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About this home
Investor alert: income-producing legal duplex in historic Pinewood, minutes from downtown Fort Pierce. Renovated and freshly painted 1925 Mediterranean/Old Spanish duplex, 2,084 sq ft on a 7,405 sq ft lot — no HOA. Both units rented: $3,800/month in place ($45,600/year), an approx. 8.5% cap rate on verified figures. Hold for cash flow, or live in one unit and let the other pay the mortgage. Buyer and buyer's agent to verify all information, measurements, rents and expenses.
Multi-familyProperty Type
1925Year Built
7,500 sq ftLot Size
$322Price/Sq.Ft.
Listed by Jose Caceres• Charles Rutenberg Realty FTL
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
St. Lucie Elementary School
Public PreK-5 • Assigned • 0.6mi
5/10
Dan Mccarty School
Public 6-8 • Assigned • 0.4mi
4/10
Provided by GreatSchools
About
Pinewood
Pinewood, located between US-1 and Indian River Drive, is a residential and coastal Fort Pierce neighborhood with mid-century ranch homes and breezy riverfront scenery. The neighborhood’s character concentrates around the US-1 and Virginia Avenue corridor, where local storefronts, marinas, and casual eateries set a working-waterfront tone. Streets read as low-rise and leafy, with driveways, mature trees, and a laid-back pace. Weekends often orbit the waterfront parks and boat ramps along the Indian River Lagoon. Downtown’s cultural calendar sits close by, adding galleries and live performance to the routine. The geography keeps daily life oriented to bridges, inlets, and the river’s changing light.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Laundry & utility
Outdoor laundry area
Flooring
Laminate, tile, vinyl, and wood flooring
Heating & cooling
Heat pump
Ductless cooling
Wall/window unit cooling
Exterior features
Open patio
Open porch
Fenced backyard
Outbuilding
Home design
Duplex
One story
Construction
Frame and stucco construction
Other roof
Slab foundation
Utilities
Public water
Public sewer and private sewer
Cable available
Electricity connected
Sewer connected
Water connected
Two electric meters
Two water meters
Financial info
Two units
Tenants pay for electricity and water
Pets are not allowed
Electricity and solar
View estimated energy costs and solar savings for this home
Experience the perfect home for multi generational living or a savvy investment nestled in the heart of Fort Pierce, This Mediterranean Inspired property offers two charming units this Duplex consists of 2 bedroom 1 bath Duplex in the front of the property along with a detached mother in law quarter in the back. With a spacious gravel yard making maintenance a breeze. Situated near downtown Fort Pierce, One block from AIA, Beautiful Beaches and an abundance of dining options. It is an ideal location for all. Don't Miss out on the opportunity to live in one unit and rent out the other or create a multigenerational living space. Schedule your viewing today before this GEM is gone. As per the county records this is a Duplex consisting of a total of 2 baths
Beaches MLS #R10699716
May 20, 2021
Sold
$195,000
$122/sq ft
Mar 15, 2021
Listed
$210,000
$131/sq ft
+8
Great investment opportunity with well established tenants already in place. This Spanish style duplex offers two bedrooms one bath with approximately 1,000 sq feet living on each side. Close to downtown Fort Pierce and areas best beaches.
Public Records
Apr 3, 2002
Sold
$45,000
$28/sq ft
Public Records
Jan 1, 1988
Sold
$61,000
$38/sq ft
Public Records
May 1, 1985
Sold
$54,000
$34/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,943 (+35.4%)
2024
$4,390 (+15.6%)
$71,000 + $170,800
$241,800
2023
$3,797 (+3.3%)
$56,600 + $95,400
$152,000
2022
$3,674 (+94.0%)
$56,600 + $95,400
$152,000
2021
$1,894 (+11.7%)
$52,700 + $93,300
$146,000
2020
$1,696 (+5.1%)
2019
$1,614 (+22.9%)
2018
$1,313 (+13.6%)
2017
$1,156 (+34.2%)
$10,000 + $49,700
$59,700
2015
$861 (+11.8%)
$5,300 + $43,100
$48,400
2014
$770
Public record
Public record
Zoning
Permits
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,500 Sq. Ft.
Year renovated
1970
Finished Sq. Ft.
1,600
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,600
Year built
1925
Style
Multi-Family (2-4 Unit)
County
St. Lucie County
APN
2415-601-0409-000-2
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 2, 2026.
R-3
Single-Family Moderate Density Zone
The major purpose of this zoning district is to provide for residential areas with an average net density in conventional developments of approximately 6 units per acre. Innovative residential developments, however, may have higher net densities not exceeding 8 units per acre. Duplexes and certain nonresidential uses are allowed when appropriate conditions and safeguards indicated in this section are fulfilled. This classification can be effectively applied to areas serving as a transition between lower density single-family zones and residential districts with medium or high densities. Public water and sewer service should be available.
Permitted uses
Include but are not limited to:
Garden center
Housing-Group
Housing-Single unit
Communications tower
Park & open space
Jul 29, 1994 • Final
Miscellaneous plumbing
Work on water.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Fort Pierce, FL • 34950
Average low and high temperatures (°F)
71
54
75
58
79
63
81
69
86
74
88
76
90
76
91
77
87
76
82
73
79
64
76
61
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1107 Mayflower Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More