5313 SE Miles Grant Rd #102 · Port Salerno, FL 34997

$150,000

1 bd · 1.5 ba · 903 sqft · Condo public records · 132 Days on market

Built 1974 $166/sqft · at area comps Est $146k · at est. $302/mo HOA · 16% 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 +19.7/30.0
• 1% rule +7.2/10.0
• DSCR +6.2/10.0
• ARV discount +6.2/15.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

First Floor 1/1.5 Condo with Golf Course View. Check out this beautiful condo in the peaceful and tranquil Miles Grant Country Club, Phase II. Tastefully Updated, fully furnished - this is a turnkey opportunity to have your own Florida home for the season or year-round. Low monthly fees include exterior upkeep/maintenance, basic cable, grounds and pool maintenance. Miles Grant Country Club features a spectacular golf course, pickleball, tennis, bocce ball, shuffleboard, game nights and numerous weekly activities. Truly a must-see unit offering comfort, upgrades, move-in ready, and a lifestyle you've been waiting for! Located close to numerous dining and entertainment venues in Port Salerno (<5 mins), and downtown Stuart (20 minutes).

Key facts

• Tennis
• Golf course view
• Pickleball

Tags

• GOLF COURSE VIEW
• MILES GRANT COUNTRY CLUB
• TURNKEY OPPORTUNITY
• PICKLEBALL
• TENNIS
• BOCCE BALL

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $174 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• 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 7.7% vs local median 3.1% 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: schools D, 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.
• Market conditions: Rents rising (+2.7%/yr); 588 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).

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 132 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (6%) 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 7.69%
• Cash-on-cash: 4.99%
• DSCR: 1.22
• GRM: 6.8

CMA / ARV

• ARV (median comp): $145,819
• List price: $150,000
• Delta: 2.87%
• 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: -8.8%
• Equity multiple: 0.68×
• Total profit: $-13,554
• Equity at exit: $22,365

10-year hold

• IRR: 0.4%
• Equity multiple: 1.02×
• Total profit: $1,037
• Equity at exit: $12,969

Cash invested: $42,000 (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: 588
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,834 high
• Mortgage (P&I): −$787
• Tax from tax record: −$123 /mo · $1,482/yr
• Insurance: −$62
• HOA: −$302
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $174

Break-even live

Break-even rent $1,613

Max offer price $150,000

Occupancy floor 85%

Sensitivity live

Price	-10% $259	-5% $217	+0% $174	+5% $132	+10% $90
Rent	-10% $30	-5% $102	+0% $174	+5% $247	+10% $319
Rate	-1.0pp $250	-0.5pp $213	base $174	+0.5pp $136	+1.0pp $96

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4606 SE Binnacle Way Unit 1 Stuart, FL	2.0	1.0	928	$1,850	$1.99	14d	1	0.69mi
5045 SE Primrose Way Stuart, FL	2.0	2.0	837	$1,900	$2.27	14d	1	0.72mi
5393 SE 48th Ave Unit C Stuart, FL	1.0	1.0	750	$1,550	$2.07	24d	1	0.82mi
5393 SE 48th Ave Unit B Stuart, FL	—	1.0	600	$1,225	$2.04	24d	1	0.82mi
5803 SE Collins Ave Stuart, FL	2.0	2.0	874	$2,200	$2.52	24d	1	0.93mi
4404 SE Mulford Ln Stuart, FL	2.0	1.0	834	$2,500	$3.00	24d	1	0.94mi
5833 SE 47th Ave Stuart, FL	1.0	1.0	700	$1,500	$2.14	24d	2	1.08mi
4667 SE Salvatori Rd Unit 4667 Stuart, FL	2.0	2.0	800	$2,100	$2.62	24d	1	1.23mi
4421 SE Village Rd Stuart, FL	2.0	2.0	1080	$2,100	$1.94	24d	1	1.42mi

HOA detail condo

• Monthly dues: $302 · $3,624/yr
• Likely covers: cablelandscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $150,000 Active 132 DOM
2. 2026-06-17
   days on market $150,000 Active 131 DOM
3. 2026-06-16
   days on market $150,000 Active 130 DOM
4. 2026-06-15
   days on market $150,000 Active 129 DOM
5. 2026-06-14
   days on market $150,000 Active 127 DOM
6. 2026-06-13
   days on market $150,000 Active 126 DOM
7. 2026-06-10
   days on market $150,000 Active 124 DOM
8. 2026-06-09
   days on market $150,000 Active 123 DOM
9. 2026-06-08
   days on market $150,000 Active 122 DOM
10. 2026-06-07
    days on market $150,000 Active 121 DOM
11. 2026-06-03
    pricedays on market $150,000 Active 117 DOM
12. 2026-06-02
    days on market $160,000 Active 116 DOM
13. 2026-06-01
    days on market $160,000 Active 115 DOM
14. 2026-05-31
    days on market $160,000 Active 114 DOM
15. 2026-05-31
    days on market $160,000 Active 113 DOM
16. 2026-03-23
    status Active 747-char remark

    Show marketing remark (747 chars)

    First Floor 1/1.5 Condo with Golf Course View. Check out this beautiful condo in the peaceful and tranquil Miles Grant Country Club, Phase II. Tastefully Updated, fully furnished - this is a turnkey opportunity to have your own Florida home for the season or year-round. Low monthly fees include exterior upkeep/maintenance, basic cable, grounds and pool maintenance. Miles Grant Country Club features a spectacular golf course, pickleball, tennis, bocce ball, shuffleboard, game nights and numerous weekly activities. Truly a must-see unit offering comfort, upgrades, move-in ready, and a lifestyle you've been waiting for! Located close to numerous dining and entertainment venues in Port Salerno (&lt;5 mins), and downtown Stuart (20 minutes).

17. 2025-11-05
    status Pending 747-char remark

    Show marketing remark (747 chars)

    First Floor 1/1.5 Condo with Golf Course View. Check out this beautiful condo in the peaceful and tranquil Miles Grant Country Club, Phase II. Tastefully Updated, fully furnished - this is a turnkey opportunity to have your own Florida home for the season or year-round. Low monthly fees include exterior upkeep/maintenance, basic cable, grounds and pool maintenance. Miles Grant Country Club features a spectacular golf course, pickleball, tennis, bocce ball, shuffleboard, game nights and numerous weekly activities. Truly a must-see unit offering comfort, upgrades, move-in ready, and a lifestyle you've been waiting for! Located close to numerous dining and entertainment venues in Port Salerno (&lt;5 mins), and downtown Stuart (20 minutes).

18. 2025-10-20
    historical Active Under Contract 747-char remark

    Show marketing remark (747 chars)

    First Floor 1/1.5 Condo with Golf Course View. Check out this beautiful condo in the peaceful and tranquil Miles Grant Country Club, Phase II. Tastefully Updated, fully furnished - this is a turnkey opportunity to have your own Florida home for the season or year-round. Low monthly fees include exterior upkeep/maintenance, basic cable, grounds and pool maintenance. Miles Grant Country Club features a spectacular golf course, pickleball, tennis, bocce ball, shuffleboard, game nights and numerous weekly activities. Truly a must-see unit offering comfort, upgrades, move-in ready, and a lifestyle you've been waiting for! Located close to numerous dining and entertainment venues in Port Salerno (&lt;5 mins), and downtown Stuart (20 minutes).

19. 2025-09-20
    listed $160,000 Active 747-char remark

    Show marketing remark (747 chars)

    First Floor 1/1.5 Condo with Golf Course View. Check out this beautiful condo in the peaceful and tranquil Miles Grant Country Club, Phase II. Tastefully Updated, fully furnished - this is a turnkey opportunity to have your own Florida home for the season or year-round. Low monthly fees include exterior upkeep/maintenance, basic cable, grounds and pool maintenance. Miles Grant Country Club features a spectacular golf course, pickleball, tennis, bocce ball, shuffleboard, game nights and numerous weekly activities. Truly a must-see unit offering comfort, upgrades, move-in ready, and a lifestyle you've been waiting for! Located close to numerous dining and entertainment venues in Port Salerno (&lt;5 mins), and downtown Stuart (20 minutes).

ⓘ 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: $1,482 · $123/mo
• Projected year-2 tax: $1,482 · $123/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 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: $22,011
• − Mortgage interest: −$8,402
• − Property taxes: −$1,482
• − Insurance: −$750
• − Repairs & maintenance: −$1,761
• − Management: −$1,761
• − HOA: −$3,624
• − Depreciation: −$4,364
• Taxable loss: −$132
• Est. tax savings @ 24.0%: +$32
• After-tax cash flow: $2,125/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: 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

4 events — show timeline

• 2026-03-23 Relisted — MCRTC
• 2025-11-05 Pending — MCRTC
• 2025-10-20 Contingent — MCRTC
• 2025-09-20 Listed $160,000 MCRTC

Property tax history

+6.5%/yr

Latest (2025): $1,482 · -4.6% YoY. Source: county tax records.