6579 Mauna Loa Blvd · Lake Sarasota, FL 34241

$415,000

3 bd · 2.0 ba · 1,616 sqft · SingleFamily public records · 2 Days on market

Built 1976 7,560 sqft lot

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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 +13.8/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• DSCR +4.2/10.0
• Livability +3.6/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. INCREDIBLE!

Key facts

• Updated kitchen
• New roof
• Newer hvac

Tags

• NEW ROOF
• NEWER HVAC
• IMPACT WINDOWS AND DOORS
• UPDATED KITCHEN
• FULLY FENCED BACKYARD
• ZONED FOR A RATED SCHOOLS

Property features AI

Finance

• Other: Zoning: RSF3
• HOA & community: Pets allowed; No association/HOA

Exterior

• Parking: Attached garage with 2 parking spaces
• Utilities: Public water; Public sewer; Electricity connected; Cable connected
• Home design: Single family residence; One story; West-facing; Completed condition; Homestead exempt
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on lot of approximately 0.17 acres
• Exterior features: Rear porch; Board fencing; Mature landscaping; Asphalt road access (public maintained)

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Stone countertops; Storm windows; Sliding doors
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $415k.

Deal economics

• At list price, monthly cash flow is $38 ($461/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $334k (19.6% below list).
• Recommended offer: $334k (19.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#365 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: 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.
• 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); Sarasota High School (math 53% / reading 59%, grade C, #131 of 667 statewide, top 20%, 2,528 students, 43% 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 $3k of loan paydown is wiped out by about $12k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $210k; list at $415k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $333,703 (19.6% below list)

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. 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.
6. 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.
7. 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: 0.80% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.40%
• DSCR: 1.02
• GRM: 10.4

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: -18.8%
• Equity multiple: 0.36×
• Total profit: $-74,697
• Equity at exit: $61,878

10-year hold

• IRR: -18.1%
• Equity multiple: 0.14×
• Total profit: $-100,159
• Equity at exit: $35,882

Cash invested: $116,200 (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: 10.4×

Monthly cashflow live

• Estimated rent: $3,337 medium
• Mortgage (P&I): −$2,176
• Tax from tax record: −$249 /mo · $2,984/yr
• Insurance: −$173
• HOA: −$0
• Vacancy / Maint / Mgmt: −$701
• Net cashflow: $38

Break-even live

Break-even rent $3,288

Max offer price $415,000

Occupancy floor 94%

Sensitivity live

Price	-10% $273	-5% $156	+0% $38	+5% $-79	+10% $-197
Rent	-10% $-225	-5% $-93	+0% $38	+5% $170	+10% $302
Rate	-1.0pp $247	-0.5pp $144	base $38	+0.5pp $-69	+1.0pp $-179

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: $103,750
• Closing costs: $12,450
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-26
   listed $415,000 Active
2. 2017-01-17
   soldstatus $210,000
3. 2017-01-12
   soldstatus $210,000 Sold 698-char remark

   Show marketing remark (698 chars)

   Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. INCREDIBLE!

4. 2016-11-05
   status Pending 698-char remark

   Show marketing remark (698 chars)

   Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. INCREDIBLE!

5. 2016-10-31
   listed $249,000 Active 698-char remark

   Show marketing remark (698 chars)

   Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. INCREDIBLE!

6. 2016-10-26
   soldstatus $238,000
7. 2016-10-21
   soldstatus $238,000 Sold 748-char remark

   Show marketing remark (748 chars)

   Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. don't miss your opportunity to see it. .. it won't last long!

8. 2016-10-14
   status Pending 748-char remark

   Show marketing remark (748 chars)

   Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. don't miss your opportunity to see it. .. it won't last long!

9. 2016-10-14
   status Active 748-char remark

   Show marketing remark (748 chars)

   Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. don't miss your opportunity to see it. .. it won't last long!

10. 2016-10-09
    status Pending 748-char remark

    Show marketing remark (748 chars)

    Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. don't miss your opportunity to see it. .. it won't last long!

11. 2016-09-30
    listed $249,000 Active 748-char remark

    Show marketing remark (748 chars)

    Fully remodeled block home in Lake Sarasota. Amazing new kitchen and baths with shaker doors, granite counter-tops and high end stainless steel appliances. New hot water heater, A/C system, alarm system, wood ceramic tile, carpet, baseboards, LED lighting, paint, ceiling fans and blinds. The exterior has new landscaping, shutters, lighting, large wood deck, private fenced backyard with room for a pool, travertine front walk, seamless gutters and paint. House was remodeled by a Licensed Contractor and is not a standard flip home. Must see to appreciate the quality. Convenient to everything, including grade "A" schools. You don't find houses in this shape very often. .. don't miss your opportunity to see it. .. it won't last long!

12. 2016-08-03
    soldstatus $155,546
13. 2011-11-02
    soldstatus $121,000
14. 2011-10-31
    soldstatus $121,000
15. 2011-09-07
    listed $134,500

ⓘ 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: $2,984 · $249/mo
• Projected year-2 tax: $3,444 · $287/mo
• Expected delta: +$461/yr (+$38/mo · 15.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 29 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,044
• − Mortgage interest: −$23,246
• − Property taxes: −$2,984
• − Insurance: −$2,075
• − Repairs & maintenance: −$3,204
• − Management: −$3,204
• − Depreciation: −$12,073
• Taxable loss: −$6,740
• Est. tax savings @ 24.0%: +$1,618
• After-tax cash flow: $2,079/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 — Lake Sarasota

• Score: 72/100
• State rank: #365
• US rank: #6453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Sarasota, FL
• County: Sarasota County · 448,376 people
• 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

+208.6% since first listed

15 events — show timeline

• 2026-05-26 Listed $415,000 Stellar MLS as Distributed by MLS Grid
• 2017-01-17 Sold (Public Records) $210,000 Public Records
• 2017-01-12 Sold (MLS) $210,000 Stellar MLS as Distributed by MLS Grid
• 2016-11-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-10-31 Listed $249,000 Stellar MLS as Distributed by MLS Grid
• 2016-10-26 Sold (Public Records) $238,000 Public Records
• 2016-10-21 Sold (MLS) $238,000 Stellar MLS as Distributed by MLS Grid
• 2016-10-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-10-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-10-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-09-30 Listed $249,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-03 Sold (Public Records) $155,546 Public Records
• 2011-11-02 Sold (Public Records) $121,000 Public Records
• 2011-10-31 Sold (MLS) $121,000 Stellar MLS as Distributed by MLS Grid
• 2011-09-07 Listed $134,500 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.0%/yr

Latest (2025): $2,984 · +3.9% YoY. Source: county tax records.