608 Garden View Way NE · Jensen Beach, FL 34957

$69,900

2 bd · 1.0 ba · 648 sqft · Condo public records · 92 Days on market

Built 1975 $108/sqft · 157% above area $164/mo HOA · 7% of rent ↓ 13% since listing

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Why this score? — see what drove the B 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
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic opportunity !!Stop paying high lot-lease fees. This charming 2-bedroom, 1-bathroom home in the desirable Tropical Acres 55-plus community offers an exceptional value. There is NO LAND LEASE here, and the HOA fee is a remarkably low 164.50 per month. The home is sold turnkey and fully furnished, making it a perfect move-in ready retreat. It includes a rare 2-car carport for covered parking & extra storage. Residents enjoy a heated community pool and the unique benefit of on-site in parking for an RV or boat. The location is unbeatable, just minutes from the beaches and downtown Jensen Beach & also 10 minutes to charming historic downtown Stuart. Please note: 55-plus community, no pets, and no renting allowed. If you are looking for affordability and financial freedom in the heart of the Treasure Coast, this is it.

Key facts

• 3,267 sq ft lot
• 2 parking spots
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $70k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.
• Cap rate 26.8% vs local median 4.1% in Jensen Beach — 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 (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: amenities F, commute F, health & safety 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.
• Market conditions: Rents rising (+1.0%/yr); 539 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 39% of the median local income ($70k/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 $483 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 1.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-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?
8. 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.
9. 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.
10. 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: 3.27% ✓
• Cap rate: 26.78%
• Cash-on-cash: 73.17%
• DSCR: 4.26
• GRM: 2.5

CMA / ARV

• ARV (median comp): $27,250
• List price: $69,900
• Delta: 156.51%
• Verdict: OVERPRICED
• Comps: 6 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.0% rent growth · sell at horizon

5-year hold

• IRR: 70.5%
• Equity multiple: 4.08×
• Total profit: $60,281
• Equity at exit: $10,422

10-year hold

• IRR: 73.9%
• Equity multiple: 7.80×
• Total profit: $133,042
• Equity at exit: $6,044

Cash invested: $19,572 (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 34957

• Rents YoY: 1.0%
• Active inventory: 539
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $2,287 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$53 /mo · $640/yr
• Insurance: −$29
• HOA: −$164
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $1,193

Break-even live

Break-even rent $776

Max offer price $69,900

Occupancy floor 43%

Sensitivity live

Price	-10% $1,233	-5% $1,213	+0% $1,193	+5% $1,174	+10% $1,154
Rent	-10% $1,013	-5% $1,103	+0% $1,193	+5% $1,284	+10% $1,374
Rate	-1.0pp $1,229	-0.5pp $1,211	base $1,193	+0.5pp $1,175	+1.0pp $1,157

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$2,280	$2.40	15d	27	0.70mi
2459 NE Hickory Ave Jensen Beach, FL	1.0	1.0	736	$1,700	$2.31	24d	1	1.02mi

HOA detail condo

• Monthly dues: $164 · $1,968/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-15
   statusdays on market $69,900 Pending 92 DOM
2. 2026-06-14
   days on market $69,900 Active Under Contract 91 DOM
3. 2026-06-13
   days on market $69,900 Active Under Contract 90 DOM
4. 2026-06-10
   days on market $69,900 Active Under Contract 88 DOM
5. 2026-06-09
   days on market $69,900 Active Under Contract 87 DOM
6. 2026-06-08
   days on market $69,900 Active Under Contract 86 DOM
7. 2026-06-07
   days on market $69,900 Active Under Contract 85 DOM
8. 2026-06-03
   days on market $69,900 Active Under Contract 81 DOM
9. 2026-06-02
   days on market $69,900 Active Under Contract 80 DOM
10. 2026-06-01
    days on market $69,900 Active Under Contract 79 DOM
11. 2026-05-31
    days on market $69,900 Active Under Contract 78 DOM
12. 2026-05-31
    statusdays on market $69,900 Active Under Contract 77 DOM
13. 2026-04-27
    price $69,900 846-char remark

    Show marketing remark (846 chars)

    Fantastic opportunity !!Stop paying high lot-lease fees. This charming 2-bedroom, 1-bathroom home in the desirable Tropical Acres 55-plus community offers an exceptional value. There is NO LAND LEASE here, and the HOA fee is a remarkably low 164.50 per month. The home is sold turnkey and fully furnished, making it a perfect move-in ready retreat. It includes a rare 2-car carport for covered parking & extra storage. Residents enjoy a heated community pool and the unique benefit of on-site in parking for an RV or boat. The location is unbeatable, just minutes from the beaches and downtown Jensen Beach & also 10 minutes to charming historic downtown Stuart. Please note: 55-plus community, no pets, and no renting allowed. If you are looking for affordability and financial freedom in the heart of the Treasure Coast, this is it.

14. 2026-03-30
    price $74,900 846-char remark

    Show marketing remark (846 chars)

    Fantastic opportunity !!Stop paying high lot-lease fees. This charming 2-bedroom, 1-bathroom home in the desirable Tropical Acres 55-plus community offers an exceptional value. There is NO LAND LEASE here, and the HOA fee is a remarkably low 164.50 per month. The home is sold turnkey and fully furnished, making it a perfect move-in ready retreat. It includes a rare 2-car carport for covered parking & extra storage. Residents enjoy a heated community pool and the unique benefit of on-site in parking for an RV or boat. The location is unbeatable, just minutes from the beaches and downtown Jensen Beach & also 10 minutes to charming historic downtown Stuart. Please note: 55-plus community, no pets, and no renting allowed. If you are looking for affordability and financial freedom in the heart of the Treasure Coast, this is it.

15. 2026-03-16
    status Active 846-char remark

    Show marketing remark (846 chars)

    Fantastic opportunity !!Stop paying high lot-lease fees. This charming 2-bedroom, 1-bathroom home in the desirable Tropical Acres 55-plus community offers an exceptional value. There is NO LAND LEASE here, and the HOA fee is a remarkably low 164.50 per month. The home is sold turnkey and fully furnished, making it a perfect move-in ready retreat. It includes a rare 2-car carport for covered parking & extra storage. Residents enjoy a heated community pool and the unique benefit of on-site in parking for an RV or boat. The location is unbeatable, just minutes from the beaches and downtown Jensen Beach & also 10 minutes to charming historic downtown Stuart. Please note: 55-plus community, no pets, and no renting allowed. If you are looking for affordability and financial freedom in the heart of the Treasure Coast, this is it.

16. 2026-03-16
    historical 846-char remark

    Show marketing remark (846 chars)

    Fantastic opportunity !!Stop paying high lot-lease fees. This charming 2-bedroom, 1-bathroom home in the desirable Tropical Acres 55-plus community offers an exceptional value. There is NO LAND LEASE here, and the HOA fee is a remarkably low 164.50 per month. The home is sold turnkey and fully furnished, making it a perfect move-in ready retreat. It includes a rare 2-car carport for covered parking & extra storage. Residents enjoy a heated community pool and the unique benefit of on-site in parking for an RV or boat. The location is unbeatable, just minutes from the beaches and downtown Jensen Beach & also 10 minutes to charming historic downtown Stuart. Please note: 55-plus community, no pets, and no renting allowed. If you are looking for affordability and financial freedom in the heart of the Treasure Coast, this is it.

17. 2026-03-15
    listed $79,900 Active 846-char remark

    Show marketing remark (846 chars)

    Fantastic opportunity !!Stop paying high lot-lease fees. This charming 2-bedroom, 1-bathroom home in the desirable Tropical Acres 55-plus community offers an exceptional value. There is NO LAND LEASE here, and the HOA fee is a remarkably low 164.50 per month. The home is sold turnkey and fully furnished, making it a perfect move-in ready retreat. It includes a rare 2-car carport for covered parking & extra storage. Residents enjoy a heated community pool and the unique benefit of on-site in parking for an RV or boat. The location is unbeatable, just minutes from the beaches and downtown Jensen Beach & also 10 minutes to charming historic downtown Stuart. Please note: 55-plus community, no pets, and no renting allowed. If you are looking for affordability and financial freedom in the heart of the Treasure Coast, this is it.

ⓘ 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: $640 · $53/mo
• Projected year-2 tax: $640 · $53/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) · 7% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $27,438
• − Mortgage interest: −$3,915
• − Property taxes: −$640
• − Insurance: −$350
• − Repairs & maintenance: −$2,195
• − Management: −$2,195
• − HOA: −$1,968
• − Depreciation: −$2,033
• Taxable income: $14,142
• Est. tax owed @ 24.0%: −$3,394
• After-tax cash flow: $10,926/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 — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jensen Beach, FL
• County: Martin County · 165,223 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

-12.5% since first listed

5 events — show timeline

• 2026-04-27 Price Changed $69,900 MCRTC
• 2026-03-30 Price Changed $74,900 MCRTC
• 2026-03-16 Relisted — MCRTC
• 2026-03-16 Listing Removed — MCRTC
• 2026-03-15 Listed $79,900 MCRTC

Property tax history

-2.2%/yr

Latest (2025): $640 · +2.9% YoY. Source: county tax records.