OFF MARKET

Off market jul 2024 for $532K

$579,170

Est. refi paymentEst. refi $4,009/mo

—

•

6 ba

•

2,664

sq ft

5199 SE Primrose Way, Stuart, FL 34997

About this home

Great opportunity to own this renovated Triplex in Stuart on an 11,251 sq ft lot. Stuart is named one of the best places to live in Florida. The location is close to Port Salerno, parks, dining, and 6 miles from downtown. Each unit is on a separate meter and has a washer and dryer hookup. Each unit is 2 bedrooms and 2 bathrooms with separate driveways. Unit one and unit two are occupied on a month-to-month basis, and unit three is currently occupied. The Triplex is located in a quiet neighborhood of Manatee Park.This renovated triplex offers steady rental income with three units. Each unit features two bedrooms, two bathrooms, separate driveways, and individual meters. The property includes washer and dryer hookups for each unit. Situated in a quiet neighborhood of Manatee Park. ### Rental Income Opportunity Listing #### Property Overview Great opportunity to own this renovated Triplex in Stuart on an 11,251 sq ft lot. Stuart is named one of the best places to live in Florida. The location is close to Port Salerno, parks, dining, and 6 miles from downtown. Each unit is on a separate meter and has a washer and dryer hookup. Each unit is 2 bedrooms and 2 bathrooms with separate driveways. Unit one and unit two are occupied on a month-to-month basis, and unit three is currently occupied. The Triplex is located in a quiet neighborhood of Manatee Park. #### Property Details This renovated triplex offers steady rental income with three units. Each unit features two bedrooms, two bathrooms, separate driveways, and individual meters. The property includes washer and dryer hookups for each unit. #### Location Highlights Situated in a quiet neighborhood of Manatee Park, this property is close to Port Salerno, parks, dining options, and only 6 miles from downtown Stuart, making it a prime location for tenants. Stuart has been named one of the best places to live in Florida, enhancing the investment's appeal. #### Investment Highlights With current tenants in all units, this triplex provides an immediate income opportunity. The property has been recently renovated, reducing the need for immediate maintenance and improving rental appeal. This triplex offers a fantastic investment opportunity with its prime location, individual unit features, and potential for rental income. Don't miss out on this chance to own a piece of one of Florida's best places to live!

Multi-familyProperty Type

1990Year Built

0.26 acresLot Size

$217Est. Price/Sq.Ft.

Listed by Fiona Barone • EXP Realty LLC

Bought with Ana Maria Oramas • Keller Williams Dedicated Professionals

Redfin checked: 3 minutes ago

•Source:Beaches MLS #R10996698

Redfin Estimate

$579,170

$47K since sold in July 2024$34K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 13.2% higher than the average sale price ($512K) of 6 comparable homes.

SOLD SEP 10, 2026
$135,000
A
Land— sq ft
4972 SE Primrose Way, Stuart, FL 34997
SOLD AUG 31, 2026
$515,000
B
3 beds2 baths2,058 sq ft
5673 SE Inez Ave, Stuart, FL 34997
SOLD SEP 2, 2026
$485,000
C
3 beds4 baths2,609 sq ft
6539 SE Held Ct, Stuart, FL 34997
SOLD JUN 1, 2026
$550,000
D
3 beds2.5 baths2,786 sq ft
6133 SE Oakmont Pl, Stuart, FL 34997
SOLD JUL 10, 2026
$664,000
E
3 beds2 baths1,796 sq ft
5040 SE Bent Wood Dr, Stuart, FL 34997
SOLD APR 27, 2026
$720,000
F
2 beds2.5 baths2,225 sq ft
5382 SE Meredith Ter, Stuart, FL 34997

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Earn from this home

Sell

$134,841

Est. take-home

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Refinance

Est. cash available

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Market trends in 34997, FL

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.4%

0.3% MoM

Median sale price

$475K

$1K MoM

Avg. days on market

75d

0 days MoM

Recently sold homes

251

22 MoM

New listings for sale

NEW 2 HRS AGO
$899,000
3 beds2.5 baths2,306 sq ft
4734 SW Briarwood Ct, Stuart, FL 34997
NEW 5 HRS AGO
$79,000
2 beds2 baths1,250 sq ft
4760 SE Bywood Ter, Stuart, FL 34997
NEW 5 HRS AGO
$128,000
2 beds2 baths1,152 sq ft
4800 SE Federal Hwy, Stuart, FL 34994
NEW 9 HRS AGO
$577,500
6 beds4 baths2,218 sq ft
2593 SE Indian St, Stuart, FL 34997
NEW 24 HRS AGO
$309,900
2 beds2.5 baths1,627 sq ft
3139 SW Otter Ln, Stuart, FL 34997
NEW 27 HRS AGO
$525,000
— beds— baths1,800 sq ft
2987-2997 SE Golden Gate Ave, Stuart, FL 34997
COMING SOON
$579,000
4 beds2 baths1,850 sq ft
9765 SW Meridian Way, Stuart, FL 34997
NEW 1 DAY AGO
$265,000
3 beds2 baths1,672 sq ft
2460 SW Versailles Ter, Stuart, FL 34997
3D WALKTHROUGH
$299,000
3 beds2.5 baths1,460 sq ft
5313 SE Jennings Ln, Stuart, FL 34997
OPEN SAT, 11:30AM TO 1:30PM
$899,999
4 beds2.5 baths2,918 sq ft
4764 SW Briarwood Ct, Stuart, FL 34997
See all

Provided by Redfin

Sale history for 5199 SE Primrose Way

Date

Event

Price

Beaches MLS #R10996698

Jul 30, 2024

Sold

$532,000

$200/sq ft

Jul 15, 2024

Pending

—

Jun 24, 2024

Contingent

—

Jun 17, 2024

Listed

$649,900

$244/sq ft

Public Records

Dec 20, 2019

Sold

$368,600

$138/sq ft

MCRTC #M330142

Jun 26, 2016

Listing Removed

—

Aug 24, 2007

Listed

$309,900

$116/sq ft

Public Records

May 14, 2015

Sold

$185,000

$69/sq ft

Beaches MLS #R2884909

Sep 21, 2013

Listing Removed

—

Jan 7, 2008

Listed

$309,900

$116/sq ft

Beaches MLS #R3093627

Jan 6, 2011

Listing Removed

—

Mar 11, 2010

Listed

$99,900

$38/sq ft

Beaches MLS #R2410964

Mar 26, 2004

Sold

$253,900

$95/sq ft

Feb 23, 2004

Listing Removed

—

Feb 11, 2004

Listed

$259,900

$98/sq ft

MCRTC #M211603

Feb 11, 2004

Listed

$259,900

$98/sq ft

Public Records

Nov 13, 1996

Sold

$102,000

$38/sq ft

Public Records

Oct 7, 1994

Sold

$102,000

$38/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$9,258 (−0.5%)

$107,530 + $391,430

$498,960

2024

$9,302 (+8.8%)

$107,530 + $391,430

$498,960

2023

$8,552 (+9.7%)

2022

$7,797 (+9.1%)

2021

$7,149 (+5.4%)

$92,860 + $252,740

$345,600

2020

$6,786 (+28.6%)

$87,980 + $246,820

$334,800

2019

$5,277 (+14.2%)

2018

$4,619 (+10.6%)

2017

$4,175 (+9.8%)

$48,880 + $153,620

$202,500

2016

$3,803 (+14.0%)

$41,060 + $129,040

$170,100

2015

$3,337 (+11.6%)

2014

$2,991

Tax history for 5199 SE Primrose Way

Year

Property tax

Land + Additions

Assessment*

2025

$9,258 (−0.5%)

$107,530 + $391,430

$498,960

2024

$9,302 (+8.8%)

$107,530 + $391,430

$498,960

2023

$8,552 (+9.7%)

2022

$7,797 (+9.1%)

2021

$7,149 (+5.4%)

$92,860 + $252,740

$345,600

2020

$6,786 (+28.6%)

$87,980 + $246,820

$334,800

2019

$5,277 (+14.2%)

2018

$4,619 (+10.6%)

2017

$4,175 (+9.8%)

$48,880 + $153,620

$202,500

2016

$3,803 (+14.0%)

$41,060 + $129,040

$170,100

2015

$3,337 (+11.6%)

2014

$2,991

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.26 Acres

Year renovated

1990

Sq. Ft.

2,664

Year built

1990

Style

Multi-Family (2-4 Unit)

County

Martin County

APN

30-38-42-002-009-00180-0

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 15, 2026.

Property details

Interior

Virtual Tour Information

Bathroom Information
Bathrooms Total Integer: 6

Interior Features
Flooring: Linoleum, Tile, Vinyl

Multi-Family Financial Information
# of Units Total: 3
Gross Income: $55,800
Net Operating Income: $45,522
Tenant Pays: Cable TV, Electricity, Water
Number Of Units In Community: 3

Exterior

Building Information
Building Area Total: 2,664
Building Area Source: Public Records
Construction Materials: Frame, Pre-Fab Construction

Exterior Features
Roof: Other

Property Information
Property Sub Type: Triplex
Property Condition: Resale
Living Area: 2,664

Lot Information
Waterfront YN: No
Waterfront Features: None

Financial

Tax Information
Tax Annual Amount: $8,552.42
Tax Year: 2023
Parcel Number: 303842002009001800

Utilities

Utility Information
Water Source: Public
Electric: Three Phase
Sewer: Public Sewer
Utilities: Cable Available, Sewer Available, Water Available

Heating & Cooling
Has Heating
Heating: Central
Has Cooling
Cooling: Central Air

Location

HOA Information
Has Association
Association Amenities: None
Association & Fees: HOA Amt (Monthly): 30

Location Information
Directions: SE Cove Road to SE Railway Ave to 5199 SE Primrose on Left

Public facts

Beds: 2
Baths: 3.0
Sq. Ft.: 2,664
Stories: 1.0
Lot Size: 0.26 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1990
Year Renovated: 1990
County: Martin County
APN: 30-38-42-002-009-00180-0

Home facts updated by county records on Jul 15, 2026

Around this home

Schools

Sea Wind Elementary School

Public PreK-5 • Assigned • 2.9mi

4/10

Murray Middle School

Public 6-8 • Assigned • 0.7mi

4/10

South Fork High School

Public 9-12 • Assigned • 5.9mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

2/10 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, 25 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

Stuart, FL • 34997

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

9 hrs

6.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$551,000 – $667,000

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New listings for sale in 34997

NEW 2 HRS AGO

$899,000

3 beds2.5 baths2,306 sq ft

4734 SW Briarwood Ct, Stuart, FL 34997

NEW 5 HRS AGO

$79,000

2 beds2 baths1,250 sq ft

4760 SE Bywood Ter, Stuart, FL 34997

NEW 5 HRS AGO

$128,000

2 beds2 baths1,152 sq ft

4800 SE Federal Hwy, Stuart, FL 34994

NEW 9 HRS AGO

$577,500

6 beds4 baths2,218 sq ft

2593 SE Indian St, Stuart, FL 34997

NEW 24 HRS AGO

$309,900

2 beds2.5 baths1,627 sq ft

3139 SW Otter Ln, Stuart, FL 34997

NEW 27 HRS AGO

$525,000

— beds— baths1,800 sq ft

2987-2997 SE Golden Gate Ave, Stuart, FL 34997

COMING SOON

$579,000

4 beds2 baths1,850 sq ft

9765 SW Meridian Way, Stuart, FL 34997

NEW 1 DAY AGO

$265,000

3 beds2 baths1,672 sq ft

2460 SW Versailles Ter, Stuart, FL 34997

3D WALKTHROUGH

$299,000

3 beds2.5 baths1,460 sq ft

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Home values near 5199 SE Primrose Way

Data from public records.

Address	Redfin Estimate
5212 Southeast Primrose Way, Stuart, FL 3 Beds \| 2 Baths \| 1448 Sq. Ft.	$373,392
5200 Southeast Primrose Way, Stuart, FL 3 Beds \| 2 Baths \| 1448 Sq. Ft.	$402,014

Address	Redfin Estimate
5224 Southeast Primrose Way, Stuart, FL 2 Beds \| 2 Baths \| 1045 Sq. Ft.	$350,766
5175 Southeast Primrose Way, Stuart, FL - Beds \| 2 Baths \| 1566 Sq. Ft.	—

Address	Redfin Estimate
5187 Southeast Primrose Way, Stuart, FL - Beds \| 2 Baths \| 1566 Sq. Ft.	—
5157 Southeast Primrose Way, Stuart, FL 2 Beds \| 2 Baths \| 1566 Sq. Ft.	$449,762

Property information provided by Beaches MLS when last listed in 2024. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 34997, FL

Sale history for 5199 SE Primrose Way

Tax history for 5199 SE Primrose Way

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 34997

Home values near 5199 SE Primrose Way

More real estate resources