7203 Palomar Pkwy · Lakewood Park, FL 34951

$330,000

3 bd · 2.0 ba · 1,665 sqft · Land · 33 Days on market

Built 2026 0.41 ac lot

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Why this score? — see what drove the F 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 +7.8/30.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wooded lot with old oaks. Build a new home on almost 1/2 acre or build an investment rental. Could be used as motherinlaw qtrs attached to home for sale #R2988168 or keep as is for larger homesite!

Key facts

• Private bath
• Shaker cabinets
• Granite countertops

Tags

• IMPRESSIVE KITCHEN
• SHAKER CABINETS
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• SMOOTH-TOP RANGE
• PRIVATE BATH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $330k.

Deal economics

• At list price, monthly cash flow is $-434 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $267k (19.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $242k (26.6% below list).
• Recommended offer: $242k (26.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#719 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• 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: Manatee Academy K-8 (math 53% / reading 51%, grade C-, #990 of 2,144 statewide, top 48%, 1,664 students, 65% FRL); Southern Oaks Middle School (math 39% / reading 43%, grade F, #353 of 571 statewide, top 63%, 894 students, 76% FRL); Fort Pierce Central High School (math 15% / reading 45%, grade F, #441 of 667 statewide, top 67%, 3,091 students, 62% FRL).
• Market conditions: 296 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• At $2,422/mo this rent would consume 46% of the median local household income ($63k/yr) (locally 140% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($320k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $52k; list at $330k implies a 535% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $242,150 (26.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.73% ✗
• Cap rate: 4.96%
• Cash-on-cash: -4.77%
• DSCR: 0.79
• GRM: 11.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -25.9%
• Equity multiple: 0.12×
• Total profit: $-81,040
• Equity at exit: $49,204

10-year hold

• IRR: -22.5%
• Equity multiple: -0.15×
• Total profit: $-105,850
• Equity at exit: $28,532

Cash invested: $92,400 (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 34951

• Home prices YoY: -23.6%
• Active inventory: 296
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $2,422 high
• Mortgage (P&I): −$1,731
• Tax est. 1.5%: −$412 /mo · $4,950/yr
• Insurance: −$138
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$509
• Net cashflow: $-434

Break-even live

Break-even rent $2,971

Max offer price $267,195

Occupancy floor —

Sensitivity live

Price	-10% $-206	-5% $-320	+0% $-434	+5% $-548	+10% $-662
Rent	-10% $-625	-5% $-530	+0% $-434	+5% $-338	+10% $-243
Rate	-1.0pp $-268	-0.5pp $-350	base $-434	+0.5pp $-520	+1.0pp $-607

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5234 Oakland Lake Cir Fort Pierce, FL	3.0	2.0	1460	$2,300	$1.58	15d	1	0.08mi
6602 Palomar Pkwy Unit A Fort Pierce, FL	3.0	1.0	1200	$2,000	$1.67	25d	1	0.42mi
5010 Killarney Ave Unit A Fort Pierce, FL	2.0	1.0	1720	$1,500	$0.87	25d	1	0.45mi
5510 Shannon Dr Fort Pierce, FL	3.0	2.0	1594	$2,350	$1.47	15d	1	0.61mi
5082 Armina Pl Fort Pierce, FL	3.0	2.0	1464	$3,000	$2.05	25d	1	0.70mi
5154 Armina Pl Fort Pierce, FL	3.0	2.0	1477	$2,350	$1.59	15d	1	0.71mi
5226 Armina Pl Fort Pierce, FL	4.0	2.0	2003	$2,950	$1.47	23d	1	0.76mi
7704 Pacific Ave Fort Pierce, FL	3.0	2.0	1719	$2,500	$1.45	15d	1	0.85mi
8674 Pavia St Fort Pierce, FL	4.0	2.0	1824	$2,600	$1.43	23d	1	0.90mi
7403 Winter Garden Pkwy Fort Pierce, FL	3.0	2.0	1372	$2,200	$1.60	23d	1	0.95mi
6906 Ocala Ave Fort Pierce, FL	3.0	2.0	1175	$1,955	$1.66	15d	1	1.19mi
5642 Sunberry Cir Fort Pierce, FL	3.0	2.0	1377	$1,950	$1.42	25d	1	1.36mi
7500 Pensacola Rd Fort Pierce, FL	3.0	2.0	1125	$2,150	$1.91	15d	1	1.43mi

Listing history 23 events

1. 2026-02-18
   status Pending
2. 2026-02-18
   price $330,000
3. 2026-02-05
   price $363,990
4. 2026-01-16
   listed $343,990 Active
5. 2025-03-28
   soldstatus $52,000
6. 2022-06-30
   historical
7. 2022-06-14
   listed $20,000 Active
8. 2014-06-03
   historical 197-char remark

   Show marketing remark (197 chars)

   Wooded lot with old oaks. Build a new home on almost 1/2 acre or build an investment rental. Could be used as motherinlaw qtrs attached to home for sale #R2988168 or keep as is for larger homesite!

9. 2013-09-22
   historical
10. 2010-10-04
    soldstatus $10,000
11. 2010-09-30
    soldstatus $5,000
12. 2010-09-27
    historical
13. 2010-06-12
    listed $8,000
14. 2009-01-14
    listed $29,900 197-char remark

    Show marketing remark (197 chars)

    Wooded lot with old oaks. Build a new home on almost 1/2 acre or build an investment rental. Could be used as motherinlaw qtrs attached to home for sale #R2988168 or keep as is for larger homesite!

15. 2004-12-07
    soldstatus $55,000
16. 2004-11-17
    soldstatus $55,000
17. 2004-10-26
    historical
18. 2004-08-26
    listed $62,900
19. 2003-07-22
    soldstatus $10,000
20. 2003-07-15
    soldstatus $10,000
21. 2003-05-06
    historical
22. 2002-11-18
    listed $10,000
23. 2000-01-31
    listed $12,000

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,058
• − Mortgage interest: −$18,485
• − Property taxes: −$4,950
• − Insurance: −$2,448
• − Repairs & maintenance: −$2,325
• − Management: −$2,325
• − Depreciation: −$9,600
• Taxable loss: −$11,074
• Est. tax savings @ 24.0%: +$2,658
• After-tax cash flow: $-2,551/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 — Lakewood Park

• Score: 63/100
• State rank: #719
• US rank: #15407

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakewood Park, FL
• County: Saint Lucie County · 337,150 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 17,148
• Household income: $63,122
• Rent vs Own: 11.7% rent · 88.3% own
• Severe rent burden: 140.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Black 13% Hispanic / Latino 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Romanian 3% Italian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica, Vietnam
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 3% Vietnamese 1%

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: ▼ -106.06%
• Current HPI: 343.1376
• Rent YoY: —
• 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

+2650.0% since first listed

23 events — show timeline

• 2026-02-18 Pending — RAIRCMLS
• 2026-02-18 Price Changed $330,000 RAIRCMLS
• 2026-02-05 Price Changed $363,990 RAIRCMLS
• 2026-01-16 Listed $343,990 RAIRCMLS
• 2025-03-28 Sold (Public Records) $52,000 Public Records
• 2022-06-30 Listing Removed — Beaches MLS
• 2022-06-14 Listed $20,000 Beaches MLS
• 2014-06-03 Listing Removed — Beaches MLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2010-10-04 Sold (Public Records) $10,000 Public Records
• 2010-09-30 Sold (MLS) $5,000 Beaches MLS
• 2010-09-27 Listing Removed — Beaches MLS
• 2010-06-12 Listed $8,000 Beaches MLS
• 2009-01-14 Listed $29,900 Beaches MLS
• 2004-12-07 Sold (Public Records) $55,000 Public Records
• 2004-11-17 Sold (MLS) $55,000 Beaches MLS
• 2004-10-26 Listing Removed — Beaches MLS
• 2004-08-26 Listed $62,900 Beaches MLS
• 2003-07-22 Sold (Public Records) $10,000 Public Records
• 2003-07-15 Sold (MLS) $10,000 Beaches MLS
• 2003-05-06 Listing Removed — Beaches MLS
• 2002-11-18 Listed $10,000 Beaches MLS
• 2000-01-31 Listed $12,000 Beaches MLS

Property tax history

+11.8%/yr

Latest (2025): $516 · +5.0% YoY. Source: county tax records.