Key West Style CBS Home with Income-Producing Apartment in Walkable Riverside Park
Welcome to a rare Key West style retreat offering unmatched flexibility, modern updates, and an income-producing bonus--all in one of Stuart's most walkable neighborhoods. This solid concrete block 3 bedroom 2 and a half bath home with a detached garage and apartment is built for peace of mind, featuring full impact windows and metal roofs on both structures.
Set in the charming Riverside Park community, right next to prestigious North River Shores and just minutes from Downtown Stuart, the home provides the perfect blend of quiet residential living and vibrant city convenience. With no HOA, you have the freedom to personalize, enhance, or expand the property to match your vision.
Inside, the main home impresses with a bright and airy atmosphere, 10' ceilings on the lower level, and brand-new solid wood flooring throughout. The gourmet kitchen serves as the home's centerpiece, complete with an oversized island ideal for gatherings and everyday living. Fresh interior paint, updated finishes, and inviting natural light create a move-in-ready experience. Upstairs, the generous primary suite offers a private balconya peaceful spot for morning coffee or evening sunsets.
A major advantage is the detached 2-car garage with a fully equipped efficiency apartment above, currently tenant-occupied. With its own kitchen, full bath, and washer/dryer, it's a perfect setup for steady income, visiting guests, or a private studio/office.
This desirable location is truly walkable, placing you steps away from local cafés, restaurants, specialty shops, and a waterfront park across the street with direct access to kayaking, paddleboarding, and a small dog park along the St. Lucie River.
Exciting neighborhood improvements are underway including new sidewalks, on-street parking, improved crosswalks, upgraded street lighting, fresh landscaping, and resurfaced streetsadding long-term value, improved curb appeal, and exceptional walkability to the area.
Unique Offering:
The current owners may consider selling the adjacent home as well, giving buyers the opportunity to acquire two neighboring properties. Together, the combined parcels offer options rarely found in Stuartspace for an expanded yard, pool, additional outdoor living areas, or a multigenerational compound with multiple revenue-producing units.
Experience the best of Riverside Park living with income potential, modern upgrades, and room to growall in one of Stuart's most desirable and up-and-coming neighborhoods.
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|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $599,200 | $599,200 | $599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.557% | 5.920% |
| Monthly Tax Payment | $839 | $839 | $839 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,593 | $3,738 | $4,936 |
| Total Monthly Payment | $4,524 | $4,669 | $5,867 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.