6648 Gaviota · Vero Beach South, FL 34951

$209,900

2 bd · 2.0 ba · 1,714 sqft · SingleFamily public records · 30 Days on market

Built 1999 6,098 sqft lot Est $195k · 7% over

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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 +21.9/30.0
• DSCR +7.0/10.0
• 1% rule +5.2/10.0
• ARV discount +4.2/15.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully updated 3-bedroom, 2-bath home located in the up-and-coming area of Fort Pierce within a desirable 55+ community. This move-in ready property features a newer roof (2021), newer A/C (2020), and newer water heater for added peace of mind. Inside, you’ll find stylish porcelain tile flooring throughout, fully renovated tiled bathrooms and showers, quartz countertops, and newer stainless steel appliances in the kitchen. The bright and functional layout offers modern comfort with tasteful upgrades throughout. Enjoy the Florida lifestyle from the large screened-in patio and covered porch—perfect for relaxing or entertaining. Conveniently located near shopping, dining, and major roadways, this home is ideal for year-round living or a seasonal getaway in one of Fort Pierce’s growing areas.

Key facts

• Quartz countertops
• Newer a c
• Newer roof

Tags

• NEWER ROOF
• NEWER A C
• NEWER WATER HEATER
• PORCELAIN TILE FLOORING
• QUARTZ COUNTERTOPS
• LARGE SCREENED IN PATIO

Property features AI

Finance

• Financial info: Property is on a land lease (monthly land lease in effect, expires 2027)
• HOA & community: Senior community; Pets allowed (restrictions may apply)

Exterior

• Parking: Attached 2-car garage; Concrete driveway; Two covered parking spaces
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Phone available
• Home design: Single-family residence; One-story; Resale property; Faces east
• Construction: Block/CBS construction; Shingle roof
• Exterior features: Covered patio; Screened patio; Patio; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Tile
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Split bedroom layout
• Laundry & utility: Inside laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $207k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 4.3% in Vero Beach South — 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 78/100 on livability (#163 in FL, #2,445 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A; Watch: amenities F.
• 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.
• Market conditions: 292 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 41% of the median local income ($63k/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 $6k 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 30 days — a 2% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 5y 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 $166k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $206,751 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.02% ✓
• Cap rate: 8.18%
• Cash-on-cash: 6.75%
• DSCR: 1.30
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $195,396
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6631 Nuevo Lagos	0.04mi	3/2.0 (+1)	1,714 (0%)	21mo	$175,000	$102	76
6655 Alemendra St	0.14mi	2/2.0	1,530 (-11%)	2mo	$175,000	$114	74
6449 Alemendra St	0.32mi	3/2.5 (+1)	1,753 (+2%)	5mo	$309,000	$176	70
6539 Yedra Ave	0.32mi	2/2.5	1,839 (+7%)	2mo	$309,000	$168	69
14374 Azucena Court Ct	0.27mi	2/2.0	1,599 (-7%)	9mo	$175,000	$109	69
14126 Cisne Cir	0.24mi	2/2.0	1,487 (-13%)	7mo	$150,000	$101	61
14434 Azucena Ct	0.30mi	2/2.0	1,487 (-13%)	24mo	$170,000	$114	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.78×
• Total profit: $-12,984
• Equity at exit: $31,297

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $15,706
• Equity at exit: $18,148

Cash invested: $58,772 (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: 292
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,140 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$172 /mo · $2,058/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $331

Break-even live

Break-even rent $1,721

Max offer price $209,900

Occupancy floor 80%

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: $52,475
• Closing costs: $6,297
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6765 Spanish Lakes Blvd Fort Pierce, FL	2.0	2.0	1368	$2,500	$1.83	23d	1	0.33mi

Listing history 34 events

1. 2026-06-18
   days on market $209,900 Active 30 DOM
2. 2026-06-17
   days on market $209,900 Active 29 DOM
3. 2026-06-16
   days on market $209,900 Active 28 DOM
4. 2026-06-15
   days on market $209,900 Active 27 DOM
5. 2026-06-14
   days on market $209,900 Active 25 DOM
6. 2026-06-13
   days on market $209,900 Active 24 DOM
7. 2026-06-10
   days on market $209,900 Active 22 DOM
8. 2026-06-09
   days on market $209,900 Active 21 DOM
9. 2026-06-08
   days on market $209,900 Active 20 DOM
10. 2026-06-07
    days on market $209,900 Active 19 DOM
11. 2026-06-05
    days on market $209,900 Active 16 DOM
12. 2026-06-03
    days on market $209,900 Active 15 DOM
13. 2026-06-02
    days on market $209,900 Active 14 DOM
14. 2026-06-01
    days on market $209,900 Active 13 DOM
15. 2026-05-31
    days on market $209,900 Active 12 DOM
16. 2026-05-30
    days on market $209,900 Active 11 DOM
17. 2026-05-21
    listed $209,900 Active 838-char remark

    Show marketing remark (838 chars)

    Welcome to this beautifully updated 3-bedroom, 2-bath home located in the up-and-coming area of Fort Pierce within a desirable 55+ community. This move-in ready property features a newer roof (2021), newer A/C (2020), and newer water heater for added peace of mind. Inside, you’ll find stylish porcelain tile flooring throughout, fully renovated tiled bathrooms and showers, quartz countertops, and newer stainless steel appliances in the kitchen. The bright and functional layout offers modern comfort with tasteful upgrades throughout. Enjoy the Florida lifestyle from the large screened-in patio and covered porch—perfect for relaxing or entertaining. Conveniently located near shopping, dining, and major roadways, this home is ideal for year-round living or a seasonal getaway in one of Fort Pierce’s growing areas.

18. 2026-05-19
    listed $209,900 Active
19. 2026-03-16
    historical
20. 2025-09-15
    price $210,000
21. 2025-08-22
    price $220,000
22. 2025-08-01
    price $225,000
23. 2025-07-17
    listed $230,000 Active
24. 2022-03-04
    soldstatus $166,000
25. 2022-03-02
    soldstatus $166,000 Closed
26. 2022-03-02
    soldstatus $166,000 Closed
27. 2022-01-18
    status Pending
28. 2022-01-18
    status Pending
29. 2022-01-10
    status Active
30. 2022-01-10
    status Active
31. 2022-01-03
    status Pending
32. 2022-01-03
    status Pending
33. 2021-12-28
    listed $162,000 Active
34. 2021-12-28
    listed $162,000 Active

ⓘ 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: $2,058 · $172/mo
• Projected year-2 tax: $2,058 · $172/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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 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: $25,675
• − Mortgage interest: −$11,758
• − Property taxes: −$2,058
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,054
• − Management: −$2,054
• − Depreciation: −$6,106
• Taxable income: $595
• Est. tax owed @ 24.0%: −$143
• After-tax cash flow: $3,824/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 — Vero Beach South

• Score: 78/100
• State rank: #163
• US rank: #2445

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• 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

+29.6% since first listed

18 events — show timeline

• 2026-05-21 Listed $209,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Listed $209,900 Beaches MLS
• 2026-03-16 Listing Removed — Beaches MLS
• 2025-09-15 Price Changed $210,000 Beaches MLS
• 2025-08-22 Price Changed $220,000 Beaches MLS
• 2025-08-01 Price Changed $225,000 Beaches MLS
• 2025-07-17 Listed $230,000 Beaches MLS
• 2022-03-04 Sold (Public Records) $166,000 Public Records
• 2022-03-02 Sold (MLS) $166,000 MCRTC
• 2022-03-02 Sold (MLS) $166,000 Beaches MLS
• 2022-01-18 Pending — Beaches MLS
• 2022-01-18 Pending — MCRTC
• 2022-01-10 Relisted — Beaches MLS
• 2022-01-10 Relisted — MCRTC
• 2022-01-03 Pending — MCRTC
• 2022-01-03 Pending — Beaches MLS
• 2021-12-28 Listed $162,000 MCRTC
• 2021-12-28 Listed $162,000 Beaches MLS

Property tax history

+10.5%/yr

Latest (2025): $2,058 · +3.8% YoY. Source: county tax records.