2929 SE Ocean Blvd Unit 143-10 · Stuart, FL 34996

$199,800

2 bd · 2.0 ba · 992 sqft · Condo · 319 Days on market

Built 1972 Good condition $201/sqft · 49% above area Est $134k · 49% over $562/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 +16.5/30.0
• Appreciation +10.0/10.0
• 1% rule +8.1/10.0
• DSCR +5.1/10.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

DRASTICALLY REDUCED FOR A QUICK SALE! NO OTHER CONDO IN CEDAR POINT LIKE THIS ONE FROM INTERIOR DESIGNS TO FURNISHINGS. Stunning 2nd-Floor Corner Unit in the Heart of Stuart, Florida (55+ Community) Welcome to your perfect furnished coastal retreat! This beautifully updated 2nd-floor END UNIT offers modern comfort, stylish design, and unbeatable convenience—all within one of Stuart’s most desirable 55+ communities. PROPERTY HIGHLIGHTS include: Prime corner-unit layout with an open, bright, and breezy feel, New kitchen with modern finishes—perfect for cooking and entertaining, Freshly painted interior with recessed lighting & dimmers, New water heater, plantation shutters, and new sliding-door screens, 6 new ceiling fans for comfort and efficiency, 4 mounted flat-screen TVs included, Newly installed ceiling insulation for improved energy efficiency, Shared 2nd-floor laundry room & separate private storage locker, Beautifully furnished—no other end unit in Cedar Point compares! LOCATION, Just 5 minutes to Stuart Beach, Elliott Museum, and Publix, 1 mile to the brand-new Sailfish Sands Municipal Golf Course, 2 miles to vibrant Downtown Stuart, Ample guest parking for visitors This exceptional, move-in-ready unit is priced to sell quickly—don’t miss your chance! Contact today to schedule your private showing.

Key facts

• New kitchen
• Plantation shutters
• New water heater

Tags

• 2ND FLOOR CORNER UNIT
• THOUGHTFULLY DESIGNED KITCHEN
• NEW KITCHEN
• NEW WATER HEATER
• PLANTATION SHUTTERS
• NEW SLIDING DOOR SCREENS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $52 ($620/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% 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: 251 active listings in the ZIP; 9 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).
• This rent runs 37% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k 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 $56k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 319 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $27k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 22% of rent.
• Climate carrying-cost: severe 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 $175,824 (12.0% below list)

Questions for the listing agent

1. It's been on market 319 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 1972 — 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: 1.31% ✓
• Cap rate: 7.00%
• Cash-on-cash: 2.53%
• DSCR: 1.11
• GRM: 6.4

CMA / ARV

• ARV (median comp): $134,271
• List price: $199,800
• Delta: 48.80%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 25.2%
• Equity multiple: 3.01×
• Total profit: $112,532
• Equity at exit: $179,996

10-year hold

• IRR: 22.2%
• Equity multiple: 6.89×
• Total profit: $329,646
• Equity at exit: $388,167

Cash invested: $55,944 (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: 6.4×

Monthly cashflow live

• Estimated rent: $2,609 high
• Mortgage (P&I): −$1,048
• Tax est. 1.5%: −$250 /mo · $2,997/yr
• Insurance: −$83
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$562
• Vacancy / Maint / Mgmt: −$548
• Net cashflow: $52

Break-even live

Break-even rent $2,543

Max offer price $199,800

Occupancy floor 93%

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: $49,950
• Closing costs: $5,994
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	23d	6	0.03mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	14d	8	0.03mi
2929 SE Ocean Blvd Unit 130 Stuart, FL	2.0	2.0	1005	$1,800	$1.79	23d	1	0.20mi
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	14d	3	0.22mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,900	$2.00	14d	3	0.28mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,258	$2.55	14d	12	0.42mi
262 SE Monterey Ave Stuart, FL	3.0	1.0	1001	$3,500	$3.50	23d	1	0.49mi
333 SE Martin Ave Unit 1F Stuart, FL	2.0	1.0	778	$1,800	$2.31	23d	1	0.73mi
1800 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1044	$2,600	$2.49	23d	3	1.05mi

HOA detail condo

• Monthly dues: $562 · $6,744/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-18
   days on market $199,800 Active 319 DOM
2. 2026-06-17
   days on market $199,800 Active 318 DOM
3. 2026-06-16
   days on market $199,800 Active 317 DOM
4. 2026-06-15
   days on market $199,800 Active 316 DOM
5. 2026-06-14
   days on market $199,800 Active 314 DOM
6. 2026-06-13
   days on market $199,800 Active 313 DOM
7. 2026-06-10
   days on market $199,800 Active 311 DOM
8. 2026-06-09
   days on market $199,800 Active 310 DOM
9. 2026-06-08
   days on market $199,800 Active 309 DOM
10. 2026-06-07
    days on market $199,800 Active 308 DOM
11. 2026-06-03
    days on market $199,800 Active 304 DOM
12. 2026-06-02
    days on market $199,800 Active 303 DOM
13. 2026-06-01
    days on market $199,800 Active 302 DOM
14. 2026-05-31
    days on market $199,800 Active 301 DOM
15. 2026-05-31
    days on market $199,800 Active 300 DOM
16. 2025-12-01
    price $199,800 1378-char remark

    Show marketing remark (1378 chars)

    DRASTICALLY REDUCED FOR A QUICK SALE! NO OTHER CONDO IN CEDAR POINT LIKE THIS ONE FROM INTERIOR DESIGNS TO FURNISHINGS. Stunning 2nd-Floor Corner Unit in the Heart of Stuart, Florida (55+ Community) Welcome to your perfect furnished coastal retreat! This beautifully updated 2nd-floor END UNIT offers modern comfort, stylish design, and unbeatable convenience—all within one of Stuart’s most desirable 55+ communities. PROPERTY HIGHLIGHTS include: Prime corner-unit layout with an open, bright, and breezy feel, New kitchen with modern finishes—perfect for cooking and entertaining, Freshly painted interior with recessed lighting & dimmers, New water heater, plantation shutters, and new sliding-door screens, 6 new ceiling fans for comfort and efficiency, 4 mounted flat-screen TVs included, Newly installed ceiling insulation for improved energy efficiency, Shared 2nd-floor laundry room & separate private storage locker, Beautifully furnished—no other end unit in Cedar Point compares! LOCATION, Just 5 minutes to Stuart Beach, Elliott Museum, and Publix, 1 mile to the brand-new Sailfish Sands Municipal Golf Course, 2 miles to vibrant Downtown Stuart, Ample guest parking for visitors This exceptional, move-in-ready unit is priced to sell quickly—don’t miss your chance! Contact today to schedule your private showing.

17. 2025-11-20
    price $199,900 1378-char remark

    Show marketing remark (1378 chars)

    DRASTICALLY REDUCED FOR A QUICK SALE! NO OTHER CONDO IN CEDAR POINT LIKE THIS ONE FROM INTERIOR DESIGNS TO FURNISHINGS. Stunning 2nd-Floor Corner Unit in the Heart of Stuart, Florida (55+ Community) Welcome to your perfect furnished coastal retreat! This beautifully updated 2nd-floor END UNIT offers modern comfort, stylish design, and unbeatable convenience—all within one of Stuart’s most desirable 55+ communities. PROPERTY HIGHLIGHTS include: Prime corner-unit layout with an open, bright, and breezy feel, New kitchen with modern finishes—perfect for cooking and entertaining, Freshly painted interior with recessed lighting & dimmers, New water heater, plantation shutters, and new sliding-door screens, 6 new ceiling fans for comfort and efficiency, 4 mounted flat-screen TVs included, Newly installed ceiling insulation for improved energy efficiency, Shared 2nd-floor laundry room & separate private storage locker, Beautifully furnished—no other end unit in Cedar Point compares! LOCATION, Just 5 minutes to Stuart Beach, Elliott Museum, and Publix, 1 mile to the brand-new Sailfish Sands Municipal Golf Course, 2 miles to vibrant Downtown Stuart, Ample guest parking for visitors This exceptional, move-in-ready unit is priced to sell quickly—don’t miss your chance! Contact today to schedule your private showing.

18. 2025-08-02
    listed $227,000 Active 1378-char remark

    Show marketing remark (1378 chars)

    DRASTICALLY REDUCED FOR A QUICK SALE! NO OTHER CONDO IN CEDAR POINT LIKE THIS ONE FROM INTERIOR DESIGNS TO FURNISHINGS. Stunning 2nd-Floor Corner Unit in the Heart of Stuart, Florida (55+ Community) Welcome to your perfect furnished coastal retreat! This beautifully updated 2nd-floor END UNIT offers modern comfort, stylish design, and unbeatable convenience—all within one of Stuart’s most desirable 55+ communities. PROPERTY HIGHLIGHTS include: Prime corner-unit layout with an open, bright, and breezy feel, New kitchen with modern finishes—perfect for cooking and entertaining, Freshly painted interior with recessed lighting & dimmers, New water heater, plantation shutters, and new sliding-door screens, 6 new ceiling fans for comfort and efficiency, 4 mounted flat-screen TVs included, Newly installed ceiling insulation for improved energy efficiency, Shared 2nd-floor laundry room & separate private storage locker, Beautifully furnished—no other end unit in Cedar Point compares! LOCATION, Just 5 minutes to Stuart Beach, Elliott Museum, and Publix, 1 mile to the brand-new Sailfish Sands Municipal Golf Course, 2 miles to vibrant Downtown Stuart, Ample guest parking for visitors This exceptional, move-in-ready unit is priced to sell quickly—don’t miss your chance! Contact today to schedule your private showing.

19. 2024-06-28
    soldstatus $217,450 Closed 707-char remark

    Show marketing remark (707 chars)

    Fully renovated condo, 2 bedroom, 2 baths, new wood cabinets in kitchen with a window, corian counters and all new stainless steel appliances, new sink and hardware, new stove with air fryer. Both baths have been completely remodeled with new plumbing, toilets, sinks, tubs, shower, medicine chest, new 18'' x 18'' tile laid diagonal is 1 month old, expanded coset space with new California custom built-ins in both bedrooms and hallway. All new interior doors are solid wood paneled, *NEW IMPACT FRONT ENTRY DOOR*, new windows, all blinds are new and patio blinds are accordion pleated. AC is 7 years old. *This is a must see condo, very pristine, bright, light corner condo.* Across street from pool.

20. 2024-06-04
    historical Active Under Contract 707-char remark

    Show marketing remark (707 chars)

    Fully renovated condo, 2 bedroom, 2 baths, new wood cabinets in kitchen with a window, corian counters and all new stainless steel appliances, new sink and hardware, new stove with air fryer. Both baths have been completely remodeled with new plumbing, toilets, sinks, tubs, shower, medicine chest, new 18'' x 18'' tile laid diagonal is 1 month old, expanded coset space with new California custom built-ins in both bedrooms and hallway. All new interior doors are solid wood paneled, *NEW IMPACT FRONT ENTRY DOOR*, new windows, all blinds are new and patio blinds are accordion pleated. AC is 7 years old. *This is a must see condo, very pristine, bright, light corner condo.* Across street from pool.

21. 2024-04-21
    listed $219,900 Active 707-char remark

    Show marketing remark (707 chars)

    Fully renovated condo, 2 bedroom, 2 baths, new wood cabinets in kitchen with a window, corian counters and all new stainless steel appliances, new sink and hardware, new stove with air fryer. Both baths have been completely remodeled with new plumbing, toilets, sinks, tubs, shower, medicine chest, new 18'' x 18'' tile laid diagonal is 1 month old, expanded coset space with new California custom built-ins in both bedrooms and hallway. All new interior doors are solid wood paneled, *NEW IMPACT FRONT ENTRY DOOR*, new windows, all blinds are new and patio blinds are accordion pleated. AC is 7 years old. *This is a must see condo, very pristine, bright, light corner condo.* Across street from pool.

22. 2023-09-29
    soldstatus $205,000 Closed
23. 2023-09-29
    soldstatus $205,000 Closed
24. 2023-09-24
    status Pending
25. 2023-09-05
    status Pending
26. 2023-08-29
    historical Active Under Contract
27. 2023-08-05
    price $214,900
28. 2023-08-05
    listed $2,149,000 Active
29. 2023-08-04
    historical $2,149,000
30. 2023-08-02
    listed $214,900 Active
31. 2023-07-30
    historical $214,900
32. 2016-06-26
    historical
33. 2007-12-09
    listed $108,900

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 78% 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

Taxation est. · year 1

• Rental income: $31,305
• − Mortgage interest: −$11,192
• − Property taxes: −$2,997
• − Insurance: −$1,796
• − Repairs & maintenance: −$2,504
• − Management: −$2,504
• − HOA: −$6,744
• − Depreciation: −$5,812
• Taxable loss: −$2,246
• Est. tax savings @ 24.0%: +$539
• After-tax cash flow: $1,159/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 · 13 photos

Good 75/100 Cosmetic rehab

This well-maintained 2nd-floor corner unit in a desirable 55+ community offers modern comfort and style, with fresh updates and a prime location.

Value-add opportunities

• Both New flooring in high-traffic areas — Enhances appearance and durability
• Both Painting exterior walls — Improves curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value

Renovation cost estimate screening

Value-add ROI direction

• Both New flooring in high-traffic areas — Enhances appearance and durability ↑
• Both Painting exterior walls — Improves curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑

ⓘ 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 — 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

• 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

+83.5% since first listed

18 events — show timeline

• 2025-12-01 Price Changed $199,800 MARMLS
• 2025-11-20 Price Changed $199,900 MARMLS
• 2025-08-02 Listed $227,000 MARMLS
• 2024-06-28 Sold (MLS) $217,450 Beaches MLS
• 2024-06-04 Contingent — Beaches MLS
• 2024-04-21 Listed $219,900 Beaches MLS
• 2023-09-29 Sold (MLS) $205,000 Beaches MLS
• 2023-09-29 Sold (MLS) $205,000 MCRTC
• 2023-09-24 Pending — Beaches MLS
• 2023-09-05 Pending — MCRTC
• 2023-08-29 Contingent — Beaches MLS
• 2023-08-05 Price Changed $214,900 MCRTC
• 2023-08-05 Listed $2,149,000 MCRTC
• 2023-08-04 Coming Soon $2,149,000 MCRTC
• 2023-08-02 Listed $214,900 Beaches MLS
• 2023-07-30 Coming Soon $214,900 Beaches MLS
• 2016-06-26 Listing Removed — MCRTC
• 2007-12-09 Listed $108,900 MCRTC