5137 Armina Pl · Lakewood Park, FL 34951

$375,000

4 bd · 2.0 ba · 1,623 sqft · SingleFamily public records · 90 Days on market

Built 2022 5,170 sqft lot Est $432k · 13% under · waterfront $12/mo HOA

---

Why this score? — see what drove the D 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).

• ARV discount +13.4/15.0
• Cash flow +12.7/30.0
• DSCR +3.8/10.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Serene Lakefront Living in Fort Pierce Discover your private oasis in this spacious 4/2 home nestled within a premier gated community. The open-concept layout flows seamlessly to a screened lanai, offering unobstructed views of the tranquil lake—perfect for morning coffee or sunset entertaining. Lakeside Luxury Direct water views from the primary suite and living areas. Modern Comfort: Four generous bedrooms provide ample space for a home office or guest quarters. Peace of Mind: Enjoy the security and amenities of an exclusive gated neighborhood.

Key facts

• Lakefront living
• Screened lanai
• Private oasis

Tags

• LAKEFRONT LIVING
• PRIVATE OASIS
• SCREENED LANAI
• DIRECT WATER VIEWS
• EXCLUSIVE GATED NEIGHBORHOOD
• PRIME LOCATION

Property features AI

Finance

• Other: Pets allowed (with limits)
• HOA & community: Association: Atmos Living Management Group LLC; Annual association fee (equivalent to $140 monthly); Association amenities include park, playground, pool, tennis courts, and pickleball courts; Association fee covers common real estate tax and recreation facility

Exterior

• Parking: Attached 2-car garage with garage door opener; Driveway parking (2 open spaces), total 4 parking spaces
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Single-family residence; One-story; Resale; Faces east
• Construction: Concrete/Stucco/CBS construction; Composition shingle roof
• Exterior features: Covered patio, open patio, and screened patio; Fenced backyard; Waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms on the main level
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Entrance foyer; Kitchen island; Walk-in closets; Split bedroom layout; Blinds and plantation shutters
• Laundry & utility: Laundry room with washer and electric dryer hookups (inside)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $-42 ($-499/yr) — negative.
• To cash-flow at today's rent, offer at most $368k (2.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $292k (22.0% below list).
• Recommended offer: $292k (22.0% below list) — sets the bar for 1% rule.

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: Lawnwood Elementary School (math 42% / reading 32%, grade F, #1,609 of 2,144 statewide, top 77%, 746 students, 89% 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 84% FRL vs 59% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 44% district-wide (-15 pts) — the specific schools serving this property underperform the St. Lucie average; the district grade overstates school quality for this exact location.
• Market conditions: 296 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 4,868 units permitted in St. Lucie County in 2024 (268 in 5+ unit buildings).
• At $2,925/mo this rent would consume 56% of the median local household income ($63k/yr) (locally 140% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 90 days — a 6% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $292,495 (22.0% 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 90 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 0.78% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.48%
• DSCR: 0.98
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $431,637
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5142 Armina Pl	0.03mi	4/2.0	1,623 (0%)	2mo	$363,000	$224	97
8627 Giovanni Ave	0.17mi	3/2.0 (-1)	1,509 (-7%)	2mo	$291,300	$193	74
8634 Giovanni Ave	0.18mi	3/2.0 (-1)	1,506 (-7%)	3mo	$297,100	$197	72
5245 San Benedetto Pl	0.18mi	3/2.0 (-1)	1,780 (+10%)	7mo	$341,612	$192	65
8629 Giovanni Ave	0.18mi	4/3.0	1,836 (+13%)	2mo	$342,324	$186	64
8652 Giovanni Ave	0.22mi	4/3.0	1,836 (+13%)	2mo	$339,324	$185	62
5309 Vespera St	0.33mi	4/2.0	1,820 (+12%)	3mo	$365,000	$201	62
5379 Lugo St	0.35mi	4/2.0	1,820 (+12%)	7mo	$355,900	$196	58
8823 Waterstone Blvd	0.57mi	4/2.0	1,820 (+12%)	2mo	$397,652	$218	52
5732 Waterstone Blvd	0.55mi	3/2.0 (-1)	1,780 (+10%)	5mo	$374,652	$210	49
5600 Lugo St	0.54mi	3/2.0 (-1)	1,780 (+10%)	6mo	$374,612	$210	48
5234 Oakland Lake Cir	0.72mi	3/2.0 (-1)	1,460 (-10%)	1mo	$285,000	$195	44

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: -17.1%
• Equity multiple: 0.40×
• Total profit: $-63,517
• Equity at exit: $55,914

10-year hold

• IRR: -9.1%
• Equity multiple: 0.44×
• Total profit: $-59,137
• Equity at exit: $32,423

Cash invested: $105,000 (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: 296
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,925 high
• Mortgage (P&I): −$1,967
• Tax from tax record: −$217 /mo · $2,610/yr
• Insurance: −$156
• HOA: −$12
• Vacancy / Maint / Mgmt: −$614
• Net cashflow: $-42

Break-even live

Break-even rent $2,978

Max offer price $367,655

Occupancy floor 96%

Sensitivity live

Price	-10% $171	-5% $65	+0% $-42	+5% $-148	+10% $-254
Rent	-10% $-273	-5% $-157	+0% $-42	+5% $74	+10% $189
Rate	-1.0pp $147	-0.5pp $54	base $-42	+0.5pp $-139	+1.0pp $-238

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5154 Armina Pl Fort Pierce, FL	3.0	2.0	1477	$2,350	$1.59	15d	1	0.06mi
5082 Armina Pl Fort Pierce, FL	3.0	2.0	1464	$3,000	$2.05	25d	1	0.07mi
5226 Armina Pl Fort Pierce, FL	4.0	2.0	2003	$2,950	$1.47	23d	1	0.21mi
8674 Pavia St Fort Pierce, FL	4.0	2.0	1824	$2,600	$1.43	23d	1	0.50mi
5234 Oakland Lake Cir Fort Pierce, FL	3.0	2.0	1460	$2,300	$1.58	15d	1	0.72mi
7704 Pacific Ave Fort Pierce, FL	3.0	2.0	1719	$2,500	$1.45	15d	1	1.03mi
6602 Palomar Pkwy Unit A Fort Pierce, FL	3.0	1.0	1200	$2,000	$1.67	25d	1	1.15mi
7403 Winter Garden Pkwy Fort Pierce, FL	3.0	2.0	1372	$2,200	$1.60	23d	1	1.27mi
5510 Shannon Dr Fort Pierce, FL	3.0	2.0	1594	$2,350	$1.47	15d	1	1.27mi

HOA detail

• Monthly dues: $12 · $144/yr
• Likely covers: watersecurity

Listing history 25 events

1. 2026-06-21
   days on market $375,000 Active 90 DOM
2. 2026-06-18
   days on market $375,000 Active 87 DOM
3. 2026-06-17
   days on market $375,000 Active 86 DOM
4. 2026-06-16
   days on market $375,000 Active 85 DOM
5. 2026-06-15
   days on market $375,000 Active 84 DOM
6. 2026-06-14
   days on market $375,000 Active 82 DOM
7. 2026-06-13
   days on market $375,000 Active 81 DOM
8. 2026-06-10
   days on market $375,000 Active 79 DOM
9. 2026-06-09
   days on market $375,000 Active 78 DOM
10. 2026-06-08
    days on market $375,000 Active 77 DOM
11. 2026-06-07
    days on market $375,000 Active 76 DOM
12. 2026-06-05
    days on market $375,000 Active 73 DOM
13. 2026-06-03
    days on market $375,000 Active 72 DOM
14. 2026-06-02
    days on market $375,000 Active 71 DOM
15. 2026-06-01
    days on market $375,000 Active 70 DOM
16. 2026-05-31
    days on market $375,000 Active 69 DOM
17. 2026-05-30
    days on market $375,000 Active 68 DOM
18. 2026-03-23
    listed $375,000 Active 559-char remark

    Show marketing remark (559 chars)

    Serene Lakefront Living in Fort Pierce Discover your private oasis in this spacious 4/2 home nestled within a premier gated community. The open-concept layout flows seamlessly to a screened lanai, offering unobstructed views of the tranquil lake—perfect for morning coffee or sunset entertaining. Lakeside Luxury Direct water views from the primary suite and living areas. Modern Comfort: Four generous bedrooms provide ample space for a home office or guest quarters. Peace of Mind: Enjoy the security and amenities of an exclusive gated neighborhood.

19. 2026-03-19
    listed $375,000 Active
20. 2025-09-01
    historical
21. 2025-06-27
    price $399,000
22. 2025-03-01
    listed $405,000 Active
23. 2025-02-23
    historical
24. 2019-12-20
    soldstatus $2,284,800
25. 2004-01-16
    soldstatus $6,300,000

ⓘ 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: $2,610 · $217/mo
• Projected year-2 tax: $3,112 · $259/mo
• Expected delta: +$503/yr (+$42/mo · 19.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 24 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: $35,099
• − Mortgage interest: −$21,006
• − Property taxes: −$2,610
• − Insurance: −$1,875
• − Repairs & maintenance: −$2,808
• − Management: −$2,808
• − HOA: −$144
• − Depreciation: −$10,909
• Taxable loss: −$7,060
• Est. tax savings @ 24.0%: +$1,694
• After-tax cash flow: $1,196/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

• 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

-94.0% since first listed

8 events — show timeline

• 2026-03-23 Listed $375,000 RAIRCMLS
• 2026-03-19 Listed $375,000 Beaches MLS
• 2025-09-01 Listing Removed — Beaches MLS
• 2025-06-27 Price Changed $399,000 Beaches MLS
• 2025-03-01 Listed $405,000 Beaches MLS
• 2025-02-23 Coming Soon — Beaches MLS
• 2019-12-20 Sold (Public Records) $2,284,800 Public Records
• 2004-01-16 Sold (Public Records) $6,300,000 Public Records

Property tax history

+27.6%/yr

Latest (2025): $2,610 · +3.3% YoY. Source: county tax records.