176 W Caribbean · Port St. Lucie, FL 34952

$57,500

2 bd · 2.0 ba · 1,164 sqft · Manufactured · 272 Days on market

Built 1980 6,534 sqft lot ↓ 31% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Rent growth +3.0/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GET THE HOME OF YOUR DREAMS. Located in a PET SECTION, this immaculate newly-updated home is in extra good condition Located in Spanish Lakes Golf Village, this home comes with a new kitchen and bathrooms. Comes complete with all new gray laminate floors and carpet with interior laundry room. Clubhouse amenities include pool, tennis courts, shuffleboard, golf with no HOA fees. Also includes free weekly garbage/recycling pick up and lawn maintenance. Located in Port St. Lucie, this home is close to beaches and parks, shopping, major medical facilitie. being sold UNFURNISHED, this beautifully appointed 2 BR, 2 bath home also features a large screened-in Florida room. New laminate floors throughout with new kitchen and bathrooms on a flow-through floor plan with spacious split bedrooms, 2 large open living room areas and a kitchen great room with dining area. The living room, family room and bedrooms boast new window features. Home is sold AS IS and comes with a May 2022 4-pt inspection

Key facts

• 6,534 sq ft lot
• Parking
• Community pool

Property features AI

Finance

• Other: Senior community; Directions: Take US-1 to Village Green Drive, then follow signs to the Spanish Lakes Golf Village entrance and proceed to 176 W Caribbean
• Financial info: Pets allowed with no restrictions
• HOA & community: Association on-site; Community amenities include clubhouse, pool, fitness center, tennis and shuffleboard courts, golf course, bocce ball, billiard and game rooms, library, community room, cafe/restaurant, manager on site

Exterior

• Parking: Attached carport (1 covered space)
• Utilities: Three-phase electric; Public sewer; Sewer available; Water available
• Home design: Manufactured home (modular); Single-story; Faces south; Resale condition; Located east of US-1
• Construction: Modular construction
• Exterior features: Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Split bedroom layout; Furnished
• Laundry & utility: Inside laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $58k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $58k).
• Recommended offer: $51k (12.0% below list) — sets the bar for market timing.
• Cap rate 30.3% vs local median 3.9% in Port St. Lucie — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Lucie (urban): math 40% / reading 48% proficiency, ranked #51 of 73 in FL (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Savanna Ridge Elementary School (math 40% / reading 45%, grade F, #1,383 of 2,144 statewide, top 65%, 452 students, 75% FRL); Port St. Lucie High School (math 21% / reading 43%, grade F, #415 of 667 statewide, top 63%, 1,748 students, 67% FRL).
• Market conditions: Rents rising (+1.9%/yr); 639 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 38% of the median local income ($62k/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 $398 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• St. Lucie County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.9% rent growth), your $16k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 272 days — a 12% lower offer ($51k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $5k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 272 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.40% ✓
• Cap rate: 30.26%
• Cash-on-cash: 85.60%
• DSCR: 4.81
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $181,584
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7 Giralda	0.21mi	2/2.0	1,200 (+3%)	4mo	$21,000	$18	81
2948 Fiddlewood Cir	0.40mi	2/2.0	1,280 (+10%)	1mo	$122,000	$95	64
3422 Feriwinkle Ct	0.71mi	2/2.0	1,184 (+2%)	4mo	$205,000	$173	61
3316 Ironwood Ave	0.58mi	2/2.0	1,134 (-3%)	10mo	$208,500	$184	60
3033 Satinleaf Ln	0.52mi	2/2.0	1,248 (+7%)	4mo	$195,000	$156	60
2999 Saltbush Ct	0.46mi	2/2.0	1,040 (-11%)	8mo	$176,000	$169	54
2960 Fiddlewood Cir	0.37mi	2/2.0	1,246 (+7%)	22mo	$225,000	$181	53
8506 Redbay Ct	0.51mi	2/2.0	1,036 (-11%)	6mo	$193,000	$186	53
8164 Buckthorn Cir	0.22mi	2/2.0	1,338 (+15%)	18mo	$83,000	$62	50
10 Padre	0.69mi	2/2.0	1,280 (+10%)	4mo	$38,000	$30	48
8513 Redbay Ct	0.48mi	2/2.0	1,040 (-11%)	21mo	$138,000	$133	42
82 Spanish Way	0.73mi	2/2.0	1,245 (+7%)	22mo	$18,000	$14	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.92% rent growth · sell at horizon

5-year hold

• IRR: 84.8%
• Equity multiple: 4.84×
• Total profit: $61,755
• Equity at exit: $8,573

10-year hold

• IRR: 87.8%
• Equity multiple: 9.67×
• Total profit: $139,637
• Equity at exit: $4,972

Cash invested: $16,100 (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 34952

• Home prices YoY: -29.6%
• Rents YoY: 1.9%
• Active inventory: 639
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,957 high
• Mortgage (P&I): −$302
• Tax est. 1.5%: −$72 /mo · $862/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $1,148

Break-even live

Break-even rent $503

Max offer price $57,500

Occupancy floor 36%

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: $14,375
• Closing costs: $1,725
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
71 W Caribbean Port St. Lucie, FL	2.0	2.0	1417	$1,700	$1.20	23d	1	0.40mi
1900 Bella Vista Way Port Saint Lucie, FL	1.0–2.0	1.0–2.0	995	$1,764	$1.77	14d	15	0.41mi
1810 SE Pinewood Trl Port Saint Lucie, FL	1.0–2.0	1.0–2.0	1013	$2,055	$2.03	14d	7	0.55mi
1811 SE Walton Lakes Dr Port Saint Lucie, FL	2.0	1.0–2.0	1117	$1,926	$1.72	14d	6	0.63mi
3784 Sapodilla Ct Port Saint Lucie, FL	2.0	2.0	1121	$2,300	$2.05	23d	1	0.81mi
2058 SE Wild Meadow Cir #101 Port St Lucie, FL	2.0	2.5	1425	$2,200	$1.54	14d	1	0.89mi
1131 SE Parrish Ct Port Saint Lucie, FL	2.0	1.0	902	$2,000	$2.22	23d	1	0.91mi
1455 SE Colchester Cir Port Saint Lucie, FL	2.0	2.0	921	$1,795	$1.95	14d	1	0.96mi
2130 SE Wild Meadow Cir Port Saint Lucie, FL	2.0	2.0	1440	$1,695	$1.18	14d	1	0.96mi
1516 SE Royal Green Cir #202 Port St Lucie, FL	3.0	2.0	921	$2,100	$2.28	23d	1	1.07mi
1503 SE Royal Green Cir Unit V104 Port St. Lucie, FL	2.0	2.0	865	$1,750	$2.02	23d	1	1.08mi
1520 SE Royal Green Cir Unit K-203 Port St. Lucie, FL	2.0	2.0	886	$1,800	$2.03	23d	1	1.10mi
2209 SE East Dunbrooke Cir Port Saint Lucie, FL	3.0	2.0	1212	$2,950	$2.43	14d	1	1.11mi
1524 SE Royal Green Cir Unit Q102 Port St. Lucie, FL	2.0	2.0	865	$1,800	$2.08	14d	1	1.12mi
1550 SE Royal Green Cir Port St. Lucie, FL	2.0	2.0	782	$1,850	$2.37	14d	1	1.13mi
1565 SE Royal Green Cir #108 Port St Lucie, FL	1.0	1.0	705	$1,595	$2.26	14d	1	1.13mi
1562 SE Royal Green Cir Unit T-204 Port St. Lucie, FL	2.0	2.0	782	$1,900	$2.43	23d	1	1.14mi
1566 SE Royal Green Cir #203 Port St Lucie, FL	2.0	2.0	782	$2,000	$2.56	14d	1	1.20mi
1537 SE Royal Green Cir Unit E204 Port St. Lucie, FL	2.0	2.0	886	$1,750	$1.98	14d	1	1.23mi
1618 SE Elkhart Ter Port Saint Lucie, FL	3.0	2.0	1176	$2,200	$1.87	23d	1	1.25mi
1536 SE Royal Green Cir #101 Port St Lucie, FL	2.0	2.0	782	$1,750	$2.24	23d	1	1.27mi
1500 SE Tiffany Club Pl Port Saint Lucie, FL	1.0–3.0	1.0–2.0	895	$1,922	$2.15	14d	7	1.28mi
1550 SE Royal Green Cir Unit P-203 Port St. Lucie, FL	2.0	2.0	782	$1,750	$2.24	23d	1	1.28mi
1548 SE Royal Green Cir Unit M-103 Port St. Lucie, FL	2.0	2.0	886	$1,800	$2.03	23d	1	1.31mi
1548 SE Royal Green Cir #108 Port St Lucie, FL	1.0	1.0	705	$1,650	$2.34	14d	1	1.31mi
1350 SE La Haven Ct Port Saint Lucie, FL	2.0	2.0	1041	$2,100	$2.02	23d	1	1.48mi

Listing history 22 events

1. 2026-06-18
   days on market $57,500 Active 272 DOM
2. 2026-06-17
   days on market $57,500 Active 271 DOM
3. 2026-06-16
   days on market $57,500 Active 270 DOM
4. 2026-06-15
   days on market $57,500 Active 269 DOM
5. 2026-06-14
   days on market $57,500 Active 267 DOM
6. 2026-06-13
   days on market $57,500 Active 266 DOM
7. 2026-06-10
   days on market $57,500 Active 264 DOM
8. 2026-06-09
   days on market $57,500 Active 263 DOM
9. 2026-06-08
   days on market $57,500 Active 262 DOM
10. 2026-06-07
    days on market $57,500 Active 261 DOM
11. 2026-06-05
    days on market $57,500 Active 258 DOM
12. 2026-06-03
    days on market $57,500 Active 257 DOM
13. 2026-06-02
    days on market $57,500 Active 256 DOM
14. 2026-06-01
    days on market $57,500 Active 255 DOM
15. 2026-05-31
    days on market $57,500 Active 254 DOM
16. 2026-05-30
    days on market $57,500 Active 253 DOM
17. 2025-11-04
    price $57,500
18. 2025-09-19
    listed $62,500 Active
19. 2025-09-19
    historical $62,500
20. 2022-07-20
    soldstatus $80,500 Closed 998-char remark

    Show marketing remark (998 chars)

    GET THE HOME OF YOUR DREAMS. Located in a PET SECTION, this immaculate newly-updated home is in extra good condition Located in Spanish Lakes Golf Village, this home comes with a new kitchen and bathrooms. Comes complete with all new gray laminate floors and carpet with interior laundry room. Clubhouse amenities include pool, tennis courts, shuffleboard, golf with no HOA fees. Also includes free weekly garbage/recycling pick up and lawn maintenance. Located in Port St. Lucie, this home is close to beaches and parks, shopping, major medical facilitie. being sold UNFURNISHED, this beautifully appointed 2 BR, 2 bath home also features a large screened-in Florida room. New laminate floors throughout with new kitchen and bathrooms on a flow-through floor plan with spacious split bedrooms, 2 large open living room areas and a kitchen great room with dining area. The living room, family room and bedrooms boast new window features. Home is sold AS IS and comes with a May 2022 4-pt inspection

21. 2022-07-11
    status Pending 998-char remark

    Show marketing remark (998 chars)

    GET THE HOME OF YOUR DREAMS. Located in a PET SECTION, this immaculate newly-updated home is in extra good condition Located in Spanish Lakes Golf Village, this home comes with a new kitchen and bathrooms. Comes complete with all new gray laminate floors and carpet with interior laundry room. Clubhouse amenities include pool, tennis courts, shuffleboard, golf with no HOA fees. Also includes free weekly garbage/recycling pick up and lawn maintenance. Located in Port St. Lucie, this home is close to beaches and parks, shopping, major medical facilitie. being sold UNFURNISHED, this beautifully appointed 2 BR, 2 bath home also features a large screened-in Florida room. New laminate floors throughout with new kitchen and bathrooms on a flow-through floor plan with spacious split bedrooms, 2 large open living room areas and a kitchen great room with dining area. The living room, family room and bedrooms boast new window features. Home is sold AS IS and comes with a May 2022 4-pt inspection

22. 2022-04-15
    listed $83,000 Active 998-char remark

    Show marketing remark (998 chars)

    GET THE HOME OF YOUR DREAMS. Located in a PET SECTION, this immaculate newly-updated home is in extra good condition Located in Spanish Lakes Golf Village, this home comes with a new kitchen and bathrooms. Comes complete with all new gray laminate floors and carpet with interior laundry room. Clubhouse amenities include pool, tennis courts, shuffleboard, golf with no HOA fees. Also includes free weekly garbage/recycling pick up and lawn maintenance. Located in Port St. Lucie, this home is close to beaches and parks, shopping, major medical facilitie. being sold UNFURNISHED, this beautifully appointed 2 BR, 2 bath home also features a large screened-in Florida room. New laminate floors throughout with new kitchen and bathrooms on a flow-through floor plan with spacious split bedrooms, 2 large open living room areas and a kitchen great room with dining area. The living room, family room and bedrooms boast new window features. Home is sold AS IS and comes with a May 2022 4-pt inspection

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 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: $23,481
• − Mortgage interest: −$3,221
• − Property taxes: −$862
• − Insurance: −$288
• − Repairs & maintenance: −$1,878
• − Management: −$1,878
• − Depreciation: −$1,673
• Taxable income: $13,681
• Est. tax owed @ 24.0%: −$3,283
• After-tax cash flow: $10,498/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: St. Lucie
• NCES district ID: 1201770
• Math proficiency: 40% ▼ -11.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $44,737
• Composite: 37.28/100
• National rank: #4449
• State rank: #51 of 73 in FL

Livability — Port St. Lucie

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Port St. Lucie, FL
• County: Saint Lucie County · 337,150 people
• City population: 27,447
• Metro: Port St. Lucie, FL
• Population (ZIP): 42,655
• Household income: $61,628
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 1759.0

Population outlook (St. Lucie County) Hauer SSP2

• Today (2025): 338,016 people
• By 2030: 355,687 · +5.2%
• By 2040: 385,521 · +14.1%
• By 2050: 406,106 · +20.1%
• By 2075: 441,054 · +30.5%
• By 2100: 436,885 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 62% Hispanic / Latino 19% Two or more races 14% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Hispanic 1%
• Foreign-born: 18% · Canada, Jamaica, China
• Languages at home: 76% English-only · Spanish 16% French/Haitian/Cajun 3% Tagalog/Filipino 2%

Political lean MEDSL · St. Lucie

• 2024 margin: Lean R (+9.1) · D 45.1% · R 54.2%
• 2008→2024 swing: -21.2pp toward R · 2008: 12.1pp · 2024: -9.1pp
• All cycles: 2024: R+9.1 2020: R+1.6 2016: R+2.5 2012: D+7.9 2008: D+12.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -155.80%
• Current HPI: 371.0573
• Rent YoY: ▲ 1.92%
• 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

-30.7% since first listed

6 events — show timeline

• 2025-11-04 Price Changed $57,500 Beaches MLS
• 2025-09-19 Listed $62,500 Beaches MLS
• 2025-09-19 Coming Soon $62,500 Beaches MLS
• 2022-07-20 Sold (MLS) $80,500 MCRTC
• 2022-07-11 Pending — MCRTC
• 2022-04-15 Listed $83,000 MCRTC