2400 S Ocean Dr · Fort Pierce, FL 34949

$236,000

1 bd · None ba · 689 sqft · SingleFamily · 24 Days on market

Built 1977

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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 +22.0/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.8/10.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully furnished unit with lake view! Renovated kitchen with granite countertops. New full size washer/dryer and water heater. Enjoy your morning coffee with serene views of the lake from your balcony before you start your day. This beachfront community offers many amenities including an onsite restaurant, heated pools, tiki bar, tennis, golf, pickleball and new fitness room! The community is secured with a guarded gate. Beautiful oceanfront community. Ocean Village offers 24 hr. security & amp; gated entry.

Key facts

• Onsite restaurant
• Balcony
• Lake view

Tags

• LAKE VIEW
• RENOVATED KITCHEN
• GRANITE COUNTERTOPS
• BALCONY
• BEACHFRONT COMMUNITY
• ONSITE RESTAURANT

What this means for you Summary

Snapshot

• This is a 1-bed/?-bath single-family listed at $236k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $236k).
• Recommended offer: $232k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 3.7% in Fort Pierce — 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 76/100 on livability (#226 in FL, #3,360 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, schools D, amenities F.
• St. Lucie (urban): math 40% / reading 48% proficiency, ranked #51 of 73 in FL (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+13.6%/yr); 382 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 32% of the median local income ($95k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• St. Lucie County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $66k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• 70 sale attempts since 26y ago; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $78k; list at $236k implies a 201% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $232,460 (1.5% below list)

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.08% ✓
• Cap rate: 8.20%
• Cash-on-cash: 6.80%
• DSCR: 1.30
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.92×
• Total profit: $-5,126
• Equity at exit: $35,188

10-year hold

• IRR: 12.7%
• Equity multiple: 2.24×
• Total profit: $82,184
• Equity at exit: $20,405

Cash invested: $66,080 (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 34949

• Home prices YoY: -7.5%
• Rents YoY: 13.6%
• Active inventory: 382
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,539 high
• Mortgage (P&I): −$1,238
• Tax est. 1.5%: −$295 /mo · $3,540/yr
• Insurance: −$98
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$533
• Net cashflow: $308

Break-even live

Break-even rent $2,149

Max offer price $236,000

Occupancy floor 83%

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: $59,000
• Closing costs: $7,080
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2400 S Ocean Dr Unit 734 Fort Pierce, FL	1.0	1.0	689	$3,200	$4.64	23d	1	0.06mi
2400 S Ocean Dr Fort Pierce, FL	1.0	1.0	789	$2,275	$2.88	14d	6	0.21mi
2400 S Ocean Dr #1026 Fort Pierce, FL	1.0	1.5	689	$2,400	$3.48	23d	1	0.34mi
1115 S Ocean Dr #4 Fort Pierce, FL	—	1.0	400	$1,500	$3.75	23d	1	0.89mi
670 Hernando St Unit E Fort Pierce, FL	1.0	1.0	480	$2,200	$4.58	23d	1	1.32mi
661 Hernando St Unit 4 Fort Pierce, FL	1.0	1.0	650	$1,550	$2.38	23d	1	1.32mi

Listing history 50 events

1. 2026-06-18
   days on market $236,000 Active 24 DOM
2. 2026-06-17
   days on market $236,000 Active 23 DOM
3. 2026-06-16
   pricedays on market $236,000 Active 22 DOM
4. 2026-06-15
   days on market $219,900 Active 21 DOM
5. 2026-06-14
   days on market $219,900 Active 19 DOM
6. 2026-06-13
   days on market $219,900 Active 18 DOM
7. 2026-06-10
   days on market $219,900 Active 16 DOM
8. 2026-06-09
   days on market $219,900 Active 15 DOM
9. 2026-06-08
   days on market $219,900 Active 14 DOM
10. 2026-06-07
    days on market $219,900 Active 13 DOM
11. 2026-06-05
    days on market $219,900 Active 10 DOM
12. 2026-06-03
    days on market $219,900 Active 9 DOM
13. 2026-06-02
    days on market $219,900 Active 8 DOM
14. 2026-06-01
    days on market $219,900 Active 7 DOM
15. 2026-05-31
    days on market $219,900 Active 6 DOM
16. 2026-05-30
    days on market $219,900 Active 5 DOM
17. 2026-05-26
    listed $219,900 Active
18. 2025-12-17
    historical $2,800
19. 2025-07-24
    listed $2,800
20. 2024-09-11
    historical $2,100
21. 2024-08-29
    historical $2,100
22. 2024-08-27
    listed $2,100
23. 2024-08-27
    historical $2,100
24. 2024-08-24
    listed $2,100
25. 2024-08-24
    historical $2,100
26. 2024-08-13
    historical $2,100
27. 2024-08-13
    listed $2,100
28. 2024-08-06
    historical $2,100
29. 2024-08-05
    historical $2,100
30. 2024-08-05
    listed $2,100
31. 2024-08-03
    listed $2,100
32. 2024-08-02
    historical $5,200
33. 2024-08-02
    listed $5,200
34. 2024-08-01
    listed $5,200
35. 2024-07-31
    listed $5,700
36. 2024-07-26
    historical $5,700
37. 2024-07-23
    price $5,700
38. 2024-07-22
    historical $1,700
39. 2024-07-22
    historical $1,700
40. 2024-07-22
    listed $1,700
41. 2024-07-19
    historical $1,700
42. 2024-07-19
    listed $1,700
43. 2024-07-19
    historical $3,000
44. 2024-07-14
    listed $5,900
45. 2024-07-12
    price $1,600
46. 2024-07-10
    listed $4,500
47. 2024-06-25
    listed $4,500
48. 2024-06-25
    historical $3,000
49. 2024-06-20
    historical $3,000
50. 2024-06-18
    historical $3,000

ⓘ 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 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 8 d/yr ≥106°F today · 27 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: $30,463
• − Mortgage interest: −$13,220
• − Property taxes: −$3,540
• − Insurance: −$1,978
• − Repairs & maintenance: −$2,437
• − Management: −$2,437
• − Depreciation: −$6,865
• Taxable loss: −$14
• Est. tax savings @ 24.0%: +$3
• After-tax cash flow: $3,700/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: St. Lucie
• NCES district ID: 1201770
• Math proficiency: 40% ▼ -11.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $44,737
• Composite: 37.28/100
• National rank: #4449
• State rank: #51 of 73 in FL

Livability — Fort Pierce

• Score: 76/100
• State rank: #226
• US rank: #3360

Category grades

Amenities F Commute A+ Cost of living A+ Crime D+ Employment F Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Pierce, FL
• County: Saint Lucie County · 337,150 people
• City population: 78,556
• Metro: Port St. Lucie, FL
• Population (ZIP): 7,470
• Household income: $94,949
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 265.0

Population outlook (St. Lucie County) Hauer SSP2

• Today (2025): 338,016 people
• By 2030: 355,687 · +5.2%
• By 2040: 385,521 · +14.1%
• By 2050: 406,106 · +20.1%
• By 2075: 441,054 · +30.5%
• By 2100: 436,885 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Cuban 3%
• Common ancestry: Romanian 7% Lithuanian 6% Italian 5%
• Foreign-born: 7% · Canada
• Languages at home: 91% English-only · Spanish 4% German/W. Germanic 1% Russian/Polish/Slavic 1%

Political lean MEDSL · St. Lucie

• 2024 margin: Lean R (+9.1) · D 45.1% · R 54.2%
• 2008→2024 swing: -21.2pp toward R · 2008: 12.1pp · 2024: -9.1pp
• All cycles: 2024: R+9.1 2020: R+1.6 2016: R+2.5 2012: D+7.9 2008: D+12.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.89%
• Current HPI: 601.12
• Rent YoY: ▲ 13.64%
• 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

+69.2% since first listed

148 events — show timeline

• 2026-05-26 Listed $219,900 FSBO.com
• 2025-12-17 Rental Removed $2,800 RENTSPREE
• 2025-07-24 Listed for Rent $2,800 RENTSPREE
• 2024-09-11 Rental Removed $2,100 RMLSFL
• 2024-08-29 Rental Removed $2,100 GFLMLS
• 2024-08-27 Listed for Rent $2,100 RMLSFL
• 2024-08-27 Rental Removed $2,100 RMLSFL
• 2024-08-24 Listed for Rent $2,100 RMLSFL
• 2024-08-24 Rental Removed $2,100 RMLSFL
• 2024-08-13 Rental Removed $2,100 RMLSFL
• 2024-08-13 Listed for Rent $2,100 RMLSFL
• 2024-08-06 Rental Removed $2,100 RMLSFL
• 2024-08-05 Rental Removed $2,100 RMLSFL
• 2024-08-05 Listed for Rent $2,100 GFLMLS
• 2024-08-03 Listed for Rent $2,100 RMLSFL
• 2024-08-02 Rental Removed $5,200 RMLSFL
• 2024-08-02 Listed for Rent $5,200 RMLSFL
• 2024-08-01 Listed for Rent $5,200 RMLSFL
• 2024-07-31 Listed for Rent $5,700 RMLSFL
• 2024-07-26 Rental Removed $5,700 RMLSFL
• 2024-07-23 Price Changed $5,700 RMLSFL
• 2024-07-22 Rental Removed $1,700 RMLSFL
• 2024-07-22 Rental Removed $1,700 GFLMLS
• 2024-07-22 Listed for Rent $1,700 RMLSFL
• 2024-07-19 Rental Removed $1,700 RMLSFL
• 2024-07-19 Listed for Rent $1,700 GFLMLS
• 2024-07-19 Rental Removed $3,000 RMLSFL
• 2024-07-14 Listed for Rent $5,900 RMLSFL
• 2024-07-12 Price Changed $1,600 RMLSFL
• 2024-07-10 Listed for Rent $4,500 RMLSFL
• 2024-06-25 Listed for Rent $4,500 RMLSFL
• 2024-06-25 Rental Removed $3,000 RMLSFL
• 2024-06-20 Rental Removed $3,000 RMLSFL
• 2024-06-18 Rental Removed $3,000 RMLSFL
• 2024-06-17 Listed for Rent $3,000 RMLSFL
• 2024-06-17 Listed for Rent $1,600 RMLSFL
• 2024-06-17 Rental Removed $2,200 RMLSFL
• 2024-06-06 Price Changed $2,200 RMLSFL
• 2024-06-04 Listed for Rent $2,500 RMLSFL
• 2024-06-04 Rental Removed $1,800 RMLSFL
• 2024-05-30 Listed for Rent $1,800 RMLSFL
• 2024-05-30 Rental Removed $1,800 RMLSFL
• 2024-05-23 Rental Removed $1,800 RMLSFL
• 2024-05-23 Listed for Rent $1,800 RMLSFL
• 2024-05-22 Rental Removed $3,950 RMLSFL
• 2024-05-22 Listed for Rent $3,950 RMLSFL
• 2024-05-14 Listed for Rent $2,500 RMLSFL
• 2024-05-14 Rental Removed $2,500 RMLSFL
• 2024-05-06 Rental Removed $2,500 RMLSFL
• 2024-05-06 Listed for Rent $2,500 RMLSFL
• 2024-04-26 Rental Removed $1,900 RMLSFL
• 2024-04-23 Listed for Rent $1,900 RMLSFL
• 2024-04-23 Listed for Rent $1,800 RMLSFL
• 2024-04-17 Listed for Rent $1,800 RMLSFL
• 2024-04-17 Rental Removed $1,800 RMLSFL
• 2024-04-12 Rental Removed $1,800 RMLSFL
• 2024-04-05 Listed for Rent $1,800 RMLSFL
• 2024-04-05 Rental Removed $3,350 RMLSFL
• 2024-04-03 Listed for Rent $3,350 RMLSFL
• 2024-04-03 Rental Removed $3,350 RMLSFL
• 2024-03-28 Listed for Rent $3,350 RMLSFL
• 2024-03-28 Rental Removed $2,700 RMLSFL
• 2024-03-27 Rental Removed $2,700 RMLSFL
• 2024-03-27 Listed for Rent $2,700 RMLSFL
• 2024-03-18 Listed for Rent $1,750 RMLSFL
• 2024-03-17 Listed for Rent $3,200 RMLSFL
• 2024-03-17 Rental Removed $2,450 RMLSFL
• 2024-03-13 Listed for Rent $2,450 RMLSFL
• 2024-03-13 Rental Removed $2,500 RMLSFL
• 2024-03-05 Listed for Rent $2,500 RMLSFL
• 2024-03-05 Rental Removed $2,700 RMLSFL
• 2024-02-20 Rental Removed $2,700 RMLSFL
• 2024-01-25 Price Changed $2,700 RMLSFL
• 2024-01-15 Listed for Rent $3,000 RMLSFL
• 2024-01-12 Rental Removed $4,000 RMLSFL
• 2024-01-10 Listed for Rent $4,000 RMLSFL
• 2024-01-10 Rental Removed $4,000 RMLSFL
• 2024-01-07 Listed for Rent $4,000 RMLSFL
• 2024-01-02 Rental Removed $6,300 RMLSFL
• 2023-12-30 Rental Removed $6,300 RMLSFL
• 2023-12-25 Rental Removed $6,300 RMLSFL
• 2023-12-25 Listed for Rent $6,300 RMLSFL
• 2023-12-16 Listed for Rent $4,000 RMLSFL
• 2023-11-17 Listed for Rent $5,400 RMLSFL
• 2023-11-01 Listed for Rent $2,000 RMLSFL
• 2019-01-07 Listing Removed — Beaches MLS
• 2018-07-08 Listed $254,900 Beaches MLS
• 2017-06-09 Listing Removed — Beaches MLS
• 2017-03-15 Listed $59,998 Beaches MLS
• 2017-03-15 Listing Removed — Beaches MLS
• 2016-05-01 Listing Removed — Beaches MLS
• 2016-02-01 Listing Removed — Beaches MLS
• 2015-04-08 Listing Removed — Beaches MLS
• 2015-03-01 Listing Removed — Beaches MLS
• 2014-12-16 Listing Removed — Beaches MLS
• 2014-12-09 Listing Removed — Beaches MLS
• 2014-10-11 Listing Removed — Beaches MLS
• 2014-06-03 Listing Removed — Beaches MLS
• 2014-05-26 Listing Removed — Beaches MLS
• 2013-12-24 Listed $59,900 Beaches MLS
• 2013-12-24 Listed $27,500 Beaches MLS
• 2013-10-18 Sold (MLS) $78,350 RAIRCMLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2013-09-21 Listing Removed — Beaches MLS
• 2013-08-05 Listed $300,000 Beaches MLS
• 2012-06-25 Listed $300,000 Beaches MLS
• 2010-09-11 Listing Removed — Beaches MLS
• 2010-03-11 Listing Removed — Beaches MLS
• 2010-03-09 Listed $137,500 Beaches MLS
• 2009-12-29 Listed $289,000 Beaches MLS
• 2009-06-05 Listed $265,000 Beaches MLS
• 2009-02-03 Listed $335,000 Beaches MLS
• 2008-05-14 Listed $109,900 Beaches MLS
• 2008-02-08 Listed $1,970,000 Beaches MLS
• 2007-11-15 Sold (MLS) $189,750 Beaches MLS
• 2007-11-10 Listing Removed — Beaches MLS
• 2007-09-12 Listed $199,900 Beaches MLS
• 2007-07-30 Sold (MLS) $200,000 Beaches MLS
• 2007-06-28 Listed $325,000 Beaches MLS
• 2007-06-27 Listing Removed — Beaches MLS
• 2006-10-30 Listed $229,900 Beaches MLS
• 2006-09-17 Listed $219,000 Beaches MLS
• 2006-05-02 Listing Removed — Beaches MLS
• 2006-05-02 Listing Removed — Beaches MLS
• 2006-05-01 Listed $219,000 Beaches MLS
• 2006-02-20 Listed $245,000 Beaches MLS
• 2006-02-18 Listed $1,650,000 Beaches MLS
• 2006-02-16 Listed $204,900 Beaches MLS
• 2005-11-23 Listed $1,600,000 Beaches MLS
• 2005-11-23 Listed $1,600,000 Beaches MLS
• 2004-09-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-08-26 Listing Removed — Beaches MLS
• 2004-07-01 Listed $2,500,000 Beaches MLS
• 2004-05-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-03-02 Listed $405,000 Stellar MLS as Distributed by MLS Grid
• 2004-03-02 Listed $405,000 Stellar MLS as Distributed by MLS Grid
• 2002-01-02 Sold (MLS) $93,000 Beaches MLS
• 2001-11-26 Listing Removed — Beaches MLS
• 2001-11-16 Listed $95,000 Beaches MLS
• 2001-10-04 Sold (MLS) $120,000 Beaches MLS
• 2001-08-23 Listed $109,900 Beaches MLS
• 2001-08-01 Listing Removed — Beaches MLS
• 2001-07-12 Listing Removed — Beaches MLS
• 2001-03-15 Listed $51,000 Beaches MLS
• 2000-10-04 Listed $130,000 Beaches MLS