NOT LISTED FOR SALE

5107 SE Primrose Way Stuart, FL 34997

Port Salerno Area

Estimated Value: $497,273 - $505,000

2 Beds
6 Baths
2,511 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: August 28, 2024

Last sale price $495,000 $197 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,527 / mo

3 Days on Market

About This Home

As of August 2024

Great opportunity to own this Triplex in Stuart. Stuart is named one of the best places to live in Florida. The location is close to Port Salerno, parks, dining, and 6 miles from downtown. Each unit is on a separate meter and has a washer and dryer hookup. Each unit is 2 bedrooms and 2 bathrooms with separate driveways. The Triplex is located in a quiet neighborhood of Manatee Park.This triplex offers steady rental income with three units. Situated in a quiet neighborhood of Manatee Park, Triplex is sold as is with right to inspect.Live in one and rent out the other two.

Last Agent to Sell the Property

Fiona Barone

EXP Realty LLC License #3337434 Listed on: 07/05/2024

EXP Realty LLC

Last Buyer's Agent

Reid Armor

NAI Southcoast License #3328981

NAI Southcoast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,552

Year Built

  • Built in 1990

Lot Details

  • 12,863 Sq Ft Lot

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 6 Bathrooms
  • 2,511 Sq Ft Home
  • 1-Story Property

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, sewer, water
  • Assessor Parcel Number 303842002009000106

Community Details

Overview

  • Property has a Home Owners Association
  • 3 Units
  • Dixie Park Addition Subdivision

Building Details

  • Gross Income $54,000
  • Net Operating Income $43,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,552

Year Built

Built in 1990

Lot Details

0.3 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Year Built: 1990
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 2511.0

Exterior Features

  • Exterior Features: None
  • View: Other
  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Frame, Stucco
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Association Fee: 30.0
  • Senior Community: No
  • Amenities: None
  • Association: Yes

Lot Info

  • Parcel #: 303842002009000106
  • Lot Size Acres: 0.3
  • Mobile Dim Units: Feet
  • Zoning: res

Rental Info

  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Multi Family

  • Property Net Operating Income: 43272.0
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 54000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8552.42

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Aug 26, 2024
Sold by
Bought by
Seller's Agent
Fiona Barone
EXP Realty LLC
Buyer's Agent
Reid Armor
NAI Southcoast
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%
Views
10
Current Estimated Value
$501,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,318
Avg. Annual Appreciation
0.66%

Purchase Details

Closed on
Sep 23, 2019
Sold by
Bought by

Purchase Details

Listed on
Jan 10, 2014
Closed on
Feb 12, 2014
Sold by
Bought by
Seller's Agent
Marissa Corbo
Management Specialists LLC
Buyer's Agent
Marissa Corbo
Management Specialists LLC
List Price
$97,850
Sold Price
$101,850
Premium/Discount to List
$4,000
4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.79%

Purchase Details

Closed on
Aug 6, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 26, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,120
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$495,000 None Listed On Document
$380,000 Sovereign Shores Ttl Co Inc
$101,900 First American Title Ins Co
$75,900 None Available
$253,900 Advantage Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $256,000
Previous Owner $203,120
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2024 08/28/24 Sold $495,000 -10.0% $197 / Sq Ft
07/05/2024 07/05/24 For Sale $550,000 +440.0% $219 / Sq Ft
04/03/2014 04/03/14 Sold $101,850 +4.1% $41 / Sq Ft View Prior Sale
03/04/2014 03/04/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $97,850 -- $39 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,302 $498,960 $107,530 $391,430
2024 $8,552 $459,993
2023 $8,552 $418,176 $0 $0
2022 $7,797 $380,160 $0 $0
2021 $7,149 $345,600 $92,860 $252,740
2020 $6,786 $334,800 $87,980 $246,820
2019 $5,222 $279,000 $78,200 $200,800
2018 $4,570 $218,700 $63,540 $155,160
2017 $3,205 $202,500 $48,880 $153,620
2016 $3,766 $170,100 $41,060 $129,040
2015 $2,872 $151,200 $41,060 $110,140
2014 $2,872 $122,400 $14,490 $107,910
Source: Public Records

Agents Affiliated with this Home

  • Fiona Barone

    Seller's Agent in 2024

    Fiona Barone

    EXP Realty LLC

    (561) 400-2653

    245 Total Sales

    Fiona Barone
    Section Image
  • Reid Armor

    Buyer's Agent in 2024

    Reid Armor

    NAI Southcoast

    (773) 631-4248

    15 Total Sales

    Reid Armor
    Section Image
  • Marissa Corbo

    Seller's Agent in 2014

    Marissa Corbo

    Management Specialists LLC

    (772) 528-6914

    23 Total Sales

    Marissa Corbo
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11001940

BeachesMLS (Greater Fort Lauderdale)

APN: 30-38-42-002-009-00010-6

Florida Martin County Stuart 34997

5107 SE Primrose Way, Stuart, FL

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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