5355 SE Miles Grant Rd #114 · Port Salerno, FL 34997

$149,900

1 bd · 1.5 ba · 903 sqft · Condo · 129 Days on market

Built 1974 Good condition $166/sqft · at area comps Est $146k · at est. $454/mo HOA · 25% of rent ↓ 3% since listing

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Why this score? — see what drove the D 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 +11.6/30.0
• 1% rule +7.2/10.0
• ARV discount +6.2/15.0
• Schools +4.5/10.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• DSCR +3.4/10.0
• Rent growth +3.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated Seller Bring all offers! Welcome to Miles Grant Country Club Experience the perfect blend of modern style and coastal comfort in this beautiful ground-floor condo. Miles Grant is an active and welcoming community located near the Intracoastal Waterway in Stuart. Residents enjoy a community pool and a mandatory social membership to Miles Grant Country Club, offering options and a wide range of amenities including Golf, Pickleball , Pool and more The private quarters are designed for ultimate relaxation and flexibility. The primary suite serves as a serene sanctuary with warm wood flooring and a private ensuite bathroom featuring updated finishes. Offering a private outdoor oasis to enjoy the Stuart breeze. Located within the prestigious Miles Grant community, this move-in-ready gem offers an unparalleled lifestyle just minutes from top-tier amenities and the Florida coast.

Key facts

• Move-in-ready gem
• Community pool
• Ground-floor condo

Tags

• GROUND-FLOOR CONDO
• COMMUNITY POOL
• PRIVATE ENSUITE BATHROOM
• EXPANSIVE SCREENED-IN PATIO
• PRIVATE OUTDOOR OASIS
• MOVE-IN-READY GEM

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-46 ($-548/yr) — negative.
• To cash-flow at today's rent, offer at most $143k (4.4% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.9% vs local median 3.2% in Port Salerno — 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 70/100 on livability (#440 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, health & safety A; Watch: amenities F, commute F.
• 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: Port Salerno Elementary School (math 27% / reading 29%, grade F, #1,951 of 2,144 statewide, top 91%, 706 students, 74% FRL); Murray Middle School (math 45% / reading 43%, grade D, #327 of 571 statewide, top 57%, 616 students, 69% FRL); South Fork High School (math 36% / reading 48%, grade F, #275 of 667 statewide, top 42%, 1,810 students, 51% FRL) — zoned schools average 65% FRL vs 41% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 38% at this address vs 52% district-wide (-14 pts) — the specific schools serving this property underperform the Martin average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.7%/yr); 595 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 129 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: 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 $131,912 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.22% ✓
• Cap rate: 5.93%
• Cash-on-cash: -1.31%
• DSCR: 0.94
• GRM: 6.8

CMA / ARV

• ARV (median comp): $145,819
• List price: $149,900
• Delta: 2.80%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.71% rent growth · sell at horizon

5-year hold

• IRR: -18.7%
• Equity multiple: 0.35×
• Total profit: $-27,425
• Equity at exit: $22,351

10-year hold

• IRR: -11.4%
• Equity multiple: 0.32×
• Total profit: $-28,552
• Equity at exit: $12,961

Cash invested: $41,972 (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 34997

• Rents YoY: 2.7%
• Active inventory: 595
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,828 high
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$454
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $-46

Break-even live

Break-even rent $1,886

Max offer price $143,290

Occupancy floor 98%

Sensitivity live

Price	-10% $58	-5% $6	+0% $-46	+5% $-97	+10% $-149
Rent	-10% $-190	-5% $-118	+0% $-46	+5% $27	+10% $99
Rate	-1.0pp $30	-0.5pp $-8	base $-46	+0.5pp $-85	+1.0pp $-124

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5045 SE Primrose Way Stuart, FL	2.0	2.0	837	$1,900	$2.27	15d	1	0.86mi
4606 SE Binnacle Way Unit 1 Stuart, FL	2.0	1.0	928	$1,850	$1.99	15d	1	0.88mi
5393 SE 48th Ave Unit C Stuart, FL	1.0	1.0	750	$1,550	$2.07	25d	1	1.01mi
5393 SE 48th Ave Unit B Stuart, FL	—	1.0	600	$1,225	$2.04	25d	1	1.01mi
5803 SE Collins Ave Stuart, FL	2.0	2.0	874	$2,200	$2.52	25d	1	1.05mi
4404 SE Mulford Ln Stuart, FL	2.0	1.0	834	$2,500	$3.00	25d	1	1.11mi
5833 SE 47th Ave Stuart, FL	1.0	1.0	700	$1,500	$2.14	25d	2	1.24mi
4667 SE Salvatori Rd Unit 4667 Stuart, FL	2.0	2.0	800	$2,100	$2.62	25d	1	1.39mi

HOA detail condo

• Monthly dues: $454 · $5,448/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-21
   days on market $149,900 Active 129 DOM
2. 2026-06-18
   days on market $149,900 Active 126 DOM
3. 2026-06-17
   days on market $149,900 Active 125 DOM
4. 2026-06-16
   days on market $149,900 Active 124 DOM
5. 2026-06-15
   days on market $149,900 Active 123 DOM
6. 2026-06-14
   days on market $149,900 Active 121 DOM
7. 2026-06-13
   days on market $149,900 Active 120 DOM
8. 2026-06-10
   days on market $149,900 Active 118 DOM
9. 2026-06-09
   days on market $149,900 Active 117 DOM
10. 2026-06-08
    days on market $149,900 Active 116 DOM
11. 2026-06-07
    days on market $149,900 Active 115 DOM
12. 2026-06-03
    days on market $149,900 Active 111 DOM
13. 2026-06-02
    days on market $149,900 Active 110 DOM
14. 2026-06-01
    days on market $149,900 Active 109 DOM
15. 2026-05-31
    days on market $149,900 Active 108 DOM
16. 2026-05-31
    days on market $149,900 Active 107 DOM
17. 2026-03-16
    price $152,500 894-char remark

    Show marketing remark (894 chars)

    Motivated Seller Bring all offers! Welcome to Miles Grant Country Club Experience the perfect blend of modern style and coastal comfort in this beautiful ground-floor condo. Miles Grant is an active and welcoming community located near the Intracoastal Waterway in Stuart. Residents enjoy a community pool and a mandatory social membership to Miles Grant Country Club, offering options and a wide range of amenities including Golf, Pickleball , Pool and more The private quarters are designed for ultimate relaxation and flexibility. The primary suite serves as a serene sanctuary with warm wood flooring and a private ensuite bathroom featuring updated finishes. Offering a private outdoor oasis to enjoy the Stuart breeze. Located within the prestigious Miles Grant community, this move-in-ready gem offers an unparalleled lifestyle just minutes from top-tier amenities and the Florida coast.

18. 2026-02-26
    price $155,000 894-char remark

    Show marketing remark (894 chars)

    Motivated Seller Bring all offers! Welcome to Miles Grant Country Club Experience the perfect blend of modern style and coastal comfort in this beautiful ground-floor condo. Miles Grant is an active and welcoming community located near the Intracoastal Waterway in Stuart. Residents enjoy a community pool and a mandatory social membership to Miles Grant Country Club, offering options and a wide range of amenities including Golf, Pickleball , Pool and more The private quarters are designed for ultimate relaxation and flexibility. The primary suite serves as a serene sanctuary with warm wood flooring and a private ensuite bathroom featuring updated finishes. Offering a private outdoor oasis to enjoy the Stuart breeze. Located within the prestigious Miles Grant community, this move-in-ready gem offers an unparalleled lifestyle just minutes from top-tier amenities and the Florida coast.

19. 2026-02-12
    listed $157,500 Active 894-char remark

    Show marketing remark (894 chars)

    Motivated Seller Bring all offers! Welcome to Miles Grant Country Club Experience the perfect blend of modern style and coastal comfort in this beautiful ground-floor condo. Miles Grant is an active and welcoming community located near the Intracoastal Waterway in Stuart. Residents enjoy a community pool and a mandatory social membership to Miles Grant Country Club, offering options and a wide range of amenities including Golf, Pickleball , Pool and more The private quarters are designed for ultimate relaxation and flexibility. The primary suite serves as a serene sanctuary with warm wood flooring and a private ensuite bathroom featuring updated finishes. Offering a private outdoor oasis to enjoy the Stuart breeze. Located within the prestigious Miles Grant community, this move-in-ready gem offers an unparalleled lifestyle just minutes from top-tier amenities and the Florida coast.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,938
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,755
• − Management: −$1,755
• − HOA: −$5,448
• − Depreciation: −$4,361
• Taxable loss: −$2,776
• Est. tax savings @ 24.0%: +$666
• After-tax cash flow: $118/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 · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained and updated condo is ready for a new owner. It offers a good balance of modern amenities and a cozy, inviting atmosphere. With minor updates, it can significantly increase its value.

Value-add opportunities

• Resale Paint interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting.
• Resale Replace outdated light fixtures — Modern light fixtures can improve the home's aesthetic and energy efficiency.
• Resale Install new flooring in kitchen and bathrooms — New flooring can significantly improve the home's appearance and value.
• Both Upgrade HVAC system — A new HVAC system can improve comfort and energy efficiency, benefiting both resale and rental value.
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and attract more potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting. ↑
• Resale Replace outdated light fixtures — Modern light fixtures can improve the home's aesthetic and energy efficiency. ↑
• Resale Install new flooring in kitchen and bathrooms — New flooring can significantly improve the home's appearance and value. ↑
• Both Upgrade HVAC system — A new HVAC system can improve comfort and energy efficiency, benefiting both resale and rental value. ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and attract more potential buyers or renters. ↑

ⓘ 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 — Port Salerno

• Score: 70/100
• State rank: #440
• US rank: #7873

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Salerno, FL
• County: Martin County · 165,223 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 47,075
• Household income: $78,136
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 1323.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 9% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 14% French/Haitian/Cajun 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: ▼ -319.78%
• Current HPI: 336.7717
• Rent YoY: ▲ 2.71%
• 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

-3.2% since first listed

3 events — show timeline

• 2026-03-16 Price Changed $152,500 Beaches MLS
• 2026-02-26 Price Changed $155,000 Beaches MLS
• 2026-02-12 Listed $157,500 Beaches MLS