Indian River Point October 2016 Market Report

For late October 2016, there is only one home available for sale in the Indian River Point (a.k.a. Newport Jensen) community of Jensen Beach on Hutchinson Island.  This home is listed for $288,975 which is $184.46 per sq. ft. of living area.

There is one home under contract.  It was listed for $267,000 or $121.53 per sq. ft. of living area.  This home was on the market for 38 days before going under contract.

In the past 12 months, 4 homes have sold.  Sales prices ranged from $200,000 to $305,000 or an average sales price of $260,225 which equals $157.62 per sq. ft. of living area.  These homes took an average of 79 days on market to go under contract and sold for an average of 90% of list price.

Situated on the shores of the wide Intracoastal at the east side of the Jensen Beach Causeway is the private community of Indian River Point (also known by its official designation as Newport Jensen). This non-gated community of 67 homes features community docks with a fishing station, tennis court, community pool and outdoor areas for barbecuing.

Homes were constructed from 1976 to 2001 (with the majority of them built from 1976 to 1983), though some of the homes have been totally remodeled and appear brand new. Sizes range from 2 Bedroom, 2 Bathroom homes of 1,100 sq. ft. up to 4 Bedroom, 3 Bathroom homes of up to 2,370 sq. ft. of living area. Both one and two story homes are in this waterfront community. Some homes have a 1 car garage while others have assigned parking spaces near or in front of the residences.
As of this writing the home owners’ association fees are $300 a month and these include basic cable TV, landscape and lawn maintenance as well as the insurance and care of the common areas and facilities.

Indian River Point is a wonderful and tight knit small community that is within walking distance to the beaches and only a short drive to quaint downtown Jensen Beach. Close to restaurants, shopping and in the ‘A’ rated Martin County School District. A wonderful winter getaway or full time Florida home.

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