Stuart FL 34997 Condo Market Report April 2018

05.18.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2018

For April 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Up by 1 condos from March).

19 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2018

9 Condos Sold in April (Decreased by 11 condos from March).

Stuart FL 34997 Condo Market Report April 2018

The Stuart FL condo market for zip code 34997 showed slower activity for April after a red-hot March. Pending sales are off by quite a lot as were the closed sales. In great need of more condos available for sale in this area of Stuart FL.

The absorption rate jumped to 6.3 months in April compared to 2.4 months for March. Back into a balanced market for the 34997 zip code of Stuart FL. A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The April 2017 numbers were: 70 active listings, 44 pending sales, and 5 closed sales. Better closed activity this year even with a significantly reduced number of condos for sale. The pending numbers are not as good.

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Stuart FL 34997 Condo Market Report April 2018

Sewalls Point Waterfront Lot with Dock Sold

05.18.18 by Gabe Sanders

Sewalls Point Waterfront Lot with Dock Sold

Sewalls Point FL Waterfront Land

A 1 Acre (0.974) waterfront lot in the desirable Hillcrest development of Sewall’s Point FL with the potential for fabulous water views with a home waiting to be built. There’s a sturdy 500-foot dock in place which has direct ocean access only minutes away at the Saint Lucie inlet to the Atlantic Ocean. This lot is highlighted by picturesque Mossy Live Oaks, Ficus, and Sabal Palms. The location is ideal, just 40 miles north of Palm Beach and halfway between Miami and Orlando. There are 150(+) feet of water frontage on the Indian River (Intracoastal Waterway).

Sewalls Point FL Waterfront Land

This waterfront lot with ocean access dock only minutes to the Saint Lucie inlet was sold for $899,000. The buyer was introduced to this property by Gabe Sanders specializing in Stuart Florida real estate.

About Sewalls Point:

Sewalls Point FL Waterfront Land

Sewall’s Point real estate offers wide water views of the Saint Lucie River, the Indian River, and the Intracoastal Waterway.

The tree-lined streets feature beautiful estate homes, many of which are waterfront with docks.

With a population of about 2,000 residents, Sewall’s Point boasts a high quality of life with small-town character, while offering the amenities of a large town, such as shopping malls, restaurants, big-name chains, three nearby medical centers and more.

Enjoy nearby beautiful beaches and an abundance of aquatic activities.
Go fishing in one of the many bodies of water surrounding Sewall’s Point.
Be a part of the excellent school system in Martin County.
Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores.
Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.
Take classes at one of the seven institutions of higher educations within an hour’s drive.
Bring your children to the Children’s Museum of the Treasure Coast, offering 12,000 square feet of interactive exhibits.
Experience Indian River Park’s famous Interactive Fountain, hiking trails, and pier.
Attend one of the many local events held at Indian Riverside Park throughout the year such as Pet Fest and Concerts in the Park held once a month on a Sunday from January through May.

The unique charm of Sewall’s Point real estate is reflected in the variety of homes in Sewall’s Point. Properties to meet the needs and tastes of everyone are found in the Sewall’s Point real estate market. Whether you are looking for an upscale, multi-million-dollar estate or a more modest home, there is something special for everyone in the Sewall’s Point real estate market.

Exclusive new subdivisions
Unique Riverfront estates
Upscale gated communities
Custom-built homes
Stately homes with private pools
Mediterranean- style homes
Exquisite waterfront estates
Boater’s dream homes

Whatever your style, need, taste or desire in a home, we can meet your Sewall’s Point real estate needs. When you purchase or sell a home within the Sewall’s Point real estate market, we are able to provide you with the expertise you need and the service you want.

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Sewalls Point Waterfront Lot with Dock Sold

Stuart FL 34997 Residential Market Report April 2018

05.17.18 by Gabe Sanders

Stuart FL 34997 Residential Market Report April 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2018

For April 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 276 active listings (Decreased by 21 homes from March).

166 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from March).

84 Homes Sold in April (Decreased by 8 homes from March)

The Stuart Florida Residential Market for ZIP Code 34997 remains very active. There is strong sales and pending activity. The decrease in inventory is troubling for the future of the market with the potential for much higher prices potentially pricing many out of this market.

The absorption rate was almost unchanged at 3.3 months (was 3.2 months for March). Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for April 2018. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

The 2017 numbers for April, were: 330 active listings, 177 pending listings, and 80 closed sales. There’s considerably less inventory of available homes for sale this year. The sales activity remains very strong even compared to last year.

Stuart FL 34997 Residential Market Report April 2018

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report April 2018

Legacy Cove Stuart FL May 2018 Market Report

05.17.18 by Gabe Sanders

Legacy Cove Stuart FL May 2018 Market Report

There is currently 1 home available for sale in Legacy Cove in Stuart, FL. The list price is $389,000 which is $205.71 per sq. ft. of living area.

There is one home currently under contract awaiting settlement. The list price was $650,000 or $175.87 per sq. ft. of living area. This home was on the market for 93 days prior to going under contract.

In the past 12 months, 6 homes have sold in Legacy Cove with sales prices ranging from $342,000 up to $471,000 for an average sales price of $396,167 which works out to $163.35 per sq. ft. of living area. These sales averaged 97% of list price and went under contract in an average of 31 days after going on the market.

About Legacy Cove in Stuart FL:

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off Cove Road in Stuart, Florida. Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005. The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007. Some homes are yet to be completed in Cove lakes.

There’s a wide variety of homes in Legacy Cove, ranging from the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to 4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area. And many sizes in between.

Legacy Cove boasts a community pool and clubhouse with a fitness center as well as two hard-surfaced tennis courts. Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling. Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school, and Martin County high school.

The HOA fees are very reasonable at $688.00 per quarter. Management of the community is through Bristol Management of Stuart.

Residents of Legacy Cove in Stuart FL enjoy a relaxing lifestyle with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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For any questions you May have about Legacy Cove Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Legacy Cove Stuart FL May 2018 Market Report

Stuart FL 34996 Condo Market Report April 2018

05.16.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2018

For April 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 125 active condo listings (Down by 14 condos from last month).

59 Condo sales are pending and awaiting close or lender approval (Up by 4 condos from March).

39 Condos Sold in April (Up by 10 condos from March)

The Stuart FL 34996 Condo Market of Stuart had a very strong April with increases in closed and pending sales. Unfortunately, the inventory dropped.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.2 months from March’s 4.8 months. Moving to a stronger sellers’ market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2017 were: 148 active listings, 35 pending sales, and 40 closed sales. Better activity last year on a slightly higher inventory.

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report April 2018

Indian River Drive Real Estate May 2018 Market Report

05.16.18 by Gabe Sanders

Indian River Drive Real Estate May 2018 Market Report

There are 25 homes and condos available to purchase off of Indian River Drive for May 2018. These properties are listed for prices from $95,000 up to $2,600,000 for an average list price of $740,660 which works out to $259.32 per sq. ft. of living area.

There are 7 homes under contract. These homes were listed for a minimum of $34,900 up to $449,900 which averages to $271,600 or $162.12 per sq. ft. of living area. These homes were on the market for an average of 153 days before going under contract.

In the past 12 months, 27 homes have sold. Sale prices ranged from a low of $59,900 up to $850,000 for an average sales price of $395,533 which equals $183.71 per sq. ft. of living area. These homes averaged 128 days on market before going under contract and sold for an average of 94% of list price.

About Indian River Drive:

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Discover the last vestiges of old Florida charm and the best values for wide waterfront homes and estate sized land in South Florida today! Twelve miles of paradise on a two-lane country road along the Treasure Coast between the Island Life Of Jensen Beach and the Historic Town of Ft. Pierce. Most of the homes on Indian River Drive will have the wide views of the Intracoastal (Indian River) on the east side and the unspoiled beauty of the Savannahs Preserve State Park on the west side.

The blue waters of the Atlantic Ocean are just minutes away. The famous Hutchinson Island is viewed by all residents along this designated Florida Scenic Route.

The early settlers of the Treasure Coast recognized the Tropical Beauty of this bit of paradise. Long used as a transportation route for the pineapple plantation owners to ship their product to various ports-of-call. The Intracoastal has easy access to the Atlantic Ocean and is a safe haven for boaters. World-class marine life is right at your doorstep and the fishing is some of the best in the world.

The high elevation along the drive adds drama and beauty to most homes along this scenic stretch of two-lane road.

Stuart FL 34996 Residential Market Report April 2018

05.15.18 by Gabe Sanders

Stuart FL 34996 Residential Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2018

For April 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 128 active listings (Decreased by 5 homes from March).

46 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from March).

28 Homes Sold in April (Down by 1 homes from March).

The 34996 zip code area of the Stuart Florida residential real estate market continued the strong activity from March. The low inventory of available homes for sale may be an issue for the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for April remained unchanged from March at 4.6 months. Remaining as a seller’s market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April 2017 were: 163 active listings, 49 pending sales, and 21 closed sales. Better closed activity this year and similar pending activity. All with a considerably smaller inventory of homes for sale.

Stuart FL 34996 Residential Market Report April 2018

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Search here for real estate in the 34996 Zip Code of Stuart FL

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Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report April 2018

River Pines Townhouses May 2018 Market Report

05.15.18 by Gabe Sanders

River Pines Townhouses May 2018 Market Report

As of May 2018, there are 3 active listings for River Pines townhouses for sale in Stuart, FL. Prices range from a low of $160,999 up to $169,900 which equals to an average list price of $165,213 or $128.27 per sq. ft. of living area.

There is only 1River Pines town home under contract awaiting sale. The list price was $174,900 or $135.79 per sq. ft. of living area. This property was on the market for 76 days prior to going under contract.

In the past 12 months, 31 townhouses have sold in River Pines with sales prices ranging from$115,000 up to $165,000 which equals to an average sales price of $143,776 or $110.04 per sq. ft. of living area. These townhomes have been on the market for an average of 93 days prior to going under contract and sold for 97% of the last list price.

About River Pines in Stuart FL:

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes. This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of May 2018, HOA fees were $167 per month.

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River Pines Townhouses May 2018 Market Report

Stuart FL 34994 Condo Market Report April 2018

05.14.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report April 2018

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2018

For April 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 97 active condo listings (Down by 30 condos from March).

75 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month)

28 Condos Sold in March (Increased by 2 condos from March).

The Stuart FL 34994 Condo market lost a significant amount of inventory with bery strong sales and pending activity for the month.

The absorption rate for March dropped to 3.5 months compared to last month’s 4.9. Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last April the numbers were 90 active listings, 31 pending sales, and 29 closed sales. Considerably greater pending activity for this year.

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Stuart, FL Real Estate

Business Opportunity Properties

- Business Opportunity Properties for Sale in Stuart, Florida Between $0 – $500,000
- Business Opportunity Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000

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- Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

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Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000

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Stuart FL 34994 Condo Market Report April 2018

Hutchinson House East Condo Sold

05.14.18 by Gabe Sanders

Hutchinson House East Condo Sold

Awesome Ocean views from this Hutchinson House East 2 bedroom 2 bath condo. This unit is in the very desirable Hutchinson House East condominium located on beautiful Hutchinson Island. This complex has 2 pools, one on the ocean side and one on the river, with attached clubhouses. Boat slips are available for lease or purchase. As a bonus, this condo has excellent potential for seasonal rental income.

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, clubhouse, pools, spa/Jacuzzi, tennis and a private beach.

Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the riverside is called Hutchinson House West. Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms. Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean. Rentals are permitted with some restrictions on duration and frequency. All ages are welcome and for full-time residents, their children will attend the Martin County School system.

The Hutchinson House condos are one of the few condo developments that are pet-friendly and allows for up to 2 large pets.

Currently available condos in Hutchinson House on Hutchinson Island in Stuart, FL

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House – Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View – Sailfish Point – Sandpebble – Seaside – Suntide

Hutchinson House East Condo Sold

May 2018 Market Report for Ocean House in Indian River Plantation

05.13.18 by Gabe Sanders

May 2018 Market Report for Ocean House in Indian River Plantation

May 2018 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently, there are 2 active listing on the market in Ocean House, with list prices for both of these condos is $499,000 or $372.39 per square ft. of living area.

There are no condos currently under contract awaiting settlement.

In the past 12 months, there was only 1 sale in Ocean House. The sales price was $632,150 or $471.75 per square foot of living area. This condos sold for 99% of list price and went under contract 155 days after being listed.

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent. Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore. All suites have Ocean views, even the first-floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House has a newly renovated clubhouse area featuring an updated kitchen with granite countertops and stainless steel appliances. Two flat screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings. All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here. IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings, and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

May 2018 Market Report for Ocean House in Indian River Plantation

Hutchinson Island Condos For Sale

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The Estuary Condo 5-102 Sold

05.12.18 by Gabe Sanders

The Estuary Condo 5-102 Sold

A wonderfully maintained 2 bedroom, 2 bathroom first-floor estuary condo 5-102 with lake views listed for $159,900 has been sold for $156,000 with the buyer being introduced to this property by Gabe Sanders – Stuart Florida Real Estate.

About the Estuary

The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.
The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

Different sections of the Estuary include well appointed 2 and 3 bedroom condos with pool and lake views. A select number of condos have mile wide river views of the Saint Lucie River. An inland section of varying styles, sizes and shapes of homes built from the early 1980’s and also called River Shores Plantation. In 2002, a section of the Estuary was added with villas and smaller single family homes on Tillia Trail with their own community pool. Larger single-family homes were also added at this time along Estuary Court, Plumbago Trail and the western section of NW 21’st Terrace. This section also boasts a community dock suitable for good-sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet. Homes on Plumbago Trail also enjoy spectacular wide water views. The Estuary is truly a wonderful place to call home.

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The Estuary Condo 5-102 Sold

Stuart Florida 34994 Residential Market Report April 2018

05.11.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2018

For April 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 74 active listings (Down by 1 homes from March)

35 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

13 Homes Sold in March (Decreased by 14 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales from last month (which were very strong) but remains a very strong market.

The one-month absorption rate for the 34994 zip code for March jumped to 5.7 months from 2.8 months for March. Hanging on to a seller’s market for the 34994 zip code area of Stuart, FL. A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2017 numbers were 69 Active Listings, 33 pending sales, and 12 closed sales. One of the few areas of Martin County with increased inventory from last year. Sales activity was very similar to last year.

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Stuart Florida Real Estate presented by:
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