Port St. Lucie Property Market
Buying Real Estate in Florida
New York Mets Spring Training
- Population: 155,000
- Condo: $70,000 – $330,000
- Family home: $100,000 – $1.9m Waterfront: $170,000 – $1.9m
- Investment Potential rating: ****
- Nearest international Airport: Palm beach international Airport – 53 miles
Lying on Florida’s Treasure Coast and within an hour’s drive of Palm Beach, Port St. Lucie is a less developed, and more traditional Florida City. Prices here are lower than in wealthier parts of the region, and the city is growing and thriving, making it a good choice for those willing to go the extra mile to get good value and lifestyle. The surrounding countryside is lovely with environmental preserves to hike, rivers to kayak, and horse riding on nearby beaches.
Port St Lucie Property Market Summary
Prices are a big incentive in Port St. Lucie. Investors can buy a condo for $65,000 -$70,000 and rent it out long-term for $850/month. This is a good return, and it is difficult to find this purchase price with a 6-7 percent return in other Florida cities.
Port St. Lucie is lesser known than other cities on this coast, but those looking for a great long term investment would be wise to consider it. This community is not the right one if you’re looking for a holiday home or a place you can rent out as a short vacation rental investment.
What Can I Buy in Port St Lucie?
It’s possible to get a three bedroom condo here for around $80,000 and a decent water view condo for around $160,000. The entry point for single family homes can be as low as $100,000. Spacious waterfront homes with private dock are available from around the $650,000 mark. At the top end of the market in the $1.2m to $1.9m range there are some wonderful homes which offer incredible lifestyle, at a price point lower than in towns such as Ft Lauderdale, Orlando, or West Palm Beach.