Multifamily Villa with Enclosed
For Sale
$265,000
1258 NW Sun Terrace Circle, Port St Lucie, FL 34986
Residential, Port St. Lucie, FL
Property Size1,152 SF
Lot Size0.05 Acres
Price / SF$230.03
Days on Market55
Property Features for 1258 NW Sun Terrace Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 1
Parking
2
Parking features
Assigned
Window features
Blinds, Skylight(s)
Patio and Porch features
Patio
Pets allowed
Number Limit, Yes
Interior features
Bedroom Layout - Split, Cathedral Ceiling(s), High Ceilings, Kitchen Island, Pantry, Storage, Vaulted Ceiling(s)
Exterior features
Barbecue
Appliances
Electric Water Heater, Range, Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer, Water Heater
Subdivision
LAKES AT ST LUCIE WEST PLAT NO 23
Elementary school
Windmill Point
Middle school
Manatee Academy K-8
High school
Fort Pierce Central
Directions
ST LUCIE WEST BLVD. TO BETHANY, LEFT TO LAKES AT ST LUCIE WEST, RIGHT TO SECOND BUILDING ON THE RIGHT. UNIT 20B
Standard status
Active
APN
332365900820003
Size
1,152 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKES AT ST LUCIE WEST PLAT-23- PATIO LOT 20B
Tax Annual Amount
4055
Expense value
150
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$445 Monthly
Legal Description
LAKES AT ST LUCIE WEST PLAT-23- PATIO LOT 20B
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Amenities
enclosed patio
open patio
recreational pool
tennis courts
Building Details
Year built
1992
Floors in Building
1
Flooring type
Tile, Wood
Building materials
Concrete, Stucco
Roof type
Tile, Concrete
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Bold Real Estate Group, Inc
Listed By:
Millie Gil · License #3020605
(772) 224-1634
Added: Jul 25
Changed: Sep 14
Last Checked: Sep 17 at 2:06AM
MLS# B26056604
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.
Investment Insights
Based on property information with market context.
This well-maintained two-bedroom, two-bath villa offers 1,152 square feet of low-maintenance living in a split-bedroom layout. The interior features wood and ceramic tile flooring, crown molding, high ceilings, and a kitchen with Corian countertops, stainless steel appliances, a breakfast bar, and an open view to the main living area. A separate storage room with a workbench adds extra space, and the home includes a washer and dryer. An enclosed patio with impact-glass sliders provides year-round comfort, with additional access to an open patio. Accordion hurricane shutters add storm protection.
The villa was built in 1992 and constructed with concrete and stucco. Central electric cooling and central electric heating are supported by an air-conditioning system and water heater replaced in 2022, and a washer replaced in 2024. A water conditioner, softener, and reverse-osmosis system are included, and utilities include cable available. The home has assigned parking, public water, and public sewer.
The HOA covers roof maintenance, exterior painting, lawn care, cable, internet, and access to community amenities, including a recreational pool and tennis courts. The property is located near shopping, restaurants, medical facilities, and I-95, with access to major roadways in St. Lucie West.
The villa was built in 1992 and constructed with concrete and stucco. Central electric cooling and central electric heating are supported by an air-conditioning system and water heater replaced in 2022, and a washer replaced in 2024. A water conditioner, softener, and reverse-osmosis system are included, and utilities include cable available. The home has assigned parking, public water, and public sewer.
The HOA covers roof maintenance, exterior painting, lawn care, cable, internet, and access to community amenities, including a recreational pool and tennis courts. The property is located near shopping, restaurants, medical facilities, and I-95, with access to major roadways in St. Lucie West.
Key Highlights
- 1,152 SF two‑bedroom, two‑bath villa on a 0.05‑acre lot
- Enclosed patio with impact‑glass sliders plus an open patio
- Accordion hurricane shutters for added storm protection
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,140
$314.1K
Cap Rate 7%
$224,386
$224.4K
Cap Rate 9%
$174,522
$174.5K
Market Conditions
NOI Build-Up for 1,152 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.0K $26.04/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$28.6K $24.79/SF
− OpEx
−$12.9K −$11.16/SF
NOI
$15.7K $13.63/SF
Area
St. Lucie County, FL
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,140
Cap Rate 7%
$224,386
Cap Rate 9%
$174,522
Alternative Uses
Best Use
Apartment 5plus
$224.4K
$196.3K – $261.8K
NOI $15,707 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.7K
$253.5K – $338.0K
NOI $20,280 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
Business Placement
Demographics for 34986, FL
30,027
Population
14,600
Households
2.1
Avg Household Size
56
Median Age
35%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,597
Density / Sq Mi
$85,842
Median Household Income
$44,182
Median Earnings
$1,600
Median Rent
$368,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Two-bedroom, two-bath villa with enclosed patio and impact-glass sliders in an HOA amenity community.
Where is this single family property located?
The property is located at 1258 NW Sun Terrace Circle Port St Lucie, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,152 SF two‑bedroom, two‑bath villa on a 0.05‑acre lot; Enclosed patio with impact‑glass sliders plus an open patio; Accordion hurricane shutters for added storm protection
