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2929 SE Ocean Blvd Unit 106-10
B+ Composite 80.0
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 +25.5/30.0
  • ARV discount +10.1/15.0
  • 1% rule +10.0/10.0
  • Appreciation +10.0/10.0
  • DSCR +8.5/10.0
  • Schools +5.2/10.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Rent growth +2.5/5.0

$146,000

2929 SE Ocean Blvd Unit 106-10 · Stuart, FL 34996
2 bd · 2.0 ba · 992 sqft · Condo public records · 134 Days on market
Built 1970 Good condition $147/sqft · 6% below area Est $155k · 6% under $627/mo HOA · 27% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Chic and bright 2 bedroom corner unit in sought after Cedar Pointe. Prime location within steps to the clubhouse and community pool, plus a view of a serene and private wooded area from your balcony. Cedar Pointe boasts an amazing location, within minutes to the beach and plenty of dining, shopping and recreation. The corner unit features extra windows and 2 separate entrances and comes with a storage unit as well. This move in ready unit offers a newer a/c, tile throughout and is clean and move in ready.

Key facts

  • Community pool
  • Corner unit
  • View of wooded area

Tags

CORNER UNITCOMMUNITY POOLVIEW OF WOODED AREAEXTRA WINDOWSSTORAGE UNITMOVE IN READY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $146k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $276 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $146k).
  • Recommended offer: $128k (12.0% below list) — sets the bar for market timing.

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: J. D. Parker School of Technology (math 39% / reading 40%, grade F, #1,513 of 2,144 statewide, top 73%, 519 students, 72% 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).
  • Market conditions: 318 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 62d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

  • In year one you build about $16k of equity ($1k loan paydown + $15k 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 $41k cash investment doubles in ~3 years — after that, you're playing with house money.
  • By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 134 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 21y 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 $79k; list at $146k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; HOA is 27% of rent.
  • Climate carrying-cost: major flood risk; 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 $128,480 (12.0% below list)

Questions for the listing agent

  1. It's been on market 134 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 1970 — 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
1.61%
Cap rate
9.11%
Cash-on-cash
10.05%
DSCR
1.45
GRM
5.2

CMA / ARV

ARV (median comp)
$154,852
List price
$146,000
Delta
-5.72%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2929 Se Ocean Blvd SE Ocean Apt , 109 - 5 0.00mi 2/2.0 992 (0%) 0mo $135,000 $136 100
2929 SE Ocean Blvd Unit 103-9 0.00mi 2/2.0 1,005 (+1%) 2mo $125,000 $124 96
2929 SE Ocean Blvd Unit 134-3 0.00mi 2/2.0 1,005 (+1%) 2mo $111,500 $111 96
2600 SE Ocean Blvd Unit M1 0.24mi 2/2.0 1,089 (+10%) 0mo $146,000 $134 72
2600 SE Ocean Blvd Unit B7 0.24mi 2/2.0 894 (-10%) 0mo $144,000 $161 72
2600 SE Ocean Blvd Unit P2 0.24mi 2/2.0 1,089 (+10%) 1mo $147,500 $135 72
2600 SE Ocean Blvd Unit DD-8 0.24mi 2/2.0 1,089 (+10%) 1mo $125,000 $115 72
2600 SE Ocean Blvd Unit Bb2 0.24mi 2/2.0 1,089 (+10%) 2mo $152,000 $140 71
2950 SE Ocean Blvd Unit 36-3 0.16mi 2/2.0 1,134 (+14%) 1mo $144,000 $127 68
2929 SE Ocean Blvd Unit E4 0.10mi 2/1.5 837 (-16%) 0mo $210,000 $251 68
2600 SE Ocean Blvd Unit W5 0.24mi 1/1.5 (-1) 814 (-18%) 1mo $102,000 $125 56
1800 SE Saint Lucie Blvd Unit 6-203 1.02mi 2/2.0 1,044 (+5%) 1mo $186,650 $179 56

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
30.3%
Equity multiple
3.38×
Total profit
$97,469
Equity at exit
$131,528
10-year hold
IRR
26.3%
Equity multiple
7.70×
Total profit
$273,987
Equity at exit
$283,646

Cash invested: $40,880 (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.

Active competition Active MLS

For sale now
2 active · 5 under contract
Median asking
$207,000 ($199/sqft)
Median days on market
276 d
This list price
50% of active listings are priced below it
ARV vs active asking
-21.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34996

Home prices YoY
2.1%
Active inventory
318
Price-to-rent
5.2×

Monthly cashflow live

Estimated rent
$2,351 high interval (Pro) →
Mortgage (P&I)
$766
Tax from tax record
$62 /mo · $739/yr
Insurance
$61
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$627
Vacancy / Maint / Mgmt
$494
Net cashflow
$276

Break-even live

Break-even rent $2,002
Max offer price $146,000
Occupancy floor 83%

Sensitivity live

Price -10% $358 -5% $317 +0% $276 +5% $234 +10% $193
Rent -10% $90 -5% $183 +0% $276 +5% $369 +10% $462
Rate -1.0pp $349 -0.5pp $313 base $276 +0.5pp $238 +1.0pp $199

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
$36,500
Closing costs
$4,380
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 18 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2950 SE Ocean Blvd Stuart, FL 2.0 2.0 1157 $1,800 $1.56 109d 3 0.07mi
2950 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 1035 $2,000 $1.93 0d 5 0.07mi
2929 SE Ocean Blvd Unit B-2 Stuart, FL 1.0 1.0 619 $1,450 $2.34 62d 1 0.18mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 850 $2,400 $2.82 62d 6 0.18mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.0–2.0 812 $2,400 $2.96 119d 6 0.18mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 850 $2,500 $2.94 4d 8 0.18mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 850 $2,500 $2.94 0d 9 0.18mi
2600 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 951 $1,900 $2.00 109d 3 0.22mi
2600 SE Ocean Blvd Stuart, FL 2.0 2.0 1089 $1,725 $1.58 62d 2 0.22mi
2600 SE Ocean Blvd Unit N14 Stuart, FL 2.0 2.0 1089 $1,750 $1.61 6d 1 0.22mi
2929 SE Ocean Blvd Unit 130 Stuart, FL 2.0 2.0 1005 $1,800 $1.79 119d 1 0.34mi
300 SE Saint Lucie Blvd Stuart, FL 1.0–3.0 1.0–2.0 884 $2,290 $2.59 5d 13 0.54mi
262 SE Monterey Ave Stuart, FL 3.0 1.0 1001 $3,500 $3.50 119d 1 0.63mi
333 SE Martin Ave Stuart, FL 2.0 1.0 778 $1,625 $2.09 62d 2 0.82mi
333 SE Martin Ave Unit 1F Stuart, FL 2.0 1.0 778 $1,800 $2.31 119d 1 0.82mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL 2.0 2.0 1044 $1,900 $1.82 62d 1 0.86mi
1800 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1044 $2,600 $2.49 119d 3 0.90mi
1800 SE Saint Lucie Blvd Unit 9-204 Stuart, FL 2.0 2.0 1044 $2,000 $1.92 6d 1 0.99mi

Property features AI

Finance

Other
Senior communityNo pets allowed
HOA & community
Part of Cedar Pointe Village 6HOA dues $627 monthlyHOA covers cable TV, internet, insurance, grounds and structure maintenance, sewer, trash, water, reserve funds, roof repairs, and maintenance

Exterior

Parking
1 assigned parking space
Security
Smoke detectors
Utilities
Public waterPublic sewerCable availableElectricity connectedWater connectedSewer connected
Home design
CondominiumSingle-level unitFaces southResale property
Construction
Concrete block with stucco constructionTar and gravel roof2 total stories (building)
Exterior features
Not waterfrontCommunity poolShuffleboard courtCommunity roomAssigned parking

Interior

Kitchen
Includes dishwasher, electric range, microwave, refrigerator
Bedrooms
2 bedrooms on main level
Flooring
Ceramic tile
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral air and ceiling fans
Interior features
Dishwasher, Electric range, Microwave, RefrigeratorFurnished negotiableBlindsCommon area laundry
Laundry & utility
Laundry located in common area

HOA detail $627/mo · $7,524/yr condo

Likely covers
pool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-24
    days on market $146,000 Active 134 DOM
  2. 2026-09-23
    days on market $146,000 Active 133 DOM
  3. 2026-09-22
    days on market $146,000 Active 132 DOM
  4. 2026-09-21
    days on market $146,000 Active 131 DOM
  5. 2026-09-20
    days on market $146,000 Active 130 DOM
  6. 2026-09-19
    days on market $146,000 Active 129 DOM
  7. 2026-09-18
    days on market $146,000 Active 128 DOM
  8. 2026-09-17
    days on market $146,000 Active 127 DOM
  9. 2026-09-16
    days on market $146,000 Active 126 DOM
  10. 2026-09-15
    days on market $146,000 Active 125 DOM
  11. 2026-09-14
    days on market $146,000 Active 124 DOM
  12. 2026-09-13
    days on market $146,000 Active 123 DOM
  13. 2026-09-12
    days on market $146,000 Active 122 DOM
  14. 2026-09-11
    days on market $146,000 Active 121 DOM
  15. 2026-09-05
    days on market $146,000 Active 115 DOM
  16. 2026-09-04
    days on market $146,000 Active 114 DOM
  17. 2026-09-03
    days on market $146,000 Active 113 DOM
  18. 2026-08-31
    days on market $146,000 Active 110 DOM
  19. 2026-08-30
    days on market $146,000 Active 109 DOM
  20. 2026-08-29
    days on market $146,000 Active 108 DOM
  21. 2026-08-28
    days on market $146,000 Active 107 DOM
  22. 2026-08-27
    days on market $146,000 Active 106 DOM
  23. 2026-08-25
    days on market $146,000 Active 104 DOM
  24. 2026-08-24
    days on market $146,000 Active 103 DOM
  25. 2026-08-23
    days on market $146,000 Active 102 DOM
  26. 2026-08-22
    days on market $146,000 Active 101 DOM
  27. 2026-08-21
    days on market $146,000 Active 100 DOM
  28. 2026-08-20
    days on market $146,000 Active 99 DOM
  29. 2026-08-19
    days on market $146,000 Active 98 DOM
  30. 2026-08-18
    days on market $146,000 Active 97 DOM
  31. 2026-08-17
    days on market $146,000 Active 96 DOM
  32. 2026-08-16
    days on market $146,000 Active 95 DOM
  33. 2026-08-15
    days on market $146,000 Active 94 DOM
  34. 2026-08-15
    days on market $146,000 Active 93 DOM
  35. 2026-08-13
    days on market $146,000 Active 92 DOM
  36. 2026-08-12
    days on market $146,000 Active 91 DOM
  37. 2026-08-11
    days on market $146,000 Active 90 DOM
  38. 2026-08-10
    days on market $146,000 Active 89 DOM
  39. 2026-08-09
    days on market $146,000 Active 88 DOM
  40. 2026-08-08
    days on market $146,000 Active 87 DOM
  41. 2026-08-07
    days on market $146,000 Active 86 DOM
  42. 2026-08-06
    days on market $146,000 Active 85 DOM
  43. 2026-08-05
    days on market $146,000 Active 84 DOM
  44. 2026-08-04
    days on market $146,000 Active 83 DOM
  45. 2026-08-03
    days on market $146,000 Active 82 DOM
  46. 2026-07-31
    days on market $146,000 Active 79 DOM
  47. 2026-07-29
    days on market $146,000 Active 77 DOM
  48. 2026-07-27
    days on market $146,000 Active 75 DOM
  49. 2026-07-25
    days on market $146,000 Active 73 DOM
  50. 2026-07-23
    days on market $146,000 Active 71 DOM

ⓘ 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
$739 · $62/mo
Projected year-2 tax
$1,212 · $101/mo
Expected delta
+$473/yr (+$39/mo · 64.0%)

ⓘ 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 (unshaded) · 77% 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$28,213
− Mortgage interest
−$8,178
− Property taxes
−$739
− Insurance
−$1,528
− Repairs & maintenance
−$2,257
− Management
−$2,257
− HOA
−$7,524
− Depreciation
−$4,247
Taxable income
$1,483
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$356
After-tax cash flow
$2,954/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $4,960–$14,880 screening

This move-in ready corner unit in Cedar Pointe is in good condition with a good condition score of 80. It has a good roof, exterior, and interior, and is ready for a fresh coat of paint and some landscaping to enhance its curb appeal and value.

Components & finishes AI

Roof metal · good Flooring tile Appliances white HVAC central · new lt5

Value-add opportunities

  • Both paint exterior — enhances curb appeal and resale value
  • Both trim landscaping — improves curb appeal and rental appeal

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary J. D. Parker School Of Technology F FL #1,513/2,144 Nat'l #19,648/41,679 Middle Stuart Middle School B- FL #180/571 Nat'l #2,482/14,009 High Jensen Beach High School B- FL #98/667 Nat'l #3,220/17,239

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
A Composite livability gradescore 84/100

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 · 172,383 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
24% of renters

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

Price history

+224.4% since first listed
15 events — show timeline
  • 2026-05-13 Listed $146,000 Beaches MLS
  • 2016-06-26 Listing Removed MCRTC
  • 2015-05-27 Sold (Public Records) $79,000 Public Records
  • 2013-01-20 Listing Removed MCRTC
  • 2012-07-19 Listed $65,000 MCRTC
  • 2009-01-30 Listed $94,900 MCRTC
  • 2007-11-09 Sold (Public Records) $75,000 Public Records
  • 2005-04-20 Sold (Public Records) $130,000 Public Records
  • 2005-04-15 Sold (MLS) $130,000 Beaches MLS
  • 2005-03-09 Listing Removed Beaches MLS
  • 2005-03-08 Listed $130,000 Beaches MLS
  • 2005-01-26 Sold (Public Records) $130,000 Public Records
  • 2004-07-26 Sold (Public Records) $95,000 Public Records
  • 2002-04-25 Sold (Public Records) $45,000 Public Records
  • 1987-08-01 Sold (Public Records) $45,000 Public Records

Property tax history

+15.3%/yr

Latest (2025): $739 · -0.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…