355 S Ocean Drive 602, Hutchinson Island, FL 34949 — MLS photo

Active · Condominium

$399,000

355 S Ocean Drive 602, Hutchinson Island, FL 34949

Beds: 2
Baths: 2
Living area: 1,257 sq ft
$ / sq ft: $317/sq ft
Year built: 1982
Lot size: —
HOA fee: $1,259 Monthly
Annual tax: $7,378

About this property

DIRECT OCEAN VIEWS! Stunning turquoise ocean views from this 6th floor 2-bedroom 2-bath furnished condo at Avalon Beach Club on beautiful South Hutchinson Island! Tropical vibes await you the minute you step into this condo! Tastefully furnished & decorated! Steps to the ocean & 3 blocks to the hub of island activity with the jetty park at the inlet & great restaurants, good food & entertainment! Enjoy the ultimate Florida lifestyle at this beautiful island location with 21 miles of uncrowded & unspoiled beaches and some of the best fishing on the east coast! Short drive to downtown waterfront with city marina, boutique shoppes, restaurants, farmer's market, Sunrise Theatre, festivals & much more. A must see! Measurements approximate.

Property location

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355 S Ocean Drive 602, Hutchinson Island, FL 34949

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 1,257 sq ft
Flooring: Tile
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Living Dining Room, Shower Only, Walk In Closets
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 1982
Stories: 8
Lot size: 0 sq ft
Architectural style: Two Story
Roof: Other
Construction: CBSConcrete Block Structure, Block
Exterior features: Shutters Electric, Storm Security Shutters
Pool: None, Association, Community
Spa: Heated, Community
View: Ocean, Water

Parking

Covered spaces: 0
Parking features: Guest, Open

HOA, Community & Financials

Association fee: $1,259 Monthly
Fee inclusions: Common Area Maintenance, Cable Tv, Pools, Sewer, Trash, Water
Amenities: Elevators, Pool, Spa Hot Tub
Security: Fire Alarm, Intercom, Phone Entry, Fire Sprinkler System, Smoke Detectors
Pets allowed: No
Annual tax: $7,378
Subdivision: AVALON BEACH CLUB, A CONDO
County: St Lucie
Days on market: 189
MLS listing ID: B26016565
Listing status: Active

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Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

-$974

Cap rate: 2.8%
Net yield: 2.8%
Cash-on-cash return: -10.5%
Gross yield: 10.1%
Mortgage payment: $1,891/mo
Down payment: $99,750
Loan amount: $299,250
Annual NOI: $11,009

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.