 55+ restrictions! This is a great opportunity in a fantastic location schedule your showing today! No rentals for 2 years.

18. 2026-04-30
    price $159,900 879-char remark

    Show marketing remark (879 chars)

    Coastal Comfort meets downtown Stuart Convenience This charming updated 2-Bed/2-Bath condo offers space, style, and an unbeatable location. Each bedroom has its own full bath—perfect for guests or roommates. The brand new hurricane-impact windows, slider, and front door will provide peace of mind, along with the fully renovated kitchen. Walk to Publix, explore vibrant downtown Stuart, or take a quick drive to the beach—it's all right nearby! The seller has paid all assessment fees for the new roof in 2023.. Enjoy the community's 2 well-kept pools, 2 clubhouses, assigned parking, community offers two clubhouses with 2 pools and social rooms, a boat/canoe launch for weekend adventures, and one of the lowest HOA fees in town—and no 55+ restrictions! This is a great opportunity in a fantastic location schedule your showing today! No rentals for 2 years.

19. 2026-02-28
    price $164,900 879-char remark

    Show marketing remark (879 chars)

    Coastal Comfort meets downtown Stuart Convenience This charming updated 2-Bed/2-Bath condo offers space, style, and an unbeatable location. Each bedroom has its own full bath—perfect for guests or roommates. The brand new hurricane-impact windows, slider, and front door will provide peace of mind, along with the fully renovated kitchen. Walk to Publix, explore vibrant downtown Stuart, or take a quick drive to the beach—it's all right nearby! The seller has paid all assessment fees for the new roof in 2023.. Enjoy the community's 2 well-kept pools, 2 clubhouses, assigned parking, community offers two clubhouses with 2 pools and social rooms, a boat/canoe launch for weekend adventures, and one of the lowest HOA fees in town—and no 55+ restrictions! This is a great opportunity in a fantastic location schedule your showing today! No rentals for 2 years.

20. 2026-01-28
    listed $169,000 Active 879-char remark

    Show marketing remark (879 chars)

    Coastal Comfort meets downtown Stuart Convenience This charming updated 2-Bed/2-Bath condo offers space, style, and an unbeatable location. Each bedroom has its own full bath—perfect for guests or roommates. The brand new hurricane-impact windows, slider, and front door will provide peace of mind, along with the fully renovated kitchen. Walk to Publix, explore vibrant downtown Stuart, or take a quick drive to the beach—it's all right nearby! The seller has paid all assessment fees for the new roof in 2023.. Enjoy the community's 2 well-kept pools, 2 clubhouses, assigned parking, community offers two clubhouses with 2 pools and social rooms, a boat/canoe launch for weekend adventures, and one of the lowest HOA fees in town—and no 55+ restrictions! This is a great opportunity in a fantastic location schedule your showing today! No rentals for 2 years.

21. 2026-01-18
    historical
22. 2025-10-03
    price $179,000
23. 2025-07-18
    listed $185,000 Active
24. 2021-02-19
    soldstatus $81,000
25. 2021-02-11
    soldstatus $81,000 Closed
26. 2021-02-11
    soldstatus $81,000 Closed
27. 2021-01-21
    status Pending
28. 2021-01-21
    status Pending
29. 2020-12-23
    price $88,988
30. 2020-12-22
    price $88,988
31. 2020-11-24
    listed $89,988 Active
32. 2020-11-24
    listed $89,988 Active
33. 2020-09-16
    historical
34. 2020-09-01
    status Active
35. 2020-09-01
    historical
36. 2020-08-24
    status Active
37. 2020-07-25
    historical Contingent
38. 2020-06-19
    price $87,000
39. 2020-04-28
    price $88,000
40. 2020-03-24
    listed $90,000 Active
41. 2020-02-24
    status Pending
42. 2020-02-09
    historical Active Under Contract
43. 2020-02-09
    historical
44. 2020-02-05
    listed $80,000 Active
45. 1997-12-01
    soldstatus $35,500

ⓘ 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: $1,866 · $155/mo
• Projected year-2 tax: $1,866 · $155/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 7/10 Severe FEMA zone X (shaded) · 91% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,335
• − Mortgage interest: −$8,957
• − Property taxes: −$1,866
• − Insurance: −$1,597
• − Repairs & maintenance: −$2,027
• − Management: −$2,027
• − HOA: −$5,556
• − Depreciation: −$4,652
• Taxable loss: −$1,346
• Est. tax savings @ 24.0%: +$323
• After-tax cash flow: $1,256/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): 18,737
• Household income: $62,533
• Rent vs Own: 42.1% rent · 57.9% own
• Severe rent burden: 1408.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 21% Two or more races 12% Black 11%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 16% Russian/Polish/Slavic 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: ▼ -130.08%
• Current HPI: 349.7061
• Rent YoY: ▼ -0.69%
• 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

+350.4% since first listed

30 events — show timeline

• 2026-05-08 Relisted — Beaches MLS
• 2026-05-06 Contingent — Beaches MLS
• 2026-04-30 Price Changed $159,900 Beaches MLS
• 2026-02-28 Price Changed $164,900 Beaches MLS
• 2026-01-28 Listed $169,000 Beaches MLS
• 2026-01-18 Listing Removed — Beaches MLS
• 2025-10-03 Price Changed $179,000 Beaches MLS
• 2025-07-18 Listed $185,000 Beaches MLS
• 2021-02-19 Sold (Public Records) $81,000 Public Records
• 2021-02-11 Sold (MLS) $81,000 MCRTC
• 2021-02-11 Sold (MLS) $81,000 Beaches MLS
• 2021-01-21 Pending — MCRTC
• 2021-01-21 Pending — Beaches MLS
• 2020-12-23 Price Changed $88,988 MCRTC
• 2020-12-22 Price Changed $88,988 Beaches MLS
• 2020-11-24 Listed $89,988 MCRTC
• 2020-11-24 Listed $89,988 Beaches MLS
• 2020-09-16 Listing Removed — Beaches MLS
• 2020-09-01 Relisted — Beaches MLS
• 2020-09-01 Listing Removed — Beaches MLS
• 2020-08-24 Relisted — Beaches MLS
• 2020-07-25 Contingent — Beaches MLS
• 2020-06-19 Price Changed $87,000 Beaches MLS
• 2020-04-28 Price Changed $88,000 Beaches MLS
• 2020-03-24 Listed $90,000 Beaches MLS
• 2020-02-24 Pending — Beaches MLS
• 2020-02-09 Contingent — Beaches MLS
• 2020-02-09 Listing Removed — Beaches MLS
• 2020-02-05 Listed $80,000 Beaches MLS
• 1997-12-01 Sold (Public Records) $35,500 Public Records

Property tax history

+19.0%/yr

Latest (2025): $1,866 · -20.5% YoY. Source: county tax records.