2950 SE Ocean Blvd Unit 55-6 · Stuart, FL 34996

$135,000

2 bd · 2.0 ba · 1,134 sqft · Condo public records · 496 Days on market

Built 1976 Fair condition $119/sqft · 20% below area Est $169k · 20% under $656/mo HOA · 26% of rent

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Why this score? — see what drove the A- 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 +25.6/30.0
• ARV discount +15.0/15.0
• 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
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Very nice 2 Bedroom, 2 Bathroom, 2nd floor, CORNER, FURNISHED unit. Tile flooring throughout entire unit. Owner is in the process of retiling the floor in hallway and bags. They are also in the process of completing the shower area in the Master Bathroom. This unit is conveniently located across the street from one of the 2 Clubhouses/Pools that Kingswood Phase 2 has. Come "Live the Dream" in this Socially Active Community conveniently located about 2 miles from downtown Stuart, about 3 miles from Ocean Beaches and about 1 mile from the newly renovated Sailfish Sands Municipal Golf Course.

Key facts

• Furnished unit
• Tile flooring
• Corner unit

Tags

• TILE FLOORING
• CORNER UNIT
• FURNISHED UNIT
• REPAIRED GUEST BATHROOM
• ACROSS FROM CLUBHOUSE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $135k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $251 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (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; 24 comparable units currently listed for rent nearby; rentals lingering (median 62d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 $14k of equity ($933 loan paydown + $14k 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 $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 496 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 17y ago; this cycle's ask has dropped $24k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $44k; list at $135k implies a 207% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 26% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 496 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. 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: 1.84% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.09%
• DSCR: 1.45
• GRM: 4.5

CMA / ARV

• ARV (median comp): $168,715
• List price: $135,000
• Delta: -19.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2950 SE Ocean Blvd Unit 36-3	0.18mi	2/2.0	1,134 (0%)	1mo	$144,000	$127	91
2600 SE Ocean Blvd Unit M1	0.29mi	2/2.0	1,089 (-4%)	0mo	$146,000	$134	80
2600 SE Ocean Blvd Unit P2	0.29mi	2/2.0	1,089 (-4%)	1mo	$147,500	$135	79
2600 SE Ocean Blvd Unit DD-8	0.29mi	2/2.0	1,089 (-4%)	1mo	$125,000	$115	79
2929 Se Ocean Blvd SE Ocean Apt , 109 - 5	0.06mi	2/2.0	992 (-12%)	0mo	$135,000	$136	76
2600 SE Ocean Blvd Unit B7	0.29mi	2/2.0	894 (-21%)	0mo	$144,000	$161	61
1800 SE Saint Lucie Blvd Unit 6-203	0.99mi	2/2.0	1,044 (-8%)	1mo	$186,650	$179	51
162 SE Saint Lucie Blvd Unit B403	0.72mi	2/2.0	1,351 (+19%)	1mo	$265,000	$196	40
162 Saint Lucie Blvd #403	0.72mi	2/2.0	1,351 (+19%)	1mo	$265,000	$196	40
175 SE Saint Lucie Blvd Unit A90	0.83mi	2/2.0	1,300 (+15%)	0mo	$260,000	$200	40
175 SE Saint Lucie Blvd Unit C29	0.83mi	2/2.0	1,300 (+15%)	0mo	$290,000	$223	40
391 SE Edgewood Dr	0.78mi	2/2.0	1,350 (+19%)	1mo	$391,200	$290	39

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: 30.2%
• Equity multiple: 3.38×
• Total profit: $90,055
• Equity at exit: $121,619

10-year hold

• IRR: 26.3%
• Equity multiple: 7.71×
• Total profit: $253,637
• Equity at exit: $262,275

Cash invested: $37,800 (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 →

Active competition Active MLS

• For sale now: 4 active · 5 under contract
• Median asking: $287,000 ($233/sqft)
• Median days on market: 115 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -36.3% 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: 4.5×

Monthly cashflow live

• Estimated rent: $2,490 high
• Mortgage (P&I): −$708
• Tax from tax record: −$229 /mo · $2,752/yr
• Insurance: −$56
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$656
• Vacancy / Maint / Mgmt: −$523
• Net cashflow: $251

Break-even live

Break-even rent $2,172

Max offer price $135,000

Occupancy floor 85%

Sensitivity live

Price	-10% $328	-5% $290	+0% $251	+5% $213	+10% $175
Rent	-10% $55	-5% $153	+0% $251	+5% $350	+10% $448
Rate	-1.0pp $319	-0.5pp $286	base $251	+0.5pp $216	+1.0pp $181

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: $33,750
• Closing costs: $4,050
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2950 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	1035	$2,000	$1.93	0d	5	0.07mi
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	109d	3	0.07mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	850	$2,500	$2.94	0d	9	0.22mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	850	$2,500	$2.94	4d	8	0.22mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	850	$2,400	$2.82	62d	6	0.22mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	119d	6	0.22mi
2600 SE Ocean Blvd Stuart, FL	2.0	2.0	1089	$1,725	$1.58	62d	2	0.27mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,900	$2.00	109d	3	0.27mi
2600 SE Ocean Blvd Unit N14 Stuart, FL	2.0	2.0	1089	$1,750	$1.61	6d	1	0.28mi
2929 SE Ocean Blvd Unit 130 Stuart, FL	2.0	2.0	1005	$1,800	$1.79	119d	1	0.39mi
1196 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1309	$4,300	$3.28	119d	1	0.39mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,290	$2.59	5d	13	0.59mi
262 SE Monterey Ave Stuart, FL	3.0	1.0	1001	$3,500	$3.50	119d	1	0.67mi
250 SE Four Winds Dr #105 Stuart, FL	2.0	2.0	1310	$2,500	$1.91	6d	1	0.72mi
1651 SE 8th St Stuart, FL	3.0	2.0	1256	$2,500	$1.99	0d	1	0.76mi
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$3,300	$2.54	6d	4	0.78mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	119d	1	0.84mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL	2.0	2.0	1044	$1,900	$1.82	62d	1	0.85mi
333 SE Martin Ave Stuart, FL	2.0	1.0	778	$1,625	$2.09	62d	2	0.88mi
333 SE Martin Ave Unit 1F Stuart, FL	2.0	1.0	778	$1,800	$2.31	119d	1	0.88mi
1800 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1044	$2,600	$2.49	119d	3	0.88mi
1800 SE Saint Lucie Blvd Unit 9-204 Stuart, FL	2.0	2.0	1044	$2,000	$1.92	6d	1	0.98mi
1301 SE Sandpiper Ln Stuart, FL	3.0	2.0	1300	$2,900	$2.23	6d	1	1.14mi
217 SE Coconut Ave Stuart, FL	2.0	1.0	1197	$4,750	$3.97	62d	1	1.41mi

HOA detail $656/mo · $7,872/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 $135,000 Active 496 DOM
2. 2026-09-23
   days on market $135,000 Active 495 DOM
3. 2026-09-22
   days on market $135,000 Active 494 DOM
4. 2026-09-21
   days on market $135,000 Active 493 DOM
5. 2026-09-20
   days on market $135,000 Active 492 DOM
6. 2026-09-19
   days on market $135,000 Active 491 DOM
7. 2026-09-18
   days on market $135,000 Active 490 DOM
8. 2026-09-17
   days on market $135,000 Active 489 DOM
9. 2026-09-16
   days on market $135,000 Active 488 DOM
10. 2026-09-15
    days on market $135,000 Active 487 DOM
11. 2026-09-14
    days on market $135,000 Active 486 DOM
12. 2026-09-13
    days on market $135,000 Active 485 DOM
13. 2026-09-12
    days on market $135,000 Active 484 DOM
14. 2026-09-11
    days on market $135,000 Active 483 DOM
15. 2026-09-05
    days on market $135,000 Active 477 DOM
16. 2026-09-04
    days on market $135,000 Active 476 DOM
17. 2026-09-03
    days on market $135,000 Active 475 DOM
18. 2026-08-31
    days on market $135,000 Active 472 DOM
19. 2026-08-30
    days on market $135,000 Active 471 DOM
20. 2026-08-29
    days on market $135,000 Active 470 DOM
21. 2026-08-28
    days on market $135,000 Active 469 DOM
22. 2026-08-27
    days on market $135,000 Active 468 DOM
23. 2026-08-25
    days on market $135,000 Active 466 DOM
24. 2026-08-24
    days on market $135,000 Active 465 DOM
25. 2026-08-23
    days on market $135,000 Active 464 DOM
26. 2026-08-22
    days on market $135,000 Active 463 DOM
27. 2026-08-21
    days on market $135,000 Active 462 DOM
28. 2026-08-20
    days on market $135,000 Active 461 DOM
29. 2026-08-19
    days on market $135,000 Active 460 DOM
30. 2026-08-18
    days on market $135,000 Active 459 DOM
31. 2026-08-17
    days on market $135,000 Active 458 DOM
32. 2026-08-16
    days on market $135,000 Active 457 DOM
33. 2026-08-15
    days on market $135,000 Active 456 DOM
34. 2026-08-15
    days on market $135,000 Active 455 DOM
35. 2026-08-13
    days on market $135,000 Active 454 DOM
36. 2026-08-12
    days on market $135,000 Active 453 DOM
37. 2026-08-11
    days on market $135,000 Active 452 DOM
38. 2026-08-10
    days on market $135,000 Active 451 DOM
39. 2026-08-09
    days on market $135,000 Active 450 DOM
40. 2026-08-08
    days on market $135,000 Active 449 DOM
41. 2026-08-07
    days on market $135,000 Active 448 DOM
42. 2026-08-06
    days on market $135,000 Active 447 DOM
43. 2026-08-05
    days on market $135,000 Active 446 DOM
44. 2026-08-04
    days on market $135,000 Active 445 DOM
45. 2026-08-03
    days on market $135,000 Active 444 DOM
46. 2026-07-31
    days on market $135,000 Active 441 DOM
47. 2026-07-29
    days on market $135,000 Active 439 DOM
48. 2026-07-27
    days on market $135,000 Active 437 DOM
49. 2026-07-25
    days on market $135,000 Active 435 DOM
50. 2026-07-23
    days on market $135,000 Active 433 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: $2,752 · $229/mo
• Projected year-2 tax: $2,752 · $229/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 (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 25 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: $29,884
• − Mortgage interest: −$7,562
• − Property taxes: −$2,752
• − Insurance: −$1,472
• − Repairs & maintenance: −$2,391
• − Management: −$2,391
• − HOA: −$7,872
• − Depreciation: −$3,927
• Taxable income: $1,517
• Est. tax owed @ 24.0%: −$364
• After-tax cash flow: $2,653/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

Fair 45/100 Cosmetic rehab Est. rehab $5,670–$17,010 screening

This 2-bedroom, 2-bathroom townhouse is in fair condition with cosmetic updates needed. It's located in a desirable community with access to amenities and scenic views.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom cabinets — slight wear
• Minor roof — visible wear

Value-add opportunities

• Resale update kitchen cabinets — modernizing kitchen ↑
• Resale update bathrooms — modernizing bathrooms ↑
• Both paint exterior — enhances curb appeal ↑
• Both replace ceiling fans — modernizes and improves air circulation ↑

ⓘ 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

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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%

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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%

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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

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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

+206.8% since first listed

8 events — show timeline

• 2026-05-11 Price Changed $135,000 MCRTC
• 2026-02-14 Price Changed $129,000 MCRTC
• 2025-11-14 Price Changed $140,000 MCRTC
• 2025-07-28 Price Changed $150,000 MCRTC
• 2025-05-14 Listed $159,000 MCRTC
• 2010-04-27 Listing Removed — MCRTC
• 2009-08-26 Listed $79,900 MCRTC
• 1986-11-01 Sold (Public Records) $44,000 Public Records

Property tax history

+12.2%/yr

Latest (2025): $2,752 · +33.6% YoY. Source: county tax records.