514 NW Stuart Avenue
Stuart, FL 34994
Bahama Terrace- 7 Beds
- 4 Baths
- 2,760 sqft (on 0.25 acres)
7 Beds
4 Baths
2,760 sqft
(on 0.25 acres)
Local Information
-- mins to
Description
Attention Investors! Welcome to your next investment opportunity nestled in the highly desirable North River Shores Area of Riverside Park! This property offers the perfect blend of home living and rental income potential with three separate units. The rental units are currently occupied on varying lease terms, providing flexibility for new ownership. Each unit boasts its own unique layout. The 3-bedroom unit is currently utilized as a successful VRBO rental (avg $3,000/month) and comes fully furnished w/ a large fenced in yard. Both 2/1's have annual tenants paying $2400/mo and $2100/mo., the detached yellow unit is fully furnished and has a large fenced in yard, offering a seamless turnkey investment opportunity. Convenience is key in this prime location, situated just behind the Talkhouse and The Deck Restaurant. Residents can easily stroll or bike to popular local spots like Sailors Return and Gilberts Coffee House, as well as numerous marinas. Plus, downtown Stuart is just a stone's throw away. The CRA has recently approved a 2.1 million dollar improvement project for Riverside park which will include adding sidewalks, on street parking, crosswalks, streetlights and landscaping. The property presents multiple opportunities for savvy investors, whether it's maximizing rental income from the existing units or exploring the potential to develop further on the four available lots. With zoning permitting up to a three-story structure reaching a maximum height of 35 feet, the possibilities are endless. Built to last, all units feature sturdy concrete block construction and metal roofs (2004 approx), ensuring durability and low maintenance. Recent property improvements include fresh exterior and interior paint on the entire property, newer a/c (split) and remodeled bathroom in the cottage and 3 bed unit, pink cottage replumbed and a new fence on the West side of the property. Each unit has its own electric and water meters, as well as interior laundry facilities, enhancing tenant convenience and utility management. There is plenty of off-street parking for all 3 units. Don't miss out on this rare chance to own a prime income-producing property in a sought-after location. Whether you're an investor or looking for a home with supplemental rental income, this property checks all the boxes. Schedule your showing today and seize the opportunity to make this property your own!
514 NW Stuart Avenue, Stuart, FL 34994 is a 7 bedroom, 4 bathroom, 2,760 sqft multi-family in Bahama Terrace, built in 1981. It last sold for $785,000 on Feb 7, 2025 (2% below the $799,000 asking price). More recently, it was listed as a rental in April 2025 with an asking price of $2,800 per month. That rental listing was removed on October 2, 2025. It is currently off market. The Trulia Estimate is $902,200, with a rent estimate of $2,245/month.
Home Highlights
Parking
No Info
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 514 NW Stuart Avenue
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Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 4 |
Dimensions and Layout Living Area: 2760 Square Feet |
Appliances & Utilities Utilities: Cable Available, Sewer Available, Water Available |
Heating & Cooling Heating: Central,Individual,Wall FurnaceHas CoolingAir Conditioning: Central Air,Electric,Wall/Window Unit(s)Has HeatingHeating Fuel: Central |
Gas & Electric Electric: 3 Phase |
Windows, Doors, Floors & Walls Window: Blinds, DrapesFlooring: Ceramic Tile, Laminate |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Ceramic Tile, Laminate |
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Exterior Home Features Roof: MetalFencing: FencedNo Private Pool |
Frontage Waterfront: NoneNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 109 |
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Year Built Year Built: 1981 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex, Multi Family, Multi FamilyStructure Type: TriplexArchitecture: Triplex |
Building Construction Materials: BlockNot a New Construction |
Property Information Condition: ResaleParcel Number: 323741004005003608 |
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Price List Price: $799,000 |
Status Change & Dates Off Market Date: Mon Dec 16 2024Possession Timing: Close Of Escrow, Negotiable |
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MLS Status: Closed |
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Direction & Address City: StuartCommunity: RIVERSIDE PARK |
School Information Elementary School: Felix A. WilliamsJr High / Middle School: StuartHigh School: Jensen Beach |
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Building Area Building Area: 2760 Square Feet |
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Not Senior CommunityUnits in Building: 3 |
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Association for this Listing: BeachesMLSNo HOA |
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Lot Area: 0.25 acres |
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Special Conditions: Listed As-Is |
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Contingencies: Appraisal, Financing, InspectionListing Terms: Cash, Conventional |
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Mobile Home Park Mobile Home Units: Feet |
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Expense Tenant Pays: None |
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Mls Number: R11038909Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-12085-N-323741004005003608-R-N |
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HOA Amenities: ParkDays On Market Replication: 26 |
Last check for updates: about 12 hours ago
Listed by Candace Erin Ortiz
Serhant
Veronica Russo
Serhant
Bought with: Lisa Gonzalez, (561) 310-2886, Keller Williams Realty Jupiter
Originating MLS: BeachesMLS
Source: BeachesMLS, MLS#R11038909

Price History for 514 NW Stuart Avenue
| Date | Price | Event | Source |
|---|---|---|---|
| 10/02/2025 | $2,400 | ListingRemoved | BeachesMLS #R11078890 |
| 08/19/2025 | $2,400 | PriceChange | BeachesMLS #R11078890 |
| 07/22/2025 | $2,200 | PriceChange | BeachesMLS #R11078890 |
| 05/02/2025 | $2,600 | PriceChange | BeachesMLS #R11078890 |
| 04/06/2025 | $2,800 | Listed For Rent | BeachesMLS #R11078890 |
| 02/07/2025 | $785,000 | Sold | BeachesMLS #R11038909 |
| 12/11/2024 | $14,000 | ListingRemoved | BeachesMLS #R11023386 |
| 11/26/2024 | $14,000 | PriceChange | BeachesMLS #R11023386 |
| 11/22/2024 | $3,800 | PriceChange | BeachesMLS #R11023386 |
| 11/20/2024 | $799,000 | Listed For Sale | BeachesMLS #RX-11038909 |
| 11/18/2024 | $2,650 | PriceChange | BeachesMLS #R11023386 |
| 10/23/2024 | $799,000 | ListingRemoved | BeachesMLS #RX-11000370 |
| 10/23/2024 | $2,950 | PriceChange | BeachesMLS #R11023386 |
| 10/23/2024 | $799,000 | PendingToActive | BeachesMLS #RX-11000370 |
| 10/15/2024 | $799,000 | Pending | BeachesMLS #RX-11000370 |
| 09/24/2024 | $3,000 | Listed For Rent | BeachesMLS #R11023386 |
| 06/29/2024 | $799,000 | Listed For Sale | BeachesMLS #RX-11000370 |
| 05/13/2024 | ListingRemoved | BeachesMLS #R10970160 | |
| 05/02/2024 | ListingRemoved | BeachesMLS #RX-10971617 | |
| 04/18/2024 | $2,150 | PriceChange | BeachesMLS #R10970160 |
| 04/08/2024 | $2,200 | PriceChange | BeachesMLS #R10970160 |
| 03/29/2024 | $2,250 | PriceChange | BeachesMLS #R10970160 |
| 03/25/2024 | $799,000 | Listed For Sale | BeachesMLS #RX-10971617 |
| 03/19/2024 | $2,350 | Listed For Rent | BeachesMLS #R10970160 |
| 11/03/2022 | ListingRemoved | Zillow Rental Network_1 | |
| 09/12/2022 | $630,000 | Sold | N/A |
| 12/19/2012 | $198,000 | Sold | Martin County REALTORS® of the Treasure Coast (MCRTC) #M364671 |
| 07/05/2002 | $190,000 | Sold | N/A |
| 09/22/1993 | $128,900 | Sold | N/A |
Market trends in Stuart
Last updated June 2026
Avg. sale price
$378K
$3.17KMoM
Sale-to-List Price
96.4%
0.1%MoM
Price per sq ft
$262
$6MoM
Available listings
721
52MoM
Property Tax and Assessment
| Year | 2025 |
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| Tax | $12,329 |
| Assessment | $834,120 |
Home facts updated by county records
Comparable Sales for 514 NW Stuart Avenue
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
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2.61 | Multi-Family Home | $345,000 | 03/12/26 | 2 | 2 | 1,525 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 514 NW Stuart Avenue.
What Locals Say about Bahama Terrace
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Apartments for Rent
Homes for sale near 514 NW Stuart Avenue
Off Market Homes Near 514 NW Stuart Avenue

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

