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2929 SE Ocean Blvd Unit 130-8
A Composite 87.07
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 +27.2/30.0
  • ARV discount +14.4/15.0
  • 1% rule +10.0/10.0
  • Appreciation +10.0/10.0
  • DSCR +9.5/10.0
  • Schools +5.2/10.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Rent growth +2.5/5.0

$139,900

2929 SE Ocean Blvd Unit 130-8 · Stuart, FL 34996
2 bd · 2.0 ba · 1,005 sqft · Condo public records · 50 Days on market
Built 1972 Good condition $139/sqft · 15% below area Est $165k · 15% under $567/mo HOA · 23% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Priced to move! Come live the Florida lifestyle in this fully furnished 2-bedroom, 2-bath condo just minutes from the beach and downtown Stuart's shopping and dining. This light-filled retreat features an open layout, spacious bedrooms, and a glassed-in lanai to embrace the coastal lifestyle. Nestled in a well-maintained community, amenities include cable & Wi-Fi, recently remodeled sparkling pool, clubhouse, shuffleboard, water, sewer, trash, common area maintenance, master insurance policy, and extra storage. Don't miss this opportunity to own your slice of paradise!

Key facts

  • Extra storage
  • Glassed-in lanai
  • $567 HOA

Tags

GLASSED-IN LANAIWELL-MAINTAINED COMMUNITYEXTRA STORAGE

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $140k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $335 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $140k).
  • Recommended offer: $136k (3.0% 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: 286 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 $15k of equity ($967 loan paydown + $14k 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 $39k cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 50 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 12y 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 $60k; list at $140k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; HOA is 23% 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 $135,703 (3.0% below list)

Questions for the listing agent

  1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. 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?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  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
1.75%
Cap rate
9.74%
Cash-on-cash
12.30%
DSCR
1.55
GRM
4.8

CMA / ARV

ARV (median comp)
$165,427
List price
$139,900
Delta
-15.43%
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
2929 SE Ocean Blvd Unit 103-9 0.00mi 2/2.0 1,005 (0%) 0mo $125,000 $124 100
2929 SE Ocean Blvd Unit 134-3 0.00mi 2/2.0 1,005 (0%) 1mo $111,500 $111 99
2929 SE Ocean Blvd Unit 131-10 0.15mi 2/2.0 992 (-1%) 1mo $145,000 $146 90
2929 SE Ocean Blvd Unit 142-3 0.34mi 2/2.0 1,005 (0%) 2mo $120,000 $119 83
2600 SE Ocean Blvd Unit Bb2 0.24mi 2/2.0 1,089 (+8%) 0mo $152,000 $140 75
2929 SE Ocean Blvd Unit O4 0.00mi 2/2.0 837 (-17%) 1mo $129,500 $155 74
2950 SE Ocean Blvd Unit 6-3 0.23mi 2/2.0 1,134 (+13%) 1mo $165,000 $146 67
1800 SE Saint Lucie Blvd Unit 7-205 0.87mi 2/2.0 1,044 (+4%) 1mo $180,000 $172 58
1800 SE Saint Lucie Blvd Unit 5-101 0.89mi 2/2.0 1,051 (+5%) 1mo $205,000 $195 56
1800 SE Saint Lucie Blvd Unit 9-101 0.89mi 2/2.0 1,051 (+5%) 2mo $250,000 $238 56
2600 SE Ocean Blvd Unit F12 0.24mi 1/1.5 (-1) 814 (-19%) 1mo $109,900 $135 56
282 SE Edgewood Dr 0.81mi 2/2.0 1,200 (+19%) 1mo $545,000 $454 39

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
31.9%
Equity multiple
3.50×
Total profit
$97,966
Equity at exit
$126,033
10-year hold
IRR
27.6%
Equity multiple
7.96×
Total profit
$272,554
Equity at exit
$271,795

Cash invested: $39,172 (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.

Active competition Active MLS

For sale now
2 active · 5 under contract
Median asking
$207,000 ($199/sqft)
Median days on market
276 d
This list price
50% of active listings are priced below it
ARV vs active asking
-17.2% 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
286
Price-to-rent
4.8×

Monthly cashflow live

Estimated rent
$2,449 high interval (Pro) →
Mortgage (P&I)
$734
Tax from tax record
$174 /mo · $2,089/yr
Insurance
$58
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$567
Vacancy / Maint / Mgmt
$514
Net cashflow
$335

Break-even live

Break-even rent $2,025
Max offer price $139,900
Occupancy floor 81%

Sensitivity live

Price -10% $414 -5% $375 +0% $335 +5% $296 +10% $256
Rent -10% $142 -5% $238 +0% $335 +5% $432 +10% $529
Rate -1.0pp $406 -0.5pp $371 base $335 +0.5pp $299 +1.0pp $262

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
$34,975
Closing costs
$4,197
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 17 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2950 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 1035 $2,000 $1.93 15d 6 0.07mi
2950 SE Ocean Blvd Stuart, FL 2.0 2.0 1157 $1,800 $1.56 63d 3 0.07mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.0–2.0 812 $2,400 $2.96 72d 6 0.18mi
2929 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 850 $2,400 $2.82 15d 6 0.18mi
2600 SE Ocean Blvd Stuart, FL 2.0 2.0 1089 $1,725 $1.58 15d 2 0.22mi
2600 SE Ocean Blvd Stuart, FL 1.0–2.0 1.5–2.0 951 $1,900 $2.00 63d 3 0.22mi
2929 SE Ocean Blvd Unit 130 Stuart, FL 2.0 2.0 1005 $1,800 $1.79 72d 1 0.34mi
1196 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1309 $4,300 $3.28 72d 1 0.41mi
300 SE Saint Lucie Blvd Stuart, FL 1.0–3.0 1.0–2.0 884 $2,214 $2.50 15d 14 0.54mi
262 SE Monterey Ave Stuart, FL 3.0 1.0 1001 $3,500 $3.50 72d 1 0.63mi
175 SE Saint Lucie Blvd Stuart, FL 2.0 2.0–2.5 1300 $2,800 $2.15 15d 5 0.73mi
150 SE Four Winds Dr Unit B303 Stuart, FL 2.0 2.0 1359 $2,500 $1.84 72d 1 0.80mi
333 SE Martin Ave Stuart, FL 2.0 1.0 778 $1,625 $2.09 15d 2 0.82mi
333 SE Martin Ave Unit 1F Stuart, FL 2.0 1.0 778 $1,800 $2.31 72d 1 0.82mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL 2.0 2.0 1044 $1,900 $1.82 15d 1 0.86mi
1800 SE Saint Lucie Blvd Stuart, FL 2.0 2.0 1044 $2,600 $2.49 72d 3 0.90mi
217 SE Coconut Ave Stuart, FL 2.0 1.0 1197 $4,750 $3.97 15d 1 1.35mi

Property features AI

Finance

Other
Senior community
Financial info
No land leasePets not allowed
HOA & community
Part of Cedar Pointe Village 8 associationMonthly HOA fee (paid monthly)Association amenities include clubhouse, pool, shuffleboard, car wash area, community room, storage, laundry, parking, kitchen facilities, maintained community, street lights, recreation facilities, internet included and common area maintenanceHOA fee covers cable TV, insurance, internet, grounds maintenance, pest control, sewer, trash, water, common areas, reserve funds, roof repairs and recreation facility

Exterior

Parking
Assigned parking with guest and open spaces (total 1 parking space)No carport
Security
Smoke detector(s)
Utilities
Public waterPublic sewerElectricity connected (220V in kitchen; three phase)Cable connectedWater availableSewer available
Home design
CondominiumOne storyEntry level living areaFaces north
Construction
Block/Concrete/Stucco/CBS constructionBuilt-up, mansard and shingle roof optionsSlab foundationResale condition
Exterior features
Covered patio and additional patioGlass-enclosed patioLandscaped groundsPrivate maintained asphalt road frontageNot waterfront

Interior

Kitchen
DishwasherElectric rangeMicrowaveRefrigeratorGarbage disposalElectric water heater
Bedrooms
2 bedrooms on the main level
Flooring
CarpetTile
Bathrooms
2 full bathrooms on the main level
Heating & cooling
Central electric heatingCentral air conditioningCeiling fan(s)
Interior features
FurnishedBlinds and drapesSmoke detector(s)
Laundry & utility
Laundry room with sinkCommon area laundry availableInside laundry access on upper level

HOA detail $567/mo · $6,804/yr condo

Likely covers
watersewertrashinternetcableinsurancepool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 39 events

  1. 2026-08-08
    days on market $139,900 Active 50 DOM
  2. 2026-08-07
    days on market $139,900 Active 49 DOM
  3. 2026-08-06
    days on market $139,900 Active 48 DOM
  4. 2026-08-05
    days on market $139,900 Active 47 DOM
  5. 2026-08-04
    days on market $139,900 Active 46 DOM
  6. 2026-08-03
    days on market $139,900 Active 45 DOM
  7. 2026-07-31
    days on market $139,900 Active 42 DOM
  8. 2026-07-29
    days on market $139,900 Active 40 DOM
  9. 2026-07-27
    days on market $139,900 Active 38 DOM
  10. 2026-07-25
    days on market $139,900 Active 36 DOM
  11. 2026-07-23
    days on market $139,900 Active 34 DOM
  12. 2026-07-22
    days on market $139,900 Active 33 DOM
  13. 2026-07-21
    days on market $139,900 Active 32 DOM
  14. 2026-07-18
    days on market $139,900 Active 29 DOM
  15. 2026-07-16
    days on market $139,900 Active 27 DOM
  16. 2026-07-16
    days on market $139,900 Active 26 DOM
  17. 2026-07-14
    days on market $139,900 Active 25 DOM
  18. 2026-07-13
    days on market $139,900 Active 24 DOM
  19. 2026-07-12
    days on market $139,900 Active 23 DOM
  20. 2026-07-11
    days on market $139,900 Active 22 DOM
  21. 2026-07-10
    days on market $139,900 Active 21 DOM
  22. 2026-07-09
    days on market $139,900 Active 20 DOM
  23. 2026-07-08
    days on market $139,900 Active 19 DOM
  24. 2026-07-07
    days on market $139,900 Active 18 DOM
  25. 2026-07-06
    days on market $139,900 Active 17 DOM
  26. 2026-07-05
    days on market $139,900 Active 16 DOM
  27. 2026-07-04
    days on market $139,900 Active 15 DOM
  28. 2026-07-03
    days on market $139,900 Active 14 DOM
  29. 2026-07-02
    days on market $139,900 Active 13 DOM
  30. 2026-07-01
    days on market $139,900 Active 12 DOM
  31. 2026-06-30
    days on market $139,900 Active 11 DOM
  32. 2026-06-29
    days on market $139,900 Active 10 DOM
  33. 2026-06-28
    days on market $139,900 Active 9 DOM
  34. 2026-06-28
    days on market $139,900 Active 8 DOM
  35. 2026-06-27
    days on market $139,900 Active 7 DOM
  36. 2026-06-25
    days on market $139,900 Active 5 DOM
  37. 2026-06-23
    days on market $139,900 Active 3 DOM
  38. 2026-06-21
    remarks 690-char remark
  39. 2026-06-21
    listed $139,900 Active 2 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
$2,089 · $174/mo
Projected year-2 tax
$2,089 · $174/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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$29,388
− Mortgage interest
−$7,837
− Property taxes
−$2,089
− Insurance
−$1,497
− Repairs & maintenance
−$2,351
− Management
−$2,351
− HOA
−$6,804
− Depreciation
−$4,070
Taxable income
$2,389
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$573
After-tax cash flow
$3,449/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

Good 80/100 Cosmetic rehab Est. rehab $5,025–$15,075 screening

This fully furnished 2-bedroom, 2-bath condo is in good condition with minimal repairs needed. Painting the exterior and landscaping would significantly enhance its curb appeal and value.

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and value
  • Both Landscaping — Improves curb appeal and enhances property value

ⓘ Rehab cost is a screening estimate — Cosmetic 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

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

Price history

+636.3% since first listed
13 events — show timeline
  • 2026-06-18 Listed $139,900 Beaches MLS
  • 2026-02-12 Listing Removed Beaches MLS
  • 2026-01-22 Price Changed $115,000 Beaches MLS
  • 2026-01-22 Price Changed $115,000 MCRTC
  • 2025-01-29 Listed $165,000 MCRTC
  • 2025-01-29 Listed $165,000 Beaches MLS
  • 2016-01-11 Price Changed $60,000 MCRTC
  • 2014-04-04 Sold (Public Records) $60,000 Public Records
  • 2014-03-31 Sold (MLS) $60,000 MCRTC
  • 2014-03-31 Price Changed $69,000 MCRTC
  • 2014-02-05 Listed $69,000 MCRTC
  • 1999-03-01 Sold (Public Records) $34,500 Public Records
  • 1972-05-01 Sold (Public Records) $19,000 Public Records

Property tax history

+9.0%/yr

Latest (2025): $2,089 · +1.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…