Score
0Port Saint Lucie, FL
8692 SW FELICITA WAY
1.1M
3 beds
4 baths
2,600 sqft
3 bd • 4 ba • 2,600 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,050,000
Price/Sq.Ft
$404
Year Built
2023
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• New construction: The property was built in 2023, meaning it has modern construction, updated systems, and is likely to require minimal maintenance in the near future, which is attractive to buyers seeking a move-in ready home. The appliances are also newer and under warranty.
• Spacious layout: With 2,600 square feet, 3 bedrooms, a den (which can be used as an office), and 4 bathrooms, the property offers ample space for a family. The 2 master suites are also a desirable feature.
• Desirable features: The property boasts a private pool, spa, and a spacious, bright layout with plenty of natural light. It also features a kitchen island, pantry, and walk-in closets, adding to its appeal. The property also has 2 master suites, a desirable feature for many buyers.
• Resort-style community: Located in the PGA Verano community, the property offers access to amenities like a clubhouse, community pool, activity room, child play area, and tennis courts, providing a resort-like living experience.
• Modern appliances: The property includes modern kitchen appliances such as a dishwasher, disposal, electric range, ice maker, microwave, refrigerator, self-cleaning oven, trash compactor, and wall oven, as well as a washer and dryer, which is a plus for buyers.
The Bad
• High price per square foot: At $403.85 per square foot, this property is priced above the average for the Port St. Lucie area, which could make it less competitive in the current market. This price point may be difficult to justify for some buyers.
• Recent price fluctuations: The property has seen a 16.7% price decrease ($1,199,000 to $999,000) in the past year, followed by a price increase (from $999,000 to $1,050,000). These price changes, along with the multiple rental listings and removals, suggest that the seller may be having difficulty finding a buyer at the current price. This could indicate a potential overpricing issue.
• School ratings: The nearby public schools have middling ratings (5/10). This may be a concern for families with school-aged children who are seeking higher quality public education options. It is worth noting that there are 3 schools with the same rating, indicating an area-wide trend.
• Days on market: Although at 19 days the property is not on the market for a long time, it was listed for rent multiple times in the previous months, indicating a potential issue with the asking price and/or the property's attractiveness to potential buyers.
The Ugly
• Extreme wind risk and major fire risk: The property has an extreme wind risk (10/10) and major fire risk (5/10), which will lead to significantly higher insurance premiums. The high wind risk means potential damage to the property in a storm.
• High heat risk: The extreme heat risk (9/10) with 6 hot days per year and a 98th percentile temperature of 107°F indicates a high utility cost for cooling and a potential for discomfort during the summer. These factors may also impact the long term value of the property.
• Flood risk: While the flood risk is moderate (4/10), it is still something to consider. The FEMA zone is X_UNSHADED which means that although not in a high risk flood zone, it is still recommended to have flood insurance.
• High overall cost of ownership: In addition to the high purchase price, insurance and potential HOA fees will contribute to a substantial monthly cost of ownership. The property is also likely to have higher utility costs due to the heat, which increases the overall expense.
• Potential for hidden costs: New construction homes can sometimes have unexpected costs related to landscaping, window treatments, and other finishing touches that are not included in the original purchase price.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Families seeking a new, move-in ready home in a resort-style community: The property is a new construction (2023) with modern amenities and access to community features like a pool, clubhouse, and tennis courts, making it ideal for families looking for a comfortable and active lifestyle.
• Buyers prioritizing low-maintenance living: As a new construction, the property should require minimal immediate maintenance and offers modern appliances, reducing the likelihood of early repairs. The community amenities also mean less individual property upkeep.
• Individuals or couples who value spacious, bright living spaces: The property features a bright and spacious layout with plenty of natural light and a private pool, catering to those who enjoy open, airy environments and outdoor relaxation.
• Buyers who appreciate a modern, open kitchen: The property includes desirable kitchen features like an island, pantry, and modern appliances, fitting the preferences of those who enjoy cooking and entertaining.
• Buyers with a budget for a luxury home in a planned community: While the price point is high, those seeking high-end amenities and a resort-style environment may find the cost justified.
Not For
• Budget-conscious buyers seeking entry-level or mid-range homes: At $1,050,000, this property is at the higher end of the market and may be unaffordable for buyers with a more limited budget.
• Buyers who want to live in a well-established neighborhood: Because this is a new construction in a developing community, it may not be suitable for buyers who desire mature landscaping, established local businesses, or a more intimate neighborhood feel.
• Buyers needing excellent public schools: The nearby public schools have a rating of 5/10, which may not meet the needs of families looking for top-rated public education.
• Buyers who prioritize low insurance costs: Given the moderate flood risk (4/10), major fire risk (5/10), and extreme wind risk (10/10), insurance costs are likely to be high. Those looking for low insurance premiums should consider other areas.
• Buyers who prefer a low-density neighborhood: As part of a planned community, this property is likely in a higher density area with less privacy than a more secluded home.
Demographics
Area Median Income
$71,923
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jun 28, 2023Verano Development LlcTurnberry Llc
Re-Recorded Document
Non-Arm's Length Transactions
$852,800Financed
Jun 28, 2023Verano Development LlcTurnberry Llc
Special Warranty Deed
New Construction Residential Transactions
Property Taxes
$861
2022 Tax Assessment
16.6%from previous year
Assessed Value$28,160
Tax Rate3.06%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Schools
Nearby school quality by education level
Elementary
5.0/10
AverageFinancials
Monthly Costs
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,050,000
Price/sqft
$404
Layout
3 bd•4 ba
Days on market
19 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$627,351
67.4%
Your price is 67.4% above average
Median Price
$681,000
54.2%
Based on 6 recent sales
Price per Sq.Ft
$266
51.8%
Your price is 51.8% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 10194 SW Latium Way, Port St Lucie, FL 34987 | $681,000 | 2,586 | 4 | 4 | $26334.8% | 11/1/2024 |
| 12821 SW Orvieto Way, Port St Lucie, FL 34987 | $430,485 | 2,370 | 4 | 3 | $18255.0% | 1/9/2025 |
| 9305 SW LORENZO WAY, Port St Lucie, FL 34987 | $556,620 | 2,399 | 4 | 3 | $23242.5% | 11/26/2024 |
| 8776 SW Vico Way, Port St Lucie, FL 34987 | $808,000 | 2,380 | 3 | 3 | $33915.9% | 11/18/2024 |
| 9519 SW Pepoli Way, Port St Lucie, FL 34987 | $750,000 | 2,129 | 3 | 3 | $35212.8% | 11/12/2024 |
| 11846 SW Macelli Way, Port St Lucie, FL 34987 | $538,000 | 2,399 | 4 | 3 | $22444.5% | 9/6/2024 |
10194 SW Latium Way, Port St Lucie, FL 34987
Price: $681,000
Sq.Ft: 2,586
Beds/Baths: 4/4
$/Sq.Ft:
$26334.8%
Sale Date: 11/1/2024
12821 SW Orvieto Way, Port St Lucie, FL 34987
Price: $430,485
Sq.Ft: 2,370
Beds/Baths: 4/3
$/Sq.Ft:
$18255.0%
Sale Date: 1/9/2025
9305 SW LORENZO WAY, Port St Lucie, FL 34987
Price: $556,620
Sq.Ft: 2,399
Beds/Baths: 4/3
$/Sq.Ft:
$23242.5%
Sale Date: 11/26/2024
8776 SW Vico Way, Port St Lucie, FL 34987
Price: $808,000
Sq.Ft: 2,380
Beds/Baths: 3/3
$/Sq.Ft:
$33915.9%
Sale Date: 11/18/2024
9519 SW Pepoli Way, Port St Lucie, FL 34987
Price: $750,000
Sq.Ft: 2,129
Beds/Baths: 3/3
$/Sq.Ft:
$35212.8%
Sale Date: 11/12/2024
11846 SW Macelli Way, Port St Lucie, FL 34987
Price: $538,000
Sq.Ft: 2,399
Beds/Baths: 4/3
$/Sq.Ft:
$22444.5%
Sale Date: 9/6/2024
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results
