2950 SE Ocean Blvd Unit 54-6 · Stuart, FL 34996

$169,000

2 bd · 2.0 ba · 1,134 sqft · Condo public records · 212 Days on market

Built 1976 $149/sqft · at area comps Est $164k · at est. $656/mo HOA · 26% of rent

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Why this score? — see what drove the C+ 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 +19.2/30.0
• 1% rule +10.0/10.0
• Appreciation +10.0/10.0
• DSCR +6.0/10.0
• ARV discount +6.0/15.0
• Schools +4.5/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Beautifully updated corner unit that is MOVE-IN READY and being offered TURNKEY. Just bring your clothes and toothbrush and enjoy Florida living. You will appreciate the added light from the additional windows in this corner unit. The lovely updated kitchen boasts 42" raised panel maple cabinets, granite and stainless-steel appliances. The bathrooms have also been nicely updated. Condo also features a window enclosed balcony off the living room. The dues cover water/sewer, cable and internet and much more. Conveniently located right across from a community clubhouse, pool and other amenities, too. Great location is convenient to downtown Stuart and all it has to offer and the beach.

Key facts

• $656 HOA
• Parking
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $169k.

Deal economics

• At list price, monthly cash flow is $115 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $169k).
• Recommended offer: $149k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 4.1% 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: 251 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• This rent runs 36% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k 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 $47k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 212 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 28y ago; this cycle's ask has dropped $21k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $148,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 212 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 1.51% ✓
• Cap rate: 7.58%
• Cash-on-cash: 4.59%
• DSCR: 1.20
• GRM: 5.5

CMA / ARV

• ARV (median comp): $163,615
• List price: $169,000
• Delta: 3.29%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.5%
• Equity multiple: 3.11×
• Total profit: $99,827
• Equity at exit: $152,249

10-year hold

• IRR: 23.3%
• Equity multiple: 7.11×
• Total profit: $289,206
• Equity at exit: $328,330

Cash invested: $47,320 (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: 5.5×

Monthly cashflow live

• Estimated rent: $2,550 high
• Mortgage (P&I): −$886
• Tax from tax record: −$221 /mo · $2,647/yr
• Insurance: −$70
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$656
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $115

Break-even live

Break-even rent $2,405

Max offer price $169,000

Occupancy floor 91%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2950 SE Ocean Blvd Stuart, FL	2.0	2.0	1157	$1,800	$1.56	13d	3	0.09mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,900	$2.00	13d	3	0.13mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	23d	6	0.22mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	13d	8	0.22mi
2929 SE Ocean Blvd Unit 130 Stuart, FL	2.0	2.0	1005	$1,800	$1.79	23d	1	0.37mi
1196 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1309	$4,300	$3.28	23d	1	0.37mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,258	$2.55	13d	12	0.53mi
262 SE Monterey Ave Stuart, FL	3.0	1.0	1001	$3,500	$3.50	23d	1	0.64mi
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$2,600	$2.00	23d	4	0.73mi
333 SE Martin Ave Unit 1F Stuart, FL	2.0	1.0	778	$1,800	$2.31	23d	1	0.78mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	23d	1	0.82mi
1800 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1044	$2,600	$2.49	23d	3	0.85mi
217 SE Coconut Ave Stuart, FL	2.0	1.0	1197	$5,000	$4.18	23d	1	1.30mi
3129 SE Indian St #3 Stuart, FL	2.0	1.5	986	$2,300	$2.33	23d	1	1.50mi

HOA detail condo

• Monthly dues: $656 · $7,872/yr
• Likely covers: watersewerinternetcablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-18
   days on market $169,000 Active 212 DOM
2. 2026-06-17
   days on market $169,000 Active 211 DOM
3. 2026-06-16
   days on market $169,000 Active 210 DOM
4. 2026-06-15
   days on market $169,000 Active 209 DOM
5. 2026-06-14
   days on market $169,000 Active 207 DOM
6. 2026-06-13
   days on market $169,000 Active 206 DOM
7. 2026-06-10
   days on market $169,000 Active 204 DOM
8. 2026-06-09
   days on market $169,000 Active 203 DOM
9. 2026-06-08
   days on market $169,000 Active 202 DOM
10. 2026-06-07
    days on market $169,000 Active 201 DOM
11. 2026-06-03
    days on market $169,000 Active 197 DOM
12. 2026-06-02
    days on market $169,000 Active 196 DOM
13. 2026-06-01
    days on market $169,000 Active 195 DOM
14. 2026-05-31
    days on market $169,000 Active 194 DOM
15. 2026-05-31
    days on market $169,000 Active 193 DOM
16. 2026-03-03
    price $169,000 696-char remark

    Show marketing remark (696 chars)

    Beautifully updated corner unit that is MOVE-IN READY and being offered TURNKEY. Just bring your clothes and toothbrush and enjoy Florida living. You will appreciate the added light from the additional windows in this corner unit. The lovely updated kitchen boasts 42" raised panel maple cabinets, granite and stainless-steel appliances. The bathrooms have also been nicely updated. Condo also features a window enclosed balcony off the living room. The dues cover water/sewer, cable and internet and much more. Conveniently located right across from a community clubhouse, pool and other amenities, too. Great location is convenient to downtown Stuart and all it has to offer and the beach.

17. 2025-12-30
    price $174,000 696-char remark

    Show marketing remark (696 chars)

    Beautifully updated corner unit that is MOVE-IN READY and being offered TURNKEY. Just bring your clothes and toothbrush and enjoy Florida living. You will appreciate the added light from the additional windows in this corner unit. The lovely updated kitchen boasts 42" raised panel maple cabinets, granite and stainless-steel appliances. The bathrooms have also been nicely updated. Condo also features a window enclosed balcony off the living room. The dues cover water/sewer, cable and internet and much more. Conveniently located right across from a community clubhouse, pool and other amenities, too. Great location is convenient to downtown Stuart and all it has to offer and the beach.

18. 2025-11-17
    listed $189,900 Active 696-char remark

    Show marketing remark (696 chars)

    Beautifully updated corner unit that is MOVE-IN READY and being offered TURNKEY. Just bring your clothes and toothbrush and enjoy Florida living. You will appreciate the added light from the additional windows in this corner unit. The lovely updated kitchen boasts 42" raised panel maple cabinets, granite and stainless-steel appliances. The bathrooms have also been nicely updated. Condo also features a window enclosed balcony off the living room. The dues cover water/sewer, cable and internet and much more. Conveniently located right across from a community clubhouse, pool and other amenities, too. Great location is convenient to downtown Stuart and all it has to offer and the beach.

19. 2022-01-03
    soldstatus $170,000
20. 2021-12-30
    soldstatus $170,000 Closed 893-char remark

    Show marketing remark (893 chars)

    Wait till you see this place!! It is Fabulous. 2nd Floor, CORNER UNIT! 2 Bedroom, 2 Bathroom beautifully updated unit with GORGEOUS KITCHEN AND BATHS. Ceramic Tile flooring throughout (except 2 Bedrooms that are nicely carpeted). Granite Countertops with beautiful Stainless Steel Appliances. This unit comes TOTALLY FURNISHED. You could move right in and just bring your toothbrush and clothes. It's got so many extras; towels, linens, beautiful furniture, tools, decorations, beautiful paintings, complete Kitchen dishes, pots and pans, utensils, stationary supplies, cleaning supplies and so much more. This unit is within walking distance to Carsen's Tavern, Fresh Market, local shopping plazas, Doctors, Dentists, etc. It is also just 2 miles from Downtown Stuart and 3 miles from the Ocean Beaches. It is also right across the street from Kingswood Clubhouse 2A. This place is PARADISE!!

21. 2021-12-15
    status Pending 893-char remark

    Show marketing remark (893 chars)

    Wait till you see this place!! It is Fabulous. 2nd Floor, CORNER UNIT! 2 Bedroom, 2 Bathroom beautifully updated unit with GORGEOUS KITCHEN AND BATHS. Ceramic Tile flooring throughout (except 2 Bedrooms that are nicely carpeted). Granite Countertops with beautiful Stainless Steel Appliances. This unit comes TOTALLY FURNISHED. You could move right in and just bring your toothbrush and clothes. It's got so many extras; towels, linens, beautiful furniture, tools, decorations, beautiful paintings, complete Kitchen dishes, pots and pans, utensils, stationary supplies, cleaning supplies and so much more. This unit is within walking distance to Carsen's Tavern, Fresh Market, local shopping plazas, Doctors, Dentists, etc. It is also just 2 miles from Downtown Stuart and 3 miles from the Ocean Beaches. It is also right across the street from Kingswood Clubhouse 2A. This place is PARADISE!!

22. 2021-12-11
    status Active 893-char remark

    Show marketing remark (893 chars)

    Wait till you see this place!! It is Fabulous. 2nd Floor, CORNER UNIT! 2 Bedroom, 2 Bathroom beautifully updated unit with GORGEOUS KITCHEN AND BATHS. Ceramic Tile flooring throughout (except 2 Bedrooms that are nicely carpeted). Granite Countertops with beautiful Stainless Steel Appliances. This unit comes TOTALLY FURNISHED. You could move right in and just bring your toothbrush and clothes. It's got so many extras; towels, linens, beautiful furniture, tools, decorations, beautiful paintings, complete Kitchen dishes, pots and pans, utensils, stationary supplies, cleaning supplies and so much more. This unit is within walking distance to Carsen's Tavern, Fresh Market, local shopping plazas, Doctors, Dentists, etc. It is also just 2 miles from Downtown Stuart and 3 miles from the Ocean Beaches. It is also right across the street from Kingswood Clubhouse 2A. This place is PARADISE!!

23. 2021-10-31
    status Pending 893-char remark

    Show marketing remark (893 chars)

    Wait till you see this place!! It is Fabulous. 2nd Floor, CORNER UNIT! 2 Bedroom, 2 Bathroom beautifully updated unit with GORGEOUS KITCHEN AND BATHS. Ceramic Tile flooring throughout (except 2 Bedrooms that are nicely carpeted). Granite Countertops with beautiful Stainless Steel Appliances. This unit comes TOTALLY FURNISHED. You could move right in and just bring your toothbrush and clothes. It's got so many extras; towels, linens, beautiful furniture, tools, decorations, beautiful paintings, complete Kitchen dishes, pots and pans, utensils, stationary supplies, cleaning supplies and so much more. This unit is within walking distance to Carsen's Tavern, Fresh Market, local shopping plazas, Doctors, Dentists, etc. It is also just 2 miles from Downtown Stuart and 3 miles from the Ocean Beaches. It is also right across the street from Kingswood Clubhouse 2A. This place is PARADISE!!

24. 2021-10-20
    listed $159,900 Active 893-char remark

    Show marketing remark (893 chars)

    Wait till you see this place!! It is Fabulous. 2nd Floor, CORNER UNIT! 2 Bedroom, 2 Bathroom beautifully updated unit with GORGEOUS KITCHEN AND BATHS. Ceramic Tile flooring throughout (except 2 Bedrooms that are nicely carpeted). Granite Countertops with beautiful Stainless Steel Appliances. This unit comes TOTALLY FURNISHED. You could move right in and just bring your toothbrush and clothes. It's got so many extras; towels, linens, beautiful furniture, tools, decorations, beautiful paintings, complete Kitchen dishes, pots and pans, utensils, stationary supplies, cleaning supplies and so much more. This unit is within walking distance to Carsen's Tavern, Fresh Market, local shopping plazas, Doctors, Dentists, etc. It is also just 2 miles from Downtown Stuart and 3 miles from the Ocean Beaches. It is also right across the street from Kingswood Clubhouse 2A. This place is PARADISE!!

25. 2017-06-09
    historical
26. 2007-07-16
    soldstatus $105,000
27. 2006-04-14
    listed $139,900
28. 2005-06-20
    soldstatus $66,000
29. 2003-04-29
    soldstatus $69,900
30. 1998-09-30
    soldstatus $36,500
31. 1998-06-02
    soldstatus $28,000
32. 1998-06-01
    soldstatus $28,000
33. 1998-04-06
    listed $33,000

ⓘ 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: $2,647 · $221/mo
• Projected year-2 tax: $2,647 · $221/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: $30,597
• − Mortgage interest: −$9,467
• − Property taxes: −$2,647
• − Insurance: −$1,642
• − Repairs & maintenance: −$2,448
• − Management: −$2,448
• − HOA: −$7,872
• − Depreciation: −$4,916
• Taxable loss: −$843
• Est. tax savings @ 24.0%: +$202
• After-tax cash flow: $1,577/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

+412.1% since first listed

18 events — show timeline

• 2026-03-03 Price Changed $169,000 MCRTC
• 2025-12-30 Price Changed $174,000 MCRTC
• 2025-11-17 Listed $189,900 MCRTC
• 2022-01-03 Sold (Public Records) $170,000 Public Records
• 2021-12-30 Sold (MLS) $170,000 MCRTC
• 2021-12-15 Pending — MCRTC
• 2021-12-11 Relisted — MCRTC
• 2021-10-31 Pending — MCRTC
• 2021-10-20 Listed $159,900 MCRTC
• 2017-06-09 Listing Removed — Beaches MLS
• 2007-07-16 Sold (Public Records) $105,000 Public Records
• 2006-04-14 Listed $139,900 Beaches MLS
• 2005-06-20 Sold (Public Records) $66,000 Public Records
• 2003-04-29 Sold (Public Records) $69,900 Public Records
• 1998-09-30 Sold (Public Records) $36,500 Public Records
• 1998-06-02 Sold (Public Records) $28,000 Public Records
• 1998-06-01 Sold (MLS) $28,000 MCRTC
• 1998-04-06 Listed $33,000 MCRTC

Property tax history

+11.8%/yr

Latest (2025): $2,647 · +0.8% YoY. Source: county tax records.