791 Gloriosa Dr · South Venice, FL 34293

$125,000

2 bd · 2.0 ba · 840 sqft · Manufactured public records · 117 Days on market

Built 1980 4,383 sqft lot $257/mo HOA · 13% of rent

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This move in ready residence is one of only a select few homes positioned with a direct lake and fountain view, creating a peaceful backdrop complemented by stunning western sunset exposure from your private patio. Inside, the well maintained two bedroom, two bathroom floor plan features a desirable split bedroom design with an expansive living room, formal dining area, galley kitchen, plus private en suite bathrooms in each bedroom. Interior highlights include luxury vinyl plank flooring throughout, built in dining cabinetry, a closet pantry, white kitchen appliances, and tiled backsplash. Major improvements consist of new vinyl windows and doors installed in 2015, whole home air conditioning replaced in 2020, and a new water heater in 2021, enhancing efficiency while providing long term peace of mind. The exterior offers a deep two car carport, oversized shed housing the washer and dryer hookups with generous storage space, concrete landscape curbing, and a welcoming front planter bed. Ideally situated in the active 55+ community of Japanese Gardens, this resident owned, amenity rich neighborhood offers a vibrant coastal lifestyle. Japanese Gardens features low HOA fees of $257 per month which include cable, water, sewer, plus exceptional amenities including pickleball, bocce, shuffleboard courts, a beautiful resort style pool and spa, large clubhouse, activity room with billiards tables, library, and a full calendar of social events, all within a golf cart friendly community. Perfectly positioned approximately two miles from Manasota Beach and just minutes to Venice Island shopping, dining, golf, fishing, boating waters, and additional Gulf beaches, this home presents an outstanding opportunity to embrace coastal living, an active social environment, and everyday convenience in one of Venice’s most desirable 55+ communities. PLEASE ENJOY THE INTERACTIVE VIRTUAL TOUR OF THIS EXTREMELY RARE CORNER LAKE AND FOUNTAIN VIEW HOME.

Key facts

• Corner lake view
• Split bedroom design
• Private patio

Tags

• CORNER LAKE VIEW
• DIRECT LAKE VIEW
• PRIVATE PATIO
• SPLIT BEDROOM DESIGN
• LUXURY VINYL PLANK FLOORING
• BUILT IN DINING CABINETRY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $114 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $114k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#549 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: schools F, amenities F, commute F.
• Sarasota (urban): math 63% / reading 63% proficiency, ranked #7 of 73 in FL (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 1247 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Sarasota County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 117 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 117 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.63% ✓
• Cap rate: 11.48%
• Cash-on-cash: 18.54%
• DSCR: 1.82
• GRM: 5.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.51×
• Total profit: $-17,177
• Equity at exit: $18,638

10-year hold

• IRR: -12.8%
• Equity multiple: 0.37×
• Total profit: $-21,957
• Equity at exit: $10,808

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34293

• Rents YoY: 0.7%
• Active inventory: 1247
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,037 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$104 /mo · $1,252/yr
• Insurance: −$52
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$257
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $114

Break-even live

Break-even rent $1,893

Max offer price $125,000

Occupancy floor 89%

Sensitivity live

Price	-10% $185	-5% $150	+0% $114	+5% $79	+10% $43
Rent	-10% $-47	-5% $34	+0% $114	+5% $195	+10% $275
Rate	-1.0pp $177	-0.5pp $146	base $114	+0.5pp $82	+1.0pp $49

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $257 · $3,084/yr
• Likely covers: watersewercablepool

Listing history 21 events

1. 2026-06-18
   days on market $125,000 Active 117 DOM
2. 2026-06-17
   days on market $125,000 Active 116 DOM
3. 2026-06-16
   days on market $125,000 Active 115 DOM
4. 2026-06-15
   days on market $125,000 Active 114 DOM
5. 2026-06-13
   days on market $125,000 Active 112 DOM
6. 2026-06-13
   days on market $125,000 Active 111 DOM
7. 2026-06-10
   days on market $125,000 Active 109 DOM
8. 2026-06-09
   days on market $125,000 Active 108 DOM
9. 2026-06-08
   days on market $125,000 Active 107 DOM
10. 2026-06-08
    days on market $125,000 Active 106 DOM
11. 2026-06-05
    days on market $125,000 Active 103 DOM
12. 2026-06-03
    days on market $125,000 Active 102 DOM
13. 2026-06-02
    days on market $125,000 Active 101 DOM
14. 2026-06-01
    days on market $125,000 Active 100 DOM
15. 2026-05-31
    days on market $125,000 Active 99 DOM
16. 2026-04-24
    price $125,000 1966-char remark

    Show marketing remark (1966 chars)

    This move in ready residence is one of only a select few homes positioned with a direct lake and fountain view, creating a peaceful backdrop complemented by stunning western sunset exposure from your private patio. Inside, the well maintained two bedroom, two bathroom floor plan features a desirable split bedroom design with an expansive living room, formal dining area, galley kitchen, plus private en suite bathrooms in each bedroom. Interior highlights include luxury vinyl plank flooring throughout, built in dining cabinetry, a closet pantry, white kitchen appliances, and tiled backsplash. Major improvements consist of new vinyl windows and doors installed in 2015, whole home air conditioning replaced in 2020, and a new water heater in 2021, enhancing efficiency while providing long term peace of mind. The exterior offers a deep two car carport, oversized shed housing the washer and dryer hookups with generous storage space, concrete landscape curbing, and a welcoming front planter bed. Ideally situated in the active 55+ community of Japanese Gardens, this resident owned, amenity rich neighborhood offers a vibrant coastal lifestyle. Japanese Gardens features low HOA fees of $257 per month which include cable, water, sewer, plus exceptional amenities including pickleball, bocce, shuffleboard courts, a beautiful resort style pool and spa, large clubhouse, activity room with billiards tables, library, and a full calendar of social events, all within a golf cart friendly community. Perfectly positioned approximately two miles from Manasota Beach and just minutes to Venice Island shopping, dining, golf, fishing, boating waters, and additional Gulf beaches, this home presents an outstanding opportunity to embrace coastal living, an active social environment, and everyday convenience in one of Venice’s most desirable 55+ communities. PLEASE ENJOY THE INTERACTIVE VIRTUAL TOUR OF THIS EXTREMELY RARE CORNER LAKE AND FOUNTAIN VIEW HOME.

17. 2026-02-21
    listed $129,000 Active 1966-char remark

    Show marketing remark (1966 chars)

    This move in ready residence is one of only a select few homes positioned with a direct lake and fountain view, creating a peaceful backdrop complemented by stunning western sunset exposure from your private patio. Inside, the well maintained two bedroom, two bathroom floor plan features a desirable split bedroom design with an expansive living room, formal dining area, galley kitchen, plus private en suite bathrooms in each bedroom. Interior highlights include luxury vinyl plank flooring throughout, built in dining cabinetry, a closet pantry, white kitchen appliances, and tiled backsplash. Major improvements consist of new vinyl windows and doors installed in 2015, whole home air conditioning replaced in 2020, and a new water heater in 2021, enhancing efficiency while providing long term peace of mind. The exterior offers a deep two car carport, oversized shed housing the washer and dryer hookups with generous storage space, concrete landscape curbing, and a welcoming front planter bed. Ideally situated in the active 55+ community of Japanese Gardens, this resident owned, amenity rich neighborhood offers a vibrant coastal lifestyle. Japanese Gardens features low HOA fees of $257 per month which include cable, water, sewer, plus exceptional amenities including pickleball, bocce, shuffleboard courts, a beautiful resort style pool and spa, large clubhouse, activity room with billiards tables, library, and a full calendar of social events, all within a golf cart friendly community. Perfectly positioned approximately two miles from Manasota Beach and just minutes to Venice Island shopping, dining, golf, fishing, boating waters, and additional Gulf beaches, this home presents an outstanding opportunity to embrace coastal living, an active social environment, and everyday convenience in one of Venice’s most desirable 55+ communities. PLEASE ENJOY THE INTERACTIVE VIRTUAL TOUR OF THIS EXTREMELY RARE CORNER LAKE AND FOUNTAIN VIEW HOME.

18. 2021-03-30
    soldstatus $125,000
19. 2004-03-18
    soldstatus $72,500
20. 1996-01-03
    soldstatus $40,000
21. 1982-12-01
    soldstatus $11,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,252 · $104/mo
• Projected year-2 tax: $1,252 · $104/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 95% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,450
• − Mortgage interest: −$7,002
• − Property taxes: −$1,252
• − Insurance: −$5,744
• − Repairs & maintenance: −$1,956
• − Management: −$1,956
• − HOA: −$3,084
• − Depreciation: −$3,636
• Taxable loss: −$180
• Est. tax savings @ 24.0%: +$43
• After-tax cash flow: $1,413/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Sarasota
• NCES district ID: 1201680
• Math proficiency: 63% ▼ -8.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $51,167
• Composite: 53.68/100
• National rank: #1428
• State rank: #7 of 73 in FL

Livability — South Venice

• Score: 67/100
• State rank: #549
• US rank: #10377

Category grades

Amenities F Commute F Cost of living A- Crime A- Employment B- Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Venice, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 50,278
• Household income: $90,038
• Rent vs Own: 11.3% rent · 88.7% own
• Severe rent burden: 548.0

Population outlook (Sarasota County) Hauer SSP2

• Today (2025): 452,380 people
• By 2030: 474,175 · +4.8%
• By 2040: 511,577 · +13.1%
• By 2050: 541,467 · +19.7%
• By 2075: 604,947 · +33.7%
• By 2100: 621,965 · +37.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 3%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Russian/Polish/Slavic 2% French/Haitian/Cajun 1%

Political lean MEDSL · Sarasota

• 2024 margin: R (+18.2) · D 40.5% · R 58.7%
• 2008→2024 swing: -18.1pp toward R · 2008: -0.1pp · 2024: -18.2pp
• All cycles: 2024: R+18.2 2020: R+10.4 2016: R+11.6 2012: R+7.4 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -355.64%
• Current HPI: 270.5242
• Rent YoY: ▲ 0.70%
• Metro: North Port-Sarasota-Bradenton, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1036.4% since first listed

6 events — show timeline

• 2026-04-24 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-21 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-30 Sold (Public Records) $125,000 Public Records
• 2004-03-18 Sold (Public Records) $72,500 Public Records
• 1996-01-03 Sold (Public Records) $40,000 Public Records
• 1982-12-01 Sold (Public Records) $11,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $1,252 · -9.5% YoY. Source: county tax records.