6531 SE Federal Hwy Unit J202 · Port Salerno, FL 34997

$155,000

2 bd · 2.0 ba · 1,084 sqft · Condo public records · 298 Days on market

Built 1980 $143/sqft · 26% below area Est $208k · 26% under $516/mo HOA · 25% 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 +18.8/30.0
• ARV discount +15.0/15.0
• 1% rule +8.6/10.0
• DSCR +5.9/10.0
• 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

Price Reduced PLUS Buyer Credit! Outstanding Value! 2/2 corner unit w/1 car carport in South Stuart area of Twin Lakes. Seller will give a $5,000 credit to Buyer for Buyer's closing costs OR improvements. Roof 2022, Partial PGT impact windows 2022, A/C 2024, Bathtub 2022. Assigned covered carport space, close to unit. 2nd floor location w/easy stairs w/landing, windows on every side & no one above you. Kitchen opens onto dining area/LR. Split BR plan. W & D in closet area. Patio/FL room w/white single hung windows + storage room. Active 55+ comm. w/pool, fitness area, tennis/pickleball, activities & more!. Dues incl. bldg. ins, cable, common area maint, reserves & amenities. 1 pet allowed up to 12 lbs. No waiting period after purchase for rentals. Enjoy the good life at Twin Lakes!

Key facts

• End unit
• Patio florida room
• Carport

Tags

• END UNIT
• CARPORT
• IMPACT WINDOWS
• SPLIT BR PLAN
• KITCHEN OPENS ONTO DINING AREA
• PATIO FLORIDA ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $155 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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; 28 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 32% of the median local income ($78k/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 $5k 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 298 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 21y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $122k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 298 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.36% ✓
• Cap rate: 7.50%
• Cash-on-cash: 4.29%
• DSCR: 1.19
• GRM: 6.1

CMA / ARV

• ARV (median comp): $208,235
• List price: $155,000
• Delta: -25.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -9.8%
• Equity multiple: 0.64×
• Total profit: $-15,538
• Equity at exit: $23,111

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,075
• Equity at exit: $13,402

Cash invested: $43,400 (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: 6.1×

Monthly cashflow live

• Estimated rent: $2,104 high
• Mortgage (P&I): −$813
• Tax from tax record: −$114 /mo · $1,365/yr
• Insurance: −$65
• HOA: −$516
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $155

Break-even live

Break-even rent $1,908

Max offer price $155,000

Occupancy floor 88%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4667 SE Salvatori Rd Unit 4667 Stuart, FL	2.0	2.0	800	$2,100	$2.62	23d	1	0.08mi
4939 SE Salvatori Rd Stuart, FL	3.0	2.0	1334	$2,500	$1.87	23d	1	0.11mi
5833 SE 47th Ave Stuart, FL	1.0	1.0	700	$1,500	$2.14	23d	2	0.24mi
4421 SE Village Rd Stuart, FL	2.0	2.0	1080	$2,100	$1.94	23d	1	0.28mi
6535 SE Federal Hwy Stuart, FL	2.0	2.0	967	$1,750	$1.81	23d	1	0.30mi
6531 SE Federal Hwy Stuart, FL	2.0	2.0	1100	$1,725	$1.57	14d	2	0.30mi
6551 SE Federal Hwy #104 Stuart, FL	2.0	2.0	969	$2,000	$2.06	14d	1	0.34mi
6551 SE Federal Hwy Stuart, FL	2.0	2.0	969	$1,825	$1.88	21d	2	0.34mi
6537 SE Federal Hwy #102 Stuart, FL	2.0	2.0	969	$1,845	$1.90	14d	1	0.34mi
6553 SE Federal Hwy Unit 10-102 Stuart, FL	2.0	2.0	969	$1,750	$1.81	23d	1	0.35mi
5803 SE Collins Ave Stuart, FL	2.0	2.0	874	$2,200	$2.52	23d	1	0.38mi
5795 SE Mitzi Ln Stuart, FL	3.0	2.0	1315	$3,000	$2.28	23d	1	0.46mi
5881 SE Windsong Ln Stuart, FL	2.0	2.5	1288	$2,100	$1.63	14d	1	0.52mi
5152 SE Club Way #104 Stuart, FL	2.0	2.0	1358	$7,500	$5.52	14d	1	0.55mi
5045 SE Primrose Way Stuart, FL	2.0	2.0	837	$1,900	$2.27	14d	1	0.55mi
5359 SE Dell St Stuart, FL	3.0	2.0	1272	$2,800	$2.20	23d	1	0.56mi
5393 SE 48th Ave Unit C Stuart, FL	1.0	1.0	750	$1,550	$2.07	23d	1	0.67mi
5156 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1434	$2,400	$1.67	23d	1	0.72mi
4987 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1434	$2,650	$1.85	23d	1	0.73mi
7073 SE Birchwood Ln Stuart, FL	2.0	2.0	1150	$1,750	$1.52	14d	1	0.88mi
4606 SE Binnacle Way Unit 1 Stuart, FL	2.0	1.0	928	$1,850	$1.99	14d	1	0.89mi
4885 SE Capstan Ave #27 Stuart, FL	2.0	2.0	1273	$2,500	$1.96	23d	1	1.02mi
5674 SE Riverboat Dr #131 Stuart, FL	2.0	2.5	1288	$2,400	$1.86	21d	1	1.21mi
5674 SE Riverboat Dr #131 Stuart, FL	2.0	2.5	1288	$2,600	$2.02	23d	1	1.21mi
5688 SE Pine Ave Stuart, FL	3.0	2.0	1255	$2,510	$2.00	14d	1	1.22mi
5601 SE Laguna Ave Stuart, FL	2.0	1.0	1080	$2,200	$2.04	14d	1	1.30mi
6215 SE Georgetown Pl Hobe Sound, FL	2.0	2.0	1202	$2,600	$2.16	23d	1	1.46mi
4404 SE Mulford Ln Stuart, FL	2.0	1.0	834	$2,500	$3.00	23d	1	1.47mi

HOA detail condo

• Monthly dues: $516 · $6,192/yr
• Likely covers: cablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 49 events

1. 2026-06-13
   statusdays on market $155,000 Pending 298 DOM
2. 2026-06-10
   days on market $155,000 Active Under Contract 297 DOM
3. 2026-06-09
   days on market $155,000 Active Under Contract 296 DOM
4. 2026-06-08
   days on market $155,000 Active Under Contract 295 DOM
5. 2026-06-07
   days on market $155,000 Active Under Contract 294 DOM
6. 2026-06-03
   days on market $155,000 Active Under Contract 290 DOM
7. 2026-06-03
   status $155,000 Active Under Contract 289 DOM
8. 2026-06-02
   days on market $155,000 Active 289 DOM
9. 2026-06-01
   days on market $155,000 Active 288 DOM
10. 2026-05-31
    days on market $155,000 Active 287 DOM
11. 2026-05-31
    days on market $155,000 Active 286 DOM
12. 2026-04-18
    price $155,000 808-char remark

    Show marketing remark (808 chars)

    Price Reduced PLUS Buyer Credit! Outstanding Value! 2/2 corner unit w/1 car carport in South Stuart area of Twin Lakes. Seller will give a $5,000 credit to Buyer for Buyer's closing costs OR improvements. Roof 2022, Partial PGT impact windows 2022, A/C 2024, Bathtub 2022. Assigned covered carport space, close to unit. 2nd floor location w/easy stairs w/landing, windows on every side & no one above you. Kitchen opens onto dining area/LR. Split BR plan. W & D in closet area. Patio/FL room w/white single hung windows + storage room. Active 55+ comm. w/pool, fitness area, tennis/pickleball, activities & more!. Dues incl. bldg. ins, cable, common area maint, reserves & amenities. 1 pet allowed up to 12 lbs. No waiting period after purchase for rentals. Enjoy the good life at Twin Lakes!

13. 2026-01-30
    price $160,000 808-char remark

    Show marketing remark (808 chars)

    Price Reduced PLUS Buyer Credit! Outstanding Value! 2/2 corner unit w/1 car carport in South Stuart area of Twin Lakes. Seller will give a $5,000 credit to Buyer for Buyer's closing costs OR improvements. Roof 2022, Partial PGT impact windows 2022, A/C 2024, Bathtub 2022. Assigned covered carport space, close to unit. 2nd floor location w/easy stairs w/landing, windows on every side & no one above you. Kitchen opens onto dining area/LR. Split BR plan. W & D in closet area. Patio/FL room w/white single hung windows + storage room. Active 55+ comm. w/pool, fitness area, tennis/pickleball, activities & more!. Dues incl. bldg. ins, cable, common area maint, reserves & amenities. 1 pet allowed up to 12 lbs. No waiting period after purchase for rentals. Enjoy the good life at Twin Lakes!

14. 2025-10-17
    price $164,000 808-char remark

    Show marketing remark (808 chars)

    Price Reduced PLUS Buyer Credit! Outstanding Value! 2/2 corner unit w/1 car carport in South Stuart area of Twin Lakes. Seller will give a $5,000 credit to Buyer for Buyer's closing costs OR improvements. Roof 2022, Partial PGT impact windows 2022, A/C 2024, Bathtub 2022. Assigned covered carport space, close to unit. 2nd floor location w/easy stairs w/landing, windows on every side & no one above you. Kitchen opens onto dining area/LR. Split BR plan. W & D in closet area. Patio/FL room w/white single hung windows + storage room. Active 55+ comm. w/pool, fitness area, tennis/pickleball, activities & more!. Dues incl. bldg. ins, cable, common area maint, reserves & amenities. 1 pet allowed up to 12 lbs. No waiting period after purchase for rentals. Enjoy the good life at Twin Lakes!

15. 2025-08-17
    listed $170,000 Active 808-char remark

    Show marketing remark (808 chars)

    Price Reduced PLUS Buyer Credit! Outstanding Value! 2/2 corner unit w/1 car carport in South Stuart area of Twin Lakes. Seller will give a $5,000 credit to Buyer for Buyer's closing costs OR improvements. Roof 2022, Partial PGT impact windows 2022, A/C 2024, Bathtub 2022. Assigned covered carport space, close to unit. 2nd floor location w/easy stairs w/landing, windows on every side & no one above you. Kitchen opens onto dining area/LR. Split BR plan. W & D in closet area. Patio/FL room w/white single hung windows + storage room. Active 55+ comm. w/pool, fitness area, tennis/pickleball, activities & more!. Dues incl. bldg. ins, cable, common area maint, reserves & amenities. 1 pet allowed up to 12 lbs. No waiting period after purchase for rentals. Enjoy the good life at Twin Lakes!

16. 2025-06-06
    historical
17. 2025-02-21
    price $175,000
18. 2025-02-02
    price $190,000
19. 2025-01-09
    listed $200,000 Active
20. 2025-01-04
    historical $1,800
21. 2024-11-24
    listed $1,800
22. 2024-08-28
    historical $1,800
23. 2024-08-14
    listed $1,800
24. 2020-11-06
    soldstatus $121,999
25. 2020-11-03
    soldstatus $121,999 Closed
26. 2020-10-05
    historical Contingent
27. 2020-09-11
    price $121,999
28. 2020-09-11
    status Active
29. 2020-09-01
    historical
30. 2020-08-20
    price $125,900
31. 2020-07-30
    price $129,999
32. 2020-06-11
    price $135,000
33. 2020-06-11
    status Active
34. 2020-06-11
    historical
35. 2020-04-24
    price $137,000
36. 2020-03-11
    listed $142,000 Active
37. 2016-06-26
    historical
38. 2013-09-21
    historical
39. 2006-03-23
    listed $153,900
40. 2006-03-23
    listed $157,500
41. 2005-05-04
    soldstatus $120,000
42. 2005-05-03
    soldstatus $120,000
43. 2005-05-02
    price $129,500
44. 2005-05-02
    soldstatus $120,000
45. 2005-04-03
    historical
46. 2005-03-01
    listed $120,000
47. 2005-03-01
    listed $129,500
48. 1998-12-02
    soldstatus $46,000
49. 1989-04-21
    soldstatus $49,000

ⓘ 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: $1,365 · $114/mo
• Projected year-2 tax: $1,365 · $114/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,253
• − Mortgage interest: −$8,682
• − Property taxes: −$1,365
• − Insurance: −$775
• − Repairs & maintenance: −$2,020
• − Management: −$2,020
• − HOA: −$6,192
• − Depreciation: −$4,509
• Taxable loss: −$311
• Est. tax savings @ 24.0%: +$75
• After-tax cash flow: $1,938/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

+216.3% since first listed

38 events — show timeline

• 2026-04-18 Price Changed $155,000 Beaches MLS
• 2026-01-30 Price Changed $160,000 Beaches MLS
• 2025-10-17 Price Changed $164,000 Beaches MLS
• 2025-08-17 Listed $170,000 Beaches MLS
• 2025-06-06 Listing Removed — MARMLS
• 2025-02-21 Price Changed $175,000 MARMLS
• 2025-02-02 Price Changed $190,000 MARMLS
• 2025-01-09 Listed $200,000 MARMLS
• 2025-01-04 Rental Removed $1,800 MARMLS
• 2024-11-24 Listed for Rent $1,800 MARMLS
• 2024-08-28 Rental Removed $1,800 MARMLS
• 2024-08-14 Listed for Rent $1,800 MARMLS
• 2020-11-06 Sold (Public Records) $121,999 Public Records
• 2020-11-03 Sold (MLS) $121,999 Beaches MLS
• 2020-10-05 Contingent — Beaches MLS
• 2020-09-11 Price Changed $121,999 Beaches MLS
• 2020-09-11 Relisted — Beaches MLS
• 2020-09-01 Listing Removed — Beaches MLS
• 2020-08-20 Price Changed $125,900 Beaches MLS
• 2020-07-30 Price Changed $129,999 Beaches MLS
• 2020-06-11 Price Changed $135,000 Beaches MLS
• 2020-06-11 Relisted — Beaches MLS
• 2020-06-11 Listing Removed — Beaches MLS
• 2020-04-24 Price Changed $137,000 Beaches MLS
• 2020-03-11 Listed $142,000 Beaches MLS
• 2016-06-26 Listing Removed — MCRTC
• 2013-09-21 Listing Removed — Beaches MLS
• 2006-03-23 Listed $157,500 MCRTC
• 2006-03-23 Listed $153,900 Beaches MLS
• 2005-05-04 Sold (Public Records) $120,000 Public Records
• 2005-05-03 Sold (MLS) $120,000 Beaches MLS
• 2005-05-02 Sold (MLS) $120,000 MCRTC
• 2005-05-02 Price Changed $129,500 MCRTC
• 2005-04-03 Listing Removed — Beaches MLS
• 2005-03-01 Listed $129,500 Beaches MLS
• 2005-03-01 Listed $120,000 MCRTC
• 1998-12-02 Sold (Public Records) $46,000 Public Records
• 1989-04-21 Sold (Public Records) $49,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $1,365 · -1.0% YoY. Source: county tax records.