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6950 SE Congress St
D+ Composite 47.88
Why this score? — see what drove the D+ 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 +22.2/30.0
  • DSCR +7.1/10.0
  • 1% rule +5.2/10.0
  • Schools +4.5/10.0
  • Livability +3.5/5.0
  • Rent growth +3.0/5.0
  • Condition / age +2.5/5.0
  • ARV discount +0.0/15.0
  • Appreciation +0.0/10.0

$249,000

6950 SE Congress St · Hobe Sound, FL 33455
2 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 27 Days on market
Built 1980 5,000 sqft lot $185/sqft · 21% above area Est $206k · 21% over $125/mo HOA · 5% of rent

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

Key facts

  • New siding
  • New flooring
  • Brand new cabinets

Tags

NEW SIDINGNEW WINDOWSSMOOTH SHEETROCK WALLSNEW FLOORINGMODERN LIGHTINGBRAND NEW CABINETS

Property features AI

Finance

  • Other: Senior community; Pets allowed (dogs OK)
  • Financial info: Not a land-lease property
  • HOA & community: Has association: Cambridge at Heritage Ridge South; Association amenities include billiard room, clubhouse, fitness center, game room, pool, heated pool, shuffleboard court, community room; Association fee $1,500 annually (includes cable TV, common areas, common real estate tax, recreation facility)

Exterior

  • Parking: 3 total parking spaces (including 1 covered/carport space and 2 open spaces); Attached carport; Concrete driveway; Guest parking; RV access/parking; Golf cart parking; Boat access/parking
  • Utilities: Public water; Public sewer; 220 volt electric; Cable available; Water available; Sewer available
  • Home design: Manufactured home (double wide); One story; Resale, updated/remodeled; Faces north; Located east of US-1
  • Construction: Modular construction; Mobile home remains; Other roof; Other skirt
  • Exterior features: Shed(s); Paved road surface; No waterfront

Interior

  • Kitchen: Dishwasher; Electric range; Refrigerator
  • Bedrooms: 3 bedrooms on the main level
  • Flooring: Laminate; Wood
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Heat pump; Other heating; Ceiling fan(s); Ductless cooling; Heat pump cooling; Other cooling
  • Interior features: Walk-in closet(s); Unfurnished
  • Laundry & utility: Laundry closet inside

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $249k.

Deal economics

  • At list price, monthly cash flow is $403 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $249k).
  • Recommended offer: $245k (1.5% below list) — sets the bar for market timing.
  • Cap rate 8.2% vs local median 3.5% in Hobe Sound — 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 69/100 on livability (#497 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, cost of living A; Watch: employment C-, amenities F, commute F.
  • 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: Murray Middle School (math 45% / reading 43%, grade D, #327 of 571 statewide, top 57%, 616 students, 69% FRL); South Fork High School (math 36% / reading 48%, grade F, #275 of 667 statewide, top 42%, 1,810 students, 51% FRL) — zoned schools average 60% FRL vs 41% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+1.8%/yr); 279 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
  • This rent runs 43% 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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

  • It's been on market 27 days — a 2% lower offer ($245k) is reasonable based on typical stale-listing flexibility.
  • 8 sale attempts since 27y 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 $120k; list at $249k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Climate carrying-cost: 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 $245,265 (1.5% below list)

Questions for the listing agent

  1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. 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?
  4. 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.
  5. 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.
  6. 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
8.24%
Cash-on-cash
6.94%
DSCR
1.31
GRM
8.1

CMA / ARV

ARV (median comp)
$206,223
List price
$249,000
Delta
20.74%
Verdict
OVERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
8031 SE Homestead Ave 0.23mi 2/2.0 1,322 (-2%) 1mo $169,000 $128 86
7955 SE Independence Ave 0.28mi 2/2.0 1,279 (-5%) 1mo $234,500 $183 78
7107 SE Seahawk St 0.23mi 2/2.0 1,236 (-8%) 1mo $215,000 $174 75
8508 SE Swan Ave 0.33mi 2/2.0 1,248 (-7%) 0mo $195,000 $156 72
7338 SE Redbird Cir 0.24mi 3/2.0 (+1) 1,224 (-9%) 1mo $202,000 $165 68
7874 SE Saratoga Dr 0.40mi 2/2.0 1,485 (+10%) 1mo $225,000 $152 63
7924 SE Saratoga Dr 0.35mi 2/2.0 1,513 (+13%) 2mo $285,000 $188 61
7148 SE Seahawk St 0.27mi 3/2.0 (+1) 1,180 (-12%) 1mo $205,000 $174 61
7843 SE Saratoga Dr 0.43mi 2/2.0 1,505 (+12%) 1mo $230,000 $153 59
7829 SE Eagle Ave 0.39mi 2/2.0 1,152 (-14%) 2mo $207,000 $180 56
7660 SE Shenandoah Dr SE 0.60mi 2/2.0 1,475 (+10%) 2mo $236,000 $160 54
7630 SE Shenandoah Dr 0.63mi 3/2.0 (+1) 1,531 (+14%) 1mo $185,000 $121 42

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 · 1.8% rent growth · sell at horizon

5-year hold
IRR
-7.0%
Equity multiple
0.75×
Total profit
$-17,729
Equity at exit
$37,127
10-year hold
IRR
1.1%
Equity multiple
1.08×
Total profit
$5,345
Equity at exit
$21,529

Cash invested: $69,720 (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.

ZIP-level market 33455

Rents YoY
1.8%
Active inventory
279
Price-to-rent
8.1×

Monthly cashflow live

Estimated rent
$2,547 high interval (Pro) →
Mortgage (P&I)
$1,306
Tax from tax record
$74 /mo · $890/yr
Insurance
$104
HOA
$125
Vacancy / Maint / Mgmt
$535
Net cashflow
$403

Break-even live

Break-even rent $2,036
Max offer price $249,000
Occupancy floor 79%

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
$62,250
Closing costs
$7,470
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 21 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
7030 SE Ridgeway Ter Hobe Sound, FL 3.0 2.0 1296 $2,500 $1.93 23d 1 0.19mi
8002 SE Skylark Ave Hobe Sound, FL 3.0 2.0 990 $2,000 $2.02 23d 1 0.32mi
7894 SE Saratoga Dr Hobe Sound, FL 2.0 2.0 1248 $2,100 $1.68 23d 1 0.35mi
7568 SE Swan Ave Hobe Sound, FL 2.0 2.0 1052 $2,300 $2.19 23d 1 0.56mi
7607 SE Hobe Ter Hobe Sound, FL 2.0 2.0 1156 $2,200 $1.90 13d 1 0.59mi
7462 SE Jamestown Ter Hobe Sound, FL 2.0 2.0 1384 $2,500 $1.81 23d 1 0.68mi
7442 SE Jamestown Ter Hobe Sound, FL 2.0 2.0 1384 $1,800 $1.30 23d 1 0.73mi
8350 SE Sweetbay Dr Hobe Sound, FL 2.0 2.0 1606 $3,500 $2.18 23d 1 0.76mi
7445 SE Independence Ave Hobe Sound, FL 2.0 2.0 1198 $1,900 $1.59 23d 1 0.76mi
8905 SE Sandy Ln Hobe Sound, FL 2.0 2.0 1006 $1,850 $1.84 23d 1 0.77mi
8997 SE Sandy Ln Hobe Sound, FL 2.0 1.0 900 $2,000 $2.22 23d 1 0.84mi
9073 SE Hobe Ridge Ave Hobe Sound, FL 2.0 2.0 1029 $2,100 $2.04 13d 1 0.92mi
6024 SE Crooked Oak Ave Hobe Sound, FL 3.0 2.0 1800 $3,200 $1.78 23d 1 0.98mi
8014 SE Carlton St Hobe Sound, FL 3.0 2.0 1463 $3,500 $2.39 23d 1 1.12mi
6215 SE Georgetown Pl Hobe Sound, FL 2.0 2.0 1202 $2,600 $2.16 23d 1 1.13mi
6845 SE Bunker Hill Dr Hobe Sound, FL 2.0 2.0 1552 $3,500 $2.26 13d 1 1.15mi
9650 SE Eagle Ave Hobe Sound, FL 2.0 2.0–2.5 1241 $2,330 $1.88 23d 5 1.34mi
8455 SE Palm St Hobe Sound, FL 2.0 2.0 1423 $4,700 $3.30 13d 1 1.37mi
9627 Crest Ct Hobe Sound, FL 2.0 2.0 1400 $2,500 $1.79 13d 1 1.44mi
8585 SE Palm St Hobe Sound, FL 2.0 2.0 1304 $10,000 $7.67 13d 1 1.46mi
8585 SE Palm St Hobe Sound, FL 2.0 2.0 1304 $10,000 $7.67 23d 1 1.46mi

HOA detail

Monthly dues
$125 · $1,500/yr
Likely covers
cablepool

Listing history 36 events

  1. 2026-06-13
    status $249,000 Pending 27 DOM
  2. 2026-06-10
    days on market $249,000 Active 27 DOM
  3. 2026-06-09
    days on market $249,000 Active 26 DOM
  4. 2026-06-08
    days on market $249,000 Active 25 DOM
  5. 2026-06-07
    days on market $249,000 Active 24 DOM
  6. 2026-06-03
    days on market $249,000 Active 20 DOM
  7. 2026-06-02
    days on market $249,000 Active 19 DOM
  8. 2026-06-01
    days on market $249,000 Active 18 DOM
  9. 2026-05-31
    days on market $249,000 Active 17 DOM
  10. 2026-05-31
    days on market $249,000 Active 16 DOM
  11. 2026-05-14
    listed $249,000 Active 845-char remark
  12. 2025-06-18
    soldstatus $120,000
  13. 2025-06-16
    soldstatus $120,000 Closed 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  14. 2025-05-16
    historical Active Under Contract 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  15. 2025-04-11
    status Active 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  16. 2025-04-11
    historical 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  17. 2025-04-01
    price $129,000 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  18. 2025-02-07
    price $159,000 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  19. 2025-01-22
    price $184,000 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  20. 2024-12-27
    status Active 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  21. 2024-12-11
    historical 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  22. 2024-12-10
    listed $199,000 Active 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  23. 2024-12-04
    historical $199,000 633-char remark
    Show marketing remark (633 chars)

    SELLER MOTIVATED to sell Quickly, All Offers considered. for this Handymans Doublewide in the desireable 55+ Cambridge at Heritage Ridge South located in the historic unincorporated town of Hobe Sound. No Land lease, Own the land your home sits on. As is sale for Low HOA in this active community, includes cable, access to Clubhouse, swimming pool, billiard room, exercise room, & shuffleboard. Registered Boat with trailer or RV permitted for storage in this section of well maintained community. Close to shopping and within 15 minute drive to nearest beaches. Option to purchase for land only with tear down replace possible.

  24. 2005-04-27
    soldstatus $106,500
  25. 2005-04-19
    soldstatus $106,500
    Show marketing remark (247 chars)

    Immaculate 'Doublewide' in desirable Cambridge at Heritage Ridge South. Interior is show and sell condition. Light and bright! Storage shed and carport damaged and removed. Neat and clean. Priced to sell quickly!!! 'As Is' with right to inspect.

  26. 2005-04-19
    price $112,900
    Show marketing remark (247 chars)

    Immaculate 'Doublewide' in desirable Cambridge at Heritage Ridge South. Interior is show and sell condition. Light and bright! Storage shed and carport damaged and removed. Neat and clean. Priced to sell quickly!!! 'As Is' with right to inspect.

  27. 2005-04-19
    soldstatus $106,500
    Show marketing remark (247 chars)

    Immaculate 'Doublewide' in desirable Cambridge at Heritage Ridge South. Interior is show and sell condition. Light and bright! Storage shed and carport damaged and removed. Neat and clean. Priced to sell quickly!!! 'As Is' with right to inspect.

  28. 2005-03-16
    historical
  29. 2005-01-07
    listed $106,500
    Show marketing remark (247 chars)

    Immaculate 'Doublewide' in desirable Cambridge at Heritage Ridge South. Interior is show and sell condition. Light and bright! Storage shed and carport damaged and removed. Neat and clean. Priced to sell quickly!!! 'As Is' with right to inspect.

  30. 2005-01-07
    listed $112,900
    Show marketing remark (247 chars)

    Immaculate 'Doublewide' in desirable Cambridge at Heritage Ridge South. Interior is show and sell condition. Light and bright! Storage shed and carport damaged and removed. Neat and clean. Priced to sell quickly!!! 'As Is' with right to inspect.

  31. 2000-02-29
    soldstatus $44,000
  32. 2000-02-29
    soldstatus $44,000
  33. 2000-02-19
    historical
  34. 1999-05-25
    listed $47,400
  35. 1999-05-25
    listed $47,400
  36. 1988-04-08
    soldstatus $59,000

ⓘ 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
$890 · $74/mo
Projected year-2 tax
$2,067 · $172/mo
Expected delta
+$1,177/yr (+$98/mo · 132.2%)

ⓘ 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 3/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$30,563
− Mortgage interest
−$13,948
− Property taxes
−$890
− Insurance
−$1,245
− Repairs & maintenance
−$2,445
− Management
−$2,445
− HOA
−$1,500
− Depreciation
−$7,244
Taxable income
$846
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$203
After-tax cash flow
$4,637/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 — Hobe Sound

Score
69/100
State rank
#497
US rank
#8763

Category grades

Amenities F Commute F Cost of living A 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
Hobe Sound, FL
County
Martin County · 165,223 people
City population
20,018
Metro
Port St. Lucie, FL
Population (ZIP)
20,018
Household income
$70,389
Rent vs Own
16.0% rent · 84.0% own
Severe rent burden
317.0

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 (84%)
Race & ethnicity
White 84% Hispanic / Latino 8% Two or more races 6% Black 5% Asian 1%
Hispanic origin (detail)
Mexican 3% Dominican 1%
Common ancestry
Romanian 5% Italian 2% Slovak 2%
Foreign-born
8% · Canada
Languages at home
91% English-only · Spanish 6% Other Indo-European 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
▼ -287.05%
Current HPI
356.7273
Rent YoY
▲ 1.80%
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

Price history

+322.0% since first listed
27 events — show timeline
  • 2026-06-11 Pending Beaches MLS
  • 2026-05-14 Listed $249,000 Beaches MLS
  • 2025-06-18 Sold (Public Records) $120,000 Public Records
  • 2025-06-16 Sold (MLS) $120,000 Beaches MLS
  • 2025-05-16 Contingent Beaches MLS
  • 2025-04-11 Relisted Beaches MLS
  • 2025-04-11 Listing Removed Beaches MLS
  • 2025-04-01 Price Changed $129,000 Beaches MLS
  • 2025-02-07 Price Changed $159,000 Beaches MLS
  • 2025-01-22 Price Changed $184,000 Beaches MLS
  • 2024-12-27 Relisted Beaches MLS
  • 2024-12-11 Listing Removed Beaches MLS
  • 2024-12-10 Listed $199,000 Beaches MLS
  • 2024-12-04 Coming Soon $199,000 Beaches MLS
  • 2005-04-27 Sold (Public Records) $106,500 Public Records
  • 2005-04-19 Sold (MLS) $106,500 Beaches MLS
  • 2005-04-19 Price Changed $112,900 MCRTC
  • 2005-04-19 Sold (MLS) $106,500 MCRTC
  • 2005-03-16 Listing Removed Beaches MLS
  • 2005-01-07 Listed $112,900 Beaches MLS
  • 2005-01-07 Listed $106,500 MCRTC
  • 2000-02-29 Sold (MLS) $44,000 MCRTC
  • 2000-02-29 Sold (MLS) $44,000 Beaches MLS
  • 2000-02-19 Listing Removed Beaches MLS
  • 1999-05-25 Listed $47,400 MCRTC
  • 1999-05-25 Listed $47,400 Beaches MLS
  • 1988-04-08 Sold (Public Records) $59,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $890 · +1.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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