tomo logo

$940,000

Beds
2
Baths
2.0
sq ft
1,204

5799 NE Island Cove Way Unit 1406, Stuart, FL 34996

5799 NE Island Cove Way Unit 1406

Stuart, FL 34996

  • 2 days on market
This beautifully renovated 2-bedroom, 2-bathroom penthouse at Bayview at Hutchinson Island is the epitome of island living. Located on the 4th floor, this move-in-ready condo offers spectacular views of both the Atlantic Ocean and the Indian River Lagoon. Renovated in 2023, the home features a host of high-end upgrades, including:-Impact-resistant windows and doors-Designer kitchen with stainless steel Bosch appliances-Luxurious bathrooms-Custom laundry area-Decorative lighting and fans-Crown molding, solid core doors, and plantation shutters-Custom closets and luxury porcelain tile flooring throughoutBayview Amenities:- Exclusive clubhouse with a kitchen, TV room, library, and fitness center-Heated pool, hot tub, and outdoor shower

Details

Property type

Condominium

Est. home value

$610,512

Lot size

Unknown

Price per sq ft

$781

Year built

1997

Annual property taxes

$6,481

Monthly HOA fee

$800

Price History

01/10/2025
Beaches

Beaches #R11050977

Listed
$940,000
+139.19%
03/09/2020
Beaches

Beaches #R10597153

Sold
$393,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Golf, Gated, Tennis Court(s)

Number of units in community: 

128

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$580,966
Asking price
$940,000
Closing costs (~8% of asking)
-$75,200
Est. remaining loan balance
-$283,834
Cash to seller
$580,966

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Seacoast National Bank

Loan start date

February 2020

Original loan amount

$314,400

Est. remaining balance

$283,834

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Kevin D Mcveigh

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/12/2025 at 12:25 AM

Listing updated: 01/10/2025 at 8:25 PM

Listed by: Valeria Sousa, Real Estate Solutions Today Phone #: (772) 237-5595

MLS: Beaches #R11050977

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