1950 SW Palm City Road

Stuart, FL 34994

$250,000

$278/ft²

1Beds

1.5Baths

900Sq ft

1979Year built

CondoType

About this home

**BOATER'S DREAM IN A PREMIER 55+ WATERFRONT COMMUNITY!** Welcome to Circle Bay Yacht Club, where active adult living meets the ultimate Florida boating lifestyle. This beautifully maintained first-floor 1-bedroom, 1.5-bath condominium offers serene waterfront views and direct access to the St. Lucie River, Intracoastal Waterway, and Atlantic Ocean with **no fixed bridges**. Community boat slips are available for lease (subject to availability) and can accommodate vessels up to 36 feet, making this the perfect home for boating enthusiasts. Relax on your private screened lanai overlooking the water or enjoy the many resort-style amenities, including a heated waterfront pool, clubhouse, marina, pickleball, shuffleboard, and beautifully landscaped grounds. Conveniently located just minutes from historic Downtown Stuart, waterfront dining, shopping, golf courses, beaches, and major highways. Whether you're an avid boater, an investor, or simply looking to enjoy the Florida lifestyle. Don't miss your opportunity to own a piece of paradise in one of Stuart's most desirable 55+ waterfront communities!

Features

Waterfront
Private pool
55+ community

Property details

Listing

MLS #: B26056002
Status: For sale
Listed on: Jul 24, 2026
Days on market: 16 days
Listing data updated: Jul 27, 2026

Interior

Beds: 1
Baths: 1.5
Living area: 900 ft²
Price per ft²: $278/ft²
Unit: 5-104

Building & community

Type: Condo
Year built: 1979
HOA fee: $598/mo
County: Martin

Lot & exterior

Waterfront: Yes
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $1,264
Property taxes (est.): $229
Home insurance (est.): $233
Flood insurance (est.): —
HOA fee: $598

Estimated total$2,324*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?