2950 SE Ocean Blvd Unit 34-5 · Stuart, FL 34996

$159,000

2 bd · 2.0 ba · 1,078 sqft · Condo public records · 55 Days on market

Built 1976 $147/sqft · 12% below area Est $181k · 12% under $630/mo HOA · 23% 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 +28.8/30.0
• ARV discount +13.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 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

Meticulously maintained two bedroom with over 1,000 square feet. Newer carpet as well as newer GE oven and microwave. This long term owner has had the interior painted a few times since they have purchased. Community pool and very close to the beach and shopping. Nice glassed in porch area to relax and enjoy your morning coffee. Move in ready!

Key facts

• Shiplap wall decor
• Open concept
• Ceramic tile

Tags

• EXTENSIVELY UPGRADED CONDO
• OPEN CONCEPT
• CERAMIC TILE
• UPGRADED BATHROOMS
• UPGRADED LANAI
• SHIPLAP WALL DECOR

Property features AI

Finance

• Other: Community of 6 units; Senior community
• HOA & community: Homeowners association with monthly fee (includes association management, common areas, cable TV, insurance, internet, laundry, legal/accounting, grounds maintenance, parking, pools, recreation facilities, reserve fund, road maintenance, sewer, trash, and water)

Exterior

• Parking: Assigned parking
• Utilities: Electricity connected (110V and 220V)
• Home design: 2-story property; Resale home with effective year built 2024
• Construction: Block and concrete construction
• Exterior features: Community pool; Community amenities include barbecue, billiard room, bicycle storage, clubhouse, kitchen facilities, laundry facilities, library, pool, and shuffleboard; Non-gated community; Property manager on-site

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric) with individual controls; Central electric cooling
• Interior features: Partially furnished

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $159k.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $159k).
• Recommended offer: $154k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.3% 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: 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).

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $16k 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 $45k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y 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 $47k; list at $159k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 23% 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 $154,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 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 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.70% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.44%
• DSCR: 1.64
• GRM: 4.9

CMA / ARV

• ARV (median comp): $181,124
• List price: $159,000
• Delta: -12.22%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 33.7%
• Equity multiple: 3.63×
• Total profit: $116,881
• Equity at exit: $143,240

10-year hold

• IRR: 29.1%
• Equity multiple: 8.22×
• Total profit: $321,454
• Equity at exit: $308,902

Cash invested: $44,520 (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: 4.9×

Monthly cashflow live

• Estimated rent: $2,699 high
• Mortgage (P&I): −$834
• Tax from tax record: −$66 /mo · $797/yr
• Insurance: −$66
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$630
• Vacancy / Maint / Mgmt: −$567
• Net cashflow: $469

Break-even live

Break-even rent $2,105

Max offer price $159,000

Occupancy floor 78%

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: $39,750
• Closing costs: $4,770
• 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	0.15mi
2600 SE Ocean Blvd Stuart, FL	1.0–2.0	1.5–2.0	951	$1,900	$2.00	13d	3	0.22mi
1196 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1309	$4,300	$3.28	23d	1	0.22mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	13d	8	0.37mi
2929 SE Ocean Blvd Stuart, FL	1.0–2.0	1.0–2.0	812	$2,400	$2.96	23d	6	0.37mi
2929 SE Ocean Blvd Unit 130 Stuart, FL	2.0	2.0	1005	$1,800	$1.79	23d	1	0.52mi
300 SE Saint Lucie Blvd Stuart, FL	1.0–3.0	1.0–2.0	884	$2,258	$2.55	13d	12	0.67mi
1800 SE Saint Lucie Blvd Stuart, FL	2.0	2.0	1044	$2,600	$2.49	23d	3	0.70mi
262 SE Monterey Ave Stuart, FL	3.0	1.0	1001	$3,500	$3.50	23d	1	0.79mi
175 SE Saint Lucie Blvd Stuart, FL	2.0	2.0–2.5	1300	$2,600	$2.00	23d	4	0.88mi
333 SE Martin Ave Unit 1F Stuart, FL	2.0	1.0	778	$1,800	$2.31	23d	1	0.90mi
150 SE Four Winds Dr Unit B303 Stuart, FL	2.0	2.0	1359	$2,500	$1.84	23d	1	0.97mi
3129 SE Indian St #3 Stuart, FL	2.0	1.5	986	$2,300	$2.33	23d	1	1.35mi
217 SE Coconut Ave Stuart, FL	2.0	1.0	1197	$5,000	$4.18	23d	1	1.40mi

HOA detail condo

• Monthly dues: $630 · $7,560/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-18
   days on market $159,000 Active 55 DOM
2. 2026-06-17
   days on market $159,000 Active 54 DOM
3. 2026-06-16
   days on market $159,000 Active 53 DOM
4. 2026-06-15
   days on market $159,000 Active 52 DOM
5. 2026-06-14
   days on market $159,000 Active 50 DOM
6. 2026-06-13
   days on market $159,000 Active 49 DOM
7. 2026-06-10
   days on market $159,000 Active 47 DOM
8. 2026-06-09
   days on market $159,000 Active 46 DOM
9. 2026-06-08
   days on market $159,000 Active 45 DOM
10. 2026-06-07
    days on market $159,000 Active 44 DOM
11. 2026-06-03
    days on market $159,000 Active 40 DOM
12. 2026-06-02
    days on market $159,000 Active 39 DOM
13. 2026-06-01
    days on market $159,000 Active 38 DOM
14. 2026-05-31
    days on market $159,000 Active 37 DOM
15. 2026-05-31
    days on market $159,000 Active 36 DOM
16. 2026-04-24
    listed $159,000 Active 864-char remark
17. 2026-04-15
    historical $1,600
18. 2026-04-15
    historical
19. 2026-03-29
    listed $1,600
20. 2026-03-23
    historical $1,600
21. 2026-02-27
    price $159,000
22. 2026-02-13
    listed $1,600
23. 2026-02-13
    historical $1,600
24. 2026-01-17
    listed $1,600
25. 2025-12-16
    price $169,000
26. 2025-12-04
    listed $178,500 Active
27. 2016-04-28
    price $47,000

    Show marketing remark (345 chars)

    Meticulously maintained two bedroom with over 1,000 square feet. Newer carpet as well as newer GE oven and microwave. This long term owner has had the interior painted a few times since they have purchased. Community pool and very close to the beach and shopping. Nice glassed in porch area to relax and enjoy your morning coffee. Move in ready!

28. 2015-03-26
    soldstatus $47,000
29. 2015-03-24
    price $54,900

    Show marketing remark (345 chars)

    Meticulously maintained two bedroom with over 1,000 square feet. Newer carpet as well as newer GE oven and microwave. This long term owner has had the interior painted a few times since they have purchased. Community pool and very close to the beach and shopping. Nice glassed in porch area to relax and enjoy your morning coffee. Move in ready!

30. 2015-03-24
    soldstatus $47,000

    Show marketing remark (345 chars)

    Meticulously maintained two bedroom with over 1,000 square feet. Newer carpet as well as newer GE oven and microwave. This long term owner has had the interior painted a few times since they have purchased. Community pool and very close to the beach and shopping. Nice glassed in porch area to relax and enjoy your morning coffee. Move in ready!

31. 2015-01-29
    listed $54,900

    Show marketing remark (345 chars)

    Meticulously maintained two bedroom with over 1,000 square feet. Newer carpet as well as newer GE oven and microwave. This long term owner has had the interior painted a few times since they have purchased. Community pool and very close to the beach and shopping. Nice glassed in porch area to relax and enjoy your morning coffee. Move in ready!

32. 1987-06-02
    soldstatus $44,000

ⓘ 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: $797 · $66/mo
• Projected year-2 tax: $1,320 · $110/mo
• Expected delta: +$523/yr (+$44/mo · 65.7%)

ⓘ 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: $32,390
• − Mortgage interest: −$8,906
• − Property taxes: −$797
• − Insurance: −$1,592
• − Repairs & maintenance: −$2,591
• − Management: −$2,591
• − HOA: −$7,560
• − Depreciation: −$4,625
• Taxable income: $3,726
• Est. tax owed @ 24.0%: −$894
• After-tax cash flow: $4,739/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

+261.4% since first listed

17 events — show timeline

• 2026-04-24 Listed $159,000 MCRTC
• 2026-04-15 Rental Removed $1,600 GFLMLS
• 2026-04-15 Listing Removed — Beaches MLS
• 2026-03-29 Listed for Rent $1,600 GFLMLS
• 2026-03-23 Rental Removed $1,600 GFLMLS
• 2026-02-27 Price Changed $159,000 Beaches MLS
• 2026-02-13 Listed for Rent $1,600 GFLMLS
• 2026-02-13 Rental Removed $1,600 RMLSFL
• 2026-01-17 Listed for Rent $1,600 RMLSFL
• 2025-12-16 Price Changed $169,000 Beaches MLS
• 2025-12-04 Listed $178,500 Beaches MLS
• 2016-04-28 Price Changed $47,000 MCRTC
• 2015-03-26 Sold (Public Records) $47,000 Public Records
• 2015-03-24 Sold (MLS) $47,000 MCRTC
• 2015-03-24 Price Changed $54,900 MCRTC
• 2015-01-29 Listed $54,900 MCRTC
• 1987-06-02 Sold (Public Records) $44,000 Public Records

Property tax history

-0.2%/yr

Latest (2025): $797 · -0.2% YoY. Source: county tax records.