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Welcome to your dream investment opportunity, tranquil vacation home, or primary residence in a quiet waterfront community! This spacious 4-bedroom, 3.5-bath Key West style single-family home is more than just a charming abode - it's a potential goldmine. Nestled in the Riverside Park neighborhood on the outskirts of North River Shores, less than 1 mile from Downtown Stuart, this property boasts a separate studio apartment with 1 bedroom and 1 bathroom over a detached 2-car garage. It's perfect for generating extra income as an Airbnb or accommodating your loved ones as a mother-in-law suite.This property offers double income potential, with two separate living spaces that provide flexibility for renting both units to create a reliable stream of additional income. You can also choose to live in one and rent out the other to offset your expenses. Plus, there are no HOA restrictions, so you can easily park your boat, trailer, or RV on your property, making this an ideal choice for boating enthusiasts. The main home features a large gourmet kitchen with a spacious island/breakfast bar, perfect for cooking and entertaining. It's a chef's dream come true. The open floor plan is filled with natural light, thanks to 10' ceilings on both levels. All four bedrooms are conveniently located, with three in the main house and one in the studio apartment, ensuring privacy for all residents. The master suite in the main house is truly massive and even has its own private balcony for relaxation. Additional amenities include a washer and dryer, making your daily routine more convenient. When it's time to dine out or explore the local scene, you'll find a variety of restaurants within an easy walk, including the popular Talkhouse Restaurant, Tidehouse Restaurant, The Deck Restaurant, and many more. Shopping options are also within walking distance. What's more, this incredible property is conveniently located across the street from Oleander Waterfront Park, offering drop-in access for paddleboards and kayaks. For outdoor enthusiasts, this is a paradise. Recent updates include the whole interior being freshly painted and the main house has brand new real wood floors just installed throughout, providing a modern and inviting atmosphere. Stuart is renowned for its charming green market, vibrant downtown scene, local marinas, and breathtaking beaches. You'll have easy access to all these amenities, enhancing your quality of life and the appeal of your rental units. This exceptional investment opportunity in a prime location offers a rare chance to own a home of this caliber so close to downtown Stuart at an attractive price. Whether you're looking for a lucrative income property or a comfortable home with a guest suite, this Key West-style gem has it all.
516 NW North River Dr Stuart, FL 34994
