Port st Lucie investment property

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  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
    3y
    Quote from @Kevin Nolan:

    Looking for info on best areas in port st Lucy for a STR investment property. Any and all info is appreciated!


    Hey Kevin!

    What is drawing you to PSL specifically? We are in Tampa, Naples/Ft Myers, and soon to be South Florida.  Would love to help!

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  • Josh Shaughnessy
    Member since 2021 · 88 posts · 86 votes
    3y

    Are you looking specifically at PSL or more broadly at St Lucie or Martin counties? Speaking from the county perspective, it'll also probably be dependent on budget as the numbers for rentals out on the island are going to be different than properties further west

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  • Josh Shaughnessy
    Member since 2021 · 88 posts · 86 votes
    3y

    @Derek Stalhut

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  • Kevin Nolan
    OP
    Member since 2018 · 15 posts · 4 votes
    3y

    @Andrew Steffens

    Actually just sold a property in Naples. Would love to buy there again but prices are too inflated. Seems the same most of the state eliminating most earning potential on short term rental property. PSL seems an affordable up and coming spot to possibly invest. 🤷🏼‍♂️

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  • Derek Stalhut
    Real Estate Broker · Vero Beach, FL · Member since 2018 · 79 posts · 36 votes
    3y
    Quote from @Kevin Nolan:

    Looking for info on best areas in port st Lucy for a STR investment property. Any and all info is appreciated!


     Hey Kevin, 

    It's important to note the city has special ordinances regarding STRs. You can apply for a license with the city https://www.cityofpsl.com/ Saint Lucie County is More Flexible. 

    Depending on who your ideal client is: (near i95 & the turnpike are great locations for commuters) (South Bend is the furthest south in Port St Lucie) (Tradition area is nice with a lot of amenities though you will likely have to pay an HOA) (St Lucie West also has many amenities and attractions) Note* Port St Lucie does not have a beach so if you are going to cater to the "Beach Rental Group" then you may want to consider Martin County (Jensen Beach or Stuart) Hope this is helpful!

    Feel Free to message me if you have any questions.

    Sincerely, Derek W Stalhut 

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  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
    3y
    Quote from @Kevin Nolan:

    @Andrew Steffens

    Actually just sold a property in Naples. Would love to buy there again but prices are too inflated. Seems the same most of the state eliminating most earning potential on short term rental property. PSL seems an affordable up and coming spot to possibly invest. 🤷🏼‍♂️


     I would just be concerned with demand.  Prices may be lower but if there is not a huge draw to the area income will suffer.  Ive never personally looked there but that is my top line thoughts. Have you looked on the west coast/tampa area?

    [email protected]813-563-0877
    Vacation Rentals of Florida53 Reviews
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