293 NE Moonstone Dr · Jensen Beach, FL 34957

$64,900

2 bd · 2.0 ba · 1,328 sqft · Manufactured · 338 Days on market

Built 1981 Good condition $49/sqft · 7% below area Est $70k · 7% under ↓ 55% since listing

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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 +10.8/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

Key facts

• 2 parking spots
• Community pool
• Built 1981

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $65k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 32.4% vs local median 4.1% in Jensen Beach — 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 70/100 on livability (#432 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: amenities F, commute F, health & safety 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 rising (+1.0%/yr); 536 active listings in the ZIP; 27 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 40% 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 $449 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 1.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 338 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $32k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $57,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 338 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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?
5. 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.
6. 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.
7. 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: 3.63% ✓
• Cap rate: 32.37%
• Cash-on-cash: 93.12%
• DSCR: 5.14
• GRM: 2.3

CMA / ARV

• ARV (median comp): $70,000
• List price: $64,900
• Delta: -7.29%
• Verdict: FAIR
• Comps: 11 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
452 NE Pinelake Village Blvd	0.10mi	2/2.0	1,344 (+1%)	4mo	$55,500	$41	90
66 NE Pinelake Village Blvd	0.34mi	2/2.0	1,376 (+4%)	4mo	$70,000	$51	74
94 N North Warner Dr	0.41mi	2/2.0	1,404 (+6%)	2mo	$200,000	$142	70
434 NE Topaz Ter	0.13mi	2/2.0	1,152 (-13%)	6mo	$50,000	$43	67
85 S Warner Dr	0.41mi	2/2.0	1,392 (+5%)	10mo	$58,000	$42	64
151 Sharyon Ln	0.36mi	2/2.0	1,152 (-13%)	4mo	$89,000	$77	58
4 N North Warner Dr	0.44mi	2/2.0	1,152 (-13%)	1mo	$62,500	$54	56
75 S Warner Dr	0.41mi	2/2.0	1,200 (-10%)	14mo	$49,900	$42	53

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: 91.7%
• Equity multiple: 5.11×
• Total profit: $74,689
• Equity at exit: $9,677

10-year hold

• IRR: 94.1%
• Equity multiple: 9.94×
• Total profit: $162,531
• Equity at exit: $5,611

Cash invested: $18,172 (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.

Methodology + full state rankings →

ZIP-level market 34957

• Rents YoY: 1.0%
• Active inventory: 536
• Price-to-rent: 2.3×

Monthly cashflow live

• Estimated rent: $2,353 high
• Mortgage (P&I): −$340
• Tax est. 1.5%: −$81 /mo · $974/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $1,410

Break-even live

Break-even rent $568

Max offer price $64,900

Occupancy floor 35%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1585 NE Beacon Dr #1103 Jensen Beach, FL	2.0	2.0	961	$1,495	$1.56	23d	1	0.32mi
1617 NE Nautical Pl Jensen Beach, FL	2.0	2.0	961	$1,850	$1.93	13d	1	0.38mi
1411 NE 14th Ct #13 Jensen Beach, FL	2.0	2.0	1100	$3,000	$2.73	23d	1	0.46mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	23d	1	0.50mi
1550 NE 13th Ter Unit B16 Jensen Beach, FL	2.0	2.0	1272	$1,800	$1.42	23d	1	0.56mi
1999 NE Collins Cir Unit 3-80 Jensen Beach, FL	2.0	2.0	1067	$1,775	$1.66	23d	1	0.58mi
2013 NE Collins Cir #50 Jensen Beach, FL	2.0	2.0	903	$1,800	$1.99	13d	1	0.60mi
1971 NE Collins Cir #20 Jensen Beach, FL	2.0	2.0	1037	$1,750	$1.69	23d	1	0.60mi
2563 NE Palm Ave Jensen Beach, FL	2.0	2.0	950	$2,400	$2.53	23d	1	0.62mi
1903 NE Media Ave Jensen Beach, FL	2.0	2.0	1324	$2,400	$1.81	23d	1	0.70mi
2506 NE Heron's Walk Jensen Beach, FL	2.0	1.0	1000	$2,400	$2.40	23d	1	0.71mi
2646 NE Pelican Way Jensen Beach, FL	1.0	1.0	1000	$2,400	$2.40	23d	1	0.75mi
2632 NE Pelican Way Jensen Beach, FL	2.0	1.0	1000	$4,800	$4.80	23d	1	0.75mi
2831 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1248	$3,000	$2.40	23d	1	0.92mi
297 NE Coastal DR #297 Jensen Beach, FL	2.0	2.0	1000	$3,000	$3.00	23d	1	0.97mi
2952 NE Savannah Rd Jensen Beach, FL	3.0	2.0	1056	$3,000	$2.84	23d	1	1.03mi
1366 NE Hilltop St Jensen Beach, FL	2.0	2.0	1596	$2,700	$1.69	23d	1	1.07mi
1097 NE Kubin Ave Jensen Beach, FL	2.0	1.5	952	$2,450	$2.57	23d	1	1.07mi
590 NE Lima Vias Jensen Beach, FL	2.0	2.0	1295	$3,300	$2.55	23d	1	1.09mi
3111 NE Savannah Rd Jensen Beach, FL	2.0	1.0	1085	$1,995	$1.84	13d	1	1.11mi
3121 NE Savannah Rd Unit 3121 Jensen Beach, FL	3.0	1.0	1085	$2,095	$1.93	23d	1	1.12mi
3123 NE Savannah Rd Unit 3123 Jensen Beach, FL	3.0	2.0	1100	$2,195	$2.00	23d	1	1.13mi
1001 NE Baker Rd Stuart, FL	1.0–3.0	1.0–2.0	952	$2,280	$2.40	13d	27	1.15mi
3393 NE Sandra Dr Jensen Beach, FL	3.0	3.0	1547	$2,700	$1.75	23d	1	1.29mi
257 Preserve Trl N Stuart, FL	3.0	2.5	1652	$2,700	$1.63	23d	1	1.33mi
3450 NE Linda Dr Jensen Beach, FL	2.0	1.0	1240	$2,500	$2.02	23d	1	1.35mi
3489 NE Linda Dr Jensen Beach, FL	3.0	2.0	1572	$3,150	$2.00	23d	1	1.37mi

Listing history 30 events

1. 2026-06-18
   days on market $64,900 Active 338 DOM
2. 2026-06-17
   days on market $64,900 Active 337 DOM
3. 2026-06-16
   days on market $64,900 Active 336 DOM
4. 2026-06-15
   days on market $64,900 Active 335 DOM
5. 2026-06-14
   days on market $64,900 Active 333 DOM
6. 2026-06-13
   days on market $64,900 Active 332 DOM
7. 2026-06-10
   days on market $64,900 Active 330 DOM
8. 2026-06-09
   days on market $64,900 Active 329 DOM
9. 2026-06-08
   days on market $64,900 Active 328 DOM
10. 2026-06-07
    days on market $64,900 Active 327 DOM
11. 2026-06-03
    days on market $64,900 Active 323 DOM
12. 2026-06-02
    days on market $64,900 Active 322 DOM
13. 2026-06-01
    days on market $64,900 Active 321 DOM
14. 2026-05-31
    days on market $64,900 Active 320 DOM
15. 2026-05-31
    days on market $64,900 Active 319 DOM
16. 2026-03-27
    price $64,900 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

17. 2026-02-20
    price $69,900 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

18. 2026-01-06
    price $79,900 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

19. 2026-01-06
    status Active 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

20. 2026-01-01
    historical 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

21. 2025-08-04
    status Active 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

22. 2025-08-02
    historical 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

23. 2025-07-08
    listed $97,000 Active 665-char remark

    Show marketing remark (665 chars)

    Welcome to 293 Moonstone Drive, Jensen Beach, Fl. This charming double-wide home is nestled in the sought after 55+ community of Pinelake Village, just minutes from the ocean. This well maintained 2-bedroom, 2 bath-home comes partially furnished and is just a short stroll to the clubhouse and pool. You will love the Florida Room where you can relax, enjoy your favorite beverage, or just socialize with friends and family. Newer AC installed in 2022, Water Heater 2017, and Roof 2015. Lot rent is $805.00 per month and includes cable, trash removal, recycling and all clubhouse amenities. HOA Membership is voluntary and costs only $10.00 per year, per household.

24. 2025-04-23
    historical
25. 2025-02-02
    price $97,000
26. 2025-02-02
    price $75,000
27. 2025-01-22
    listed $93,000 Active
28. 2024-05-09
    historical
29. 2024-04-17
    price $139,900
30. 2024-02-16
    listed $145,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,233
• − Mortgage interest: −$3,635
• − Property taxes: −$974
• − Insurance: −$324
• − Repairs & maintenance: −$2,259
• − Management: −$2,259
• − Depreciation: −$1,888
• Taxable income: $16,894
• Est. tax owed @ 24.0%: −$4,055
• After-tax cash flow: $12,867/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 · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained double-wide home in Pinelake Village is move-in ready with a good condition score and minimal repairs needed.

Value-add opportunities

• Both Paint the exterior — Enhances curb appeal and resale value
• Both Replace the kitchen countertops — Improves functionality and resale value
• Both Install new flooring in the bathrooms — Enhances aesthetics and resale value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior — Enhances curb appeal and resale value ↑
• Both Replace the kitchen countertops — Improves functionality and resale value ↑
• Both Install new flooring in the bathrooms — Enhances aesthetics and resale value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Jensen Beach

• Score: 70/100
• State rank: #432
• US rank: #7719

Category grades

Amenities F Commute F Cost of living B+ 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: Jensen Beach, FL
• County: Martin County · 165,223 people
• City population: 23,462
• Metro: Port St. Lucie, FL
• Population (ZIP): 23,462
• Household income: $70,403
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 946.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Tagalog/Filipino 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: ▼ -319.66%
• Current HPI: 340.0172
• Rent YoY: ▲ 1.00%
• 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

-55.2% since first listed

15 events — show timeline

• 2026-03-27 Price Changed $64,900 Beaches MLS
• 2026-02-20 Price Changed $69,900 Beaches MLS
• 2026-01-06 Price Changed $79,900 Beaches MLS
• 2026-01-06 Relisted — Beaches MLS
• 2026-01-01 Listing Removed — Beaches MLS
• 2025-08-04 Relisted — Beaches MLS
• 2025-08-02 Listing Removed — Beaches MLS
• 2025-07-08 Listed $97,000 Beaches MLS
• 2025-04-23 Listing Removed — Beaches MLS
• 2025-02-02 Price Changed $97,000 Beaches MLS
• 2025-02-02 Price Changed $75,000 Beaches MLS
• 2025-01-22 Listed $93,000 Beaches MLS
• 2024-05-09 Listing Removed — Beaches MLS
• 2024-04-17 Price Changed $139,900 Beaches MLS
• 2024-02-16 Listed $145,000 Beaches MLS