19185 SE Homewood Ave · Tequesta, FL 33469

$619,000

4 bd · 2.0 ba · 1,742 sqft · SingleFamily public records · 1 Days on market

Built 1960 8,480 sqft lot Est $699k · 11% under

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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 +12.9/30.0
• ARV discount +12.6/15.0
• Schools +4.5/10.0
• DSCR +3.8/10.0
• Rent growth +3.5/5.0
• 1% rule +3.4/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming 4-bedroom, 2-bathroom home that perfectly blends comfort and spaciousness. Upon entering, you're greeted by a bright and airy great room that seamlessly connects to the open kitchen and an expansive Florida room, filling the space with natural light and a warm, inviting ambiance. Both the Florida room and the master suite feature sliding glass doors that open to a large patio—an ideal setting for soaking up the sun or hosting memorable outdoor gatherings. Located less than a mile from the intracoastal waterway, this home is a haven for water enthusiasts, offering easy access to prime snorkeling spots and endless aquatic adventures. Nature lovers will appreciat

Key facts

• Florida room
• Large patio
• Great room

Tags

• GREAT ROOM
• OPEN KITCHEN
• FLORIDA ROOM
• LARGE PATIO
• INTRACOASTAL WATERWAY
• OVERSIZED LOT

Property features AI

Finance

• Other: Resale property; Living area reported from public records

Exterior

• Parking: Driveway parking; RV access/parking; Total 3 parking spaces
• Utilities: Public water; Public sewer; Three-phase electric; Cable connected
• Home design: Single-family residence; One story
• Construction: Brick, stucco, and CBS construction; Shingle roof
• Exterior features: Open patio; Patio; Shed/outbuilding for storage; Fenced backyard; Fruit trees; Room for a pool; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms on the main level
• Flooring: Ceramic tile; Tile; Wood
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Split bedroom layout; Entry level living area
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $619k.

Deal economics

• At list price, monthly cash flow is $-50 ($-602/yr) — negative.
• To cash-flow at today's rent, offer at most $610k (1.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $519k (16.2% below list).
• Recommended offer: $519k (16.2% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 2.5% in Tequesta — 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 62/100 on livability (#764 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A; Watch: amenities F, commute F, cost of living 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: Hobe Sound Elementary School (math 51% / reading 48%, grade D, #1,088 of 2,144 statewide, top 53%, 459 students, 68% FRL); 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 63% FRL vs 41% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.9%/yr); 206 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).
• At $5,188/mo this rent would consume 59% of the median local household income ($106k/yr) (locally 404% 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 $4k of loan paydown is wiped out by about $19k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 18 sale attempts since 11y 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

• 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 $518,827 (16.2% 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. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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 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: 0.84% ✗
• Cap rate: 6.20%
• Cash-on-cash: -0.35%
• DSCR: 0.98
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $698,542
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11813 SE Williams Ter	0.29mi	4/2.0	1,816 (+4%)	6mo	$535,000	$295	74
19165 SE Homewood Ave	0.03mi	3/2.0 (-1)	1,553 (-11%)	4mo	$620,000	$399	72
18965 SE Southgate Dr	0.24mi	4/3.0	1,900 (+9%)	6mo	$799,000	$421	65
19052 SE Hillcrest Dr	0.15mi	3/2.0 (-1)	1,510 (-13%)	2mo	$668,500	$443	64
18942 SE Hillcrest Dr	0.22mi	3/2.0 (-1)	1,572 (-10%)	6mo	$705,000	$448	63
11017 SE Harken Ter	0.65mi	3/2.0 (-1)	1,765 (+1%)	6mo	$700,000	$397	58
19145 SE Mayo Dr	0.24mi	3/2.0 (-1)	1,496 (-14%)	6mo	$600,000	$401	55
10890 SE Linden St	0.43mi	3/2.0 (-1)	1,510 (-13%)	8mo	$570,000	$377	46

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 · 3.88% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.43×
• Total profit: $-98,869
• Equity at exit: $92,295

10-year hold

• IRR: -6.1%
• Equity multiple: 0.59×
• Total profit: $-70,856
• Equity at exit: $53,520

Cash invested: $173,320 (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 33469

• Home prices YoY: -30.4%
• Rents YoY: 3.9%
• Active inventory: 206
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $5,188 high
• Mortgage (P&I): −$3,246
• Tax from tax record: −$645 /mo · $7,739/yr
• Insurance: −$258
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,090
• Net cashflow: $-50

Break-even live

Break-even rent $5,252

Max offer price $610,131

Occupancy floor 96%

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: $154,750
• Closing costs: $18,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19185 SE Homewood Ave Jupiter, FL	4.0	2.0	1742	$3,850	$2.21	23d	1	0.01mi
19165 SE Homewood Ave Jupiter, FL	3.0	2.0	1553	$7,500	$4.83	23d	1	0.02mi
4153 Wingo St Jupiter, FL	4.0	2.0	1561	$4,750	$3.04	24d	1	0.37mi
52 Birch Pl Jupiter, FL	3.0	2.0	1766	$6,500	$3.68	3d	1	0.38mi
85 Hickory Hill Rd Jupiter, FL	3.0	2.0	1892	$6,350	$3.36	24d	1	0.45mi
65 PineHill Trl E Tequesta, FL	3.0	2.0	2017	$4,295	$2.13	7d	1	0.52mi
52 Pinehill Trl E Jupiter, FL	4.0	2.0	1903	$9,500	$4.99	24d	1	0.58mi
16 Leeward Cir Jupiter, FL	3.0	3.0	1871	$11,500	$6.15	24d	1	0.63mi
3770 County Line Rd Tequesta, FL	3.0–4.0	2.5–3.0	1947	$5,500	$2.82	24d	2	0.72mi
3770 County Line Rd Tequesta, FL	3.0–4.0	2.5–3.0	1965	$5,500	$2.80	2d	2	0.72mi
3770 County Line Rd Unit A1 Jupiter, FL	4.0	3.0	2198	$5,500	$2.50	15d	1	0.72mi
143 Country Club Dr Jupiter, FL	3.0	2.0	2000	$5,850	$2.92	24d	1	0.73mi
284 Village Blvd Tequesta, FL	1.0–3.0	1.0–2.0	1087	$3,200	$2.94	10d	2	0.79mi
284 Village Blvd Tequesta, FL	1.0–3.0	1.0–2.0	1087	$3,200	$2.94	24d	3	0.79mi
284 Village Blvd Tequesta, FL	2.0–3.0	2.0	1182	$3,200	$2.71	11d	2	0.79mi
284 Village Blvd #9112 Tequesta, FL	3.0	2.0	1374	$3,200	$2.33	5d	1	0.80mi
523 Dover Rd Unit NA Jupiter, FL	3.0	2.0	1981	$4,495	$2.27	24d	1	0.82mi
391 W Riverside Dr Jupiter, FL	4.0	4.0	1770	$14,000	$7.91	5d	1	0.84mi
236 Village Blvd Tequesta, FL	3.0	2.0	1152	$2,700	$2.34	2d	1	0.88mi
266 Village Blvd Tequesta, FL	2.0–3.0	2.0	1287	$3,000	$2.33	24d	2	0.88mi
266 Village Blvd #6102 Tequesta, FL	3.0	2.0	1374	$3,000	$2.18	2d	1	0.89mi
6 Concourse Dr Unit A Jupiter, FL	3.0	2.0	1600	$3,500	$2.19	23d	1	0.91mi
466 Tequesta Dr Jupiter, FL	3.0	2.0	1383	$3,500	$2.53	24d	1	0.91mi
152 Village Blvd Unit H Tequesta, FL	3.0	2.0	1417	$3,150	$2.22	3d	1	0.94mi
158 Village Blvd Unit D Tequesta, FL	3.0	2.5	1776	$3,000	$1.69	24d	1	1.00mi
1 Bunker Pl Jupiter, FL	3.0	2.0	2035	$7,750	$3.81	5d	1	1.02mi
76 Fairview W Jupiter, FL	3.0	2.5	1776	$7,500	$4.22	24d	1	1.03mi
19800 Sandpointe Bay Dr Tequesta, FL	3.0	2.5	2075	$9,500	$4.58	24d	2	1.03mi
19800 Sandpointe Bay Dr Tequesta, FL	2.0–3.0	2.5	1857	$11,000	$5.92	22d	3	1.03mi
104 Lighthouse Cir Unit H-2 Tequesta, FL	3.0	2.0	1356	$2,600	$1.92	24d	1	1.07mi
106 Lighthouse Cir Unit G Jupiter, FL	3.0	2.5	1684	$2,500	$1.48	24d	1	1.10mi
3 Oakland Ct Jupiter, FL	3.0	2.5	1298	$4,800	$3.70	24d	1	1.11mi
356 Mars Ave Jupiter, FL	3.0	3.0	1602	$5,500	$3.43	24d	1	1.12mi
112 Lighthouse Cir Unit G Jupiter, FL	3.0	2.5	1776	$3,500	$1.97	24d	1	1.12mi
58 Tall Oaks Cir Jupiter, FL	3.0	2.5	1298	$3,900	$3.00	24d	1	1.13mi
1511 Seabrook Rd Jupiter, FL	3.0	2.0	1820	$4,200	$2.31	5d	1	1.27mi
1511 Seabrook Rd Jupiter, FL	3.0	2.0	1820	$4,200	$2.31	15d	1	1.27mi
9 W Riverside Dr Jupiter, FL	4.0	2.0	1649	$10,900	$6.61	24d	1	1.36mi
22 Van Rd Jupiter, FL	4.0	3.0	1260	$6,000	$4.76	24d	1	1.44mi
72 Waterway Rd Jupiter, FL	3.0	2.0	2018	$15,000	$7.43	24d	1	1.47mi

Listing history 2 events

1. 2026-06-17
   remarks 693-char remark
2. 2026-06-17
   listed $619,000 Active 1 DOM

ⓘ 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: $7,739 · $645/mo
• Projected year-2 tax: $7,739 · $645/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 ≥106°F today · 25 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

Taxation est. · year 1

• Rental income: $62,259
• − Mortgage interest: −$34,674
• − Property taxes: −$7,739
• − Insurance: −$3,095
• − Repairs & maintenance: −$4,981
• − Management: −$4,981
• − Depreciation: −$18,007
• Taxable loss: −$11,217
• Est. tax savings @ 24.0%: +$2,692
• After-tax cash flow: $2,090/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 — Tequesta

• Score: 62/100
• State rank: #764
• US rank: #16907

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Martin County · 165,223 people
• City population: 14,686
• Metro: Port St. Lucie, FL
• Population (ZIP): 14,686
• Household income: $106,265
• Rent vs Own: 13.4% rent · 86.6% own
• Severe rent burden: 404.0

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 9% Two or more races 7% Asian 1%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3%
• Common ancestry: Lithuanian 6% Slovak 4% Romanian 3%
• Foreign-born: 7% · Canada, China
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 3% Russian/Polish/Slavic 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: ▼ -183.36%
• Current HPI: 419.948
• Rent YoY: ▲ 3.88%
• 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

+797.1% since first listed

52 events — show timeline

• 2026-06-16 Listed $619,000 Beaches MLS
• 2026-03-26 Listed for Rent $3,850 RMLSFL
• 2025-05-02 Rental Removed $4,000 APPFOLIO
• 2025-04-30 Listing Removed — Beaches MLS
• 2025-04-29 Listed for Rent $4,000 APPFOLIO
• 2025-04-28 Rental Removed $4,000 RMLSFL
• 2025-03-28 Listed for Rent $4,000 RMLSFL
• 2025-03-27 Listed $619,500 Beaches MLS
• 2024-11-13 Listing Removed — Beaches MLS
• 2024-11-13 Rental Removed $3,700 RMLSFL
• 2024-09-03 Price Changed $3,700 RMLSFL
• 2024-08-09 Listed for Rent $4,000 RMLSFL
• 2024-08-09 Relisted — Beaches MLS
• 2024-05-28 Rental Removed $4,000 RMLSFL
• 2024-05-28 Listing Removed — Beaches MLS
• 2024-04-26 Listed for Rent $4,000 RMLSFL
• 2024-04-26 Listing Removed — Beaches MLS
• 2024-04-26 Listed $629,500 Beaches MLS
• 2024-02-27 Rental Removed $4,000 GFLMLS
• 2023-11-18 Listed for Rent $4,000 GFLMLS
• 2023-10-26 Listed $629,500 Beaches MLS
• 2022-09-19 Sold (Public Records) $552,000 Public Records
• 2022-09-16 Sold (MLS) $552,000 Beaches MLS
• 2022-09-08 Pending — Beaches MLS
• 2022-09-05 Price Changed $575,000 Beaches MLS
• 2022-09-04 Relisted — Beaches MLS
• 2022-08-15 Contingent — Beaches MLS
• 2022-08-08 Price Changed $585,000 Beaches MLS
• 2022-07-12 Price Changed $598,000 Beaches MLS
• 2022-07-12 Relisted — Beaches MLS
• 2022-06-25 Pending — Beaches MLS
• 2022-06-17 Price Changed $600,000 Beaches MLS
• 2022-06-01 Price Changed $640,000 Beaches MLS
• 2022-05-13 Listed $650,000 Beaches MLS
• 2016-01-21 Sold (Public Records) $299,000 Public Records
• 2016-01-19 Sold (MLS) $299,000 Beaches MLS
• 2015-12-03 Pending — Beaches MLS
• 2015-11-30 Listed $299,000 Beaches MLS
• 2015-10-30 Pending — Beaches MLS
• 2015-10-29 Listing Removed — Beaches MLS
• 2015-10-23 Price Changed $319,900 Beaches MLS
• 2015-10-09 Price Changed $339,500 Beaches MLS
• 2015-10-02 Listed $352,000 Beaches MLS
• 2015-07-22 Sold (MLS) $178,000 Beaches MLS
• 2015-06-16 Contingent — Beaches MLS
• 2015-06-02 Price Changed $185,500 Beaches MLS
• 2015-05-11 Relisted — Beaches MLS
• 2015-03-31 Contingent — Beaches MLS
• 2015-03-16 Price Changed $189,500 Beaches MLS
• 2015-02-13 Listed $199,500 Beaches MLS
• 2005-12-06 Sold (Public Records) $100,000 Public Records
• 1987-06-30 Sold (Public Records) $69,000 Public Records

Property tax history

+11.7%/yr

Latest (2025): $7,739 · +1.4% YoY. Source: county tax records.