2950 SE Ocean Blvd Unit 4-4 · Stuart, FL 34996

$129,000

2 bd · 2.0 ba · 1,134 sqft · Condo public records · 535 Days on market

Built 1972 Fair condition $114/sqft · 28% below area Est $180k · 28% under $661/mo HOA · 26% of rent

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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 +29.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 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

Desirable end unit condo on the second floor shows nice and bright. Multiple windows have been replaced with impact glass; the patio space flows into the rest of the home. Kitchen has had some updating and opens to the freshly painted dining and living room. Bedrooms are oversized; bathrooms boast newer vanities. Conveniently located steps away from the pool, clubhouse, car wash and other amenities. There is one assigned-covered parking space and plenty of guest spaces. Walking distance to stores and minutes to downtown beaches and other conveniences.

Key facts

• Oversized bedrooms
• Newer vanities
• Impact glass windows

Tags

• END UNIT CONDO
• IMPACT GLASS WINDOWS
• PATIO SPACE
• UPDATED KITCHEN
• OVERSIZED BEDROOMS
• NEWER VANITIES

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $129k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $129k).
• Recommended offer: $114k (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: 286 active listings in the ZIP; 19 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 $14k of equity ($892 loan paydown + $13k 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 $36k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 535 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask is 7488% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $44k; list at $129k implies a 193% 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 $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 535 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 1972 — 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: 1.97% ✓
• Cap rate: 10.39%
• Cash-on-cash: 14.63%
• DSCR: 1.65
• GRM: 4.2

CMA / ARV

• ARV (median comp): $180,136
• List price: $129,000
• Delta: -28.39%
• 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
2950 SE Ocean Blvd Unit 6-3	0.00mi	2/2.0	1,134 (0%)	1mo	$165,000	$146	99
2600 SE Ocean Blvd Unit Bb2	0.26mi	2/2.0	1,089 (-4%)	0mo	$152,000	$140	81
2929 SE Ocean Blvd Unit 103-9	0.23mi	2/2.0	1,005 (-11%)	0mo	$125,000	$124	70
2929 SE Ocean Blvd Unit 134-3	0.23mi	2/2.0	1,005 (-11%)	1mo	$111,500	$111	70
2929 SE Ocean Blvd Unit 131-10	0.35mi	2/2.0	992 (-12%)	1mo	$145,000	$146	62
1800 SE Saint Lucie Blvd Unit 7-205	0.65mi	2/2.0	1,044 (-8%)	1mo	$180,000	$172	56
1800 SE Saint Lucie Blvd Unit 5-101	0.68mi	2/2.0	1,051 (-7%)	1mo	$205,000	$195	55
282 SE Edgewood Dr	0.93mi	2/2.0	1,200 (+6%)	1mo	$545,000	$454	55
175 SE Saint Lucie Blvd Unit E130	0.93mi	2/2.0	1,300 (+15%)	1mo	$355,000	$273	40
175 SE St Lucie Blvd Unit D-2	0.94mi	2/2.0	1,300 (+15%)	1mo	$305,000	$235	39
150 SE Four Winds Dr Unit B401	0.96mi	2/2.0	1,350 (+19%)	1mo	$444,000	$329	39
351 SE Flamingo Ave	0.86mi	2/2.5	1,302 (+15%)	0mo	$490,000	$376	38

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: 33.6%
• Equity multiple: 3.62×
• Total profit: $94,571
• Equity at exit: $116,213

10-year hold

• IRR: 29.0%
• Equity multiple: 8.22×
• Total profit: $260,746
• Equity at exit: $250,619

Cash invested: $36,120 (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: 5 active · 5 under contract
• Median asking: $299,000 ($230/sqft)
• Median days on market: 93 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -30.9% 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: 4.2×

Monthly cashflow live

• Estimated rent: $2,540 high
• Mortgage (P&I): −$676
• Tax from tax record: −$175 /mo · $2,095/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$661
• Vacancy / Maint / Mgmt: −$533
• Net cashflow: $374

Break-even live

Break-even rent $2,066

Max offer price $129,000

Occupancy floor 80%

Sensitivity live

Price	-10% $447	-5% $411	+0% $374	+5% $337	+10% $301
Rent	-10% $173	-5% $274	+0% $374	+5% $474	+10% $575
Rate	-1.0pp $439	-0.5pp $407	base $374	+0.5pp $341	+1.0pp $307

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: $32,250
• Closing costs: $3,870
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 19 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	$2,000	$1.93	15d	6	0.15mi
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	63d	3	0.15mi
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
1196 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1309	$4,300	$3.28	72d	1	0.22mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	72d	6	0.37mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	850	$2,400	$2.82	15d	6	0.37mi
2929 SE Ocean Blvd Unit 130 Stuart, FL	2.0	2.0	1005	$1,800	$1.79	72d	1	0.52mi
1800 SE Saint Lucie Blvd Unit 10-207 Stuart, FL	2.0	2.0	1044	$1,900	$1.82	15d	1	0.66mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,214	$2.50	15d	14	0.67mi
1800 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1044	$2,600	$2.49	72d	3	0.70mi
262 SE Monterey Ave Stuart, FL	3.0	1.0	1001	$3,500	$3.50	72d	1	0.79mi
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$2,800	$2.15	15d	5	0.88mi
333 SE Martin Ave Stuart, FL	2.0	1.0	778	$1,625	$2.09	15d	2	0.89mi
333 SE Martin Ave Unit 1F Stuart, FL	2.0	1.0	778	$1,800	$2.31	72d	1	0.90mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	72d	1	0.97mi
3129 SE Indian St #3 Stuart, FL	2.0	1.5	986	$2,300	$2.33	72d	1	1.35mi
217 SE Coconut Ave Stuart, FL	2.0	1.0	1197	$4,750	$3.97	15d	1	1.40mi
2644 SE Normand St Unit 2644 Stuart, FL	2.0	1.5	1175	$1,850	$1.57	15d	1	1.49mi

HOA detail $661/mo · $7,932/yr condo

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

Listing history 50 events

1. 2026-08-08
   days on market $129,000 Active 535 DOM
2. 2026-08-07
   days on market $129,000 Active 534 DOM
3. 2026-08-06
   days on market $129,000 Active 533 DOM
4. 2026-08-05
   days on market $129,000 Active 532 DOM
5. 2026-08-04
   days on market $129,000 Active 531 DOM
6. 2026-08-03
   days on market $129,000 Active 530 DOM
7. 2026-07-31
   days on market $129,000 Active 527 DOM
8. 2026-07-29
   days on market $129,000 Active 525 DOM
9. 2026-07-27
   days on market $129,000 Active 523 DOM
10. 2026-07-25
    days on market $129,000 Active 521 DOM
11. 2026-07-23
    days on market $129,000 Active 519 DOM
12. 2026-07-22
    days on market $129,000 Active 518 DOM
13. 2026-07-21
    days on market $129,000 Active 517 DOM
14. 2026-07-18
    days on market $129,000 Active 514 DOM
15. 2026-07-16
    days on market $129,000 Active 512 DOM
16. 2026-07-16
    days on market $129,000 Active 511 DOM
17. 2026-07-14
    days on market $129,000 Active 510 DOM
18. 2026-07-13
    days on market $129,000 Active 509 DOM
19. 2026-07-12
    days on market $129,000 Active 508 DOM
20. 2026-07-11
    days on market $129,000 Active 507 DOM
21. 2026-07-10
    days on market $129,000 Active 506 DOM
22. 2026-07-09
    days on market $129,000 Active 505 DOM
23. 2026-07-08
    days on market $129,000 Active 504 DOM
24. 2026-07-07
    days on market $129,000 Active 503 DOM
25. 2026-07-06
    days on market $129,000 Active 502 DOM
26. 2026-07-05
    days on market $129,000 Active 501 DOM
27. 2026-07-04
    days on market $129,000 Active 500 DOM
28. 2026-07-03
    days on market $129,000 Active 499 DOM
29. 2026-07-02
    days on market $129,000 Active 498 DOM
30. 2026-07-01
    days on market $129,000 Active 497 DOM
31. 2026-06-30
    days on market $129,000 Active 496 DOM
32. 2026-06-29
    days on market $129,000 Active 495 DOM
33. 2026-06-28
    days on market $129,000 Active 494 DOM
34. 2026-06-28
    days on market $129,000 Active 493 DOM
35. 2026-06-27
    days on market $129,000 Active 492 DOM
36. 2026-06-25
    days on market $129,000 Active 490 DOM
37. 2026-06-23
    days on market $129,000 Active 488 DOM
38. 2026-06-21
    days on market $129,000 Active 487 DOM
39. 2026-06-18
    days on market $129,000 Active 484 DOM
40. 2026-06-17
    days on market $129,000 Active 483 DOM
41. 2026-06-16
    days on market $129,000 Active 482 DOM
42. 2026-06-15
    days on market $129,000 Active 481 DOM
43. 2026-06-14
    days on market $129,000 Active 479 DOM
44. 2026-06-13
    days on market $129,000 Active 478 DOM
45. 2026-06-10
    days on market $129,000 Active 476 DOM
46. 2026-06-09
    days on market $129,000 Active 475 DOM
47. 2026-06-08
    days on market $129,000 Active 474 DOM
48. 2026-06-07
    days on market $129,000 Active 473 DOM
49. 2026-06-03
    days on market $129,000 Active 469 DOM
50. 2026-06-02
    days on market $129,000 Active 468 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: $2,095 · $175/mo
• Projected year-2 tax: $2,095 · $175/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: $30,476
• − Mortgage interest: −$7,226
• − Property taxes: −$2,095
• − Insurance: −$1,442
• − Repairs & maintenance: −$2,438
• − Management: −$2,438
• − HOA: −$7,932
• − Depreciation: −$3,753
• Taxable income: $3,151
• Est. tax owed @ 24.0%: −$756
• After-tax cash flow: $3,732/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 $28,350–$51,030 screening

This end unit condo requires moderate renovations to the kitchen and bathrooms, as well as some landscaping improvements. The home is located in a desirable area with amenities, but the current condition limits its value.

Repairs flagged

• Major Kitchen cabinets — Dated and in need of replacement.
• Major Bathroom fixtures — Dated and in need of replacement.
• Minor Landscaping — Some overgrown areas need trimming.

Value-add opportunities

• Resale Kitchen renovation — Updating the kitchen with modern cabinetry and backsplash would significantly increase the home's appeal and value. ↑
• Resale Bathroom renovation — Updating the bathrooms with modern fixtures and finishes would significantly increase the home's appeal and value. ↑
• Both Landscaping — A well-maintained and aesthetically pleasing landscape would increase both resale and rental 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

-94.8% since first listed

14 events — show timeline

• 2026-05-01 Listed for Rent $1,700 MCRTC
• 2026-04-09 Price Changed $129,000 MCRTC
• 2026-04-07 Rental Removed $1,700 MCRTC
• 2026-03-06 Listed for Rent $1,700 MCRTC
• 2026-01-29 Price Changed $139,000 MCRTC
• 2026-01-16 Price Changed $146,500 MCRTC
• 2025-04-16 Price Changed $149,900 MCRTC
• 2025-02-18 Listed $169,900 MCRTC
• 2013-04-08 Sold (MLS) $44,000 MCRTC
• 2013-04-05 Sold (Public Records) $44,000 Public Records
• 2012-03-31 Listed $44,000 MCRTC
• 2007-12-31 Listing Removed — MCRTC
• 2007-03-23 Listed $108,000 MCRTC
• 1978-01-01 Sold (Public Records) $33,000 Public Records

Property tax history

+8.6%/yr

Latest (2025): $2,095 · -1.1% YoY. Source: county tax records.