315 NE Cardinal Lane Unit Lot L25 · Jensen Beach, FL 34957

$148,759

2 bd · 2.0 ba · 897 sqft · Manufactured · 118 Days on market

Built 2025 Excellent condition $168/mo HOA ↓ 12% 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
• Condition / age +4.8/5.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brand-New Construction in Jensen Beach — 55+ Community with No Lot Rent Welcome to 315 NE Cardinal Lane, a never-lived-in home located in the sought-after 55+ community of Tropical Acres in Jensen Beach. This co-op ownership community offers no lot rent and low HOA fees of just $168/month, covering common areas, pool service, and reserves. This newly constructed home offers modern features and peace of mind, including 200-amp electrical service, transferable home warranty, 8-foot ceilings, and attic-distributed A/C vents. All appliances are brand new. Additional highlights include an 8x10 storage shed, pre-wired for electricity and built to Martin County Wind Mitigation Code standards. The property is connected to city water and sewer, with a separate well-fed irrigation system for landscaping. Optional RV and boat storage is available for $30/month (subject to availability). Conveniently located just minutes from downtown Jensen Beach, shopping, dining, and local beaches, this home offers a rare opportunity to enjoy a low-maintenance coastal lifestyle in a well-maintained community.

Key facts

• Low hoa fees
• New construction
• No lot rent

Tags

• NEW CONSTRUCTION
• NO LOT RENT
• LOW HOA FEES
• 200 AMP ELECTRICAL SERVICE
• TRANSFERABLE HOME WARRANTY
• 8 FOOT CEILINGS

🏢 Co-op / cooperative unit. The $148,759 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $149k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $605 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $135k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 4.1% in Jensen Beach — 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 (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: amenities F, commute F, health & safety 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: Rents rising (+1.0%/yr); 536 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 39% of the median local income ($70k/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 $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.
• At projected returns (-3.0% appreciation + 1.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($135k) is reasonable based on typical stale-listing flexibility.

Recommended offer $135,370 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
6. 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.
7. 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.
8. 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: 1.53% ✓
• Cap rate: 11.17%
• Cash-on-cash: 17.43%
• DSCR: 1.78
• GRM: 5.4

CMA / ARV

• ARV (median comp): $70,032
• List price: $148,759
• Delta: 112.42%
• Verdict: OVERPRICED
• Comps: 12 within 2.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
152 NE 15th Ter	0.13mi	2/2.0	924 (+3%)	4mo	$170,000	$184	86
1535 N Baseline Ave	0.24mi	2/2.0	920 (+3%)	15mo	$185,000	$201	72
1518 NE Cardinal Ave	0.05mi	2/2.0	838 (-7%)	18mo	$240,000	$286	71

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: 6.4%
• Equity multiple: 1.24×
• Total profit: $10,070
• Equity at exit: $22,180

10-year hold

• IRR: 13.7%
• Equity multiple: 1.99×
• Total profit: $41,218
• Equity at exit: $12,862

Cash invested: $41,653 (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 34957

• Rents YoY: 1.0%
• Active inventory: 536
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,280 high
• Mortgage (P&I): −$780
• Tax est. 1.5%: −$186 /mo · $2,231/yr
• Insurance: −$62
• HOA: −$168
• Vacancy / Maint / Mgmt: −$479
• Net cashflow: $605

Break-even live

Break-even rent $1,514

Max offer price $148,759

Occupancy floor 68%

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: $37,190
• Closing costs: $4,463
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$2,280	$2.40	14d	27	0.22mi
25 NE 17th St Stuart, FL	3.0	2.0	990	$2,000	$2.02	23d	1	0.26mi
1398 NW Cavendish Ct Stuart, FL	2.0–3.0	2.5	1242	$2,393	$1.93	21d	11	0.36mi
1097 NE Kubin Ave Jensen Beach, FL	2.0	1.5	952	$2,450	$2.57	23d	1	0.61mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	14d	1	0.78mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	23d	1	0.78mi
975 NW Flagler Ave #403 Stuart, FL	2.0	2.0	1082	$3,000	$2.77	23d	1	0.83mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	23d	1	0.83mi
875 NW Flagler Ave #302 Stuart, FL	2.0	2.0	1082	$2,900	$2.68	14d	1	0.90mi
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	23d	1	1.03mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	14d	1	1.07mi
800 NW Fork Rd Stuart, FL	1.0–2.0	1.0–2.0	886	$1,850	$2.09	14d	2	1.08mi
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	23d	1	1.09mi
964 NW Spruce Ridge Dr Unit D1 Stuart, FL	2.0	2.0	1056	$2,200	$2.08	23d	1	1.11mi
974 NW Spruce Ridge Dr Stuart, FL	2.0	2.0	1037	$2,100	$2.03	23d	1	1.13mi
1622 NE Maureen Ct Jensen Beach, FL	2.0	1.0	780	$1,800	$2.31	14d	1	1.17mi
415 NW Flagler Ave #403 Stuart, FL	2.0	2.0	1082	$3,000	$2.77	23d	1	1.18mi
1900 NW Federal Hwy Stuart, FL	1.0–2.0	1.0–2.0	1013	$3,973	$3.92	14d	21	1.18mi
2201 NW Federal Hwy Stuart, FL	1.0–3.0	1.0–2.0	1080	$2,530	$2.34	14d	18	1.23mi
64 NE Acacia Trl Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	23d	1	1.24mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	23d	1	1.25mi
1010 NW Fresco Way Jensen Beach, FL	1.0–3.0	1.0–2.0	1011	$2,122	$2.10	14d	10	1.27mi
2952 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1056	$3,000	$2.84	23d	1	1.39mi
1225 NW 21st St Unit 35-3512 Stuart, FL	1.0	1.5	747	$1,395	$1.87	23d	1	1.41mi
1225 NW 21st St Unit 36-3609 Stuart, FL	2.0	2.0	1014	$1,700	$1.68	21d	1	1.41mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,500	$1.94	21d	3	1.41mi
1225 NW 21st St Stuart, FL	1.0	1.5	773	$1,350	$1.75	14d	1	1.41mi
1225 NW 21st St Unit 8-815 Stuart, FL	2.0	2.0	1014	$1,950	$1.92	23d	1	1.41mi
1225 NW 21st St Unit 7-705 Stuart, FL	1.0	1.5	747	$1,550	$2.07	14d	1	1.41mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	14d	1	1.49mi

HOA detail

• Monthly dues: $168 · $2,016/yr
• Likely covers: watersewerelectriclandscapingpool

Listing history 21 events

1. 2026-06-18
   days on market $148,759 Active 118 DOM
2. 2026-06-17
   days on market $148,759 Active 117 DOM
3. 2026-06-16
   days on market $148,759 Active 116 DOM
4. 2026-06-15
   price $148,759 Active 115 DOM
5. 2026-06-15
   days on market $148,760 Active 115 DOM
6. 2026-06-14
   days on market $148,760 Active 113 DOM
7. 2026-06-13
   days on market $148,760 Active 112 DOM
8. 2026-06-10
   days on market $148,760 Active 110 DOM
9. 2026-06-09
   days on market $148,760 Active 109 DOM
10. 2026-06-09
    price $148,760 Active 108 DOM
11. 2026-06-08
    days on market $148,764 Active 108 DOM
12. 2026-06-07
    days on market $148,764 Active 107 DOM
13. 2026-06-03
    days on market $148,764 Active 103 DOM
14. 2026-06-02
    days on market $148,764 Active 102 DOM
15. 2026-06-01
    days on market $148,764 Active 101 DOM
16. 2026-05-31
    days on market $148,764 Active 100 DOM
17. 2026-05-31
    days on market $148,764 Active 99 DOM
18. 2026-04-19
    price $148,765 1109-char remark

    Show marketing remark (1109 chars)

    Brand-New Construction in Jensen Beach — 55+ Community with No Lot Rent Welcome to 315 NE Cardinal Lane, a never-lived-in home located in the sought-after 55+ community of Tropical Acres in Jensen Beach. This co-op ownership community offers no lot rent and low HOA fees of just $168/month, covering common areas, pool service, and reserves. This newly constructed home offers modern features and peace of mind, including 200-amp electrical service, transferable home warranty, 8-foot ceilings, and attic-distributed A/C vents. All appliances are brand new. Additional highlights include an 8x10 storage shed, pre-wired for electricity and built to Martin County Wind Mitigation Code standards. The property is connected to city water and sewer, with a separate well-fed irrigation system for landscaping. Optional RV and boat storage is available for $30/month (subject to availability). Conveniently located just minutes from downtown Jensen Beach, shopping, dining, and local beaches, this home offers a rare opportunity to enjoy a low-maintenance coastal lifestyle in a well-maintained community.

19. 2026-03-20
    price $149,876 1109-char remark

    Show marketing remark (1109 chars)

    Brand-New Construction in Jensen Beach — 55+ Community with No Lot Rent Welcome to 315 NE Cardinal Lane, a never-lived-in home located in the sought-after 55+ community of Tropical Acres in Jensen Beach. This co-op ownership community offers no lot rent and low HOA fees of just $168/month, covering common areas, pool service, and reserves. This newly constructed home offers modern features and peace of mind, including 200-amp electrical service, transferable home warranty, 8-foot ceilings, and attic-distributed A/C vents. All appliances are brand new. Additional highlights include an 8x10 storage shed, pre-wired for electricity and built to Martin County Wind Mitigation Code standards. The property is connected to city water and sewer, with a separate well-fed irrigation system for landscaping. Optional RV and boat storage is available for $30/month (subject to availability). Conveniently located just minutes from downtown Jensen Beach, shopping, dining, and local beaches, this home offers a rare opportunity to enjoy a low-maintenance coastal lifestyle in a well-maintained community.

20. 2026-02-25
    price $159,876 1109-char remark

    Show marketing remark (1109 chars)

    Brand-New Construction in Jensen Beach — 55+ Community with No Lot Rent Welcome to 315 NE Cardinal Lane, a never-lived-in home located in the sought-after 55+ community of Tropical Acres in Jensen Beach. This co-op ownership community offers no lot rent and low HOA fees of just $168/month, covering common areas, pool service, and reserves. This newly constructed home offers modern features and peace of mind, including 200-amp electrical service, transferable home warranty, 8-foot ceilings, and attic-distributed A/C vents. All appliances are brand new. Additional highlights include an 8x10 storage shed, pre-wired for electricity and built to Martin County Wind Mitigation Code standards. The property is connected to city water and sewer, with a separate well-fed irrigation system for landscaping. Optional RV and boat storage is available for $30/month (subject to availability). Conveniently located just minutes from downtown Jensen Beach, shopping, dining, and local beaches, this home offers a rare opportunity to enjoy a low-maintenance coastal lifestyle in a well-maintained community.

21. 2026-02-20
    listed $169,876 Active 1109-char remark

    Show marketing remark (1109 chars)

    Brand-New Construction in Jensen Beach — 55+ Community with No Lot Rent Welcome to 315 NE Cardinal Lane, a never-lived-in home located in the sought-after 55+ community of Tropical Acres in Jensen Beach. This co-op ownership community offers no lot rent and low HOA fees of just $168/month, covering common areas, pool service, and reserves. This newly constructed home offers modern features and peace of mind, including 200-amp electrical service, transferable home warranty, 8-foot ceilings, and attic-distributed A/C vents. All appliances are brand new. Additional highlights include an 8x10 storage shed, pre-wired for electricity and built to Martin County Wind Mitigation Code standards. The property is connected to city water and sewer, with a separate well-fed irrigation system for landscaping. Optional RV and boat storage is available for $30/month (subject to availability). Conveniently located just minutes from downtown Jensen Beach, shopping, dining, and local beaches, this home offers a rare opportunity to enjoy a low-maintenance coastal lifestyle in a well-maintained community.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $27,358
• − Mortgage interest: −$8,333
• − Property taxes: −$2,231
• − Insurance: −$744
• − Repairs & maintenance: −$2,189
• − Management: −$2,189
• − HOA: −$2,016
• − Depreciation: −$4,328
• Taxable income: $5,330
• Est. tax owed @ 24.0%: −$1,279
• After-tax cash flow: $5,982/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

Excellent 95/100 None rehab

This newly constructed home in a 55+ community offers modern features and no lot rent, making it an excellent investment opportunity.

Value-add opportunities

• Both Landscaping and pool maintenance — Maintaining the landscaping and pool will enhance the curb appeal and attract potential buyers or renters.
• Both Regular home maintenance — Regular maintenance will ensure the home remains in top condition and reduces the risk of unexpected repairs.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and pool maintenance — Maintaining the landscaping and pool will enhance the curb appeal and attract potential buyers or renters. ↑
• Both Regular home maintenance — Regular maintenance will ensure the home remains in top condition and reduces the risk of unexpected repairs. ↑

ⓘ 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 — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jensen Beach, FL
• County: Martin County · 165,223 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

-12.4% since first listed

4 events — show timeline

• 2026-04-19 Price Changed $148,765 MARMLS
• 2026-03-20 Price Changed $149,876 MARMLS
• 2026-02-25 Price Changed $159,876 MARMLS
• 2026-02-20 Listed $169,876 MARMLS