2950 SE Ocean Blvd Unit 130-6 · Stuart, FL 34996

$114,500

1 bd · 1.5 ba · 834 sqft · Condo public records · 171 Days on market

55+ age-restricted Built 1979 Fair condition $137/sqft · 25% below area Est $161k · 29% under $488/mo HOA · 26% of rent

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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 +19.2/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• 1% rule +7.5/10.0
• DSCR +6.3/10.0
• Schools +5.2/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Come home to your own little slice of paradise! Affordable and beautiful. Well maintained property with upgraded Italian porcelain tile, an upgraded kitchen, and brand new carpet in the master. HUGE pantry/utility closet. The enclosed sunporch is plenty big enough to accommodate overnight guests as well. This is the perfect location, close to the beach, historical downtown Stuart, museums, farmer's market, festivals, YMCA... Wonderful restaurants, golfing, pickleball, and any other activity you can think of is right around the corner. This is a friendly 55+ community with plenty of activities to keep you busy if you desire. Brand new Blue Stream for bountiful TV choices and fast internet. Easy stroll/ bike to the bridge into Sewells Point and onto the Island. Great value for all it offers!

Key facts

• Close to the beach
• Upgraded kitchen
• Enclosed sunporch

Tags

• UPGRADED KITCHEN
• HUGE PANTRY UTILITY CLOSET
• ENCLOSED SUNPORCH
• CLOSE TO THE BEACH
• HISTORICAL DOWNTOWN STUART
• BRAND NEW BLUE STREAM

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $114k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $147 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $114k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.

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: 285 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 64d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($792 loan paydown + $11k 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 $32k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 4 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 $63k; list at $114k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 26% of rent.
• Climate carrying-cost: major flood risk; 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 $100,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. 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: 1.64% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.99%
• DSCR: 1.36
• GRM: 5.1

CMA / ARV

• ARV (median comp): $160,815
• List price: $114,500
• Delta: -28.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2600 SE Ocean Blvd Unit F12	0.16mi	1/1.5	814 (-2%)	1mo	$109,900	$135	88
2929 SE Ocean Blvd Unit O4	0.16mi	2/2.0 (+1)	837 (+0%)	1mo	$129,500	$155	84
2929 SE Ocean Blvd Unit 103-2	0.16mi	1/1.5	696 (-16%)	0mo	$77,500	$111	67
2929 SE Ocean Blvd Unit 139-7	0.16mi	1/1.5	696 (-16%)	1mo	$115,000	$165	67
2600 SE Ocean Blvd Unit E4	0.19mi	1/1.0	679 (-19%)	3mo	$105,000	$155	62
2929 SE Ocean Blvd Unit 103-9	0.16mi	2/2.0 (+1)	1,005 (+20%)	0mo	$125,000	$124	60
2929 SE Ocean Blvd Unit 134-3	0.16mi	2/2.0 (+1)	1,005 (+20%)	1mo	$111,500	$111	60
2950 SE Ocean Blvd Unit 128-5	0.18mi	2/2.0 (+1)	1,018 (+22%)	3mo	$135,000	$133	57
2929 SE Ocean Blvd Unit 131-10	0.25mi	2/2.0 (+1)	992 (+19%)	1mo	$145,000	$146	56
406 SE Robalo Ct	0.98mi	2/1.0 (+1)	843 (+1%)	3mo	$315,000	$374	54
2929 SE Ocean Blvd Unit 104-7	0.36mi	2/2.0 (+1)	1,005 (+20%)	2mo	$125,000	$124	49
2929 SE Ocean Blvd Unit 142-3	0.42mi	2/2.0 (+1)	1,005 (+20%)	2mo	$120,000	$119	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 28.4%
• Equity multiple: 3.25×
• Total profit: $72,091
• Equity at exit: $103,151

10-year hold

• IRR: 24.8%
• Equity multiple: 7.41×
• Total profit: $205,659
• Equity at exit: $222,448

Cash invested: $32,060 (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 →

Active competition Active MLS

• For sale now: 1 active · 2 under contract
• Median asking: $275,000 ($264/sqft)
• Median days on market: 474 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -27.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34996

• Home prices YoY: 2.1%
• Active inventory: 285
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,882 high
• Mortgage (P&I): −$600
• Tax from tax record: −$137 /mo · $1,650/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$488
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $147

Break-even live

Break-even rent $1,696

Max offer price $114,500

Occupancy floor 87%

Sensitivity live

Price	-10% $212	-5% $179	+0% $147	+5% $115	+10% $82
Rent	-10% $-2	-5% $73	+0% $147	+5% $221	+10% $296
Rate	-1.0pp $205	-0.5pp $176	base $147	+0.5pp $117	+1.0pp $87

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: $28,625
• Closing costs: $3,435
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2950 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	1035	$1,450	$1.40	16d	6	0.09mi
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	64d	3	0.09mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,500	$1.58	64d	3	0.13mi
2600 SE Ocean Blvd Stuart, FL	2.0	2.0	1089	$1,725	$1.58	16d	2	0.13mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	850	$1,550	$1.82	16d	6	0.22mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$1,500	$1.85	73d	6	0.22mi
2929 SE Ocean Blvd Unit B-2 Stuart, FL	1.0	1.0	619	$1,450	$2.34	16d	1	0.22mi
2929 SE Ocean Blvd Unit 130 Stuart, FL	2.0	2.0	1005	$1,800	$1.79	73d	1	0.37mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$1,919	$2.17	16d	14	0.53mi
333 SE Martin Ave Stuart, FL	2.0	1.0	778	$1,625	$2.09	16d	2	0.78mi
333 SE Martin Ave Unit 1F Stuart, FL	2.0	1.0	778	$1,800	$2.31	73d	1	0.78mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL	2.0	2.0	1044	$1,900	$1.82	16d	1	0.82mi
1800 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1044	$2,600	$2.49	73d	3	0.85mi
3129 SE Indian St #3 Stuart, FL	2.0	1.5	986	$2,300	$2.33	73d	1	1.50mi

HOA detail $488/mo · $5,856/yr condo

• Likely covers: internet
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-08-09
   days on market $114,500 Active 171 DOM
2. 2026-08-08
   days on market $114,500 Active 170 DOM
3. 2026-08-07
   days on market $114,500 Active 169 DOM
4. 2026-08-06
   days on market $114,500 Active 168 DOM
5. 2026-08-05
   days on market $114,500 Active 167 DOM
6. 2026-08-04
   days on market $114,500 Active 166 DOM
7. 2026-08-03
   days on market $114,500 Active 165 DOM
8. 2026-07-31
   days on market $114,500 Active 162 DOM
9. 2026-07-29
   days on market $114,500 Active 160 DOM
10. 2026-07-27
    days on market $114,500 Active 158 DOM
11. 2026-07-25
    days on market $114,500 Active 156 DOM
12. 2026-07-23
    days on market $114,500 Active 154 DOM
13. 2026-07-22
    days on market $114,500 Active 153 DOM
14. 2026-07-21
    days on market $114,500 Active 152 DOM
15. 2026-07-18
    days on market $114,500 Active 149 DOM
16. 2026-07-16
    days on market $114,500 Active 147 DOM
17. 2026-07-16
    days on market $114,500 Active 146 DOM
18. 2026-07-14
    days on market $114,500 Active 145 DOM
19. 2026-07-13
    days on market $114,500 Active 144 DOM
20. 2026-07-12
    days on market $114,500 Active 143 DOM
21. 2026-07-11
    days on market $114,500 Active 142 DOM
22. 2026-07-10
    days on market $114,500 Active 141 DOM
23. 2026-07-09
    days on market $114,500 Active 140 DOM
24. 2026-07-08
    days on market $114,500 Active 139 DOM
25. 2026-07-07
    days on market $114,500 Active 138 DOM
26. 2026-07-06
    days on market $114,500 Active 137 DOM
27. 2026-07-05
    days on market $114,500 Active 136 DOM
28. 2026-07-04
    days on market $114,500 Active 135 DOM
29. 2026-07-03
    days on market $114,500 Active 134 DOM
30. 2026-07-02
    days on market $114,500 Active 133 DOM
31. 2026-07-01
    days on market $114,500 Active 132 DOM
32. 2026-06-30
    days on market $114,500 Active 131 DOM
33. 2026-06-29
    days on market $114,500 Active 130 DOM
34. 2026-06-28
    days on market $114,500 Active 129 DOM
35. 2026-06-28
    days on market $114,500 Active 128 DOM
36. 2026-06-27
    days on market $114,500 Active 127 DOM
37. 2026-06-25
    days on market $114,500 Active 125 DOM
38. 2026-06-23
    days on market $114,500 Active 123 DOM
39. 2026-06-21
    days on market $114,500 Active 122 DOM
40. 2026-06-18
    days on market $114,500 Active 119 DOM
41. 2026-06-17
    days on market $114,500 Active 118 DOM
42. 2026-06-16
    days on market $114,500 Active 117 DOM
43. 2026-06-15
    days on market $114,500 Active 116 DOM
44. 2026-06-14
    days on market $114,500 Active 114 DOM
45. 2026-06-13
    days on market $114,500 Active 113 DOM
46. 2026-06-10
    days on market $114,500 Active 111 DOM
47. 2026-06-09
    days on market $114,500 Active 110 DOM
48. 2026-06-08
    days on market $114,500 Active 109 DOM
49. 2026-06-07
    days on market $114,500 Active 108 DOM
50. 2026-06-03
    days on market $114,500 Active 104 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: $1,650 · $137/mo
• Projected year-2 tax: $1,650 · $137/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 7/10 Severe FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,589
• − Mortgage interest: −$6,414
• − Property taxes: −$1,650
• − Insurance: −$1,370
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − HOA: −$5,856
• − Depreciation: −$3,331
• Taxable income: $355
• Est. tax owed @ 24.0%: −$85
• After-tax cash flow: $1,679/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $20,850–$37,530 screening

This 1-bedroom/1.5-bath townhouse requires moderate repairs and maintenance to improve its condition and value. Upgrades to the exterior, interior, and appliances can significantly enhance its appeal and marketability.

Components & finishes AI

Roof asphalt shingle · good Flooring tile

Deferred maintenance Est. $3,000–$12,000 screening

• Minor Roof (roof) — No visible signs of damage or wear on the roof
• Minor Windows (windows) — No visible signs of damage or wear on the windows
• Minor Electrical (electrical) — No visible signs of damage or wear on the electrical components
• Minor Plumbing (plumbing) — No visible signs of damage or wear on the plumbing
• Minor Exterior (exterior) — No visible signs of damage or wear on the exterior
• Minor Other — No visible signs of damage or wear on other components

Repairs flagged

• Moderate Exterior siding — Weathered appearance suggests potential need for repainting or replacement.
• Minor Interior walls — Some discoloration noted, possibly from water damage or age.
• Minor Landscaping — Needs trimming and some plants appear dead or dying.

Value-add opportunities

• Both Paint exterior siding — Fresh paint can significantly improve curb appeal and property value. ↑
• Both Replace carpet with hardwood flooring — Hardwood flooring is more durable and can increase both resale and rental value. ↑
• Both Upgrade kitchen appliances — Modern appliances can enhance the appeal and functionality of the kitchen, attracting more buyers/renters. ↑
• Both Landscaping and curb appeal improvements — A well-maintained exterior can increase the property's overall appeal and value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary J. D. Parker School Of Technology F FL #1,513/2,144 Nat'l #19,648/41,679 Middle Stuart Middle School B- FL #180/571 Nat'l #2,482/14,009 High Jensen Beach High School B- FL #98/667 Nat'l #3,220/17,239

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

A Composite livability gradescore 84/100

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 · 172,383 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: 24% of renters

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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%

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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%

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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

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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

+227.1% since first listed

9 events — show timeline

• 2026-02-19 Listed $114,500 Beaches MLS
• 2003-09-24 Sold (Public Records) $63,000 Public Records
• 2003-09-23 Sold (MLS) $630,000 Beaches MLS
• 2003-08-04 Listing Removed — Beaches MLS
• 2003-02-26 Listed $69,000 Beaches MLS
• 2003-02-26 Listed $69,000 MCRTC
• 2000-04-28 Sold (MLS) $27,500 MCRTC
• 1999-12-22 Listed $29,900 MCRTC
• 1991-11-27 Sold (Public Records) $35,000 Public Records

Property tax history

+21.1%/yr

Latest (2025): $1,650 · +1.2% YoY. Source: county tax records.