10701 Eclipse St · Palmer Ranch, FL 34241

$322,629

3 bd · 2.5 ba · 1,373 sqft · Townhouse · 240 Days on market

Built 2026 Excellent condition $172/mo HOA · 5% 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 +16.4/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• 1% rule +5.1/10.0
• DSCR +5.1/10.0
• Condition / age +5.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Under Construction. What's Special: Close to Trails | Close to Amenities | 2nd Floor Laundry Room. New Construction – May Completion! Built by America’s Most Trusted Homebuilder. Welcome to the Jasmine at 10701 Eclipse Street in Towns at Skye Ranch. This thoughtfully designed new townhome features a bright, open layout with a spacious great room and an airy kitchen that’s perfect for everyday living. The kitchen island features quartz countertops and offers an ideal spot for casual meals or gathering with friends, while a large rear patio extends your living space outdoors. A one-car garage and convenient half bath complete the first floor. Upstairs, you’ll find two secondary bedrooms sharing a full bath and a private primary suite with an oversized walk-in closet and double vanity. The laundry room is also located upstairs for added ease. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: Refrigerator, washer and dryer, extended tile flooring on main level, and whole house blinds. Photos are for representative purposes only. MLS#A4667314

Key facts

• Double vanity
• Dog park
• Large rear patio

Tags

• 2ND FLOOR LAUNDRY ROOM
• KITCHEN ISLAND
• LARGE REAR PATIO
• OVERSIZED WALK-IN CLOSET
• DOUBLE VANITY
• DOG PARK

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $323k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $323k).
• Recommended offer: $284k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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.
• Zoned schools: Lakeview Elementary School (math 73% / reading 74%, grade A, #260 of 2,144 statewide, top 13%, 691 students, 29% FRL); Sarasota Middle School (math 82% / reading 78%, grade A+, #21 of 571 statewide, top 4%, 1,278 students, 26% FRL); Riverview High School (math 61% / reading 65%, grade B-, #89 of 667 statewide, top 14%, 2,597 students, 35% FRL).
• Market conditions: Rents soft (-0.1%/yr); 566 active listings in the ZIP; high-income renter base; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 34% of the median local income ($116k/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 $2k of loan paydown is wiped out by about $10k 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 240 days — a 12% lower offer ($284k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $283,913 (12.0% below list)

Questions for the listing agent

1. It's been on market 240 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.01% ✓
• Cap rate: 6.97%
• Cash-on-cash: 2.40%
• DSCR: 1.11
• GRM: 8.2

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: -16.1%
• Equity multiple: 0.44×
• Total profit: $-50,183
• Equity at exit: $48,105

10-year hold

• IRR: -14.8%
• Equity multiple: 0.28×
• Total profit: $-65,256
• Equity at exit: $27,895

Cash invested: $90,336 (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 34241

• Rents YoY: -0.1%
• Active inventory: 566
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $3,269 medium
• Mortgage (P&I): −$1,692
• Tax est. 1.5%: −$403 /mo · $4,839/yr
• Insurance: −$134
• HOA: −$172
• Vacancy / Maint / Mgmt: −$686
• Net cashflow: $181

Break-even live

Break-even rent $3,040

Max offer price $322,629

Occupancy floor 89%

Sensitivity live

Price	-10% $404	-5% $292	+0% $181	+5% $69	+10% $-42
Rent	-10% $-77	-5% $52	+0% $181	+5% $310	+10% $439
Rate	-1.0pp $343	-0.5pp $263	base $181	+0.5pp $97	+1.0pp $12

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: $80,657
• Closing costs: $9,679
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $172 · $2,064/yr
• Likely covers: security

Listing history 7 events

1. 2026-05-31
   status $322,629 Pending 240 DOM
2. 2026-05-31
   days on market $322,629 Active 240 DOM
3. 2026-05-20
   price $339,629 1407-char remark

   Show marketing remark (1407 chars)

   Under Construction. What's Special: Close to Trails | Close to Amenities | 2nd Floor Laundry Room. New Construction – May Completion! Built by America’s Most Trusted Homebuilder. Welcome to the Jasmine at 10701 Eclipse Street in Towns at Skye Ranch. This thoughtfully designed new townhome features a bright, open layout with a spacious great room and an airy kitchen that’s perfect for everyday living. The kitchen island features quartz countertops and offers an ideal spot for casual meals or gathering with friends, while a large rear patio extends your living space outdoors. A one-car garage and convenient half bath complete the first floor. Upstairs, you’ll find two secondary bedrooms sharing a full bath and a private primary suite with an oversized walk-in closet and double vanity. The laundry room is also located upstairs for added ease. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: Refrigerator, washer and dryer, extended tile flooring on main level, and whole house blinds. Photos are for representative purposes only. MLS#A4667314

4. 2026-01-31
   price $342,629 1497-char remark

   Show marketing remark (1497 chars)

   Welcome to the Jasmine at 10701 Eclipse Street in Towns at Skye Ranch. This thoughtfully designed new townhome features a bright, open layout with a spacious great room and an airy kitchen that's perfect for everyday living. The kitchen island features quartz countertops and offers an ideal spot for casual meals or gathering with friends, while a large rear patio extends your living space outdoors. A one-car garage and convenient half bath complete the first floor. Upstairs, you'll find two secondary bedrooms sharing a full bath and a private primary suite with an oversized walk-in closet and double vanity. The laundry room is also located upstairs for added ease. Life at Skye Ranch is all about nature, recreation, and connection. Located at the intersection of Clark Road and Lorraine Road, this premier Sarasota community blends modern living with preserved natural beauty, grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: Refrigerator, washer and dryer, extended tile flooring on main level, and whole house blinds. Photos are for representative purposes only. MLS#A4667314

5. 2026-01-30
   price $342,629 1407-char remark

   Show marketing remark (1407 chars)

   Under Construction. What's Special: Close to Trails | Close to Amenities | 2nd Floor Laundry Room. New Construction – May Completion! Built by America’s Most Trusted Homebuilder. Welcome to the Jasmine at 10701 Eclipse Street in Towns at Skye Ranch. This thoughtfully designed new townhome features a bright, open layout with a spacious great room and an airy kitchen that’s perfect for everyday living. The kitchen island features quartz countertops and offers an ideal spot for casual meals or gathering with friends, while a large rear patio extends your living space outdoors. A one-car garage and convenient half bath complete the first floor. Upstairs, you’ll find two secondary bedrooms sharing a full bath and a private primary suite with an oversized walk-in closet and double vanity. The laundry room is also located upstairs for added ease. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: Refrigerator, washer and dryer, extended tile flooring on main level, and whole house blinds. Photos are for representative purposes only. MLS#A4667314

6. 2025-10-04
   listed $342,689 Active 1497-char remark

   Show marketing remark (1497 chars)

   Welcome to the Jasmine at 10701 Eclipse Street in Towns at Skye Ranch. This thoughtfully designed new townhome features a bright, open layout with a spacious great room and an airy kitchen that's perfect for everyday living. The kitchen island features quartz countertops and offers an ideal spot for casual meals or gathering with friends, while a large rear patio extends your living space outdoors. A one-car garage and convenient half bath complete the first floor. Upstairs, you'll find two secondary bedrooms sharing a full bath and a private primary suite with an oversized walk-in closet and double vanity. The laundry room is also located upstairs for added ease. Life at Skye Ranch is all about nature, recreation, and connection. Located at the intersection of Clark Road and Lorraine Road, this premier Sarasota community blends modern living with preserved natural beauty, grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: Refrigerator, washer and dryer, extended tile flooring on main level, and whole house blinds. Photos are for representative purposes only. MLS#A4667314

7. 2025-10-03
   listed $342,689 Active 1407-char remark

   Show marketing remark (1407 chars)

   Under Construction. What's Special: Close to Trails | Close to Amenities | 2nd Floor Laundry Room. New Construction – May Completion! Built by America’s Most Trusted Homebuilder. Welcome to the Jasmine at 10701 Eclipse Street in Towns at Skye Ranch. This thoughtfully designed new townhome features a bright, open layout with a spacious great room and an airy kitchen that’s perfect for everyday living. The kitchen island features quartz countertops and offers an ideal spot for casual meals or gathering with friends, while a large rear patio extends your living space outdoors. A one-car garage and convenient half bath complete the first floor. Upstairs, you’ll find two secondary bedrooms sharing a full bath and a private primary suite with an oversized walk-in closet and double vanity. The laundry room is also located upstairs for added ease. Discover modern, open-concept townhomes in the gated, master-planned Skye Ranch community in Sarasota. Ideally located at Clark and Lorraine Roads, this premier setting offers endless opportunities to explore and enjoy life. The community preserves natural beauty with grand oaks, lush palms, forested wetlands, pristine lakes, and native wildlife. Additional Highlights Include: Refrigerator, washer and dryer, extended tile flooring on main level, and whole house blinds. Photos are for representative purposes only. MLS#A4667314

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

Taxation est. · year 1

• Rental income: $39,228
• − Mortgage interest: −$18,072
• − Property taxes: −$4,839
• − Insurance: −$1,613
• − Repairs & maintenance: −$3,138
• − Management: −$3,138
• − HOA: −$2,064
• − Depreciation: −$9,386
• Taxable loss: −$3,023
• Est. tax savings @ 24.0%: +$725
• After-tax cash flow: $2,896/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This newly constructed townhome is move-in ready with excellent condition and modern finishes. It offers a bright, open layout and is well-suited for both resale and rental markets.

Value-add opportunities

• Resale Painting exterior siding — Enhances curb appeal and value
• Resale Landscaping improvements — Enhances curb appeal and value
• Both Add smart home features — Improves convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting exterior siding — Enhances curb appeal and value ↑
• Resale Landscaping improvements — Enhances curb appeal and value ↑
• Both Add smart home features — Improves convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Palmer Ranch

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Sarasota County · 448,376 people
• City population: 86,541
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 16,408
• Household income: $116,412
• Rent vs Own: 11.1% rent · 88.9% own
• Severe rent burden: 69.0

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 (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 6% Asian 1%
• Hispanic origin (detail): Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 7% Slovak 3% Scandinavian 2%
• Foreign-born: 10% · Canada, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -363.72%
• Current HPI: 278.3404
• Rent YoY: ▬ -0.05%
• 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

-0.9% since first listed

5 events — show timeline

• 2026-05-20 Price Changed $339,629 Stellar MLS as Distributed by MLS Grid
• 2026-01-31 Price Changed $342,629 Zillow
• 2026-01-30 Price Changed $342,629 Stellar MLS as Distributed by MLS Grid
• 2025-10-04 Listed $342,689 Zillow
• 2025-10-03 Listed $342,689 Stellar MLS as Distributed by MLS Grid