None · Bayshore Gardens, FL 34207

$107,000

2 bd · 1.0 ba · 744 sqft · Condo public records · 103 Days on market

Built 1973 $387/mo HOA · 29% of rent

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Why this score? — see what drove the D 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 +12.7/30.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Schools +4.4/10.0
• Livability +4.1/5.0
• DSCR +3.8/10.0
• Condition / age +2.5/5.0
• Rent growth +1.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable ground floor condo with the best view in the Fourth Bayshore Condominiums. If enjoying being outside is what you are looking for you just found it. You can walk out your back door to the heated pool and clubhouse and enjoy the beautifully landscaped grounds. This is a very active senior community that has many community events throughout the year. This cute condo has nice ceramic tiles in every room, newer appliances were installed in 2011 and the AC and hot water heater were installed in 2012. There is plenty of storage with a utility room where you can easily install a washer and dryer. The low maintenance fee's make this a very affordable home for either a 2nd home or a primary resident. Getting around is easy if you prefer not to drive with the bus stop that is right in front of the community. Bayshore Condominiums is centrally located to the beaches, Downtown Bradenton, Downtown Sarasota and just 15 minutes from SRQ Internation Airport.

Key facts

• Private patio room
• Updated bath
• Plantation shutters

Tags

• UPDATED KITCHEN
• UPDATED BATH
• CUSTOM CLOSETS
• PLANTATION SHUTTERS
• PRIVATE PATIO ROOM
• MANICURED GARDENS

Property features AI

Finance

• Other: Homestead exemption indicated
• Financial info: Total monthly fees $387; total annual fees $4,644; Lease restrictions apply
• HOA & community: Has HOA (Fourth Bayshore); Monthly condo fee of $387; Association approval required; Association fees include cable TV, pool, escrow reserves, insurance, internet, structure and grounds maintenance, management, pest control; Community features: clubhouse, deed restrictions, pool, sidewalks; Senior community; Pets not allowed

Exterior

• Parking: Ground-level parking (building K, mid parking lot)
• Utilities: Public water; Public sewer; Electricity connected; Cable available and connected; BB/HS internet available; Fire hydrant nearby; Water connected; Sewer connected
• Home design: Residential condominium; Single-story (one level); Faces southwest; Completed condition
• Construction: Block construction; Membrane roof; Slab foundation; Building/Unit K
• Exterior features: In-ground pool; Asphalt and other road surfaces; Other structures on property

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Electric heating; Central air conditioning
• Interior features: Living room/dining room combo; Thermostat
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $107k.

Deal economics

• At list price, monthly cash flow is $-13 ($-150/yr) — negative.
• To cash-flow at today's rent, offer at most $105k (2.1% below list).
• Meets the 1% rule at list price ($1k rent vs $107k).
• Recommended offer: $97k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 4.7% in Bayshore Gardens — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#72 in FL, #1,180 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, commute C-, employment F.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Bayshore Elementary School (math 51% / reading 36%, grade F, #1,345 of 2,144 statewide, top 64%, 701 students, 72% FRL); Electa Lee Magnet Middle School (math 27% / reading 28%, grade F, #495 of 571 statewide, top 87%, 759 students, 68% FRL); Bayshore High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 1,435 students, 65% FRL) — zoned schools average 68% FRL vs 51% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 31% at this address vs 52% district-wide (-21 pts) — the specific schools serving this property underperform the Manatee average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-5.5%/yr); 362 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 35% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $740 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask is 8% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $62k; list at $107k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.

Recommended offer $97,370 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 6.15%
• Cash-on-cash: -0.50%
• DSCR: 0.98
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -21.8%
• Equity multiple: 0.27×
• Total profit: $-21,777
• Equity at exit: $15,954

10-year hold

• IRR: -32.3%
• Equity multiple: -0.14×
• Total profit: $-34,015
• Equity at exit: $9,251

Cash invested: $29,960 (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 34207

• Rents YoY: -5.5%
• Active inventory: 362
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,314 high
• Mortgage (P&I): −$561
• Tax from tax record: −$58 /mo · $694/yr
• Insurance: −$45
• HOA: −$387
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $-13

Break-even live

Break-even rent $1,330

Max offer price $104,785

Occupancy floor 96%

Sensitivity live

Price	-10% $48	-5% $18	+0% $-13	+5% $-43	+10% $-73
Rent	-10% $-116	-5% $-64	+0% $-13	+5% $39	+10% $91
Rate	-1.0pp $41	-0.5pp $15	base $-13	+0.5pp $-40	+1.0pp $-68

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: $26,750
• Closing costs: $3,210
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2547 60th Ave W Unit L-36 Bradenton, FL	1.0	1.0	576	$1,100	$1.91	18d	1	0.11mi
2028 Canal Dr Unit M26 Bradenton, FL	1.0	1.0	576	$1,050	$1.82	12d	1	0.26mi
5955 Palm Ln Unit A33 Bradenton, FL	2.0	1.0	744	$1,150	$1.55	16d	1	0.31mi
5858 Welcome Rd Unit J23 Bradenton, FL	2.0	1.0	744	$1,150	$1.55	5d	1	0.35mi
1874 Sunny Dr Unit F32 Bradenton, FL	2.0	1.0	744	$950	$1.28	25d	1	0.35mi
1875 Sunny Dr Unit G32 Bradenton, FL	1.0	1.0	576	$1,100	$1.91	25d	1	0.39mi
1859 Restful Dr Unit L26 Bradenton, FL	1.0	1.0	576	$1,150	$2.00	25d	1	0.40mi
1839 Sunny Dr Unit E36 Bradenton, FL	1.0	1.0	576	$1,350	$2.34	25d	1	0.44mi
1825 Flamingo Blvd Unit O26 Bradenton, FL	1.0	1.0	576	$1,000	$1.74	25d	1	0.44mi
1807 Restful Dr Unit N4 Bradenton, FL	2.0	1.0	733	$1,150	$1.57	5d	1	0.45mi
5888 17th St W Unit C23 Bradenton, FL	1.0	1.0	576	$1,100	$1.91	25d	1	0.47mi
5908 17th St W Unit C36 Bradenton, FL	1.0	1.0	576	$950	$1.65	18d	1	0.49mi
1566 Pleasant Rd Unit J24 Bradenton, FL	2.0	1.0	733	$1,150	$1.57	25d	1	0.54mi
6050 34th St W Bradenton, FL	1.0–2.0	1.0	734	$1,610	$2.19	3d	19	0.61mi
5400 26th St W Bradenton, FL	1.0–2.0	1.0–2.0	902	$1,651	$1.83	25d	1	0.70mi
5531 16th St W Unit 5537 Bradenton, FL	2.0	1.0	750	$1,650	$2.20	5d	1	0.72mi
5310 26th St W Bradenton, FL	1.0–2.0	1.0	789	$1,450	$1.84	5d	4	0.76mi
5310 26th St W Bradenton, FL	1.0–2.0	1.0	789	$1,450	$1.84	13d	5	0.76mi
5310 26th St W Bradenton, FL	1.0–2.0	1.0	789	$1,550	$1.96	21d	5	0.76mi
2803 52nd Avenue Dr W Unit 2803 Bradenton, FL	2.0	1.0	750	$1,599	$2.13	25d	1	0.94mi
5001 22nd St W Unit B Bradenton, FL	2.0	1.0	729	$1,700	$2.33	18d	1	1.21mi
4148 53rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	989	$2,550	$2.58	3d	1	1.25mi
4148 53rd Ave W Bradenton, FL	1.0–2.0	1.0–2.0	899	$2,412	$2.68	23d	10	1.25mi
2835 50th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	850	$1,610	$1.89	5d	16	1.25mi
6916 Marlin Ln Bradenton, FL	2.0	1.0	430	$1,250	$2.91	25d	1	1.34mi
4705 27th St W Unit A Bradenton, FL	2.0	1.0	750	$1,325	$1.77	5d	1	1.45mi
915 50th Avenue Plz W Bradenton, FL	2.0	1.0	700	$1,200	$1.71	25d	1	1.48mi

HOA detail condo

• Monthly dues: $387 · $4,644/yr
• Likely covers: waterlandscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-16
   statusdays on market $107,000 Pending 103 DOM
2. 2026-06-15
   days on market $107,000 Active 102 DOM
3. 2026-06-13
   days on market $107,000 Active 100 DOM
4. 2026-06-13
   days on market $107,000 Active 99 DOM
5. 2026-06-10
   days on market $107,000 Active 97 DOM
6. 2026-06-09
   days on market $107,000 Active 96 DOM
7. 2026-06-08
   days on market $107,000 Active 95 DOM
8. 2026-06-08
   days on market $107,000 Active 94 DOM
9. 2026-06-03
   pricedays on market $107,000 Active 91 DOM
10. 2026-06-02
    days on market $115,000 Active 90 DOM
11. 2026-06-01
    days on market $115,000 Active 89 DOM
12. 2026-05-31
    days on market $115,000 Active 88 DOM
13. 2026-03-06
    price $115,000
14. 2026-03-04
    listed $99,000 Active
15. 2018-11-20
    soldstatus $62,000
16. 2018-11-19
    soldstatus $62,000 Sold 965-char remark

    Show marketing remark (965 chars)

    Adorable ground floor condo with the best view in the Fourth Bayshore Condominiums. If enjoying being outside is what you are looking for you just found it. You can walk out your back door to the heated pool and clubhouse and enjoy the beautifully landscaped grounds. This is a very active senior community that has many community events throughout the year. This cute condo has nice ceramic tiles in every room, newer appliances were installed in 2011 and the AC and hot water heater were installed in 2012. There is plenty of storage with a utility room where you can easily install a washer and dryer. The low maintenance fee's make this a very affordable home for either a 2nd home or a primary resident. Getting around is easy if you prefer not to drive with the bus stop that is right in front of the community. Bayshore Condominiums is centrally located to the beaches, Downtown Bradenton, Downtown Sarasota and just 15 minutes from SRQ Internation Airport.

17. 2018-10-07
    status Pending 965-char remark

    Show marketing remark (965 chars)

    Adorable ground floor condo with the best view in the Fourth Bayshore Condominiums. If enjoying being outside is what you are looking for you just found it. You can walk out your back door to the heated pool and clubhouse and enjoy the beautifully landscaped grounds. This is a very active senior community that has many community events throughout the year. This cute condo has nice ceramic tiles in every room, newer appliances were installed in 2011 and the AC and hot water heater were installed in 2012. There is plenty of storage with a utility room where you can easily install a washer and dryer. The low maintenance fee's make this a very affordable home for either a 2nd home or a primary resident. Getting around is easy if you prefer not to drive with the bus stop that is right in front of the community. Bayshore Condominiums is centrally located to the beaches, Downtown Bradenton, Downtown Sarasota and just 15 minutes from SRQ Internation Airport.

18. 2018-09-26
    listed $64,900 Active 965-char remark

    Show marketing remark (965 chars)

    Adorable ground floor condo with the best view in the Fourth Bayshore Condominiums. If enjoying being outside is what you are looking for you just found it. You can walk out your back door to the heated pool and clubhouse and enjoy the beautifully landscaped grounds. This is a very active senior community that has many community events throughout the year. This cute condo has nice ceramic tiles in every room, newer appliances were installed in 2011 and the AC and hot water heater were installed in 2012. There is plenty of storage with a utility room where you can easily install a washer and dryer. The low maintenance fee's make this a very affordable home for either a 2nd home or a primary resident. Getting around is easy if you prefer not to drive with the bus stop that is right in front of the community. Bayshore Condominiums is centrally located to the beaches, Downtown Bradenton, Downtown Sarasota and just 15 minutes from SRQ Internation Airport.

19. 2011-01-20
    soldstatus $22,000

ⓘ 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: $694 · $58/mo
• Projected year-2 tax: $888 · $74/mo
• Expected delta: +$194/yr (+$16/mo · 27.9%)

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

Taxation est. · year 1

• Rental income: $15,767
• − Mortgage interest: −$5,994
• − Property taxes: −$694
• − Insurance: −$535
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − HOA: −$4,644
• − Depreciation: −$3,113
• Taxable loss: −$1,735
• Est. tax savings @ 24.0%: +$416
• After-tax cash flow: $266/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: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 of 73 in FL

Livability — Bayshore Gardens

• Score: 82/100
• State rank: #72
• US rank: #1180

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bayshore Gardens, FL
• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 34,081
• Household income: $45,010
• Rent vs Own: 38.8% rent · 61.2% own
• Severe rent burden: 1474.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 58% Hispanic / Latino 29% Two or more races 13% Black 7%
• Hispanic origin (detail): Mexican 12% Puerto Rican 4% Cuban 3% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 22% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -305.32%
• Current HPI: 369.9899
• Rent YoY: ▼ -5.50%
• 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

+422.7% since first listed

7 events — show timeline

• 2026-03-06 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Listed $99,000 Stellar MLS as Distributed by MLS Grid
• 2018-11-20 Sold (Public Records) $62,000 Public Records
• 2018-11-19 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2018-10-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-09-26 Listed $64,900 Stellar MLS as Distributed by MLS Grid
• 2011-01-20 Sold (Public Records) $22,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $694 · +4.3% YoY. Source: county tax records.