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    1002 Shorewinds Drive Hutchinson Island, FL 34949

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    Claim this Listing
    For Sale
    $1,075,000

    MULTI_FAMILY - Hutchinson Island, FL

    Property size:
    2,958 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $363/SF
    Added:
    Feb 9, 2026
    Days on Market:
    82
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 1002 Shorewinds Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    HutchI
    Bedrooms
    5
    Bathrooms
    7
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 7, Bedroom 1
    Patio and Porch features
    Patio
    Standard status
    Active
    APN
    142570100060002
    Size
    2,958 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CORAL COVE BEACH-SECTION ONE- (UNITS 1002-A, B AND C) BLK 1 WLY 15.7 FT OF LOT 4 AND LOT 5- LESS WLY 19.30 FT- AND SLY
    Tax Annual Amount
    11082

    Utilities

    Utilities
    Water Available
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Carpet, Tile - Ceramic
    Building materials
    CBS, Fiber Cement
    Roof type
    Metal

    We can help!

    Listing Contact
    Kim Cuomo
    Kim Cuomo

    Listing agent Kim Cuomo License #0662253

    Listing office Keller Williams Realty Jupiter 4455 Military Trail, No. 100, Jupiter, FL

    Listing date Feb 9, 2026

    MLS# R11161945 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hutchinson Island Triplex Near Beach

    Located on North Hutchinson Island, this triplex offers proximity to the beach in a non-HOA community. The location presents possibilities for annual or vacation rentals. Situated across the street from a state park, it also provides convenient access to boat and kayak launching facilities. The area is undergoing significant development, including a bridge expansion, with a surf park planned 500 meters away, as well as downtown Fort Pierce redevelopment. The property comprises one 2-bedroom, 1.5-bath unit, one 2-bedroom, 2.5-bath unit, and one 1-bedroom, 1.5-bath unit. Exterior building work and painting have been completed, and some interior upgrades have been made, with one unit fully renovated. All units feature new AC systems. Unit C has a nice-sized yard, and Units A and C can be fenced to create private yard and patio areas for all three units. The property is equipped with full impact windows, doors, and shutters. Each unit includes two parking spaces. The property size is 2958 square feet and the lot size is 0.24 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Hair Salon Accounting Firm Big Box & Wholesale Store Bar & Pub Hotel & Motel Electrical Service Bakery Wine and Liquor Store Shopping Center & Mall

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson Island
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.301164
    Latitude
    27.485616

    FAQs

    What type of property is this?
    Triplex - Triplex near the beach with rental income potential.
    Where is this triplex located?
    The property is located at 1002 Shorewinds Drive Hutchinson Island, FL.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: Walk to Beach Triplex in Non‑HOA Community: Enjoy easy beach access on North Hutchinson Island without HOA restrictions.; Income Potential: Ideal for annual or vacation rentals.; Impact Windows/Doors & Shutters: Full protection.
    (561) 339-3002
    We can help!
    Listing Contact
    Kim Cuomo
    Kim Cuomo
    Real Estate License ID: 0662253
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1002 Shorewinds Drive, Hutchinson Island, FL 34949

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