Seller's Agent in 2025
Candace Ortiz
Serhant
(561) 685-7368
1 in this area
64 Total Sales
514 NW Stuart Ave Stuart, FL 34994
North River Shores NeighborhoodEstimated Value: $751,000 - $850,000
5
Beds
4
Baths
2,760
Sq Ft
$286/Sq Ft
Est. Value
Highlights
- Corner Lot
- No HOA
- Ceramic Tile Flooring
- Felix A. Williams Elementary School Rated A-
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
About This Home
As of February 2025Attention Investors! Welcome to your next investment opportunity nestled in the highly desirable North River Shores Area of Riverside Park! This property offers the perfect blend of home living and rental income potential with three separate units. The rental units are currently occupied on varying lease terms, providing flexibility for new ownership. Each unit boasts its own unique layout. The 3-bedroom unit is currently utilized as a successful VRBO rental (avg $3,000/month) and comes fully furnished w/ a large fenced in yard. Both 2/1's have annual tenants paying $2400/mo and $2100/mo., the detached yellow unit is fully furnished and has a large fenced in yard, offering a seamless turnkey investment opportunity. Convenience is key in this prime location, situated just behind the Talkhouse and The Deck Restaurant. Residents can easily stroll or bike to popular local spots like Sailors Return and Gilberts Coffee House, as well as numerous marinas. Plus, downtown Stuart is just a stone's throw away. The CRA has recently approved a 2.1 million dollar improvement project for Riverside park which will include adding sidewalks, on street parking, crosswalks, streetlights and landscaping. The property presents multiple opportunities for savvy investors, whether it's maximizing rental income from the existing units or exploring the potential to develop further on the four available lots. With zoning permitting up to a three-story structure reaching a maximum height of 35 feet, the possibilities are endless. Built to last, all units feature sturdy concrete block construction and metal roofs (2004 approx), ensuring durability and low maintenance. Recent property improvements include fresh exterior and interior paint on the entire property, newer a/c (split) and remodeled bathroom in the cottage and 3 bed unit, pink cottage replumbed and a new fence on the West side of the property. Each unit has its own electric and water meters, as well as interior laundry facilities, enhancing tenant convenience and utility management. There is plenty of off-street parking for all 3 units. Don't miss out on this rare chance to own a prime income-producing property in a sought-after location. Whether you're an investor or looking for a home with supplemental rental income, this property checks all the boxes. Schedule your showing today and seize the opportunity to make this property your own!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,745
Year Built
- Built in 1981
Lot Details
- 0.25 Acre Lot
- Corner Lot
Home Design
- Triplex
- Metal Roof
Interior Spaces
- 4 Bathrooms
- 2,760 Sq Ft Home
- 1-Story Property
- Blinds
Flooring
- Laminate
- Ceramic Tile
Schools
- Felix A. Williams Elementary School
- Stuart Middle School
- Jensen Beach High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 323741004005003608
Community Details
Overview
- No Home Owners Association
- 3 Units
- Riverside Park Subdivision
Building Details
- Gross Income $90,000
- Net Operating Income $60,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2024
Closed on
Feb 7, 2025
Sold by
J & C Holdings Of South Florida Llc
Bought by
514 Nw Stuart Ave Llc
Seller's Agent
Candace Ortiz
Serhant
Buyer's Agent
Lisa Gonzalez
Keller Williams Realty Jupiter
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,323
Avg. Annual Appreciation
0.49%
Original Mortgage
$450,000
Outstanding Balance
$445,700
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$343,544
Purchase Details
Closed on
Sep 9, 2022
Sold by
Marc Slobasky
Bought by
J & C Holdings Of South Florida Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 10, 2012
Closed on
Dec 19, 2012
Sold by
Alpha Property Holdings Llc
Bought by
Slobasky Marc
Seller's Agent
Gail McCallum
RE/MAX of Stuart
Buyer's Agent
NON MEMBER
List Price
$199,900
Sold Price
$198,000
Premium/Discount to List
-$1,900
-0.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%
Original Mortgage
$194,327
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 26, 2010
Sold by
Stoddard Stacey and Hook George M
Bought by
Alpha Property Holdings Llc
Purchase Details
Closed on
Jun 21, 2002
Sold by
Heron Michael T and Heron Jean E
Bought by
Stoddard Stacey and Hook George M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,900
Interest Rate
6.79%
Purchase Details
Closed on
Mar 16, 2001
Sold by
Heron Krista J
Bought by
Heron Michael and Heron Jean
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 514 Nw Stuart Ave Llc | $785,000 | None Listed On Document | |
| 514 Nw Stuart Ave Llc | $785,000 | None Listed On Document | |
| J & C Holdings Of South Florida Llc | $630,000 | -- | |
| Slobasky Marc | $198,000 | Attorney | |
| Slobasky Marc | -- | Attorney | |
| Alpha Property Holdings Llc | $138,000 | None Available | |
| Stoddard Stacey | $190,000 | -- | |
| Heron Michael | $42,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 514 Nw Stuart Ave Llc | $450,000 | |
| Closed | 514 Nw Stuart Ave Llc | $450,000 | |
| Previous Owner | J & C Holdings Of South Florida Llc | $456,000 | |
| Previous Owner | Slobasky Marc | $194,327 | |
| Previous Owner | Stoddard Stacey | $150,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $785,000 | -1.8% | $284 / Sq Ft | |
| 11/20/2024 11/20/24 | For Sale | $799,000 | 0.0% | $289 / Sq Ft | |
| 11/14/2022 11/14/22 | Rented | $2,600 | 0.0% | -- | |
| 11/03/2022 11/03/22 | Under Contract | -- | -- | -- | |
| 10/26/2022 10/26/22 | Price Changed | $2,600 | -3.7% | $2 / Sq Ft | |
| 10/21/2022 10/21/22 | For Rent | $2,700 | 0.0% | -- | |
| 12/19/2012 12/19/12 | Sold | $198,000 | -1.0% | $72 / Sq Ft | View Prior Sale |
| 11/19/2012 11/19/12 | Pending | -- | -- | -- | |
| 07/10/2012 07/10/12 | For Sale | $199,900 | -- | $72 / 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 | $10,745 | $638,964 | -- | -- |
| 2024 | $9,856 | $580,877 | -- | -- |
| 2023 | $9,856 | $528,070 | $528,070 | $328,570 |
| 2022 | $7,285 | $344,995 | $0 | $0 |
| 2021 | $6,473 | $313,632 | $0 | $0 |
| 2020 | $5,812 | $319,200 | $109,250 | $209,950 |
| 2019 | $5,138 | $259,200 | $90,250 | $168,950 |
| 2018 | $4,909 | $264,600 | $104,500 | $160,100 |
| 2017 | $4,019 | $218,400 | $80,750 | $137,650 |
| 2016 | $3,902 | $201,600 | $76,000 | $125,600 |
| 2015 | $3,267 | $203,700 | $85,500 | $118,200 |
| 2014 | $3,267 | $174,600 | $65,000 | $109,600 |
Source: Public Records
Agents Affiliated with this Home
-
Candace Ortiz
-
Veronica Russo
Seller Co-Listing Agent in 2025
Veronica Russo
Serhant
(561) 371-7277
1 in this area
68 Total Sales
-
Lisa Gonzalez
L
Buyer's Agent in 2025
Lisa Gonzalez
Keller Williams Realty Jupiter
(561) 310-2886
1 in this area
35 Total Sales
-
Gail McCallum
Seller's Agent in 2012
Gail McCallum
RE/MAX
(800) 741-1252
7 in this area
99 Total Sales
-
N
Buyer's Agent in 2012
NON MEMBER
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R11038909
APN: 32-37-41-004-005-00360-8
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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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