1605 S Us Highway 1 Unit 204m3 · Jupiter, FL 33477

$379,000

3 bd · 3.0 ba · 1,800 sqft · Condo public records · 57 Days on market

Built 1976 $1488/mo HOA · 29% of rent

---

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 +10.2/30.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Appreciation +6.5/10.0
• Rent growth +5.0/5.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• DSCR +2.9/10.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to Jupiter Ocean & Racquet Club—an exceptional opportunity to own a spacious 3-bedroom, 3 full bathroom condo just steps from Jupiter's beautiful beaches. Located on the second floor, this residence features wood flooring throughout and offers a generous floor plan with endless potential. Ready for a new owner's vision, this condo provides the perfect canvas to update and customize to your personal style. Aggressively priced, it represents outstanding value and an excellent opportunity for a primary residence, seasonal retreat, or long-term rental investment. Enjoy the beachside lifestyle JORC is known for, with easy access to Jupiter Beach, waterfront dining, Harboursid

Key facts

• Steps from the beach
• $1,488 HOA
• Parking

Tags

• STEPS FROM THE BEACH
• WOOD FLOORING THROUGHOUT
• SPACIOUS FUNCTIONAL LAYOUT
• SHORT STROLL TO JUPITER BEACH
• ENDLESS OUTDOOR ACTIVITIES

Property features AI

Finance

• Financial info: Community contains 435 units; Pets allowed with limits
• HOA & community: Part of Jupiter Ocean Racquet Club association; Association amenities include clubhouse, pool, lobby, on-site manager, management, internet included; HOA dues paid monthly; includes cable TV, internet, grounds maintenance, pest control, security, water, common areas, elevator, reserve funds, and pool service

Exterior

• Parking: Assigned parking and guest parking (total 1 space)
• Security: Security patrol
• Utilities: Public water; Public sewer; Cable connected; Sewer connected; Water available
• Home design: Condominium; Six-story building; Resale property; Faces west
• Construction: CBS construction; Mansard and tar/gravel roof; Building name: M3
• Exterior features: No waterfront; East of US-1 road frontage

Interior

• Kitchen: Disposal; Dishwasher; Microwave; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Wood flooring
• Bathrooms: Three full bathrooms
• Heating & cooling: Central individual heating; Central individual cooling
• Interior features: Split bedroom layout; Blinds and drapes
• Laundry & utility: In-unit laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $379k.

Deal economics

• At list price, monthly cash flow is $-213 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $341k (9.9% below list).
• Meets the 1% rule at list price ($5k rent vs $379k).
• Recommended offer: $341k (9.9% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 70/100 on livability (#415 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Beacon Cove Intermediate School (math 84% / reading 86%, grade A+, #35 of 2,144 statewide, top 2%, 641 students, 19% FRL); Jupiter Middle School (math 62% / reading 63%, grade B+, #116 of 571 statewide, top 21%, 1,384 students, 38% FRL); Jupiter High School (math 56% / reading 64%, grade C+, #106 of 667 statewide, top 16%, 3,087 students, 28% FRL) — zoned schools average 28% FRL vs 52% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 69% at this address vs 50% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Palm Beach average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+10.3%/yr); 337 active listings in the ZIP; 40 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; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($3k loan paydown + $11k appreciation (2.9% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($368k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $21k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $86k; list at $379k implies a 341% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• 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 $341,446 (9.9% 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 57 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.34% ✓
• Cap rate: 5.62%
• Cash-on-cash: -2.40%
• DSCR: 0.89
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.93% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 9.3%
• Equity multiple: 1.55×
• Total profit: $58,679
• Equity at exit: $168,888

10-year hold

• IRR: 15.6%
• Equity multiple: 3.65×
• Total profit: $281,330
• Equity at exit: $259,095

Cash invested: $106,120 (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 33477

• Home prices YoY: 0.8%
• Rents YoY: 10.3%
• Active inventory: 337
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $5,095 high
• Mortgage (P&I): −$1,988
• Tax from tax record: −$604 /mo · $7,251/yr
• Insurance: −$158
• HOA: −$1,488
• Vacancy / Maint / Mgmt: −$1,070
• Net cashflow: $-213

Break-even live

Break-even rent $5,364

Max offer price $341,446

Occupancy floor 99%

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: $94,750
• Closing costs: $11,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1605 S US Highway 1 Unit 401M3 Jupiter, FL	2.0	3.0	1800	$4,500	$2.50	24d	1	0.03mi
1605 S US Highway 1 Unit 303M1 Jupiter, FL	2.0	2.0	1500	$6,500	$4.33	24d	1	0.03mi
120 Water Pointe Pl Unit 3 Jupiter, FL	3.0	2.5	2192	$6,950	$3.17	24d	1	0.13mi
1469 Via Privada Jupiter, FL	3.0	2.0	1866	$5,800	$3.11	21d	1	0.19mi
1469 Via Privada Jupiter, FL	3.0	2.0	1866	$5,875	$3.15	24d	1	0.19mi
104 W Spearfish Ln Jupiter, FL	3.0	3.0	2097	$10,000	$4.77	7d	1	0.21mi
1605 S US Highway 1 Unit M1-404 Jupiter, FL	2.0	2.0	1500	$4,500	$3.00	24d	1	0.22mi
1605 S US Highway 1 Unit M1-506 Jupiter, FL	3.0	3.0	1800	$3,000	$1.67	13d	1	0.22mi
226 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$3,475	$2.78	24d	1	0.24mi
103 W Sandpiper Cir Jupiter, FL	2.0	2.5	1508	$20,000	$13.26	24d	1	0.25mi
1420 Ocean Way Unit 14D Jupiter, FL	2.0	2.5	1708	$2,500	$1.46	24d	1	0.25mi
1420 Ocean Way Unit 32C Jupiter, FL	2.0	2.5	1708	$2,800	$1.64	24d	1	0.25mi
1420 Ocean Way Unit 28C Jupiter, FL	2.0	2.5	1708	$3,500	$2.05	24d	1	0.25mi
1420 Ocean Way Unit 19D Jupiter, FL	2.0	2.5	1708	$4,000	$2.34	20d	1	0.25mi
214 Seabreeze Cir Jupiter, FL	3.0	2.5	1620	$4,650	$2.87	24d	1	0.25mi
213 Seabreeze Cir Jupiter, FL	3.0	2.5	1620	$2,900	$1.79	11d	1	0.26mi
234 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$2,750	$2.20	24d	1	0.27mi
237 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$5,600	$4.48	24d	1	0.28mi
1044 S Us Hwy 1 Jupiter, FL	2.0–3.0	2.0	1241	$4,085	$3.29	3d	5	0.29mi
107 Mako Ln Jupiter, FL	3.0	3.0	1926	$7,000	$3.63	3d	1	0.29mi
260 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$3,000	$2.40	14d	1	0.34mi
703 Xanadu Pl Jupiter, FL	4.0	3.0	2426	$16,500	$6.80	24d	1	0.34mi
1300 Jimmy Buffett Memorial Hwy Unit 119 Jupiter, FL	2.0	2.0	1485	$3,500	$2.36	16d	1	0.36mi
1300 Jimmy Buffett Memorial Hwy Unit 402 Jupiter, FL	3.0	2.0	1850	$5,000	$2.70	16d	1	0.36mi
1300 Jimmy Buffett Memorial Hwy Unit 326 Jupiter, FL	2.0	2.0	1306	$3,500	$2.68	7d	1	0.36mi
1300 Jimmy Buffett Memorial Hwy Unit 624 Jupiter, FL	2.0	2.0	1306	$10,000	$7.66	16d	1	0.36mi
288 Seabreeze Cir Jupiter, FL	2.0	2.5	1250	$4,100	$3.28	24d	1	0.37mi
103 Olympus Cir Jupiter, FL	3.0	2.0	2210	$6,500	$2.94	24d	1	0.39mi
112 E Coral Fish Ln Jupiter, FL	4.0	3.5	2000	$7,500	$3.75	24d	1	0.40mi
131 Ocean Cove Dr Jupiter, FL	2.0	2.5	1288	$6,000	$4.66	24d	1	0.41mi
230 Ocean Grande Blvd #802 Jupiter, FL	2.0	2.5	2410	$10,000	$4.15	24d	1	0.41mi
221 Ocean Grande Blvd #701 Jupiter, FL	3.0	3.5	2376	$22,000	$9.26	24d	1	0.43mi
121 Ocean Cove Dr #121 Jupiter, FL	2.0	2.5	1288	$3,200	$2.48	24d	1	0.44mi
176 Helios Dr #203 Jupiter, FL	2.0	2.0	1460	$12,000	$8.22	24d	1	0.46mi
176 Helios Dr Jupiter, FL	2.0–3.0	2.0–3.0	2096	$12,000	$5.73	15d	2	0.48mi
176 Helios Dr Jupiter, FL	2.0–3.0	2.0–3.0	2096	$12,000	$5.73	17d	3	0.48mi
717 S US Highway 1 #608 Jupiter, FL	3.0	2.0	1315	$5,800	$4.41	24d	1	0.52mi
717 S US Highway 1 #408 Jupiter, FL	3.0	2.0	1315	$5,200	$3.95	24d	1	0.52mi
717 S US Highway 1 #1016 Jupiter, FL	2.0	2.0	1274	$2,800	$2.20	24d	1	0.52mi
717 S US Highway 1 #1016 Jupiter, FL	2.0	2.5	1274	$3,200	$2.51	10d	1	0.52mi

HOA detail condo

• Monthly dues: $1,488 · $17,856/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $379,000 Active 57 DOM
2. 2026-06-17
   days on market $379,000 Active 56 DOM
3. 2026-06-16
   days on market $379,000 Active 55 DOM
4. 2026-06-15
   days on market $379,000 Active 54 DOM
5. 2026-06-13
   days on market $379,000 Active 52 DOM
6. 2026-06-09
   days on market $379,000 Active 48 DOM
7. 2026-06-08
   days on market $379,000 Active 47 DOM
8. 2026-06-07
   days on market $379,000 Active 46 DOM
9. 2026-06-04
   days on market $379,000 Active 43 DOM
10. 2026-06-03
    days on market $379,000 Active 42 DOM
11. 2026-06-02
    days on market $379,000 Active 41 DOM
12. 2026-06-02
    remarks 689-char remark
13. 2026-06-01
    days on market $379,000 Active 40 DOM
14. 2026-05-31
    days on market $379,000 Active 39 DOM
15. 2026-05-18
    price $379,000
16. 2026-04-22
    listed $400,000 Active
17. 2026-03-31
    historical
18. 2026-03-15
    price $515,000
19. 2026-02-22
    price $544,500
20. 2024-10-21
    price $545,000
21. 2024-08-29
    price $548,000
22. 2024-06-26
    price $549,000
23. 2024-02-13
    price $555,000
24. 2024-01-03
    listed $559,000 Active
25. 1987-04-01
    soldstatus $86,000

ⓘ 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: $7,251 · $604/mo
• Projected year-2 tax: $7,251 · $604/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 6/10 Major FEMA zone X (unshaded) · 54% chance over 30 yrs
• 🔥 Wildfire 1/10 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $61,141
• − Mortgage interest: −$21,230
• − Property taxes: −$7,251
• − Insurance: −$1,895
• − Repairs & maintenance: −$4,891
• − Management: −$4,891
• − HOA: −$17,856
• − Depreciation: −$11,025
• Taxable loss: −$7,899
• Est. tax savings @ 24.0%: +$1,896
• After-tax cash flow: $-655/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: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — Jupiter

• Score: 70/100
• State rank: #415
• US rank: #7386

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jupiter, FL
• County: Palm Beach County · 1,438,312 people
• City population: 68,420
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 12,908
• Household income: $104,992
• Rent vs Own: 13.7% rent · 86.3% own
• Severe rent burden: 445.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Romanian 6% Scotch-Irish 4% Lithuanian 2%
• Foreign-born: 10% · Canada, Guatemala, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.93%
• Current HPI: 356.212
• Rent YoY: ▲ 10.27%
• Metro: Miami-Fort Lauderdale-Pompano Beach, 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

+340.7% since first listed

11 events — show timeline

• 2026-05-18 Price Changed $379,000 Beaches MLS
• 2026-04-22 Listed $400,000 Beaches MLS
• 2026-03-31 Listing Removed — Beaches MLS
• 2026-03-15 Price Changed $515,000 Beaches MLS
• 2026-02-22 Price Changed $544,500 Beaches MLS
• 2024-10-21 Price Changed $545,000 Beaches MLS
• 2024-08-29 Price Changed $548,000 Beaches MLS
• 2024-06-26 Price Changed $549,000 Beaches MLS
• 2024-02-13 Price Changed $555,000 Beaches MLS
• 2024-01-03 Listed $559,000 Beaches MLS
• 1987-04-01 Sold (Public Records) $86,000 Public Records

Property tax history

+13.2%/yr

Latest (2025): $7,251 · -3.9% YoY. Source: county tax records.