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5700 Island Cove Way

Hutchinson Island, FL 34996

2 bd 2 ba 1,374 sqft Built 1997 condos
Most recent sale
$645,000
Mar 31, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Nov 9, 2025 Price changed $649,900 MiamiMLS
Aug 26, 2025 Listed $695,000 MiamiMLS
Mar 31, 2023 Sold $645,000 MiamiMLS
Feb 13, 2023 Listed $675,000 MiamiMLS
Feb 8, 2023 Listing removed MiamiMLS
Jan 30, 2023 Price changed $685,000 MiamiMLS
Nov 8, 2022 Price changed $695,000 MiamiMLS
Oct 19, 2022 Listed $699,900 MiamiMLS
Apr 9, 2019 Sold $422,500 BeachesMLSFlex
Jan 15, 2019 Listed $435,000 BeachesMLSFlex
Apr 20, 2010 Sold $305,000 MartinCounty
Mar 1, 2010 Listed $330,000 MartinCounty
May 26, 1998 Sold $205,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $561,250 $561,250 $8,958
2024 $561,250 $561,250 $9,323
2022 $330,630 $4,885
2021 $321,000 $321,000 $4,918
2020 $314,000 $314,000 $5,552
2019 $291,500 $5,282
2018 $265,000 $265,000 $4,720
2017 $265,000 $265,000 $4,547
2016 $260,000 $260,000 $4,487
2015 $258,000 $258,000 $4,518
2014 $258,000 $4,473
2013 $248,000 $4,299
2012 $248,000 $4,140
2011 $248,000 $4,066
2010 $248,000 $4,129
2009 $217,000 $2,836
2008 $323,000 $4,328
2007 $366,000 $5,049

Property facts

Year built
1997
Property type
condos
Stories
Beds
2
Baths
2
Living area
1,374 sqft
Lot size
ZIP code
34996
City
Hutchinson Island
Street
Island Cove Way
Coordinates
27.20570, -80.17526

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,542
Gross rental yield
4.73%
Implied cap rate
3.07%
Trend-extrapolated value

Frequently asked questions

When did 5700 Island Cove Way last sell?
5700 Island Cove Way most recently sold on Mar 31, 2023 for $645,000.
What is the current tax assessment for 5700 Island Cove Way?
The most recent total assessment for 5700 Island Cove Way (year 2025) is $561,250 with $8,958 in property tax.
How does 5700 Island Cove Way's assessment compare to its last sale price?
The current assessment is 13.0% below the last sale price of $645,000.
When was 5700 Island Cove Way built?
5700 Island Cove Way was built in 1997.
How does 5700 Island Cove Way compare to others on Island Cove Way?
We track 3 other properties on Island Cove Way. Browse the list under "Other properties on Island Cove Way" to compare beds, baths, and sale history.
What are the property facts for 5700 Island Cove Way?
5700 Island Cove Way is a 2 bed, 2 bath, 1,374 sqft condos.
Is 5700 Island Cove Way a flip candidate?
No — 5700 Island Cove Way does not appear in our flips dataset.
Is 5700 Island Cove Way a tax-appeal candidate?
No — 5700 Island Cove Way is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+7.2%
Implied 1-yr
+28.6%
2026 Q3
$2.23M
2026 Q4
$2.34M
ZIP 34996 — Median Price History + Forecast

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