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Property Description
Key West Style CBS Home with Income-Producing Apartment in Walkable Riverside Park Welcome to a rare Key West style retreat offering unmatched flexibility, modern updates, and an income-producing bonus-all in one of Stuart's most walkable neighborhoods. This solid concrete block 3 bedroom 2 and a half bath home with a detached garage and apartment is built for peace of mind, featuring full impact windows and metal roofs on both structures. Set in the charming Riverside Park community, right next to prestigious North River Shores and just minutes from Downtown Stuart, the home provides the perfect blend of quiet residential living and vibrant city convenience. With no HOA, you have the freedom to personalize, enhance, or expand the property to match your vision. Inside, the main home impresses with a bright and airy atmosphere, 10' ceilings on the lower level, and brand-new solid wood flooring throughout. The gourmet kitchen serves as the home's centerpiece, complete with an oversized island ideal for gatherings and everyday living. Fresh interior paint, updated finishes, and inviting natural light create a move-in-ready experience. Upstairs, the generous primary suite offers a private balcony; a peaceful spot for morning coffee or evening sunsets. A major advantage is the detached 2-car garage with a fully equipped efficiency apartment above, currently tenant-occupied. With its own kitchen, full bath, and washer/dryer, it's a perfect setup for steady income, visiting guests, or a private studio/office. This desirable location is truly walkable, placing you steps away from local cafés, restaurants, specialty shops, and a waterfront park across the street with direct access to kayaking, paddleboarding, and a small dog park along the St. Lucie River. Exciting neighborhood improvements are underway including new sidewalks, on-street parking, improved crosswalks, upgraded street lighting, fresh landscaping, and resurfaced streetsadding long-term value, improved curb appeal, and exceptional walkability to the area. Unique Offering: The current owners may consider selling the adjacent home as well, giving buyers the opportunity to acquire two neighboring properties. Together, the combined parcels offer options rarely found in Stuartspace for an expanded yard, pool, additional outdoor living areas, or a multigenerational compound with multiple revenue-producing units. Experience the best of Riverside Park living with income potential, modern upgrades, and room to grow, all in one of Stuart's most desirable and up-and-coming neighborhoods.
Full Property Details
Full Property Details for 516 NW North River Dr
General
- Price: $950,000
- Taxes: $10,063 (2025)
- Status: Active
- Type: Duplex
- Source: Regional
- MLS ID: R11160869
- Updated: 2/5/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Ceramic Tile, Wood
Additional Information
- Shared Amenities: Playground, Park, Trail(s)
Exterior
- Exterior Features: Balcony, Outdoor Living Area
- Porch/Patio/Deck: Covered, Deck, Open, Balcony
Location
- County: Martin
- Subdivision: RIVERSIDE PARK
- Driving Directions: Dixie to Australian head West; Drive to end of road; House is on left side on corner of Australian and North River Drive.
Community
- Community Name: 6030 - Jensen Beach/Stuart - North of Roosevelt Br
- Units Assoc/Comm: 2
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Sewer Available, Water Available
Structural Information
- Structure Type: House
- Construction: Block
- Roof: Aluminum, Metal
- Windows: Blinds
- Stories/Levels: 2
- Building Size: 3472
- Square Feet: 2,748
- Living Area: 2,748 Sq. Ft.
- Year Built: 2007
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Features: 1/4 Acre
- Zoning: RES
Water Features
- Water Front View: None
Financial Considerations
- Tax Amount: $10,063.1
- Tax Year: 2025
- Terms: Cash, Conventional, Lease Option
- Tenant Pays: Cable TV, Electricity, Insurance, Sewer, Water
Disclosures and Reports
- Special Conditions: Listed As-Is
- Documents Avail.: Lease
- Legal Description: N 50' OF UNPLATTED PART OF BLK E RIVERSIDE PARK PARK S/D
- Property ID: 323741000000002908
Listed by Serhant
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Schools
Schools serving 516 NW North River Dr
School District:Martin County School District
| Name | Grades | Distance |
|---|---|---|
Felix A Williams Elementary School 401 Northwest Baker Road, Stuart, FL 34994 | PK-5 | 1 mi |
Stuart Middle School 575 Southeast Georgia Avenue, Stuart, FL 34994 | 6-8 | 1.4 mi |
Jensen Beach High School 2875 Northwest Goldenrod Road, Jensen Beach, FL 34957 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 NW North River Dr
Date
Details
Price
Change
Source
2/04/2026
Listed
$950,000
137.5%
MLS
4/19/2021
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 516 NW North River Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,791
—
$566,440
9%
2024
$9,791
8%
$517,650
10%
2023
$9,090
35%
$470,591
36%
2021
$6,726
-16%
$345,530
-19%
2022
$8,015
19%
$427,810
32%
2021
$6,726
25%
$323,860
24%
2018
$5,401
19%
$262,053
10%
2017
$4,539
2%
$238,230
3%
2016
$4,456
-24%
$230,320
-20%
2019
$5,891
27%
$288,258
21%
2015
$4,625
5%
$237,620
5%
2014
$4,394
-25%
$225,510
-26%
2013
$5,858
—
$306,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 NW North River Dr
516 NW North River Drive, Stuart, FL 34994 (MLS# R11160869) is a Duplex property with 0 bedrooms and 0 full bathrooms. 516 NW North River Drive is currently listed for $950,000 and was received on February 05, 2026. Want to learn more about 516 NW North River Drive? Do you have questions about finding other Duplex real estate for sale in Stuart? You can browse all Stuart real estate or contact a Coldwell Banker agent to request more information.

