Private Resort Retreat
For Sale
$172,000
21 Northwest Boundary Drive, Port St Lucie, FL 34986
Landscaped private retreat with rear tiki hut featuring a custom kitchen and a second tiki for outdoor dining.
Property Size2,515 SF
Price / SF$68.39
Days on Market474
Property Features for 21 Northwest Boundary Drive
General Information
Standard status
Active
Size
2,515 SF
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$3,793
Listing Agency:
Florida Living Realty
Listed By:
Doreen Judge · License #3060462
(904) 910-5594
Source:
Compass
Added: Jul 8, 2025
Changed: Oct 16
Last Checked: Oct 23 at 10:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Living Realty
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Investment Insights
Based on property information with market context.
Offered for sale at 21 NW Boundary Dr, this landscaped private resort retreat is designed around outdoor living and privacy. At the rear of the property, a spacious tiki hut includes a custom-built kitchen with granite countertops, creating a dedicated entertaining area. A second tiki is also on-site, suited for al fresco dining.
The property is described as move-in ready, with comfortable furnishings and storage units included in the price, supporting immediate setup and use. The surrounding grounds are characterized by lush tropical landscaping intended to support a secluded, serene setting for day-to-day enjoyment.
Overall, the configuration centers on two outdoor tiki structures and an entertaining-oriented outdoor kitchen area, all within a landscaped, private grounds setting.
The property is described as move-in ready, with comfortable furnishings and storage units included in the price, supporting immediate setup and use. The surrounding grounds are characterized by lush tropical landscaping intended to support a secluded, serene setting for day-to-day enjoyment.
Overall, the configuration centers on two outdoor tiki structures and an entertaining-oriented outdoor kitchen area, all within a landscaped, private grounds setting.
Key Highlights
- Landscaped private retreat designed for privacy and comfort
- Rear tiki hut with custom‑built kitchen featuring granite countertops
- Second tiki setup for al fresco dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,877
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,540
$277.5K
Cap Rate 7%
$198,243
$198.2K
Cap Rate 9%
$154,189
$154.2K
Market Conditions
NOI Build-Up for 2,515 SF
Gross rent
$33.2K $13.20/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$29.2K $11.62/SF
− OpEx
−$15.3K −$6.10/SF
NOI
$13.9K $5.52/SF
Area
St. Lucie County, FL
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,540
Cap Rate 7%
$198,243
Cap Rate 9%
$154,189
Alternative Uses
Best Use
Hotel Hospitality
$198.2K
$173.5K – $231.3K
NOI $13,877 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.5K
$553.4K – $737.9K
NOI $44,274 @ 7.0% cap · market cap 25.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
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
Frequently Asked Questions
What type of property is this?
Resort - Landscaped private retreat with rear tiki hut featuring a custom kitchen and a second tiki for outdoor dining.
Where is this resort located?
The property is located at 21 Northwest Boundary Drive Port St Lucie, FL.
What is the asking price?
The asking price for this property is $172,000.
What are key features of this property?
This property features: Landscaped private retreat designed for privacy and comfort; Rear tiki hut with custom‑built kitchen featuring granite countertops; Second tiki setup for al fresco dining
