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2624 SW Conch Cove Lane, Palm City, FL 34990 (MLS# R10730754)

2624 SW Conch Cove Lane, Palm City, FL 34990

$445,000

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https://www.propertypanorama.com/2624-SW-Conch-Cove-Lane-Palm-City-FL-34990/unbranded

Property Type: Residential Income Square Footage: 1,849 Status: Closed

Current Price: $445,000 List Date: 1/08/2022 Last Modified: 5/17/2026

Overview

Description

Rare find of this Classic old Florida charm 4-plex located in Palm City across the street from the St. Lucie River and boat ramp with large yard for plenty of parking. Long term tenants in place on the first floor. Value Add opportunity, rents are well below market which gives investor the ability to increase rents. All four units have separate entrances and are separately metered.

Listing Details MLS# R10730754

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 1849
Building Area Source: Owner
Living Area Main: 1640
Year Built: 1935
Gated Community YN: No
Lot Size Area: 6011
Lot Size Acres: 0.14
Lot Size Dimensions: 50 x 120
Senior Community YN: No
Stories: 2
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: Accounting Statements; Copy Of Lease(s) Electric: Three Phase Exterior Features: Awning(s) Flooring: Tile; Vinyl; Wood Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: Fiber Cement; Frame; Mixed Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Electric; Window/Wall Listing Terms: Cash; Conventional Lot Features: Corner Lot Other Structures: Shed(s) Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: West of US-1; Public Road Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Window Features: Single Hung Metal Showing Requirements: Appointment Only; Call Listing Agent Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen Unit 3 Appliances: Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking Unit 4 Rooms: Kitchen Contingencies: Inspection Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 480000

Location and Legal

County Or Parish: Martin
County Parish Name: Martin
Street Number: 2624
Street Direction Prefix: SW
Street Name: Conch Cove
Street Suffix: Lane
City Name: Palm City
State Or Province: FL
Postal Code: 34990
Postal Zip: 34990
Subdivision Name: CLEVELAND ADDITION TO PALM CITY PLAT OF
Area: 6090 - Palm City
Geographic Area: MRTC - Martin County
Elementary School: Bessey Creek
Middle Or Junior School: Hidden Oaks
High School: Martin County
Special Assessment YN: No
Parcel Number: 173841010001000512
Zoning: Palm City Redev
Directions: From Turnpike to SR 714, go east 3.4 miles towards Stuart on SR 714/SW Martin downs, take left or north on Conch Cove Lane.

Financial Information

Tax Annual Amount: 6079.6
Tax Year: 2020
Tax Legal Description: CLEVELAND ADDN, E 10' OF LOT 5 & ALL LOT 36, BLK A

Status Change Information

Major Change Timestamp: 2022-02-10T16:30:04Z
Major Change Type: Status Change
Price Change Timestamp: 2021-08-20T15:17:50Z
Status Change Date: 2022-02-10
Under Contract Date: 2022-01-06
Close Date: 2022-02-07
Close Price: 445000
Buyer Financing: Cash

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Income: 50880
Annual Total Expense: 0

Storm Protection

Impact Glass: Partial

Unit 1 Details

Actual Rent: 1400
Baths Full: Yes
Furnished: Unfurnished
SqFt: 560

Unit 2 Details

Actual Rent: 1000
Baths Full: Yes
Furnished: Unfurnished
SqFt: 560

Unit 3 Details

Actual Rent: 845
Efficiency YN: Yes
SqFt: 260

Unit 4 Details

Actual Rent: 995
Efficiency YN: Yes
SqFt: 260

Price Calculations

Current Price To SqFt: 271.34
Original List Price To Close Price: 1.07

Originating Details

Originating System Key: 20210712132312375306000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

None: Yes

Electric

Three Phase: Yes

Exterior Features

Awning(s): Yes

Flooring

Tile: Yes
Vinyl: Yes
Wood: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Accounting Statements: Yes
Copy Of Lease(s): Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Other Structures

Shed(s): Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

Heating

Electric: Yes
Window/Wall: Yes

Water Access

None: Yes

Window Features

Single Hung Metal: Yes

Construction Materials

Fiber Cement: Yes
Frame: Yes
Mixed: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Road Frontage Type

West of US-1: Yes
Public Road: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Contingencies

Inspection: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Patio/Porch

Screened Porch: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 2 Patio/Porch

Screened Porch: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Open Parking: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Lighthouse Realty Services Inc

Last Updated: May - 17 - 2026

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2624 SW Conch Cove Lane, Palm City, FL 34990 (MLS# R10730754)