3500 S Kanner Hwy #14 · Stuart, FL 34994

$179,000

2 bd · 1.0 ba · 798 sqft · Condo public records · 46 Days on market

Built 1972 $350/mo HOA · 17% 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 +18.0/30.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• DSCR +5.6/10.0
• 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

Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

Key facts

• Screened-in porch
• Inviting sunroom
• Ample workspace

Tags

• INVITING SUNROOM
• SCREENED-IN PORCH
• UPDATED KITCHEN
• CENTER ISLAND
• QUALITY CABINETRY
• AMPLE WORKSPACE

Property features AI

Finance

• Other: Community pool available
• Financial info: Pets not allowed
• HOA & community: Homeowners association with $350 fee; HOA covers common areas, cable TV, grounds maintenance, pool(s), reserve fund, sewer, trash, and water; Community features include clubhouse, fitness center, park, pool, shuffleboard, boat facilities; non-gated; senior community

Exterior

• Parking: Driveway with open parking
• Utilities: Cable available; Public water; Public sewer
• Home design: Manufactured home; Single-story; Resale; Metal roof; Vinyl siding
• Construction: Manufactured construction; Vinyl siding; Metal roof; Built as resale
• Exterior features: Covered and open patio/porch; Screened porch; Porch; Patio; Shed(s)

Interior

• Kitchen: Built-in oven; Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Primary bedroom on the downstairs/main level
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fan(s)
• Interior features: Built-in features; Closet cabinetry; Kitchen island; Living/dining room; Separate shower; Unfurnished

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $179k.

Deal economics

• At list price, monthly cash flow is $153 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.3% 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: Rents soft (-0.7%/yr); 256 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 39% 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 $1k of loan paydown is wiped out by about $5k 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 46 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $39k; list at $179k implies a 359% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 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: 1.15% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.66%
• DSCR: 1.16
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.5%
• Equity multiple: 0.50×
• Total profit: $-25,112
• Equity at exit: $26,689

10-year hold

• IRR: -12.9%
• Equity multiple: 0.36×
• Total profit: $-31,887
• Equity at exit: $15,477

Cash invested: $50,120 (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 →

ZIP-level market 34994

• Home prices YoY: -27.1%
• Rents YoY: -0.7%
• Active inventory: 256
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,055 high
• Mortgage (P&I): −$939
• Tax from tax record: −$107 /mo · $1,284/yr
• Insurance: −$75
• HOA: −$350
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $153

Break-even live

Break-even rent $1,861

Max offer price $179,000

Occupancy floor 88%

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3800 S Kanner Hwy Stuart, FL	3.0	1.0–2.0	970	$2,604	$2.68	14d	21	0.39mi
544 SW 35th St Palm City, FL	2.0	1.0	850	$1,850	$2.18	23d	1	0.67mi
2600 S Kanner Hwy Stuart, FL	1.0–2.0	1.5–2.0	890	$1,950	$2.19	14d	3	0.68mi
664 SW 35th St Unit 6 Palm City, FL	2.0	1.5	900	$1,850	$2.06	14d	1	0.76mi
664 SW 35th St Apt 3 Palm City, FL	2.0	1.5	900	$1,775	$1.97	14d	1	0.76mi
300 SW South River Dr #206 Stuart, FL	2.0	2.0	1107	$1,975	$1.78	23d	1	0.82mi
301 SW South River Dr #104 Stuart, FL	1.0	1.0	697	$1,500	$2.15	23d	1	0.82mi
3151 SE Aster Ln #1306 Stuart, FL	2.0	2.0	1034	$1,800	$1.74	23d	1	0.85mi
3031 SE Aster Ln Unit 608 Stuart, FL	2.0	2.0	1019	$1,870	$1.84	23d	1	0.86mi
1290 SE Parkview Pl Unit A2 Stuart, FL	2.0	2.0	1021	$1,800	$1.76	21d	1	0.86mi
3302 SE Aster Ln Stuart, FL	2.0	2.0	888	$1,900	$2.14	23d	1	0.91mi
390 SW South River Dr #202 Stuart, FL	2.0	2.0	1107	$1,750	$1.58	23d	1	0.95mi
671 SW South River Dr #105 Stuart, FL	1.0	1.5	820	$1,800	$2.20	14d	1	0.97mi
2819 SW Cornell Ave Palm City, FL	2.0	1.5	1060	$2,150	$2.03	21d	1	0.99mi
4284 SE Cove Lake Cir Stuart, FL	1.0	1.0	719	$1,815	$2.52	23d	1	1.05mi
2124 SE Edler Dr Stuart, FL	2.0	2.0	876	$1,800	$2.05	23d	1	1.09mi
1215 SE Glenwood Dr Stuart, FL	2.0	2.0	1089	$1,859	$1.71	14d	10	1.10mi
2118 SE Edler Dr Unit B Stuart, FL	2.0	2.0	876	$1,995	$2.28	23d	1	1.10mi
1950 SW Palm City Rd Stuart, FL	2.0	2.0	1031	$3,150	$3.05	23d	3	1.13mi
2104 SE Edler Dr Stuart, FL	1.0	1.0	726	$1,500	$2.07	23d	1	1.13mi
1950 SW Palm City Rd Unit 4-4205 Stuart, FL	2.0	2.0	938	$2,400	$2.56	14d	1	1.14mi
801 SE Central Pkwy #7 Stuart, FL	2.0	2.0	1046	$2,150	$2.06	14d	1	1.19mi
3375 SW Mapp Rd Unit 204 Palm City, FL	3.0	2.0	1067	$2,300	$2.16	23d	1	1.20mi
1900 S Kanner Hwy Unit 2-203 Stuart, FL	2.0	2.0	1086	$1,800	$1.66	14d	1	1.22mi
400 SE Central Pkwy Stuart, FL	1.0–2.0	1.0–2.0	918	$2,640	$2.87	14d	16	1.23mi

HOA detail condo

• Monthly dues: $350 · $4,200/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-05-09
   status Pending
2. 2026-04-24
   historical Active Under Contract
3. 2026-03-23
   listed $179,000 Active
4. 2018-01-16
   soldstatus $39,000 Sold 318-char remark

   Show marketing remark (318 chars)

   Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

5. 2017-12-27
   status Active 318-char remark

   Show marketing remark (318 chars)

   Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

6. 2017-12-18
   historical Pending W/Cont 318-char remark

   Show marketing remark (318 chars)

   Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

7. 2017-10-24
   price $67,900 318-char remark

   Show marketing remark (318 chars)

   Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

8. 2017-08-01
   status Active 318-char remark

   Show marketing remark (318 chars)

   Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

9. 2017-07-27
   historical 318-char remark

   Show marketing remark (318 chars)

   Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

10. 2017-07-24
    listed $70,000 Active 318-char remark

    Show marketing remark (318 chars)

    Riverland is a HOP waterfront community, offering many amenities. Pool, exercise room, marina, boat slips, shuffle board, pottery room, and so much more. This manufactured home is being sold furnished, with added shed and washer and dryer. Home is in need of a loving owner willing to do some updating. Priced to sell!

11. 2002-03-15
    soldstatus $43,500 136-char remark

    Show marketing remark (136 chars)

    2 BEDROOM FULLY FURNISHED MOBILE CO-OP IN ACTIVE ADULT COMMUNITY. POOL, CLUB HOUSE, SHUFFLE BOARD, OCEAN ACCESS + PLEASANT SURROUNDINGS.

12. 2002-03-15
    soldstatus $43,500

    Show marketing remark (136 chars)

    2 BEDROOM FULLY FURNISHED MOBILE CO-OP IN ACTIVE ADULT COMMUNITY. POOL, CLUB HOUSE, SHUFFLE BOARD, OCEAN ACCESS + PLEASANT SURROUNDINGS.

13. 2002-02-27
    historical 136-char remark

    Show marketing remark (136 chars)

    2 BEDROOM FULLY FURNISHED MOBILE CO-OP IN ACTIVE ADULT COMMUNITY. POOL, CLUB HOUSE, SHUFFLE BOARD, OCEAN ACCESS + PLEASANT SURROUNDINGS.

14. 2002-01-14
    listed $46,414 136-char remark

    Show marketing remark (136 chars)

    2 BEDROOM FULLY FURNISHED MOBILE CO-OP IN ACTIVE ADULT COMMUNITY. POOL, CLUB HOUSE, SHUFFLE BOARD, OCEAN ACCESS + PLEASANT SURROUNDINGS.

15. 2002-01-10
    listed $46,414

ⓘ 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: $1,284 · $107/mo
• Projected year-2 tax: $1,486 · $124/mo
• Expected delta: +$202/yr (+$17/mo · 15.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $24,656
• − Mortgage interest: −$10,027
• − Property taxes: −$1,284
• − Insurance: −$895
• − Repairs & maintenance: −$1,972
• − Management: −$1,972
• − HOA: −$4,200
• − Depreciation: −$5,207
• Taxable loss: −$902
• Est. tax savings @ 24.0%: +$216
• After-tax cash flow: $2,052/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

• 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

+285.7% since first listed

15 events — show timeline

• 2026-05-09 Pending — MCRTC
• 2026-04-24 Contingent — MCRTC
• 2026-03-23 Listed $179,000 MCRTC
• 2018-01-16 Sold (MLS) $39,000 MCRTC
• 2017-12-27 Relisted — MCRTC
• 2017-12-18 Contingent — MCRTC
• 2017-10-24 Price Changed $67,900 MCRTC
• 2017-08-01 Relisted — MCRTC
• 2017-07-27 Listing Removed — MCRTC
• 2017-07-24 Listed $70,000 MCRTC
• 2002-03-15 Sold (MLS) $43,500 MCRTC
• 2002-03-15 Sold (MLS) $43,500 Beaches MLS
• 2002-02-27 Listing Removed — Beaches MLS
• 2002-01-14 Listed $46,414 Beaches MLS
• 2002-01-10 Listed $46,414 MCRTC

Property tax history

+25.7%/yr

Latest (2025): $1,284 · +1.2% YoY. Source: county tax records.