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2950 SE Ocean Blvd Unit 14-1
A- Composite 83.73
Why this score? — see what drove the A- 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 +24.8/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • Appreciation +10.0/10.0
  • DSCR +8.0/10.0
  • Schools +5.2/10.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Rent growth +2.5/5.0

$135,900

2950 SE Ocean Blvd Unit 14-1 · Stuart, FL 34996
2 bd · 2.0 ba · 1,134 sqft · Condo public records · 85 Days on market
Built 1973 Good condition $120/sqft · 17% below area Est $164k · 17% under $675/mo HOA · 28% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to this first-floor corner 2-bedroom, 2-bath unit in the highly desirable 55+ Kingswood community. Filled with natural light, this spacious unit features generous bedrooms, abundant storage, and an assigned covered carport. Accordion shutters offer added peace of mind. Enjoy a large screened patio with a private garden view, perfect for morning coffee or evening relaxation. Kingswood offers resort-style amenities including tropical grounds, a pool, clubhouse, shuffleboard, walking trail, and putting green. Ideally located just minutes from Stuart's pristine beaches, charming Downtown Stuart, shopping, dining, and medical facilities. Move-in ready and perfectly positioned for easy coastal living.

Key facts

  • Private garden view
  • Accordion shutters
  • Large screened patio

Tags

FIRST FLOOR CORNER UNITASSIGNED COVERED CARPORTACCORDION SHUTTERSLARGE SCREENED PATIOPRIVATE GARDEN VIEWRESORT STYLE AMENITIES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $136k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $220 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $136k).
  • Recommended offer: $128k (6.0% below list) — sets the bar for market timing.

Location & tenants

  • Location reads 84/100 on livability (#39 in FL, #790 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, employment C-, amenities 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.
  • Zoned schools: J. D. Parker School of Technology (math 39% / reading 40%, grade F, #1,513 of 2,144 statewide, top 73%, 519 students, 72% FRL); Stuart Middle School (math 55% / reading 55%, grade B-, #180 of 571 statewide, top 32%, 867 students, 49% FRL); Jensen Beach High School (math 53% / reading 71%, grade B-, #98 of 667 statewide, top 15%, 1,584 students, 36% FRL).
  • Market conditions: 286 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 64d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

  • In year one you build about $15k of equity ($940 loan paydown + $14k appreciation (10.0% local appreciation)).
  • Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~3 years — after that, you're playing with house money.
  • By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 85 days — a 6% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 12y ago; this cycle's ask has dropped $9k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $45k; list at $136k implies a 202% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; HOA is 28% of rent.
  • Climate carrying-cost: major flood risk; 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 $127,746 (6.0% below list)

Questions for the listing agent

  1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  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 A-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?
  9. 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.
  10. 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.
  11. 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
1.79%
Cap rate
8.82%
Cash-on-cash
9.04%
DSCR
1.40
GRM
4.7

CMA / ARV

ARV (median comp)
$163,622
List price
$135,900
Delta
-16.94%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2950 SE Ocean Blvd Unit 6-3 0.11mi 2/2.0 1,134 (0%) 1mo $165,000 $146 94
2600 SE Ocean Blvd Unit Bb2 0.16mi 2/2.0 1,089 (-4%) 0mo $152,000 $140 86
2929 SE Ocean Blvd Unit 103-9 0.16mi 2/2.0 1,005 (-11%) 0mo $125,000 $124 73
2929 SE Ocean Blvd Unit 134-3 0.16mi 2/2.0 1,005 (-11%) 1mo $111,500 $111 73
2929 SE Ocean Blvd Unit 131-10 0.25mi 2/2.0 992 (-12%) 1mo $145,000 $146 67
282 SE Edgewood Dr 0.82mi 2/2.0 1,200 (+6%) 1mo $545,000 $454 55
1800 SE Saint Lucie Blvd Unit 5-101 0.79mi 2/2.0 1,051 (-7%) 1mo $205,000 $195 52
1800 SE Saint Lucie Blvd Unit 7-205 0.75mi 2/2.0 1,044 (-8%) 1mo $180,000 $172 51
175 SE Saint Lucie Blvd Unit E130 0.81mi 2/2.0 1,300 (+15%) 1mo $355,000 $273 40
175 SE St Lucie Blvd Unit D-2 0.82mi 2/2.0 1,300 (+15%) 1mo $305,000 $235 39
150 SE Four Winds Dr Unit B401 0.85mi 2/2.0 1,350 (+19%) 1mo $444,000 $329 39
351 SE Flamingo Ave 0.76mi 2/2.5 1,302 (+15%) 0mo $490,000 $376 38

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
29.5%
Equity multiple
3.33×
Total profit
$88,548
Equity at exit
$122,429
10-year hold
IRR
25.7%
Equity multiple
7.59×
Total profit
$250,725
Equity at exit
$264,024

Cash invested: $38,052 (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.

Active competition Active MLS

For sale now
5 active · 5 under contract
Median asking
$299,000 ($230/sqft)
Median days on market
93 d
This list price
lowest-priced of the active set
ARV vs active asking
-37.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34996

Home prices YoY
2.1%
Active inventory
286
Price-to-rent
4.7×

Monthly cashflow live

Estimated rent
$2,428 high interval (Pro) →
Mortgage (P&I)
$713
Tax from tax record
$187 /mo · $2,240/yr
Insurance
$57
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$675
Vacancy / Maint / Mgmt
$510
Net cashflow
$220

Break-even live

Break-even rent $2,149
Max offer price $135,900
Occupancy floor 86%

Sensitivity live

Price -10% $297 -5% $259 +0% $220 +5% $182 +10% $143
Rent -10% $29 -5% $124 +0% $220 +5% $316 +10% $412
Rate -1.0pp $289 -0.5pp $255 base $220 +0.5pp $185 +1.0pp $149

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
$33,975
Closing costs
$4,077
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 18 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2950 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 1035 $2,000 $1.93 15d 6 0.09mi
2950 SE Ocean Blvd Stuart, FL 2.0 2.0 1157 $1,800 $1.56 63d 3 0.09mi
2600 SE Ocean Blvd Stuart, FL 2.0 2.0 1089 $1,725 $1.58 15d 2 0.13mi
2600 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 951 $1,900 $2.00 63d 3 0.13mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.0–2.0 812 $2,400 $2.96 73d 6 0.22mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 850 $2,400 $2.82 15d 6 0.22mi
2929 SE Ocean Blvd Unit 130 Stuart, FL 2.0 2.0 1005 $1,800 $1.79 73d 1 0.37mi
1196 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1309 $4,300 $3.28 73d 1 0.37mi
300 SE Saint Lucie Blvd Stuart, FL 1.0–3.0 1.0–2.0 884 $2,214 $2.50 15d 14 0.53mi
262 SE Monterey Ave Stuart, FL 3.0 1.0 1001 $3,500 $3.50 73d 1 0.64mi
175 SE Saint Lucie Blvd Stuart, FL 2.0 2.0–2.5 1300 $2,800 $2.15 15d 5 0.73mi
333 SE Martin Ave Stuart, FL 2.0 1.0 778 $1,625 $2.09 15d 2 0.78mi
333 SE Martin Ave Unit 1F Stuart, FL 2.0 1.0 778 $1,800 $2.31 73d 1 0.78mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL 2.0 2.0 1044 $1,900 $1.82 15d 1 0.82mi
150 SE Four Winds Dr Unit B303 Stuart, FL 2.0 2.0 1359 $2,500 $1.84 73d 1 0.82mi
1800 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1044 $2,600 $2.49 73d 3 0.85mi
217 SE Coconut Ave Stuart, FL 2.0 1.0 1197 $4,750 $3.97 15d 1 1.30mi
3129 SE Indian St #3 Stuart, FL 2.0 1.5 986 $2,300 $2.33 73d 1 1.50mi

Property features AI

Finance

Other
Pets not allowed
HOA & community
Monthly HOA fee ($675) covering cable TV, insurance, grounds maintenance, pest control, trash, water, common areas and recreation facilityCommunity amenities: clubhouse, picnic area, parking, pool, shuffleboard court, community roomSenior community

Exterior

Parking
Assigned covered parkingDetached 1-car carport
Utilities
Public waterPublic sewerCable availableWater availableSewer available
Home design
CondominiumOne storyEntry-level living areaFaces north
Construction
Stucco/CBS constructionMansard and shingle roofBuilt as resale property
Exterior features
Covered patioScreened patioScreened porchPatioPorchNot waterfront

Interior

Kitchen
DisposalDishwasherElectric rangeRefrigerator
Bedrooms
2 bedrooms on the main level
Flooring
CarpetTileVinylWood
Bathrooms
2 full bathrooms on the main level
Heating & cooling
Central heatingCentral airCeiling fan(s)
Interior features
Built-in featuresEntrance foyerWalk-in closet(s)
Laundry & utility
In-unit laundry

HOA detail $675/mo · $8,100/yr condo

Likely covers
landscapingpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $135,900 Active 85 DOM
  2. 2026-08-07
    days on market $135,900 Active 84 DOM
  3. 2026-08-06
    days on market $135,900 Active 83 DOM
  4. 2026-08-05
    days on market $135,900 Active 82 DOM
  5. 2026-08-04
    days on market $135,900 Active 81 DOM
  6. 2026-08-03
    days on market $135,900 Active 80 DOM
  7. 2026-07-31
    days on market $135,900 Active 77 DOM
  8. 2026-07-30
    status $135,900 Active 75 DOM
  9. 2026-07-29
    days on market $135,900 Active Under Contract 75 DOM
  10. 2026-07-27
    days on market $135,900 Active Under Contract 73 DOM
  11. 2026-07-25
    statusdays on market $135,900 Active Under Contract 71 DOM
  12. 2026-07-23
    days on market $135,900 Active 69 DOM
  13. 2026-07-22
    days on market $135,900 Active 68 DOM
  14. 2026-07-21
    pricedays on market $135,900 Active 67 DOM
  15. 2026-07-18
    days on market $139,900 Active 64 DOM
  16. 2026-07-16
    days on market $139,900 Active 62 DOM
  17. 2026-07-16
    days on market $139,900 Active 61 DOM
  18. 2026-07-14
    days on market $139,900 Active 60 DOM
  19. 2026-07-13
    days on market $139,900 Active 59 DOM
  20. 2026-07-12
    days on market $139,900 Active 58 DOM
  21. 2026-07-11
    days on market $139,900 Active 57 DOM
  22. 2026-07-10
    days on market $139,900 Active 56 DOM
  23. 2026-07-09
    days on market $139,900 Active 55 DOM
  24. 2026-07-08
    days on market $139,900 Active 54 DOM
  25. 2026-07-07
    days on market $139,900 Active 53 DOM
  26. 2026-07-06
    days on market $139,900 Active 52 DOM
  27. 2026-07-05
    days on market $139,900 Active 51 DOM
  28. 2026-07-04
    days on market $139,900 Active 50 DOM
  29. 2026-07-03
    days on market $139,900 Active 49 DOM
  30. 2026-07-02
    days on market $139,900 Active 48 DOM
  31. 2026-07-01
    days on market $139,900 Active 47 DOM
  32. 2026-06-30
    price $139,900 Active 46 DOM
  33. 2026-06-30
    days on market $144,900 Active 46 DOM
  34. 2026-06-29
    days on market $144,900 Active 45 DOM
  35. 2026-06-28
    days on market $144,900 Active 44 DOM
  36. 2026-06-28
    days on market $144,900 Active 43 DOM
  37. 2026-06-27
    days on market $144,900 Active 42 DOM
  38. 2026-06-25
    days on market $144,900 Active 40 DOM
  39. 2026-06-23
    days on market $144,900 Active 38 DOM
  40. 2026-06-21
    days on market $144,900 Active 37 DOM
  41. 2026-06-18
    days on market $144,900 Active 34 DOM
  42. 2026-06-17
    days on market $144,900 Active 33 DOM
  43. 2026-06-16
    days on market $144,900 Active 32 DOM
  44. 2026-06-15
    days on market $144,900 Active 31 DOM
  45. 2026-06-14
    days on market $144,900 Active 29 DOM
  46. 2026-06-13
    days on market $144,900 Active 28 DOM
  47. 2026-06-10
    pricedays on market $144,900 Active 26 DOM
  48. 2026-06-09
    days on market $149,900 Active 25 DOM
  49. 2026-06-08
    days on market $149,900 Active 24 DOM
  50. 2026-06-07
    days on market $149,900 Active 23 DOM

ⓘ 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
$2,240 · $187/mo
Projected year-2 tax
$2,240 · $187/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 7/10 Severe FEMA zone X (unshaded) · 74% 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 2 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$29,130
− Mortgage interest
−$7,613
− Property taxes
−$2,240
− Insurance
−$1,477
− Repairs & maintenance
−$2,330
− Management
−$2,330
− HOA
−$8,100
− Depreciation
−$3,953
Taxable income
$1,086
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$261
After-tax cash flow
$2,383/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $5,670–$17,010 screening

This move-in ready townhouse in Kingswood community offers a good condition with minimal repairs needed and potential for value increase through exterior painting and gutter cleaning.

Components & finishes AI

Roof asphalt shingle · good

Value-add opportunities

  • Both Paint exterior — Fresh paint enhances curb appeal and property value
  • Both Clean gutters — Clean gutters prevent water damage and improve property value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary J. D. Parker School Of Technology F FL #1,513/2,144 Nat'l #19,648/41,679 Middle Stuart Middle School B- FL #180/571 Nat'l #2,482/14,009 High Jensen Beach High School B- FL #98/667 Nat'l #3,220/17,239

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
A Composite livability gradescore 84/100

Livability — Stuart

Score
84/100
State rank
#39
US rank
#790

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Stuart, FL
County
Martin County · 172,383 people
City population
65,812
Metro
Port St. Lucie, FL
Population (ZIP)
10,653
Household income
$83,929
Rent vs Own
16.0% rent · 84.0% own
Severe rent burden
24% of renters

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 (90%)
Race & ethnicity
White 90% Hispanic / Latino 7% Two or more races 5%
Hispanic origin (detail)
Puerto Rican 2%
Common ancestry
Italian 3% Romanian 3% Slovak 3%
Foreign-born
6% · Canada
Languages at home
94% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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

Price history

+567.7% since first listed
8 events — show timeline
  • 2026-06-12 Listed $144,900 MCRTC
  • 2026-06-09 Price Changed $144,900 Beaches MLS
  • 2026-05-27 Price Changed $149,900 Beaches MLS
  • 2026-05-15 Listed $155,900 Beaches MLS
  • 2014-07-01 Listing Removed Beaches MLS
  • 2014-05-19 Listed $85,000 Beaches MLS
  • 2014-03-25 Sold (Public Records) $45,000 Public Records
  • 1970-03-01 Sold (Public Records) $21,700 Public Records

Property tax history

+20.5%/yr

Latest (2025): $2,240 · -1.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…