39 Villa Blanca · Lakewood Park, FL 34951

$214,900

2 bd · 2.5 ba · 1,840 sqft · SingleFamily · 39 Days on market

Built 2024 Est $339k · 37% under ↓ 28% since listing

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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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.5/10.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spanish Lakes Country Club is an Active 55+ Community offering all new CBS homes. We have over 10,000 residents living in our communities. ALL residents have use of all the amenities including golf, tennis, heated pools, a huge clubhouse, plus much more! Our objective is to provide homeowners with the highest quality concrete-block home, at the most affordable price, including a metal roof, stainless steel appliances, granite counter-tops & cherry wood cabinets. We offer unique in-house financing & no-prepayment penalties, no points, no application fee, no survey, no appraisal fee, no title insurance, no Private Mortgage Insurance, and no origination fee. ALL houses offered are brand new! Start your new lifestyle now. * Taxes will be determined at closing.

Key facts

• Plantation shutters
• Large clubhouse
• Heated pool

Tags

• LARGE CLUBHOUSE
• HEATED POOL
• PLANTATION SHUTTERS

🏷️ Possibly a rental listed for sale. The $214,900 price doesn't fit this home's estimated sale value (~$338,560) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Recommended offer: $208k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 5.7% in Lakewood Park — 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 63/100 on livability (#719 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• 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.
• Zoned schools: Weatherbee Elementary School (math 32% / reading 32%, grade F, #1,797 of 2,144 statewide, top 86%, 672 students, 90% FRL); Dan Mccarty Middle School (math 23% / reading 23%, grade F, #542 of 571 statewide, top 95%, 747 students, 88% FRL); Fort Pierce Westwood Academy The W.E.S.T. Prep Magnet (math 16% / reading 36%, grade F, #494 of 667 statewide, top 75%, 2,010 students, 75% FRL) — zoned schools average 85% FRL vs 59% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 44% district-wide (-17 pts) — the specific schools serving this property underperform the St. Lucie average; the district grade overstates school quality for this exact location.
• Market conditions: 292 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• This rent runs 43% 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 $6k 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.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $208,453 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.05% ✓
• Cap rate: 7.92%
• Cash-on-cash: 5.82%
• DSCR: 1.26
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $338,560
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39 Villa Blanca	0.00mi	2/2.5	1,840 (0%)	1mo	$180,000	$98	99
5902 Walnut Park Ln	0.34mi	3/2.0 (+1)	1,766 (-4%)	1mo	$399,900	$226	69
44 Ecuador Way	0.31mi	3/2.0 (+1)	1,767 (-4%)	15mo	$225,000	$127	59
65 Lavilla Way	0.46mi	2/2.0	1,687 (-8%)	6mo	$299,000	$177	58
5817 Spanish River Rd	0.37mi	3/2.0 (+1)	1,766 (-4%)	16mo	$325,000	$184	56
5704 Spanish River Rd	0.51mi	3/2.0 (+1)	1,609 (-13%)	11mo	$331,500	$206	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -7.3%
• Equity multiple: 0.73×
• Total profit: $-16,200
• Equity at exit: $32,042

10-year hold

• IRR: 2.3%
• Equity multiple: 1.17×
• Total profit: $9,967
• Equity at exit: $18,581

Cash invested: $60,172 (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 34951

• Home prices YoY: -23.6%
• Active inventory: 292
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,249 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,224/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $292

Break-even live

Break-even rent $1,880

Max offer price $214,900

Occupancy floor 82%

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5642 Sunberry Cir Fort Pierce, FL	3.0	2.0	1377	$1,950	$1.42	23d	1	0.32mi
5510 Shannon Dr Fort Pierce, FL	3.0	2.0	1594	$2,350	$1.47	14d	1	0.85mi
7403 Winter Garden Pkwy Fort Pierce, FL	3.0	2.0	1372	$2,200	$1.60	21d	1	0.98mi
2450 8th Ave SW Vero Beach, FL	3.0	2.0	1388	$2,100	$1.51	21d	1	1.02mi
7503 Paso Robles Blvd Fort Pierce, FL	3.0	2.0	1260	$2,000	$1.59	23d	1	1.14mi
2320 Water Oaks Ln Unit 111 Vero Beach, FL	3.0	2.0	1811	$3,500	$1.93	21d	1	1.20mi
7704 Pacific Ave Fort Pierce, FL	3.0	2.0	1719	$2,500	$1.45	14d	1	1.22mi
3766 Harborside Ave Fort Pierce, FL	2.0	2.0	1308	$2,160	$1.65	14d	1	1.31mi
5010 Killarney Ave Unit A Fort Pierce, FL	2.0	1.0	1720	$1,500	$0.87	23d	1	1.39mi
5234 Oakland Lake Cir Fort Pierce, FL	3.0	2.0	1460	$2,300	$1.58	14d	1	1.43mi

Listing history 6 events

1. 2026-04-06
   status Pending
2. 2026-03-23
   price $214,900
3. 2026-02-26
   listed $230,000 Active
4. 2025-08-28
   status Pending 778-char remark

   Show marketing remark (778 chars)

   Spanish Lakes Country Club is an Active 55+ Community offering all new CBS homes. We have over 10,000 residents living in our communities. ALL residents have use of all the amenities including golf, tennis, heated pools, a huge clubhouse, plus much more! Our objective is to provide homeowners with the highest quality concrete-block home, at the most affordable price, including a metal roof, stainless steel appliances, granite counter-tops & cherry wood cabinets. We offer unique in-house financing & no-prepayment penalties, no points, no application fee, no survey, no appraisal fee, no title insurance, no Private Mortgage Insurance, and no origination fee. ALL houses offered are brand new! Start your new lifestyle now. * Taxes will be determined at closing.

5. 2025-08-12
   soldstatus $299,000 Closed 778-char remark

   Show marketing remark (778 chars)

   Spanish Lakes Country Club is an Active 55+ Community offering all new CBS homes. We have over 10,000 residents living in our communities. ALL residents have use of all the amenities including golf, tennis, heated pools, a huge clubhouse, plus much more! Our objective is to provide homeowners with the highest quality concrete-block home, at the most affordable price, including a metal roof, stainless steel appliances, granite counter-tops & cherry wood cabinets. We offer unique in-house financing & no-prepayment penalties, no points, no application fee, no survey, no appraisal fee, no title insurance, no Private Mortgage Insurance, and no origination fee. ALL houses offered are brand new! Start your new lifestyle now. * Taxes will be determined at closing.

6. 2024-11-15
   listed $299,000 Active 778-char remark

   Show marketing remark (778 chars)

   Spanish Lakes Country Club is an Active 55+ Community offering all new CBS homes. We have over 10,000 residents living in our communities. ALL residents have use of all the amenities including golf, tennis, heated pools, a huge clubhouse, plus much more! Our objective is to provide homeowners with the highest quality concrete-block home, at the most affordable price, including a metal roof, stainless steel appliances, granite counter-tops & cherry wood cabinets. We offer unique in-house financing & no-prepayment penalties, no points, no application fee, no survey, no appraisal fee, no title insurance, no Private Mortgage Insurance, and no origination fee. ALL houses offered are brand new! Start your new lifestyle now. * Taxes will be determined at closing.

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,992
• − Mortgage interest: −$12,038
• − Property taxes: −$3,224
• − Insurance: −$1,074
• − Repairs & maintenance: −$2,159
• − Management: −$2,159
• − Depreciation: −$6,252
• Taxable income: $86
• Est. tax owed @ 24.0%: −$21
• After-tax cash flow: $3,482/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 — Lakewood Park

• Score: 63/100
• State rank: #719
• US rank: #15407

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakewood Park, FL
• County: Saint Lucie County · 337,150 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 17,148
• Household income: $63,122
• Rent vs Own: 11.7% rent · 88.3% own
• Severe rent burden: 140.0

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 (74%)
• Race & ethnicity: White 74% Black 13% Hispanic / Latino 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Romanian 3% Italian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica, Vietnam
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 3% Vietnamese 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: ▼ -106.06%
• Current HPI: 343.1376
• 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

-28.1% since first listed

6 events — show timeline

• 2026-04-06 Pending — Beaches MLS
• 2026-03-23 Price Changed $214,900 Beaches MLS
• 2026-02-26 Listed $230,000 Beaches MLS
• 2025-08-28 Pending — Beaches MLS
• 2025-08-12 Sold (MLS) $299,000 Beaches MLS
• 2024-11-15 Listed $299,000 Beaches MLS