299 Australian Dr · Rotonda, FL 33947

$380,000

3 bd · 2.0 ba · 1,501 sqft · Land · 360 Days on market

Built 2025 9,053 sqft lot $10/mo HOA

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Appreciation +5.6/10.0
• Cash flow +5.5/30.0
• Schools +4.6/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• 1% rule +1.1/10.0
• DSCR +0.0/10.0

Listing remarks

Discover modern coastal living in this BRAND NEW-MOVE IN READY 3-bedroom, 2-bath home located at 299 Australian Drive in the sought-after Rotonda Lakes community. This beautifully designed residence offers almost 10 foot ceilings, durable tile flooring throughout, an open-concept layout filled with natural light and IMPACT WINDOWS. The gourmet kitchen features premium cabinetry, stone countertops, stainless steel appliances, and a spacious island. The owner’s suite includes a luxurious en-suite bath with dual vanities and a walk-in shower and luxurious tub, while two additional bedrooms provide flexible living options. Situated on an oversized lot with plenty of room to add a pool or

Key facts

• Spacious island
• Stone countertops
• Gourmet kitchen

Tags

• IMPACT WINDOWS
• GOURMET KITCHEN
• PREMIUM CABINETRY
• STONE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• SPACIOUS ISLAND

Property features AI

Finance

• Other: Property type: Residential (Single Family Residence); Zoning: RSF5; Lot approximately 0.21 acres (0 to less than 1/4 acre)
• HOA & community: HOA required — $127 annually (about $10.58/month); Pets allowed

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Sewer connected
• Home design: Single-family residence; New construction; One story; Northwest facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built as completed (new construction)
• Exterior features: Rear porch; Private mailbox; Rain gutters; Sliding doors; Irrigation equipment; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; High ceilings; Kitchen/family room combo; Open floorplan; Stone counters; Tray ceilings; Walk-in closets
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $380k.

Deal economics

• At list price, monthly cash flow is $-871 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (33.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (39.0% below list).
• Recommended offer: $232k (39.0% below list) — sets the bar for 1% rule.
• Cap rate 3.8% vs local median 3.1% in Rotonda — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 67/100 on livability (#548 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A-, cost of living B+; Watch: amenities F, commute F, health & safety D-.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Myakka River Elementary School (math 65% / reading 60%, grade B, #601 of 2,144 statewide, top 28%, 608 students, 51% FRL); Lemon Bay High School (math 50% / reading 56%, grade C-, #148 of 667 statewide, top 23%, 1,360 students, 28% FRL).
• Market conditions: Rents soft (-0.2%/yr); 863 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($3k loan paydown + $5k appreciation (1.2% local appreciation)).
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 360 days — a 12% lower offer ($334k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y ago; this cycle's ask is 17173% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $24k; list at $380k implies a 1483% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $231,800 (39.0% 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 360 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.61% ✗
• Cap rate: 3.75%
• Cash-on-cash: -9.08%
• DSCR: 0.60
• GRM: 13.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.25% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.4%
• Equity multiple: 0.53×
• Total profit: $-50,431
• Equity at exit: $134,694

10-year hold

• IRR: -5.0%
• Equity multiple: 0.40×
• Total profit: $-64,124
• Equity at exit: $182,901

Cash invested: $106,400 (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 33947

• Home prices YoY: 0.4%
• Rents YoY: -0.2%
• Active inventory: 863
• Price-to-rent: 13.7×

Monthly cashflow live

• Estimated rent: $2,318 high
• Mortgage (P&I): −$1,993
• Tax est. 1.5%: −$475 /mo · $5,700/yr
• Insurance: −$158
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$10
• Vacancy / Maint / Mgmt: −$487
• Net cashflow: $-871

Break-even live

Break-even rent $3,421

Max offer price $253,917

Occupancy floor —

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: $95,000
• Closing costs: $11,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Boxwood Ln Rotonda West, FL	3.0	2.0	1647	$1,775	$1.08	13d	1	0.18mi
289 Antis Dr Rotonda West, FL	3.0	2.0	1648	$2,150	$1.30	20d	1	0.21mi
108 Crevalle Rd Rotonda West, FL	3.0	2.0	1946	$3,000	$1.54	20d	1	0.37mi
48 Par View Ct Rotonda West, FL	3.0	2.0	2000	$3,500	$1.75	20d	1	0.47mi
9550 Fiddlers Green Cir #105 Rotonda West, FL	2.0	2.0	1230	$2,900	$2.36	20d	1	0.50mi
138 Jade St Rotonda West, FL	3.0	2.0	1564	$1,869	$1.20	20d	1	0.72mi
72 Long Meadow Ct Rotonda West, FL	3.0	2.0	1570	$5,200	$3.31	20d	1	0.79mi
9251 Agate St Port Charlotte, FL	3.0	2.0	1237	$1,565	$1.27	20d	1	0.80mi
9195 Agate St Port Charlotte, FL	3.0	2.0	1200	$1,650	$1.38	13d	1	0.81mi
9317 Agate St Unit 9317 Port Charlotte, FL	3.0	2.0	1379	$1,747	$1.27	20d	1	0.83mi
9163 Agate St Unit 9163 Port Charlotte, FL	3.0	2.0	1379	$1,747	$1.27	20d	1	0.83mi
9163 Agate St Unit 9165 Port Charlotte, FL	3.0	2.0	1379	$1,697	$1.23	20d	1	0.83mi
9156 Agate St Unit 9156 Port Charlotte, FL	3.0	2.0	1379	$1,747	$1.27	20d	1	0.87mi
9116 Agate St #9118 Port Charlotte, FL	3.0	2.0	1429	$1,750	$1.22	20d	1	0.90mi
72 Long Meadow Ln Rotonda West, FL	3.0	2.0	1945	$1,920	$0.99	13d	1	0.91mi
203 Wright Dr Rotonda West, FL	4.0	3.0	2092	$2,400	$1.15	20d	1	0.91mi
9400 Agate St Pt Charlotte, FL	3.0	2.0	1429	$1,795	$1.26	20d	1	0.94mi
9425 Agate St Unit 9425 Port Charlotte, FL	3.0	2.0	1379	$1,700	$1.23	20d	1	0.94mi
358 Albatross Rd Rotonda West, FL	4.0	2.0	1664	$2,100	$1.26	20d	1	0.95mi
13180 Amaryllis Cir Port Charlotte, FL	3.0	2.0	1704	$2,950	$1.73	13d	1	0.96mi
135 David Blvd Rotonda West, FL	3.0	2.0	1880	$2,695	$1.43	13d	1	1.06mi
8519 Agate St Unit 8521 Port Charlotte, FL	3.0	2.0	1379	$1,697	$1.23	20d	1	1.07mi
431 Albatross Rd Rotonda West, FL	2.0	2.0	1857	$4,800	$2.58	20d	1	1.08mi
10026 Cocoa Beach St Unit 10026 Port Charlotte, FL	3.0	2.0	1677	$1,650	$0.98	13d	1	1.10mi
8479 Agate St Port Charlotte, FL	3.0	2.0	1379	$2,495	$1.81	20d	1	1.12mi
123 Marker Rd Rotonda West, FL	3.0	2.0	2006	$2,400	$1.20	13d	1	1.15mi
10037 Amicola St Port Charlotte, FL	3.0	2.0	1300	$1,650	$1.27	20d	1	1.18mi
10045 Amicola St Port Charlotte, FL	3.0	2.0	1162	$1,650	$1.42	20d	1	1.19mi
10047 Amicola St Port Charlotte, FL	3.0	2.0	1162	$1,650	$1.42	20d	1	1.20mi
127 White Marsh Ln Rotonda West, FL	3.0	2.0	2216	$2,700	$1.22	20d	1	1.20mi
155 Long Meadow Ln Rotonda West, FL	3.0	2.0	1598	$4,500	$2.82	20d	1	1.22mi
13376 Yager Ln Port Charlotte, FL	3.0	2.0	2002	$3,500	$1.75	13d	1	1.22mi
10087 Amicola St Port Charlotte, FL	3.0	2.0	1162	$1,650	$1.42	20d	1	1.26mi
8373 Agate St Unit 8375 Port Charlotte, FL	3.0	2.0	1379	$1,747	$1.27	20d	1	1.27mi
12114 Clarendon Ave Port Charlotte, FL	3.0	2.0	1270	$2,400	$1.89	20d	1	1.27mi
10070 Flat River St Port Charlotte, FL	4.0	3.0	1904	$2,400	$1.26	20d	1	1.29mi
10125 Amicola St Unit 10127 Port Charlotte, FL	3.0	2.0	1429	$1,697	$1.19	20d	1	1.32mi
12 Broadmoor Rd Unit 1 Rotonda West, FL	3.0	2.0	2065	$3,500	$1.69	20d	1	1.33mi
20 Coxswain Dr Placida, FL	4.0	2.0	1700	$2,495	$1.47	20d	1	1.36mi
8249 Dimstead St Port Charlotte, FL	3.0	2.0	1202	$1,675	$1.39	20d	1	1.40mi

HOA detail

• Monthly dues: $10 · $120/yr
• Likely covers: pool

Listing history 33 events

1. 2026-06-18
   days on market $380,000 Active 360 DOM
2. 2026-06-17
   days on market $380,000 Active 359 DOM
3. 2026-06-16
   days on market $380,000 Active 358 DOM
4. 2026-06-15
   days on market $380,000 Active 357 DOM
5. 2026-06-14
   days on market $380,000 Active 355 DOM
6. 2026-06-13
   days on market $380,000 Active 354 DOM
7. 2026-06-10
   days on market $380,000 Active 352 DOM
8. 2026-06-09
   days on market $380,000 Active 351 DOM
9. 2026-06-08
   days on market $380,000 Active 350 DOM
10. 2026-06-05
    days on market $380,000 Active 346 DOM
11. 2026-06-02
    days on market $380,000 Active 344 DOM
12. 2026-06-01
    days on market $380,000 Active 343 DOM
13. 2026-05-31
    days on market $380,000 Active 342 DOM
14. 2026-05-30
    days on market $380,000 Active 341 DOM
15. 2026-02-03
    price $380,000
16. 2026-01-03
    price $393,000
17. 2025-12-18
    historical $2,095
18. 2025-08-20
    price $399,000
19. 2025-08-14
    price $2,095
20. 2025-07-24
    listed $2,200
21. 2025-06-23
    listed $415,000 Active
22. 2025-06-23
    historical
23. 2025-04-03
    listed $425,000 Active
24. 2024-01-10
    soldstatus $24,000
25. 2023-11-22
    historical
26. 2023-11-21
    price $19,900
27. 2023-11-21
    price $20,900
28. 2023-11-18
    listed $21,900 Active
29. 2012-09-04
    soldstatus $12,900
30. 2012-08-01
    soldstatus $5,000
31. 2012-07-31
    soldstatus $5,000
32. 2012-07-21
    listed $6,000
33. 2006-01-18
    listed $74,900

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 98% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,816
• − Mortgage interest: −$21,286
• − Property taxes: −$5,700
• − Insurance: −$2,698
• − Repairs & maintenance: −$2,225
• − Management: −$2,225
• − HOA: −$120
• − Depreciation: −$11,055
• Taxable loss: −$17,493
• Est. tax savings @ 24.0%: +$4,198
• After-tax cash flow: $-6,258/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 of 73 in FL

Livability — Rotonda

• Score: 67/100
• State rank: #548
• US rank: #10359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Charlotte County · 196,994 people
• City population: 10,490
• Metro: Punta Gorda, FL
• Population (ZIP): 10,447
• Household income: $80,091
• Rent vs Own: 14.0% rent · 86.0% own
• Severe rent burden: 91.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Romanian 5% Lithuanian 4% Slovak 4%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 93% English-only · Russian/Polish/Slavic 3% Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.25%
• Current HPI: 311.3231
• Rent YoY: ▼ -0.22%
• Metro: Punta Gorda, 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

+407.3% since first listed

19 events — show timeline

• 2026-02-03 Price Changed $380,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-03 Price Changed $393,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-18 Rental Removed $2,095 STELLARMLS
• 2025-08-20 Price Changed $399,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-14 Price Changed $2,095 STELLARMLS
• 2025-07-24 Listed for Rent $2,200 STELLARMLS
• 2025-06-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-23 Listed $415,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-03 Listed $425,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-10 Sold (Public Records) $24,000 Public Records
• 2023-11-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-11-21 Price Changed $19,900 Stellar MLS as Distributed by MLS Grid
• 2023-11-21 Price Changed $20,900 Stellar MLS as Distributed by MLS Grid
• 2023-11-18 Listed $21,900 Stellar MLS as Distributed by MLS Grid
• 2012-09-04 Sold (Public Records) $12,900 Public Records
• 2012-08-01 Sold (Public Records) $5,000 Public Records
• 2012-07-31 Sold (MLS) $5,000 Stellar MLS as Distributed by MLS Grid
• 2012-07-21 Listed $6,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-18 Listed $74,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.8%/yr

Latest (2025): $549 · +0.8% YoY. Source: county tax records.