1900 S Kanner Hwy Unit 5-204 · Stuart, FL 34994

$100,000

2 bd · 2.0 ba · 1,032 sqft · Condo public records · 104 Days on market

Built 1969 $97/sqft · 43% below area Est $175k · 43% under $660/mo HOA · 29% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Just reduced! Clear title and no code violations! This charming 2-bedroom, 2-bathroom second-floor condominium in the sought-after Tierra Verde community offers a perfect blend of comfort and convenience while remaining affordable. Spanning 1,032 square feet, the unit features a spacious living area that opens to an expansive 7x27 ft screened lanai, ideal for enjoying the Florida breeze. The split-bedroom floor plan provides privacy, complemented by an in-unit washer for added ease. Located steps from the community pool, residents enjoy prime access to top-tier amenities, including a clubhouse, fitness center, and shuffleboard. The monthly condo fee covers essential services such as water, sewer, trash, cable, and exterior maintenance. Nestled in the heart of Stuart, this CBS-constructed home is minutes from local beaches and dining. Whether you are looking for a seasonal retreat or a permanent residence, this move-in-ready unit is an exceptional opportunity. All measurements to be verified by buyer.

Key facts

• Fitness center
• Clubhouse
• Community pool

Tags

• SCREENED LANAI
• COMMUNITY POOL
• CLUBHOUSE
• FITNESS CENTER
• SHUFFLEBOARD
• CBS CONSTRUCTED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $401 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $91k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 3.5% in Stuart — 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 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.
• Market conditions: Rents soft (-0.7%/yr); 259 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 ($63k/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 $691 of loan paydown is wiped out by about $3k 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 104 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $30k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $100k implies a 122% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• 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 $91,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 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 1969 — 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 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: 2.26% ✓
• Cap rate: 11.10%
• Cash-on-cash: 17.19%
• DSCR: 1.76
• GRM: 3.7

CMA / ARV

• ARV (median comp): $174,946
• List price: $100,000
• Delta: -42.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 3.1%
• Equity multiple: 1.11×
• Total profit: $3,179
• Equity at exit: $14,910

10-year hold

• IRR: 7.3%
• Equity multiple: 1.43×
• Total profit: $11,951
• Equity at exit: $8,646

Cash invested: $28,000 (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 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 259
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $2,258 high
• Mortgage (P&I): −$524
• Tax from tax record: −$156 /mo · $1,876/yr
• Insurance: −$42
• HOA: −$660
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $401

Break-even live

Break-even rent $1,750

Max offer price $100,000

Occupancy floor 77%

Sensitivity live

Price	-10% $458	-5% $429	+0% $401	+5% $373	+10% $344
Rent	-10% $223	-5% $312	+0% $401	+5% $490	+10% $579
Rate	-1.0pp $451	-0.5pp $426	base $401	+0.5pp $375	+1.0pp $349

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 S Kanner Hwy Unit 2-203 Stuart, FL	2.0	2.0	1086	$1,800	$1.66	15d	1	0.03mi
1871 SW Palm City Rd Unit G401 Stuart, FL	3.0	2.0	1289	$2,200	$1.71	24d	1	0.16mi
85 SE Hancock St Stuart, FL	1.0–2.0	1.0–2.0	1278	$2,300	$1.80	15d	2	0.19mi
47 SE Sedona Cir #203 Stuart, FL	3.0	2.5	1450	$2,200	$1.52	24d	1	0.31mi
44 SE Sedona Cir #201 Stuart, FL	3.0	2.0	1443	$2,200	$1.52	24d	1	0.31mi
1950 SW Palm City Rd Stuart, FL	2.0	2.0	1031	$3,150	$3.05	24d	3	0.33mi
1950 SW Palm City Rd Unit 4-4205 Stuart, FL	2.0	2.0	938	$2,400	$2.56	15d	1	0.33mi
1868 SW Palm City Rd Apt 202 Stuart, FL	2.0	2.0	1191	$2,900	$2.43	24d	1	0.35mi
345 SE Angler Dr Stuart, FL	3.0	2.5	1475	$2,650	$1.80	22d	1	0.42mi
400 SE Central Pkwy Stuart, FL	1.0–2.0	1.0–2.0	918	$2,640	$2.87	15d	16	0.47mi
2600 S Kanner Hwy Stuart, FL	1.0–2.0	1.5–2.0	890	$1,950	$2.19	15d	3	0.53mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.0	850	$2,000	$2.35	15d	4	0.61mi
950 S Kanner Hwy Stuart, FL	1.0–2.0	1.0–2.5	1062	$2,000	$1.88	24d	5	0.61mi
950 S Kanner Hwy Stuart, FL	2.0	2.0	1019	$1,888	$1.85	22d	3	0.61mi
801 SE Central Pkwy #7 Stuart, FL	2.0	2.0	1046	$2,150	$2.06	15d	1	0.76mi
701 SW Bryant Ave Stuart, FL	2.0	1.0	1295	$3,300	$2.55	15d	1	0.85mi
801 SE Central Ave Stuart, FL	3.0	1.0	899	$2,300	$2.56	15d	1	0.94mi
2819 SW Cornell Ave Palm City, FL	2.0	1.5	1060	$2,150	$2.03	22d	1	0.96mi
917 SE Nassau Ave Stuart, FL	2.0	1.0	832	$1,900	$2.28	22d	1	1.03mi
917 SE Nassau Ave Stuart, FL	2.0	1.0	832	$3,800	$4.57	24d	1	1.03mi
524 SW St Lucie Cres Stuart, FL	1.0	1.0	610	$1,925	$3.16	15d	5	1.07mi
2104 SE Edler Dr Stuart, FL	1.0	1.0	726	$1,500	$2.07	24d	1	1.15mi
2118 SE Edler Dr Unit B Stuart, FL	2.0	2.0	876	$1,995	$2.28	24d	1	1.15mi
2124 SE Edler Dr Stuart, FL	2.0	2.0	876	$1,800	$2.05	24d	1	1.16mi
310 SE Denver Ave Unit 2 Stuart, FL	2.0	2.0	1300	$2,900	$2.23	15d	1	1.18mi
1215 SE Glenwood Dr Stuart, FL	2.0	2.0	1089	$1,859	$1.71	15d	10	1.26mi
1634 SW Crossing Cir Palm City, FL	2.0	1.5	1258	$2,200	$1.75	24d	1	1.26mi
201 SW Joan Jefferson Way Stuart, FL	2.0–3.0	2.0	1400	$2,545	$1.82	15d	10	1.27mi
47 SW Osceola St Unit UN206 Stuart, FL	2.0	2.0	1276	$3,900	$3.06	24d	1	1.28mi
47 SW Osceola St #206 Stuart, FL	2.0	2.0	1276	$4,000	$3.13	24d	1	1.28mi
41 SW Seminole St Stuart, FL	3.0	1.0–2.5	1353	$13,167	$9.73	24d	3	1.31mi
3001 SE Aster Ln #908 Stuart, FL	2.0	2.0	1209	$2,100	$1.74	24d	1	1.36mi
1485 SW Silver Pine Way Unit 107 B-2 Palm City, FL	1.0	1.0	830	$1,650	$1.99	24d	1	1.37mi
544 SW 35th St Palm City, FL	2.0	1.0	850	$1,850	$2.18	24d	1	1.38mi
664 SW 35th St Unit 6 Palm City, FL	2.0	1.5	900	$1,850	$2.06	15d	1	1.41mi
664 SW 35th St Apt 3 Palm City, FL	2.0	1.5	900	$1,775	$1.97	15d	1	1.41mi
3031 SE Aster Ln Unit 608 Stuart, FL	2.0	2.0	1019	$1,870	$1.84	24d	1	1.43mi
3151 SE Aster Ln #1306 Stuart, FL	2.0	2.0	1034	$1,800	$1.74	24d	1	1.44mi
3405 SW Feroe Ave Palm City, FL	2.0	2.0	1275	$2,800	$2.20	24d	1	1.45mi
1544 SW Silver Pine Way Unit F-104 Palm City, FL	2.0	2.0	1170	$2,500	$2.14	15d	1	1.47mi

HOA detail condo

• Monthly dues: $660 · $7,920/yr
• Likely covers: watersewertrashcableexterior maint.poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-19
   status $100,000 Pending 104 DOM
2. 2026-06-18
   days on market $100,000 Active 104 DOM
3. 2026-06-17
   days on market $100,000 Active 103 DOM
4. 2026-06-16
   days on market $100,000 Active 102 DOM
5. 2026-06-15
   days on market $100,000 Active 101 DOM
6. 2026-06-14
   days on market $100,000 Active 99 DOM
7. 2026-06-13
   days on market $100,000 Active 98 DOM
8. 2026-06-10
   days on market $100,000 Active 96 DOM
9. 2026-06-09
   days on market $100,000 Active 95 DOM
10. 2026-06-08
    days on market $100,000 Active 94 DOM
11. 2026-06-07
    pricestatusdays on market $100,000 Active 93 DOM
12. 2026-05-31
    statusdays on market $115,000 Pending 91 DOM
13. 2026-04-28
    price $115,000 1016-char remark

    Show marketing remark (1016 chars)

    Just reduced! Clear title and no code violations! This charming 2-bedroom, 2-bathroom second-floor condominium in the sought-after Tierra Verde community offers a perfect blend of comfort and convenience while remaining affordable. Spanning 1,032 square feet, the unit features a spacious living area that opens to an expansive 7x27 ft screened lanai, ideal for enjoying the Florida breeze. The split-bedroom floor plan provides privacy, complemented by an in-unit washer for added ease. Located steps from the community pool, residents enjoy prime access to top-tier amenities, including a clubhouse, fitness center, and shuffleboard. The monthly condo fee covers essential services such as water, sewer, trash, cable, and exterior maintenance. Nestled in the heart of Stuart, this CBS-constructed home is minutes from local beaches and dining. Whether you are looking for a seasonal retreat or a permanent residence, this move-in-ready unit is an exceptional opportunity. All measurements to be verified by buyer.

14. 2026-04-08
    price $60,000 1016-char remark

    Show marketing remark (1016 chars)

    Just reduced! Clear title and no code violations! This charming 2-bedroom, 2-bathroom second-floor condominium in the sought-after Tierra Verde community offers a perfect blend of comfort and convenience while remaining affordable. Spanning 1,032 square feet, the unit features a spacious living area that opens to an expansive 7x27 ft screened lanai, ideal for enjoying the Florida breeze. The split-bedroom floor plan provides privacy, complemented by an in-unit washer for added ease. Located steps from the community pool, residents enjoy prime access to top-tier amenities, including a clubhouse, fitness center, and shuffleboard. The monthly condo fee covers essential services such as water, sewer, trash, cable, and exterior maintenance. Nestled in the heart of Stuart, this CBS-constructed home is minutes from local beaches and dining. Whether you are looking for a seasonal retreat or a permanent residence, this move-in-ready unit is an exceptional opportunity. All measurements to be verified by buyer.

15. 2026-03-21
    status Active 1016-char remark

    Show marketing remark (1016 chars)

    Just reduced! Clear title and no code violations! This charming 2-bedroom, 2-bathroom second-floor condominium in the sought-after Tierra Verde community offers a perfect blend of comfort and convenience while remaining affordable. Spanning 1,032 square feet, the unit features a spacious living area that opens to an expansive 7x27 ft screened lanai, ideal for enjoying the Florida breeze. The split-bedroom floor plan provides privacy, complemented by an in-unit washer for added ease. Located steps from the community pool, residents enjoy prime access to top-tier amenities, including a clubhouse, fitness center, and shuffleboard. The monthly condo fee covers essential services such as water, sewer, trash, cable, and exterior maintenance. Nestled in the heart of Stuart, this CBS-constructed home is minutes from local beaches and dining. Whether you are looking for a seasonal retreat or a permanent residence, this move-in-ready unit is an exceptional opportunity. All measurements to be verified by buyer.

16. 2026-02-19
    status Pending 1016-char remark

    Show marketing remark (1016 chars)

    Just reduced! Clear title and no code violations! This charming 2-bedroom, 2-bathroom second-floor condominium in the sought-after Tierra Verde community offers a perfect blend of comfort and convenience while remaining affordable. Spanning 1,032 square feet, the unit features a spacious living area that opens to an expansive 7x27 ft screened lanai, ideal for enjoying the Florida breeze. The split-bedroom floor plan provides privacy, complemented by an in-unit washer for added ease. Located steps from the community pool, residents enjoy prime access to top-tier amenities, including a clubhouse, fitness center, and shuffleboard. The monthly condo fee covers essential services such as water, sewer, trash, cable, and exterior maintenance. Nestled in the heart of Stuart, this CBS-constructed home is minutes from local beaches and dining. Whether you are looking for a seasonal retreat or a permanent residence, this move-in-ready unit is an exceptional opportunity. All measurements to be verified by buyer.

17. 2026-01-29
    listed $129,900 Active 1016-char remark

    Show marketing remark (1016 chars)

    Just reduced! Clear title and no code violations! This charming 2-bedroom, 2-bathroom second-floor condominium in the sought-after Tierra Verde community offers a perfect blend of comfort and convenience while remaining affordable. Spanning 1,032 square feet, the unit features a spacious living area that opens to an expansive 7x27 ft screened lanai, ideal for enjoying the Florida breeze. The split-bedroom floor plan provides privacy, complemented by an in-unit washer for added ease. Located steps from the community pool, residents enjoy prime access to top-tier amenities, including a clubhouse, fitness center, and shuffleboard. The monthly condo fee covers essential services such as water, sewer, trash, cable, and exterior maintenance. Nestled in the heart of Stuart, this CBS-constructed home is minutes from local beaches and dining. Whether you are looking for a seasonal retreat or a permanent residence, this move-in-ready unit is an exceptional opportunity. All measurements to be verified by buyer.

18. 2016-06-26
    historical
19. 2011-05-01
    historical
20. 2010-10-14
    listed $39,900
21. 2007-12-07
    listed $88,891
22. 2001-05-09
    soldstatus $45,000
23. 1978-03-01
    soldstatus $26,000

ⓘ 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: $1,876 · $156/mo
• Projected year-2 tax: $1,876 · $156/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 4/10 Moderate FEMA zone X (unshaded) · 21% 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,090
• − Mortgage interest: −$5,602
• − Property taxes: −$1,876
• − Insurance: −$500
• − Repairs & maintenance: −$2,167
• − Management: −$2,167
• − HOA: −$7,920
• − Depreciation: −$2,909
• Taxable income: $3,949
• Est. tax owed @ 24.0%: −$948
• After-tax cash flow: $3,864/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 — 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 · 165,223 people
• City population: 65,812
• Metro: Port St. Lucie, FL
• Population (ZIP): 18,737
• Household income: $62,533
• Rent vs Own: 42.1% rent · 57.9% own
• Severe rent burden: 1408.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 21% Two or more races 12% Black 11%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 16% Russian/Polish/Slavic 2% 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: ▼ -130.08%
• Current HPI: 349.7061
• Rent YoY: ▼ -0.69%
• 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

+342.3% since first listed

11 events — show timeline

• 2026-04-28 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $60,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2016-06-26 Listing Removed — MCRTC
• 2011-05-01 Listing Removed — MCRTC
• 2010-10-14 Listed $39,900 MCRTC
• 2007-12-07 Listed $88,891 MCRTC
• 2001-05-09 Sold (Public Records) $45,000 Public Records
• 1978-03-01 Sold (Public Records) $26,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,876 · -3.7% YoY. Source: county tax records.