Villa with Screened
6222 SE Monticello Terrace, Hobe Sound, FL 33455
For Sale
$310,000
The split-bedroom layout pairs an open kitchen with updated flooring and a renovated primary-bath shower.
Property Size1,128 SF
Price / SF$274.82
Days on Market8
Property Features for 6222 SE Monticello Terrace
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
pool
spa
tennis & pickleball
golf club
screened patio
luxury vinyl plank flooring
redesigned kitchen
updated shower
accordion shutters
outdoor storage closet
Building Details
Building Size
Year Built
Construction
Listing Agency:
Keller Williams Realty
Listed By:
Dawn Coviello · License FL #3312589
(772) 530-8287
Source:
Pposf
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 1:14PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,128-square-foot concrete-block villa in Heritage Ridge has two bedrooms, two bathrooms, and a split floor plan. Luxury vinyl plank flooring runs through the living area and bedrooms, while a redesigned kitchen opens to the main living space. Sliding glass doors connect the interior to a screened patio facing greenery; an outdoor storage closet adds utility. The primary bathroom has an updated shower, and accordion shutters protect the sliders. The roof was replaced in 2023, and the A/C was replaced in 2025.
Community amenities include a clubhouse, pool, spa, tennis and pickleball courts. Heritage Ridge Golf Club, a public course with a restaurant and optional golf membership, is also part of the community. The villa is in Hobe Sound, near local beaches, Jonathan Dickinson State Park, and I-95.
Community amenities include a clubhouse, pool, spa, tennis and pickleball courts. Heritage Ridge Golf Club, a public course with a restaurant and optional golf membership, is also part of the community. The villa is in Hobe Sound, near local beaches, Jonathan Dickinson State Park, and I-95.
Key Highlights
- 1,128‑square‑foot villa with 2 bedrooms and 2 bathrooms
- Screened patio, sliding glass doors, and an exterior storage closet
- Roof replaced in 2023; A/C replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,768
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,360
$275.4K
Cap Rate 7%
$196,686
$196.7K
Cap Rate 9%
$152,978
$153.0K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$26.8K $23.76/SF
− Vacancy
−$1.8K −$1.57/SF
EGI
$25.0K $22.19/SF
− OpEx
−$11.3K −$9.99/SF
NOI
$13.8K $12.21/SF
Area
Martin County, FL
Vacancy
6.60%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,360
Cap Rate 7%
$196,686
Cap Rate 9%
$152,978
Alternative Uses
Best Use
Apartment 5plus
$196.7K
$172.1K – $229.5K
NOI $13,768 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.1K
$283.6K – $378.1K
NOI $22,686 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 33455, FL
20,799
Population
11,681
Households
1.8
Avg Household Size
60
Median Age
36%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
367
Density / Sq Mi
$74,149
Median Household Income
$35,161
Median Earnings
$1,193
Median Rent
$395,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Martin County, FL
Properties on Market for Residential income properties in Martin County
Frequently Asked Questions
What type of property is this?
Residential income property - The split-bedroom layout pairs an open kitchen with updated flooring and a renovated primary-bath shower.
Where is this residential income property located?
The property is located at 6222 SE Monticello Terrace Hobe Sound, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,128‑square‑foot villa with 2 bedrooms and 2 bathrooms; Screened patio, sliding glass doors, and an exterior storage closet; Roof replaced in 2023; A/C replaced in 2025
