For SaleExcellent Deal16 days on market
1218 SW Melrose Avenue
1218 SW Melrose Avenue, Port St Lucie, FL 34953, Port Saint Lucie, FL 34953
$129,000
Listing Price
1218 SW Melrose Avenue, Port St Lucie, FL 34953
Loc: Port Saint Lucie, FL
Days Listed
16
Tax Assessed
$382k
Lot Size
10,000 sqft
Rent Estimate
$2,801/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Floresta Elementary School
PK-5
4.8 mi away
7
Southport Middle School
6-8
5.3 mi away
5
Treasure Coast High School
9-12
1.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
single-storyranch-stylestucco exteriorattached garageconcrete drivewayhip roofasphalt shinglessuburbanresidentiallandscaped lawncovered entrypalm treemultipanel windows
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 10/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
16.78%
Total ROI
323.7%
Cash Flow
$1,135/mo
DSCR
2.70
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $1,135/mo net cash flow with a 16.8% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (16.8%)
- • Strong rental demand in Port Saint Lucie
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-05-08 | Price change | $429,000 | $197 |
| 2026-04-22 | Price change | $445,000 | $204 |
| 2026-03-10 | Price change | $449,900 | $206 |
| 2026-01-11 | Listed for sale | $460,000 | $211 |
| 2025-07-29 | Listing removed | $459,900 | $211 |
| 2025-06-16 | Listing removed | $2,800 | $1 |
| 2025-06-09 | Price change | $2,800 | $1 |
| 2025-06-08 | Price change | $2,900 | $1 |
| 2025-06-06 | Price change | $3,200 | $1 |
| 2025-05-23 | Price change | $3,400 | $2 |
| 2025-05-23 | Price change | $459,900 | $211 |
| 2025-04-18 | Listed for rent | $3,500 | $2 |
| 2023-03-15 | Sold | $108,000 | $49 |
| 2014-12-10 | Sold | $169,000 | $77 |
| 2014-10-04 | Listed for sale | $169,900 | $78 |
| 2014-02-06 | Listing removed | $145,000 | $66 |
| 2013-12-19 | Price change | $145,000 | $66 |
| 2013-11-27 | Price change | $159,650 | $73 |
| 2013-08-29 | Listed for sale | $122,900 | $56 |
| 2005-09-21 | Sold | $282,000 | $129 |
| 2005-05-16 | Sold | $193,700 | $89 |
| 2003-10-01 | Sold | $22,000 | $10 |
| 1995-10-02 | Sold | $4,000 | $2 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $8,456.63 | $393,100 |
| 2024 | $8,568.2 | $398,000 |
| 2023 | $7,831.53 | $285,923 |
| 2022 | $6,941.72 | $259,930 |
| 2021 | $6,134.44 | $236,300 |
| 2020 | $3,108.86 | $150,676 |
| 2019 | $3,108.86 | $147,289 |
| 2018 | $3,075.88 | $138,459 |
| 2017 | $2,771.64 | $185,200 |
| 2016 | $2,961.27 | $170,300 |
| 2015 | $2,920.39 | $131,900 |
| 2014 | $2,946.4 | $109,523 |
| 2013 | $0 | $107,904 |
| 2012 | $0 | $106,100 |
| 2011 | $0 | $112,200 |
| 2010 | $0 | $113,300 |
| 2009 | $0 | $126,400 |
| 2008 | $0 | $173,200 |
| 2007 | $0 | $220,100 |
| 2006 | $0 | $224,900 |
| 2005 | $0 | $48,000 |
| 2004 | $0 | $22,400 |
Similar Properties Nearby
Explore other investment opportunities in Port Saint Lucie.