Property Description
Key West Style CBS Home with Income-Producing Apartment in Walkable Riverside Park Welcome to a rare Key West style retreat offering unmatched flexibility, modern updates, and an income-producing bonus--all in one of Stuart's most walkable neighborhoods. This solid concrete block 3 bedroom 2 and a half bath home with a detached garage and apartment is built for peace of mind, featuring full impact windows and metal roofs on both structures. Set in the charming Riverside Park community, right next to prestigious North River Shores and just minutes from Downtown Stuart, the home provides the perfect blend of quiet residential living and vibrant city convenience.
With no HOA, you have the freedom to personalize, enhance, or expand the property to match your vision. Inside, the main home impresses with a bright and airy atmosphere, 10' ceilings on the lower level, and brand-new solid wood flooring throughout. The gourmet kitchen serves as the home's centerpiece, complete with an oversized island ideal for gatherings and everyday living. Fresh interior paint, updated finishes, and inviting natural light create a move-in-ready experience. Upstairs, the generous primary suite offers a private balcony; a peaceful spot for morning coffee or evening sunsets.
A major advantage is the detached 2-car garage with a fully equipped efficiency apartment above, currently tenant-occupied. With its own kitchen, full bath, and washer/dryer, it's a perfect setup for steady income, visiting guests, or a private studio/office.
This desirable location is truly walkable, placing you steps away from local cafes, restaurants, specialty shops, and a waterfront park across the street with direct access to kayaking, paddleboarding, and a small dog park along the St. Lucie River.
Exciting neighborhood improvements are underway including new sidewalks, on-street parking, improved crosswalks, upgraded street lighting, fresh landscaping, and resurfaced streetsadding long-term value, improved curb appeal, and exceptional walkability to the area.
Unique Offering:
The current owners may consider selling the adjacent home as well, giving buyers the opportunity to acquire two neighboring properties. Together, the combined parcels offer options rarely found in Stuartspace for an expanded yard, pool, additional outdoor living areas, or a multigenerational compound with multiple revenue-producing units.
Experience the best of Riverside Park living with income potential, modern upgrades, and room to grow, all in one of Stuart's most desirable and up-and-coming neighborhoods.
With no HOA, you have the freedom to personalize, enhance, or expand the property to match your vision. Inside, the main home impresses with a bright and airy atmosphere, 10' ceilings on the lower level, and brand-new solid wood flooring throughout. The gourmet kitchen serves as the home's centerpiece, complete with an oversized island ideal for gatherings and everyday living. Fresh interior paint, updated finishes, and inviting natural light create a move-in-ready experience. Upstairs, the generous primary suite offers a private balcony; a peaceful spot for morning coffee or evening sunsets.
A major advantage is the detached 2-car garage with a fully equipped efficiency apartment above, currently tenant-occupied. With its own kitchen, full bath, and washer/dryer, it's a perfect setup for steady income, visiting guests, or a private studio/office.
This desirable location is truly walkable, placing you steps away from local cafes, restaurants, specialty shops, and a waterfront park across the street with direct access to kayaking, paddleboarding, and a small dog park along the St. Lucie River.
Exciting neighborhood improvements are underway including new sidewalks, on-street parking, improved crosswalks, upgraded street lighting, fresh landscaping, and resurfaced streetsadding long-term value, improved curb appeal, and exceptional walkability to the area.
Unique Offering:
The current owners may consider selling the adjacent home as well, giving buyers the opportunity to acquire two neighboring properties. Together, the combined parcels offer options rarely found in Stuartspace for an expanded yard, pool, additional outdoor living areas, or a multigenerational compound with multiple revenue-producing units.
Experience the best of Riverside Park living with income potential, modern upgrades, and room to grow, all in one of Stuart's most desirable and up-and-coming neighborhoods.
Overview
Property Type
Multi-family
Location
516 NW North River Drive, Stuart, FL 34994
Zoning
RES
MLS ID
R11160869
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
0
Total Baths
4
Flooring
Ceramic Tile, Wood
Exterior
Stories
2
Water Source
Public
Utilites
Cable Available, Sewer Available, Water Available
Roof
Aluminum, Metal
Lot Features
1/4 Acre
Heat Type
Central
Air Conditioning
Central Air, Ceiling Fan(s)
Sewer
Public Sewer
Amenities
Playground, Park, Trail(s)
Other Exterior Features
Balcony, Outdoor Living Area
Details
Total Area
3,472 Sq.Ft.
Water Frontage
None
Financial
Price
$950,000
Real Estate Tax
$10,063/yr
Exclusive Listing Agents