NOT LISTED FOR SALE

1711 NW Palm Lake Dr Stuart, FL 34994

North River Shores Neighborhood

Estimated Value: $552,000 - $606,000

3 Beds
2 Baths
1,662 Sq Ft
$347/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $615,000 $370 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,744/month

37 Days on Market

Highlights

  • Water Views
  • Room in yard for a pool
  • Screened Porch
  • Jensen Beach High School Rated A
  • Corner Lot
  • Impact Glass

About This Home

As of October 2024

Turnkey Income producing property: Projected to gross 70k in 2024 with future bookings already secured. Property management in place if needed. Fully remodeled duplex with no shared walls between the units. Each unit is privately fenced. Metal Roof, 2 Carport spaces, 2 brand new AC units, new fence around the property, hooked up to city sewer. each unit has been completely remodeled and excellent rental history and future bookings.

Last Agent to Sell the Property

Matthew William Woodbury

Masters Realty Associates License #3541028 Listed on: 08/27/2024

Last Buyer's Agent

Sara Maple

Kozlowski Executive Prop Inc License #3289916

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,016

Year Built

  • Built in 1959

Lot Details

  • 0.27 Acre Lot
  • Fenced
  • Corner Lot
  • Sprinkler System

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,662 Sq Ft Home
  • 1-Story Property
  • Screened Porch
  • Vinyl Flooring
  • Water Views
  • Impact Glass

Outdoor Features

  • Room in yard for a pool
  • Open Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 293741001007001909

Community Details

Overview

  • 2 Units
  • Palm Lake Park Subdivision

Building Details

  • Operating Expense $10,000
  • Net Operating Income $35,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,016

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: US Hwy 1 to Palm Lake Drive (just North of Jensen Beach Aluminum). Turn East on Palm Lake Drive, house as road bends around the on corner.
  • Year Built: 1959
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Living Area: 1662.0
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Enclosed Porch, Fence, Porch, Room For Pool, Shed
  • View: Other, Water
  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Open, Porch, Screened
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 293741001007001909
  • Lot Size: Corner Lot,West of US-1,
  • Lot Size Sq Ft: 11799.0
  • Zoning Description: 800 - 08
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 35000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6016.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Oct 29, 2024
Sold by
My Real Estate Llc
Bought by
Taveras Diana K
Seller's Agent
Matthew William Woodbury
Masters Realty Associates
Buyer's Agent
Sara Maple
Kozlowski Executive Prop Inc
List Price
$625,000
Sold Price
$615,000
Premium/Discount to List
-$10,000
-1.6%
Views
13
Current Estimated Value
$605,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,585
Avg. Annual Appreciation
-5.53%
Original Mortgage
$563,186
Outstanding Balance
$557,548
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$19,498

Purchase Details

Closed on
Jan 6, 1999
Sold by
Loverro Barbara Ann and Lafontaine Jane M
Bought by
Tobin Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.77%

Purchase Details

Closed on
Nov 18, 1998
Sold by
Hilda C Lafontaine Tr
Bought by
Tobin Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.77%

Purchase Details

Closed on
Dec 23, 1997
Sold by
Lafontaine Adrian L and Lafontaine Hilda C
Bought by
Lafontaine Adrian L and Lafontaine Hilda C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Taveras Diana K $615,000 First American Title
Tobin Michael R $100 --
Tobin Michael R $65,000 --
Lafontaine Adrian L $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taveras Diana K $563,186
Previous Owner Lafontaine Adrian L $60,000
Previous Owner Lafontaine Adrian L $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2024 10/31/24 Sold $615,000 -1.6% $370 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $625,000 +92.3% $376 / Sq Ft
04/19/2022 04/19/22 Sold $325,000 +8.4% $196 / Sq Ft View Prior Sale
03/21/2022 03/21/22 For Sale $299,900 -- $180 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,710 $547,280 $165,000 $382,280
2024 $6,257 $315,084 -- --
2023 $6,257 $286,440 $286,440 $136,440
2022 $2,328 $94,078 $0 $0
2021 $2,287 $91,338 $0 $0
2020 $2,123 $90,077 $0 $0
2019 $1,468 $88,051 $0 $0
2018 $1,430 $86,409 $0 $0
2017 $742 $84,221 $0 $0
2016 $1,333 $82,489 $0 $0
2015 $1,260 $81,916 $0 $0
2014 $1,260 $81,266 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Matthew William Woodbury

    Masters Realty Associates

    (772) 233-8200

    1 in this area

    14 Total Sales

    Matthew William Woodbury
    Section Image

  • S

    Buyer's Agent in 2024

    Sara Maple

    Kozlowski Executive Prop Inc

    (561) 501-3691

    1 in this area

    31 Total Sales

    Sara Maple
    Section Image
  • Adena Williams

    Seller's Agent in 2022

    Adena Williams

    Coldwell Banker Paradise

    (772) 497-4424

    3 in this area

    245 Total Sales

    Adena Williams
    Section Image

  • J

    Buyer's Agent in 2022

    Joanna Moriarty

    Southern Key Realty

    (772) 233-7198

    1 in this area

    18 Total Sales

    Joanna Moriarty
    Section Image
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Map

Source: BeachesMLS

MLS Number: R11015940

BeachesMLS

APN: 29-37-41-001-007-00190-9

Florida Martin County Stuart 34994 North River Shores

1711 NW Palm Lake Dr, Stuart, FL

Not Listed for Sale

MultiFamily

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