NOT LISTED FOR SALE

4710 SE Compass Way Stuart, FL 34997

Estimated Value: $325,339 - $397,000

1 Bed
2 Baths
840 Sq Ft
$428/Sq Ft Est. Value

Last Sold February 07, 2024

Last sale price $406,000 $483 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $2,192/month

59 Days on Market

Highlights

  • No HOA
  • Central Air
  • Space Heater
  • Tile Flooring

About This Home

As of February 2024

These are very quaint efficiency in a very fun small waterfront town. Port Salerno was voted one of the coolest little towns in America. It is walking distance to several waterfront restaurants and bars. Lots of outdoor activities, fishing, kayaking, paddle boarding and water bikes to name a few. Or just relax and enjoy the wild parrots that fly through the neighborhood. About a 10 minute drive to many gorgeous beaches. The renovations in May of 2021 include new metal roof, water heater, mini-split air conditioners, kitchen sinks, faucets and countertops. It was painted inside and out. All electrical is up to code. The inside was repainted a few weeks ago. The property has been run like little motel. 2022 P&L is available for serious buyers. All furniture and supplies are include

Last Agent to Sell the Property

Reid Lenit

Real Estate of Florida License #542981 Listed on: 01/02/2024

Real Estate of Florida

Last Buyer's Agent

Eric Mulcahy

RE/MAX Select Group License #3231173

RE/MAX Select Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,776

Year Built

  • Built in 1956

Lot Details

  • 8,710 Sq Ft Lot

Home Design

  • Duplex
  • Wood Truss/Raft
  • Metal Roof
  • Stucco

Interior Spaces

  • 2 Bathrooms
  • 840 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Air
  • Space Heater
  • Three-Phase Power
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 513841004005000404

Community Details

Overview

  • No Home Owners Association
  • Salerno Shores Subdivision

Building Details

  • Gross Income $37,059
  • Net Operating Income $19,983

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,776

Year Built

Built in 1956

Lot Details

8,710 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1956
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 840.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block, Stucco
  • Property Condition: Resale
  • Roof: Metal, Wood Trusses

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Space Heater
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 513841004005000404
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Mobile Dim Units: Feet
  • Zoning: R3

Rental Info

  • Tenant Pays: Janitorial Service, Taxes

Multi Family

  • Property Net Operating Income: 19983.47
  • Annual Gross Income: 37059.32

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2776.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Apr 2, 2024
Sold by
Wallace Joseph R
Bought by
Paradise Pocket Llc
Seller's Agent
Reid Lenit
Real Estate of Florida
Buyer's Agent
Eric Mulcahy
RE/MAX Select Group
List Price
$413,000
Sold Price
$406,000
Premium/Discount to List
-$7,000
-1.69%
Views
47
Current Estimated Value
$359,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,665
Avg. Annual Appreciation
-5.55%
Original Mortgage
$304,500
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 2, 2024
Closed on
Feb 7, 2024
Sold by
Be My Guest Rentals Llc
Bought by
Wallace Joseph R
Seller's Agent
Reid Lenit
Real Estate of Florida
Buyer's Agent
Eric Mulcahy
RE/MAX Select Group
List Price
$413,000
Sold Price
$406,000
Premium/Discount to List
-$7,000
-1.69%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,500
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2021
Sold by
Ray James B and Ray James B
Bought by
Be My Guest Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2017
Sold by
Ray James B
Bought by
Ray James B and James B Ray Sr Revocable Living Trust

Purchase Details

Closed on
Jun 19, 2012
Sold by
Dawson James Michael
Bought by
Ray James

Purchase Details

Closed on
Jun 11, 2010
Sold by
Fannie Mae
Bought by
Dawson James Michael

Purchase Details

Closed on
Mar 23, 2010
Sold by
Lamore Bessie and Tomas Anton
Bought by
Federal National Mortgage Association
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
Paradise Pocket Llc $100 None Listed On Document
Wallace Joseph R $406,000 None Listed On Document
Be My Guest Rentals Llc $150,000 Attorney
Ray James B -- Attorney
Ray James $52,000 Attorney
Dawson James Michael $52,500 Attorney
Federal National Mortgage Association -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wallace Joseph R $304,500
Previous Owner Be My Guest Rentals Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2024 02/07/24 Sold $406,000 -1.7% $483 / Sq Ft
11/04/2023 11/04/23 For Sale $413,000 -- $492 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $3,422 $274,430 $31,500 $242,930
2024 $3,103 $172,425 -- --
2023 $3,103 $156,750 $0 $0
2022 $2,777 $142,500 $14,400 $128,100
2021 $1,175 $45,370 $14,400 $30,970
2020 $1,120 $46,180 $14,400 $31,780
2019 $1,147 $47,320 $14,400 $32,920
2018 $1,168 $49,060 $14,400 $34,660
2017 $711 $42,260 $14,400 $27,860
2016 $1,038 $43,180 $14,400 $28,780
2015 $1,486 $72,230 $43,120 $29,110
2014 $1,486 $80,980 $47,910 $33,070
Source: Public Records

Agents Affiliated with this Home

  • Reid Lenit

    Seller's Agent in 2024

    Reid Lenit

    Real Estate of Florida

    (772) 221-2424

    5 in this area

    7 Total Sales

    Reid Lenit
    Section Image
  • Eric Mulcahy

    Buyer's Agent in 2024

    Eric Mulcahy

    RE/MAX

    (772) 485-7960

    2 in this area

    39 Total Sales

    Eric Mulcahy
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10931216

BeachesMLS (Greater Fort Lauderdale)

APN: 51-38-41-004-005-00040-4

Florida Martin County Stuart 34997

4710 SE Compass Way, Stuart, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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