2929 SE Ocean Blvd Unit 142-3 · Stuart, FL 34996

$125,000

2 bd · 2.0 ba · 1,005 sqft · Condo public records · 15 Days on market

Built 1972 $576/mo HOA · 22% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This could be your slice of paradise. Immaculate two-bedroom, two-bathroom unit on the first floor of building 142 in Cedar Pointe Village 8. Enjoy cooking in the crisp white kitchen with tile floors and white appliances. In lieu of a dishwasher, owner opted to use the space for extra storage and the plumbing is still there. The primary bedroom has a sliding glass door to the porch. Laminate floors in the living room and dining area add a fresh look. Roof installed 2020. Community laundry and storage closet conveniently located next to the unit. The clubhouse, pool, and shuffleboard are nearby. One assigned parking space. Visit www. cpvillage8.com for community details and documents. Just minutes to shopping, restaurants, downtown Stuart and beautiful beaches.

Key facts

• Scenic riverwalk
• Community pool
• Florida room

Tags

• FLORIDA ROOM
• COMMUNITY POOL
• HISTORIC DOWNTOWN STUART
• SCENIC RIVERWALK

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $125k.

Deal economics

• At list price, monthly cash flow is $586 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 3.5% in Stuart — 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 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: 252 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

Forward outlook

• In year one you build about $13k of equity ($864 loan paydown + $12k 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 $35k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y 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.

Risks & watch-outs

• Watch-outs: HOA is 22% 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 $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 2.06% ✓
• Cap rate: 11.92%
• Cash-on-cash: 20.09%
• DSCR: 1.89
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 39.4%
• Equity multiple: 4.02×
• Total profit: $105,799
• Equity at exit: $112,610

10-year hold

• IRR: 34.0%
• Equity multiple: 9.09×
• Total profit: $283,009
• Equity at exit: $242,848

Cash invested: $35,000 (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 34996

• Home prices YoY: 2.1%
• Active inventory: 252
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,581 high
• Mortgage (P&I): −$656
• Tax from tax record: −$170 /mo · $2,035/yr
• Insurance: −$52
• HOA: −$576
• Vacancy / Maint / Mgmt: −$542
• Net cashflow: $586

Break-even live

Break-even rent $1,839

Max offer price $125,000

Occupancy floor 72%

Sensitivity live

Price	-10% $657	-5% $621	+0% $586	+5% $551	+10% $515
Rent	-10% $382	-5% $484	+0% $586	+5% $688	+10% $790
Rate	-1.0pp $649	-0.5pp $618	base $586	+0.5pp $554	+1.0pp $521

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2929 SE Ocean Blvd Unit 130 Stuart, FL	2.0	2.0	1005	$1,800	$1.79	25d	1	0.03mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	16d	8	0.16mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	25d	6	0.16mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,258	$2.55	16d	12	0.26mi
262 SE Monterey Ave Stuart, FL	3.0	1.0	1001	$3,500	$3.50	25d	1	0.30mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,900	$2.00	16d	3	0.38mi
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	16d	3	0.40mi
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$2,600	$2.00	25d	4	0.43mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	25d	1	0.47mi
333 SE Martin Ave Unit 1F Stuart, FL	2.0	1.0	778	$1,800	$2.31	25d	1	0.61mi
1196 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1309	$4,300	$3.28	25d	1	0.73mi
217 SE Coconut Ave Stuart, FL	2.0	1.0	1197	$5,000	$4.18	25d	1	1.14mi
1800 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1044	$2,600	$2.49	25d	3	1.22mi

HOA detail condo

• Monthly dues: $576 · $6,912/yr
• Likely covers: poolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-03-26
   status Pending
2. 2025-11-03
   listed $125,000 Active
3. 2023-11-21
   soldstatus $222,143
4. 2023-11-15
   soldstatus $165,000 Closed 770-char remark

   Show marketing remark (770 chars)

   This could be your slice of paradise. Immaculate two-bedroom, two-bathroom unit on the first floor of building 142 in Cedar Pointe Village 8. Enjoy cooking in the crisp white kitchen with tile floors and white appliances. In lieu of a dishwasher, owner opted to use the space for extra storage and the plumbing is still there. The primary bedroom has a sliding glass door to the porch. Laminate floors in the living room and dining area add a fresh look. Roof installed 2020. Community laundry and storage closet conveniently located next to the unit. The clubhouse, pool, and shuffleboard are nearby. One assigned parking space. Visit www. cpvillage8.com for community details and documents. Just minutes to shopping, restaurants, downtown Stuart and beautiful beaches.

5. 2023-10-29
   status Pending 770-char remark

   Show marketing remark (770 chars)

   This could be your slice of paradise. Immaculate two-bedroom, two-bathroom unit on the first floor of building 142 in Cedar Pointe Village 8. Enjoy cooking in the crisp white kitchen with tile floors and white appliances. In lieu of a dishwasher, owner opted to use the space for extra storage and the plumbing is still there. The primary bedroom has a sliding glass door to the porch. Laminate floors in the living room and dining area add a fresh look. Roof installed 2020. Community laundry and storage closet conveniently located next to the unit. The clubhouse, pool, and shuffleboard are nearby. One assigned parking space. Visit www. cpvillage8.com for community details and documents. Just minutes to shopping, restaurants, downtown Stuart and beautiful beaches.

6. 2023-10-14
   historical Active Under Contract 770-char remark

   Show marketing remark (770 chars)

   This could be your slice of paradise. Immaculate two-bedroom, two-bathroom unit on the first floor of building 142 in Cedar Pointe Village 8. Enjoy cooking in the crisp white kitchen with tile floors and white appliances. In lieu of a dishwasher, owner opted to use the space for extra storage and the plumbing is still there. The primary bedroom has a sliding glass door to the porch. Laminate floors in the living room and dining area add a fresh look. Roof installed 2020. Community laundry and storage closet conveniently located next to the unit. The clubhouse, pool, and shuffleboard are nearby. One assigned parking space. Visit www. cpvillage8.com for community details and documents. Just minutes to shopping, restaurants, downtown Stuart and beautiful beaches.

7. 2023-09-11
   listed $172,000 Active 770-char remark

   Show marketing remark (770 chars)

   This could be your slice of paradise. Immaculate two-bedroom, two-bathroom unit on the first floor of building 142 in Cedar Pointe Village 8. Enjoy cooking in the crisp white kitchen with tile floors and white appliances. In lieu of a dishwasher, owner opted to use the space for extra storage and the plumbing is still there. The primary bedroom has a sliding glass door to the porch. Laminate floors in the living room and dining area add a fresh look. Roof installed 2020. Community laundry and storage closet conveniently located next to the unit. The clubhouse, pool, and shuffleboard are nearby. One assigned parking space. Visit www. cpvillage8.com for community details and documents. Just minutes to shopping, restaurants, downtown Stuart and beautiful beaches.

8. 2020-08-31
   soldstatus $123,000
9. 2020-08-24
   soldstatus $123,000 Closed 428-char remark

   Show marketing remark (428 chars)

   Desired First Floor condo fully furnished, move-in ready with a garden view from the patio. Located in Cedar Point (Village 8), walking distance to the pool & community clubhouse. NEW A/C (Champion), laminated floors in living, tile in kitchen with updated White Caesar Stone counter top & white appliances (5yrs old). Convenient location with restaurant, shopping, and close to beach and historical downtown Stuart.

10. 2020-07-19
    historical Active Under Contract 428-char remark

    Show marketing remark (428 chars)

    Desired First Floor condo fully furnished, move-in ready with a garden view from the patio. Located in Cedar Point (Village 8), walking distance to the pool & community clubhouse. NEW A/C (Champion), laminated floors in living, tile in kitchen with updated White Caesar Stone counter top & white appliances (5yrs old). Convenient location with restaurant, shopping, and close to beach and historical downtown Stuart.

11. 2020-05-30
    price $125,000 428-char remark

    Show marketing remark (428 chars)

    Desired First Floor condo fully furnished, move-in ready with a garden view from the patio. Located in Cedar Point (Village 8), walking distance to the pool & community clubhouse. NEW A/C (Champion), laminated floors in living, tile in kitchen with updated White Caesar Stone counter top & white appliances (5yrs old). Convenient location with restaurant, shopping, and close to beach and historical downtown Stuart.

12. 2019-12-13
    listed $129,900 Active 428-char remark

    Show marketing remark (428 chars)

    Desired First Floor condo fully furnished, move-in ready with a garden view from the patio. Located in Cedar Point (Village 8), walking distance to the pool & community clubhouse. NEW A/C (Champion), laminated floors in living, tile in kitchen with updated White Caesar Stone counter top & white appliances (5yrs old). Convenient location with restaurant, shopping, and close to beach and historical downtown Stuart.

13. 2019-09-02
    historical
14. 2019-03-01
    listed $133,900 Active
15. 2016-01-11
    price $55,000
16. 2014-02-06
    soldstatus $55,000
17. 2014-01-31
    price $59,900
18. 2014-01-31
    soldstatus $55,000
19. 2013-09-06
    listed $59,900
20. 2005-10-07
    soldstatus $144,900
21. 2005-08-19
    soldstatus $144,900
22. 2005-07-01
    listed $144,900
23. 2003-05-09
    soldstatus $32,900
24. 2003-05-09
    soldstatus $32,900
25. 1973-02-01
    soldstatus $19,500

ⓘ 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: $2,035 · $170/mo
• Projected year-2 tax: $2,035 · $170/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 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 1/10 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,974
• − Mortgage interest: −$7,002
• − Property taxes: −$2,035
• − Insurance: −$625
• − Repairs & maintenance: −$2,478
• − Management: −$2,478
• − HOA: −$6,912
• − Depreciation: −$3,636
• Taxable income: $5,808
• Est. tax owed @ 24.0%: −$1,394
• After-tax cash flow: $5,637/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 — 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 · 165,223 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: 247.0

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 (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: —

Market trends

• HPI YoY: ▲ 13.71%
• Current HPI: 658.96
• 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

+541.0% since first listed

25 events — show timeline

• 2026-03-26 Pending — Beaches MLS
• 2025-11-03 Listed $125,000 Beaches MLS
• 2023-11-21 Sold (Public Records) $222,143 Public Records
• 2023-11-15 Sold (MLS) $165,000 MCRTC
• 2023-10-29 Pending — MCRTC
• 2023-10-14 Contingent — MCRTC
• 2023-09-11 Listed $172,000 MCRTC
• 2020-08-31 Sold (Public Records) $123,000 Public Records
• 2020-08-24 Sold (MLS) $123,000 MARMLS
• 2020-07-19 Contingent — MARMLS
• 2020-05-30 Price Changed $125,000 MARMLS
• 2019-12-13 Listed $129,900 MARMLS
• 2019-09-02 Listing Removed — MARMLS
• 2019-03-01 Listed $133,900 MARMLS
• 2016-01-11 Price Changed $55,000 MCRTC
• 2014-02-06 Sold (Public Records) $55,000 Public Records
• 2014-01-31 Sold (MLS) $55,000 MCRTC
• 2014-01-31 Price Changed $59,900 MCRTC
• 2013-09-06 Listed $59,900 MCRTC
• 2005-10-07 Sold (Public Records) $144,900 Public Records
• 2005-08-19 Sold (MLS) $144,900 MCRTC
• 2005-07-01 Listed $144,900 MCRTC
• 2003-05-09 Sold (Public Records) $32,900 Public Records
• 2003-05-09 Sold (Public Records) $32,900 Public Records
• 1973-02-01 Sold (Public Records) $19,500 Public Records

Property tax history

+8.2%/yr

Latest (2025): $2,035 · -2.5% YoY. Source: county tax records.