Port Saint Lucie, FL, 34952 - For Sale By Owner

Additional features: Floors: 1, Garage size: 2.5, School district: Saint Lucie County School District, Features: Waterfront, Pool, Central AC

No Reasonable Offer Refused

We have found another house and need to close quickly

Waterfront Pool House with Deep Water Access, No Fixed Bridges, 30 Min to the Intercostal Waterway or 20 Min to Corp of Army Engineers St. Lucie Canal that is the passageway from the Atlantic to the Gulf of Mexico.xa0 It is not just waterfront property with boating available just a short drive away.xa0This is, step from your backyard to your boat and from your boat to any dock on any ocean and it is priced to sell.xa0 To compare it with others homes like this one, just use the advanced search but only selectxa0"boating."

The house has

• an open floor plan with cathedral/vaulted ceiling, living/family, dining room and large kitchen with multiple oversized glass sliders.
• axa0spacious, southerly situated, covered, and screened patio with a solar heated pool, automatic pool chlorinator, pool scrubber and threexa0outdoor ceilingxa0fans.
• 3 bedroom, 2 bathroom i.e. a guest bedroom, a workout room with a slider to screened patio/pool and a maser bedroom with a sliders and duel walk-in closets.
• a large master bathroom with a large walk-in glass shower enclosure and full length vanity
• a fully landscaped yard with automatic irrigation system on well
• an extra large garage with overhead storage, epoxy floor, wide driveway for third car or a boat
• a garbage disposal, refrigerator, dishwasher, microwave, electric range stove, (all Whirlpool)
• fans throughout and central air conditioning with electrical heat (if ever needed)
• a laundry room also with Amana washer and dryer
• town sewer and water
• real estate taxes that were less than $1000/quarter (no State income tax)
• Home Owner Association dues less than $200 a quarter (that include a Club Med membership at a reduced rate)
• high speed cable fiber optic or DSL internet access available
• a mooring on Kitching Cove

It is,

• on a dead end street
• wired for Cable, Direct TV or Dish Network
• close to schools, beaches, restaurants, shopping, five golf courses and the NY Mets spring trainingxa0xa0
• built to the latest hurricane codes
• a basic house, clean, hospital white inside and out so I will hand you back $10,000 at closing for new; window treatments, painting or wall papering, door and window trim and new counter tops.xa0 You should also be able to expand the pool deck and screen house to include the master bedroom and replace those sliders with French doors.

xa0xa0xa0xa0 This is a young, modern, basic house that is well built and easy/inexpensive to maintain. It is on a canalxa0six house lots from Kitching Cove on the north branch of the Saint Lucie River.xa0The canal has just been dredged to a four foot depth at mean low water and it is loaded with fish.

xa0xa0 It is also a great investment.xa0 Two larger homes across the canal recently sold for over $900,000. Two large lots of land in the samexa0homeowners association recently sold for over $900,000 each with no houses. There is a new development going up 2500 yards away and the house lots are sellingxa0for over a $1,000,000 each. You can turn this house from a basic house to outstanding home with just a few smart upgrades. Live in it, enjoy it and if the time comes to move, turn your investment into something better and step-up.xa0

xa0xa0xa0xa0 If you want to comparexa0this listingxa0to other offerings just use the advanced search options in "For Sale by Owner", select "boating" only. You will find approximately 28 other offering within 50 miles radius or a 100 mile diameter. Use the "Map It" function on the left hand side and selectxa0"Satellite."xa0 View each listing. You will find less than a third are real waterfront property with deep water access.xa0 That third is selling for $700,000 and up. Do not use waterfront as search options or you will get anything and everything that overlooks a retention pond, irrigation canal, etc.xa0 Everything that has boating will also have all the other amenities that youxa0are looking for, pool, central air, etc.

xa0xa0xa0xa0Your investment in a waterfront property is not the same as a regular real estate investment. It appreciates at a higher rate because of the increasing demand and diminishing supply. Real estate investments consistently out perform the stock market. Waterfront real estate is almost insensitive to normal fluctuation in the real estate market.xa0xa0However, like any other piece of real property the cost of your investment is not just what you pay for the property. It includes the interest, the taxes, thexa0homeowners' association dues and the upkeep. Paying for things that you do not need or do not use only reduces your ROI.xa0 You may look at as a living expense but higher taxes, interest and association dues that do not provide you with that you need and use consistently are actually just an incremental cost of your investment.

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