Sailfish Point Condominium Market: August 2026

The Sailfish Point condominium market in Stuart is a good example of why condominium pricing cannot always be understood by looking at a median sale price alone.

For this August 2026 market update, I analyzed condominium sales and listings within Sailfish Point through August 31, 2026. Sailfish Point is a private oceanfront community at the southern end of Hutchinson Island, with condominium properties offering substantially different views and locations, including the Atlantic Ocean, St. Lucie Inlet and Intracoastal areas. SailfishPoint -

The market data currently shows limited sales activity and considerably more available inventory.

During the prior seven-to-twelve-month period, there were 18 settled sales, representing an absorption rate of 3.00 sales per month, with four active listings and approximately 1.3 months of housing supply. During the prior four-to-six-month period, there were nine settled sales, an absorption rate of 3.00, seven active listings and approximately 2.3 months of supply.

During the most recent three months, however, there was only one settled sale, while the number of active listings increased to eight. The absorption rate declined to 0.33 sale per month, resulting in approximately 24.2 months of housing supply. august 2026

That is a significant change in the supply-and-demand indicators.

At the same time, I would not characterize the condominium market simply by looking at the reported median sale prices. The properties within Sailfish Point are too different for that.

Appraiser’s Perspective (RD8755)

Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755

The reported median sale price increased to $3,900,000 during the most recent three-month period, compared with $1,900,000 during the prior four-to-six months and $2,050,000 during the prior seven-to-twelve months. However, that $3.9 million figure represents only one sale, so it should not be interpreted by itself as evidence that condominium values increased sharply. august 2026

That sale demonstrates the problem particularly well.

The $3,900,000 sale at 2812 SE Dune Drive #1102 contained approximately 2,762 square feet, with three bedrooms and expansive Intracoastal, ocean and river views. The MLS described the residence as fully renovated, with custom millwork, coffered ceilings, custom cabinetry and other extensive interior improvements. 2812 SE Dune 2812 SE Dune

Compare that with the $1,195,000 sale at 2820 SE Dune Drive #2305. That unit contained approximately 2,400 square feet, had two bedrooms and Intracoastal views, and its MLS photographs indicate a substantially different interior condition and level of updating. 2820 SE Dune

Another sale at 2920 SE Dune Drive #240 sold for $2,170,000. It contained approximately 2,625 square feet, three bedrooms and three bathrooms, with direct ocean views. 2920 SE Du

Those differences matter.

In Sailfish Point, the individual unit's condition, renovations, view, floor/location, living area, building and other physical characteristics can have a substantial effect on value. Therefore, the wide range of sale prices does not by itself demonstrate an increasing or declining market.

Based on the available evidence, I would characterize pricing as stable with mixed to declining supply-and-demand indicators. The decline in settled sales, reduced absorption and substantial increase in months of housing supply indicate fewer buyers relative to the available inventory. The price data itself, however, does not demonstrate a consistent downward trend.

The Analytics Addendum also illustrates the dispersion in the data, with its modeled price range extending from approximately $1.31 million to $2.90 million as of August 31, 2026. august 2026

Tom the Realtor’s Perspective

Tom Dunphy Realtor (Fulton Grace Realty)

If I were representing a buyer in Sailfish Point right now, I would not begin by asking whether condominium prices are “up” or “down.”

I would begin with the specific unit.

Is it renovated or dated? What is the view? What floor is it on? What building is it in? How does its living area compare with recent sales? What are the condominium and POA fees? Are there assessments? What other units would a buyer reasonably consider instead?

Those questions become particularly important when there is only one settled sale during a three-month period.

The same applies if I were listing a condominium in Sailfish Point.

I would not take the project median sale price, apply a price per square foot and use that as the listing price. With sale prices ranging so widely, that could produce a misleading result.

I would want to analyze the unit almost the same way I approach an appraisal assignment: identify the most comparable recent sales, examine their condition and renovations, compare their views and locations, consider their size and building characteristics, and then look closely at the units currently competing for the same buyer.

Only after doing that analysis would I recommend a listing-price range.

That is particularly important in the current market because sellers are competing against more available inventory while the recent sales pace has slowed considerably.

What This Means for Buyers and Sellers

For buyers, additional inventory and limited recent sales activity may provide more opportunity to compare properties carefully. But a less-active market does not automatically make every condominium a buying opportunity. A renovated unit with a particular view can compete in a very different segment from a dated unit in the same community.

For sellers, pricing requires more precision. With approximately 24 months of housing supply based on the most recent three-month absorption rate, positioning a property against its true competition becomes particularly important. august 2026

And the monthly ownership costs deserve consideration as well. For example, the MLS reported monthly maintenance/HOA charges of $4,962 for the $1.195 million sale and $5,058 for the $3.9 million sale. 2820 SE Dune 2812 SE Dune Those amounts vary by property and should be verified for the particular unit being considered.

The takeaway from the August 2026 data is not that every Sailfish Point condominium is moving in the same direction.

It is that the individual property matters.

In a market with limited sales, substantial inventory and significant differences between units, buyers and sellers need to understand the specific condominium before making a pricing decision.

Appraisal Certification:
Thomas J. Dunphy III is a Florida State-Certified Residential Real Estate Appraiser, RD8755.

Real Estate Disclosure:
Tom Dunphy Realtor is a Licensed Florida Real Estate Sales Associate with Fulton Grace Realty. Market information and property analyses provided in a real estate brokerage capacity are intended for informational and marketing purposes and are not appraisals. A formal appraisal requires a separate appraisal engagement, defined scope of work and appraisal report.