381 SE Edgewood Dr · Stuart, FL 34996

$599,000

3 bd · 2.0 ba · 1,740 sqft · SingleFamily public records · 36 Days on market

Built 1972 8,832 sqft lot $344/sqft · 12% below area Est $677k · 12% under

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Why this score? — see what drove the D 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).

• ARV discount +12.7/15.0
• Appreciation +10.0/10.0
• Cash flow +4.8/30.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.4/10.0
• DSCR +0.0/10.0

Listing remarks MLS

New metal roof in 2026 and interior completely remodeled in 2024 with impact glass windows, doors, and garage door, new quartz countertops, all-new appliances, luxury vinyl plank throughout, and two fully renovated bathrooms with new tile, vanities, and fixtures. No HOA. The layout includes an entryway, living room, eat-in kitchen and family room. The primary suite has a walk-in closet and double sinks. Three bedrooms, two bathrooms. Deep garage with laundry and utility sink. Corner lot in a highly desirable Stuart neighborhood already connected to city water and sewer. Located just minutes from downtown Stuart, waterfront parks, bike paths, the river and public beaches!

Key facts

• 8,832 sq ft lot
• Garage
• Built 1972

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $599k.

Deal economics

• At list price, monthly cash flow is $-1k ($-18k/yr) — negative.
• To cash-flow at today's rent, offer at most $339k (43.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $326k (45.6% below list).
• Recommended offer: $326k (45.6% below list) — sets the bar for 1% rule.

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: 251 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• At $3,257/mo this rent would consume 47% of the median local household income ($84k/yr) (locally 247% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $64k of equity ($4k loan paydown + $60k appreciation (10.0% local appreciation)).
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$103k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($581k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask is 18619% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $275k; list at $599k implies a 118% gain — meaningful room to come down on a strong offer.

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 $325,730 (45.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 46% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.54% ✗
• Cap rate: 3.34%
• Cash-on-cash: -10.54%
• DSCR: 0.53
• GRM: 15.3

CMA / ARV

• ARV (median comp): $677,376
• List price: $599,000
• Delta: -11.57%
• 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
206 SE Wentworth Dr	0.14mi	3/2.0	1,730 (-1%)	9mo	$790,000	$457	85
1309 SE 8th St	0.55mi	3/2.0	1,780 (+2%)	0mo	$360,000	$202	70
1318 SE Riverside Dr	0.38mi	3/2.0	1,844 (+6%)	14mo	$885,000	$480	61
800 SE Madison Ave	0.57mi	3/2.5	1,760 (+1%)	12mo	$660,000	$375	60
529 SE Madison Ave	0.38mi	4/3.0 (+1)	1,850 (+6%)	5mo	$499,000	$270	59
724 SE Michaels Ct	0.69mi	3/2.0	1,678 (-4%)	4mo	$470,000	$280	58
820 SE Stafford Dr	0.70mi	3/2.0	1,811 (+4%)	5mo	$440,000	$243	56
221 SE Coconut Ave	0.67mi	3/2.5	1,641 (-6%)	2mo	$738,000	$450	55
524 SE Flamingo Ave	0.36mi	3/3.0	1,904 (+9%)	15mo	$515,000	$270	51
1027 SE Osceola St	0.66mi	2/1.5 (-1)	1,604 (-8%)	3mo	$650,000	$405	46
418 SE Alamanda Way	0.63mi	3/2.0	1,964 (+13%)	6mo	$760,000	$387	44
840 SE Krueger Pkwy	0.72mi	3/2.0	1,491 (-14%)	18mo	$400,000	$268	28

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: 16.9%
• Equity multiple: 2.39×
• Total profit: $232,366
• Equity at exit: $539,627

10-year hold

• IRR: 16.0%
• Equity multiple: 5.52×
• Total profit: $758,074
• Equity at exit: $1,163,725

Cash invested: $167,720 (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 34996

• Home prices YoY: 2.1%
• Active inventory: 251
• Price-to-rent: 15.3×

Monthly cashflow live

• Estimated rent: $3,257 high
• Mortgage (P&I): −$3,141
• Tax from tax record: −$656 /mo · $7,873/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$684
• Net cashflow: $-1,474

Break-even live

Break-even rent $5,123

Max offer price $338,675

Occupancy floor —

Sensitivity live

Price	-10% $-1,135	-5% $-1,304	+0% $-1,474	+5% $-1,643	+10% $-1,813
Rent	-10% $-1,731	-5% $-1,602	+0% $-1,474	+5% $-1,345	+10% $-1,216
Rate	-1.0pp $-1,172	-0.5pp $-1,321	base $-1,474	+0.5pp $-1,629	+1.0pp $-1,787

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: $149,750
• Closing costs: $17,970
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$2,600	$2.00	24d	4	0.16mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,728	$3.09	15d	12	0.24mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	24d	1	0.36mi
905 SE Flamingo Ave Stuart, FL	3.0	2.0	1520	$4,500	$2.96	24d	1	0.60mi
217 SE Coconut Ave Stuart, FL	2.0	1.0	1197	$5,000	$4.18	24d	1	0.65mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,900	$2.00	15d	3	0.66mi
1866 SE Tarni Way Stuart, FL	3.0	2.5	1782	$2,800	$1.57	15d	1	0.75mi
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	15d	3	0.81mi
1196 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1309	$4,300	$3.28	24d	1	1.09mi
1604 SE Apache Ave Stuart, FL	4.0	2.0	1404	$3,300	$2.35	24d	1	1.32mi
1600 NE Dixie Hwy Unit 10-203 Jensen Beach, FL	2.0	2.0	1072	$2,300	$2.15	24d	1	1.45mi

Listing history 31 events

1. 2026-06-16
   statusdays on market $599,000 Pending 36 DOM
2. 2026-06-15
   days on market $599,000 Active Under Contract 35 DOM
3. 2026-06-14
   days on market $599,000 Active Under Contract 33 DOM
4. 2026-06-13
   days on market $599,000 Active Under Contract 32 DOM
5. 2026-06-10
   days on market $599,000 Active Under Contract 30 DOM
6. 2026-06-09
   days on market $599,000 Active Under Contract 29 DOM
7. 2026-06-08
   days on market $599,000 Active Under Contract 28 DOM
8. 2026-06-07
   statusdays on market $599,000 Active Under Contract 27 DOM
9. 2026-06-03
   days on market $599,000 Active 23 DOM
10. 2026-06-02
    days on market $599,000 Active 22 DOM
11. 2026-06-01
    days on market $599,000 Active 21 DOM
12. 2026-05-31
    days on market $599,000 Active 20 DOM
13. 2026-05-31
    days on market $599,000 Active 19 DOM
14. 2026-05-11
    status Active 679-char remark

    Show marketing remark (679 chars)

    New metal roof in 2026 and interior completely remodeled in 2024 with impact glass windows, doors, and garage door, new quartz countertops, all-new appliances, luxury vinyl plank throughout, and two fully renovated bathrooms with new tile, vanities, and fixtures. No HOA. The layout includes an entryway, living room, eat-in kitchen and family room. The primary suite has a walk-in closet and double sinks. Three bedrooms, two bathrooms. Deep garage with laundry and utility sink. Corner lot in a highly desirable Stuart neighborhood already connected to city water and sewer. Located just minutes from downtown Stuart, waterfront parks, bike paths, the river and public beaches!

15. 2026-05-11
    price $599,000 679-char remark

    Show marketing remark (679 chars)

    New metal roof in 2026 and interior completely remodeled in 2024 with impact glass windows, doors, and garage door, new quartz countertops, all-new appliances, luxury vinyl plank throughout, and two fully renovated bathrooms with new tile, vanities, and fixtures. No HOA. The layout includes an entryway, living room, eat-in kitchen and family room. The primary suite has a walk-in closet and double sinks. Three bedrooms, two bathrooms. Deep garage with laundry and utility sink. Corner lot in a highly desirable Stuart neighborhood already connected to city water and sewer. Located just minutes from downtown Stuart, waterfront parks, bike paths, the river and public beaches!

16. 2026-04-28
    historical 679-char remark

    Show marketing remark (679 chars)

    New metal roof in 2026 and interior completely remodeled in 2024 with impact glass windows, doors, and garage door, new quartz countertops, all-new appliances, luxury vinyl plank throughout, and two fully renovated bathrooms with new tile, vanities, and fixtures. No HOA. The layout includes an entryway, living room, eat-in kitchen and family room. The primary suite has a walk-in closet and double sinks. Three bedrooms, two bathrooms. Deep garage with laundry and utility sink. Corner lot in a highly desirable Stuart neighborhood already connected to city water and sewer. Located just minutes from downtown Stuart, waterfront parks, bike paths, the river and public beaches!

17. 2024-06-04
    historical $3,200
18. 2024-05-31
    listed $3,200
19. 2024-05-31
    historical $3,200
20. 2024-05-21
    price $3,200
21. 2024-05-08
    price $3,300
22. 2024-04-23
    listed $3,400
23. 2017-12-29
    soldstatus $275,000
24. 2017-12-22
    soldstatus $275,000 Closed 237-char remark

    Show marketing remark (237 chars)

    Location, location, location! Lovely corner lot home in a very desirable neighborhood. Close to downtown, local parks, shopping, dining, hospital, bike paths, the river, boat ramps, and public beaches. Homes in this area won't last long!

25. 2017-12-12
    status Pending 237-char remark

    Show marketing remark (237 chars)

    Location, location, location! Lovely corner lot home in a very desirable neighborhood. Close to downtown, local parks, shopping, dining, hospital, bike paths, the river, boat ramps, and public beaches. Homes in this area won't last long!

26. 2017-10-26
    historical Active Under Contract 237-char remark

    Show marketing remark (237 chars)

    Location, location, location! Lovely corner lot home in a very desirable neighborhood. Close to downtown, local parks, shopping, dining, hospital, bike paths, the river, boat ramps, and public beaches. Homes in this area won't last long!

27. 2017-10-18
    price $295,000 237-char remark

    Show marketing remark (237 chars)

    Location, location, location! Lovely corner lot home in a very desirable neighborhood. Close to downtown, local parks, shopping, dining, hospital, bike paths, the river, boat ramps, and public beaches. Homes in this area won't last long!

28. 2017-08-28
    price $315,000 237-char remark

    Show marketing remark (237 chars)

    Location, location, location! Lovely corner lot home in a very desirable neighborhood. Close to downtown, local parks, shopping, dining, hospital, bike paths, the river, boat ramps, and public beaches. Homes in this area won't last long!

29. 2017-08-09
    listed $325,000 Active 237-char remark

    Show marketing remark (237 chars)

    Location, location, location! Lovely corner lot home in a very desirable neighborhood. Close to downtown, local parks, shopping, dining, hospital, bike paths, the river, boat ramps, and public beaches. Homes in this area won't last long!

30. 1999-12-14
    soldstatus $118,000
31. 1997-12-11
    soldstatus $93,500

ⓘ 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: $7,873 · $656/mo
• Projected year-2 tax: $7,873 · $656/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) · 23% 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: $39,088
• − Mortgage interest: −$33,553
• − Property taxes: −$7,873
• − Insurance: −$2,995
• − Repairs & maintenance: −$3,127
• − Management: −$3,127
• − Depreciation: −$17,425
• Taxable loss: −$29,013
• Est. tax savings @ 24.0%: +$6,963
• After-tax cash flow: $-10,720/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): 10,653
• Household income: $83,929
• Rent vs Own: 16.0% rent · 84.0% own
• Severe rent burden: 247.0

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 (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: —

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

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

+540.6% since first listed

18 events — show timeline

• 2026-05-11 Relisted — Beaches MLS
• 2026-05-11 Price Changed $599,000 Beaches MLS
• 2026-04-28 Listing Removed — Beaches MLS
• 2024-06-04 Rental Removed $3,200 MCRTC
• 2024-05-31 Listed for Rent $3,200 MCRTC
• 2024-05-31 Rental Removed $3,200 TURBOTENANT
• 2024-05-21 Price Changed $3,200 TURBOTENANT
• 2024-05-08 Price Changed $3,300 TURBOTENANT
• 2024-04-23 Listed for Rent $3,400 TURBOTENANT
• 2017-12-29 Sold (Public Records) $275,000 Public Records
• 2017-12-22 Sold (MLS) $275,000 Beaches MLS
• 2017-12-12 Pending — Beaches MLS
• 2017-10-26 Contingent — Beaches MLS
• 2017-10-18 Price Changed $295,000 Beaches MLS
• 2017-08-28 Price Changed $315,000 Beaches MLS
• 2017-08-09 Listed $325,000 Beaches MLS
• 1999-12-14 Sold (Public Records) $118,000 Public Records
• 1997-12-11 Sold (Public Records) $93,500 Public Records

Property tax history

+13.2%/yr

Latest (2025): $7,873 · +3.2% YoY. Source: county tax records.