4712 Tahiti Dr · Bonita Springs, FL 34134

$278,000

2 bd · 2.0 ba · 1,144 sqft · Manufactured public records · 78 Days on market

Built 1984 7,187 sqft lot $102/mo HOA · 3% of rent

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Why this score? — see what drove the C+ 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 +26.0/30.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home is in a very convenient location to Bonita Beach, the back bay and new pass. Making this a great place for fisherman and beach goers. Just minute to the gulf by boat or car. This home is located in the rear corner of the community on a large corner lot. Featuring 2 family rooms and 2 lanai's, large formal living room and dining/kitchen. Master bedroom has 3 closets, one used for storage. Covered carport has access to a screened room which opens up to a garage for a small car, motorcycle or golf cart. Second driveway is graves open parking. Large lanai located on the west side of the home for great sunsets as well as a view of Spring Creek. Owner is leaving some furniture. Inventory list will be available upon executed contract. Call today for your private viewing of this large home on a large lot. Community allows for new 3 story homes per City of Bonita Springs rules with proper permitting. What a great piece of paradise waiting for you.

Key facts

• In-law wing
• Remolded bathroom
• Private entrance

Tags

• MULTI GENERATIONAL FLOOR PLAN
• IN-LAW WING
• PRIVATE ENTRANCE
• COVERED SIDE PARKING
• GREAT ROOM
• REMOLDED BATHROOM

Property features AI

Finance

• Other: Property is part of Spring Creek Village development; Zoning: MH-1; Lot unit: 333; Restrictions: Architectural and deeded
• Financial info: Special assessment: $72 monthly
• HOA & community: Mandatory HOA; Quarterly HOA fee of $305; Professional management; HOA covers legal/accounting, manager, and recreation facilities; Community amenities include clubhouse, community pool and spa, community boat dock and ramp, community gulf boat access, boat storage, fishing pier, fish cleaning station, bocce court, tennis, pickleball, shuffleboard, basketball, billiards, BBQ/picnic area, dog park, library and underground utilities; Community type: boating, mobile/manufactured, non-gated, tennis; Total annual recurring fees: $2,084; Total one-time fees: $288

Exterior

• Parking: 2+ parking spaces with paved driveway; Attached 2-space carport
• Security: Smoke detectors
• Utilities: Central water (assessment unpaid); Central sewer (assessment unpaid); Cable available; Electric service for heat/cooling
• Home design: Manufactured residential home; 1 story / ranch; Corner lot; Rear exposure faces north; Built in 1984
• Construction: Manufactured construction; Metal roof; Vinyl siding
• Exterior features: Extra building on property; Vinyl siding exterior; Single hung and sliding windows; Metal roof; Corner and oversize lot; Paved private road access; View of creek, mangroves and water

Interior

• Kitchen: Pantry; Breakfast bar; Formal dining area; Disposal; Microwave; Range; Refrigerator; Self-cleaning oven
• Bedrooms: 2 bedrooms; First-floor bedroom (master on ground); Split bedroom layout with two master suites
• Flooring: Laminate; Vinyl
• Bathrooms: 2 full bathrooms; 1 half bathroom; Master bath with shower only
• Heating & cooling: Central electric heat; Central electric cooling; Ceiling fans; Exhaust fan; Wall unit
• Interior features: Bar; Built-in cabinets; French doors; Laundry tub; Pantry; Smoke detectors; Walk-in closet; Window coverings; Den/Study; Family room; Florida room; Guest bath; Guest room; Screened lanai/porch; Workshop
• Laundry & utility: Washer and dryer included; Laundry tub

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $278k.

Deal economics

• At list price, monthly cash flow is $268 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $278k).
• Recommended offer: $261k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 1.7% in Bonita Springs — 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 70/100 on livability (#428 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: schools C-, cost of living C-, health & safety D.
• Lee (suburban): math 47% / reading 50% proficiency, ranked #42 of 73 in FL (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 699 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($261k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago; this cycle's ask has dropped $37k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $140k; list at $278k implies a 99% gain — meaningful room to come down on a strong offer.

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→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $261,319 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 1.14% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.71%
• DSCR: 1.48
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.85% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.64×
• Total profit: $-28,204
• Equity at exit: $41,451

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-3,531
• Equity at exit: $24,036

Cash invested: $77,840 (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 34134

• Rents YoY: 2.9%
• Active inventory: 699
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $3,180 medium
• Mortgage (P&I): −$1,458
• Tax from tax record: −$142 /mo · $1,699/yr
• Insurance: −$116
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$102
• Vacancy / Maint / Mgmt: −$668
• Net cashflow: $268

Break-even live

Break-even rent $2,840

Max offer price $278,000

Occupancy floor 87%

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: $69,500
• Closing costs: $8,340
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4709 Kon Tiki Ln Bonita Springs, FL	2.0	2.0	1475	$1,500	$1.02	24d	1	0.27mi
25130 Sandpiper Greens Ct #104 Bonita Springs, FL	2.0	2.0	1392	$6,500	$4.67	24d	1	0.46mi
4700 Leilani Ln Bonita Springs, FL	2.0	2.0	1380	$5,000	$3.62	24d	1	0.46mi
4161 Sawgrass Point Dr #101 Bonita Springs, FL	2.0	2.0	1445	$5,500	$3.81	21d	1	0.56mi
4161 Sawgrass Point Dr #101 Bonita Springs, FL	2.0	2.0	1445	$5,500	$3.81	24d	1	0.56mi
4200 Sawgrass Point Dr #101 Bonita Springs, FL	2.0	2.0	1445	$5,250	$3.63	24d	1	0.64mi
4201 Sawgrass Point Dr #102 Bonita Springs, FL	2.0	2.0	1319	$5,000	$3.79	24d	1	0.66mi
24821 Lakemont Cove Ln #101 Bonita Springs, FL	2.0	2.0	1203	$6,500	$5.40	24d	1	1.11mi
25248 Pelican Creek Cir #102 Bonita Springs, FL	3.0	2.0	1458	$7,000	$4.80	24d	1	1.20mi
3431 Pointe Creek Ct Bonita Springs, FL	2.0–3.0	2.0	1414	$2,365	$1.67	19d	2	1.49mi

HOA detail

• Monthly dues: $102 · $1,224/yr

Listing history 30 events

1. 2026-06-17
   days on market $278,000 Active 78 DOM
2. 2026-06-16
   days on market $278,000 Active 77 DOM
3. 2026-06-15
   days on market $278,000 Active 76 DOM
4. 2026-06-13
   days on market $278,000 Active 74 DOM
5. 2026-06-10
   days on market $278,000 Active 71 DOM
6. 2026-06-09
   days on market $278,000 Active 70 DOM
7. 2026-06-07
   days on market $278,000 Active 68 DOM
8. 2026-06-03
   days on market $278,000 Active 64 DOM
9. 2026-06-02
   days on market $278,000 Active 63 DOM
10. 2026-06-01
    days on market $278,000 Active 62 DOM
11. 2026-06-01
    days on market $278,000 Active 61 DOM
12. 2026-05-15
    price $278,000
13. 2026-05-03
    price $299,000
14. 2026-03-31
    listed $315,000 Active
15. 2017-01-13
    historical
16. 2017-01-09
    price $140,000 957-char remark

    Show marketing remark (957 chars)

    Home is in a very convenient location to Bonita Beach, the back bay and new pass. Making this a great place for fisherman and beach goers. Just minute to the gulf by boat or car. This home is located in the rear corner of the community on a large corner lot. Featuring 2 family rooms and 2 lanai's, large formal living room and dining/kitchen. Master bedroom has 3 closets, one used for storage. Covered carport has access to a screened room which opens up to a garage for a small car, motorcycle or golf cart. Second driveway is graves open parking. Large lanai located on the west side of the home for great sunsets as well as a view of Spring Creek. Owner is leaving some furniture. Inventory list will be available upon executed contract. Call today for your private viewing of this large home on a large lot. Community allows for new 3 story homes per City of Bonita Springs rules with proper permitting. What a great piece of paradise waiting for you.

17. 2017-01-06
    soldstatus $140,000 Sold 957-char remark

    Show marketing remark (957 chars)

    Home is in a very convenient location to Bonita Beach, the back bay and new pass. Making this a great place for fisherman and beach goers. Just minute to the gulf by boat or car. This home is located in the rear corner of the community on a large corner lot. Featuring 2 family rooms and 2 lanai's, large formal living room and dining/kitchen. Master bedroom has 3 closets, one used for storage. Covered carport has access to a screened room which opens up to a garage for a small car, motorcycle or golf cart. Second driveway is graves open parking. Large lanai located on the west side of the home for great sunsets as well as a view of Spring Creek. Owner is leaving some furniture. Inventory list will be available upon executed contract. Call today for your private viewing of this large home on a large lot. Community allows for new 3 story homes per City of Bonita Springs rules with proper permitting. What a great piece of paradise waiting for you.

18. 2017-01-06
    soldstatus $140,000

    Show marketing remark (957 chars)

    Home is in a very convenient location to Bonita Beach, the back bay and new pass. Making this a great place for fisherman and beach goers. Just minute to the gulf by boat or car. This home is located in the rear corner of the community on a large corner lot. Featuring 2 family rooms and 2 lanai's, large formal living room and dining/kitchen. Master bedroom has 3 closets, one used for storage. Covered carport has access to a screened room which opens up to a garage for a small car, motorcycle or golf cart. Second driveway is graves open parking. Large lanai located on the west side of the home for great sunsets as well as a view of Spring Creek. Owner is leaving some furniture. Inventory list will be available upon executed contract. Call today for your private viewing of this large home on a large lot. Community allows for new 3 story homes per City of Bonita Springs rules with proper permitting. What a great piece of paradise waiting for you.

19. 2017-01-03
    price $158,500 957-char remark

    Show marketing remark (957 chars)

    Home is in a very convenient location to Bonita Beach, the back bay and new pass. Making this a great place for fisherman and beach goers. Just minute to the gulf by boat or car. This home is located in the rear corner of the community on a large corner lot. Featuring 2 family rooms and 2 lanai's, large formal living room and dining/kitchen. Master bedroom has 3 closets, one used for storage. Covered carport has access to a screened room which opens up to a garage for a small car, motorcycle or golf cart. Second driveway is graves open parking. Large lanai located on the west side of the home for great sunsets as well as a view of Spring Creek. Owner is leaving some furniture. Inventory list will be available upon executed contract. Call today for your private viewing of this large home on a large lot. Community allows for new 3 story homes per City of Bonita Springs rules with proper permitting. What a great piece of paradise waiting for you.

20. 2016-12-18
    status Pending 957-char remark

    Show marketing remark (957 chars)

    Home is in a very convenient location to Bonita Beach, the back bay and new pass. Making this a great place for fisherman and beach goers. Just minute to the gulf by boat or car. This home is located in the rear corner of the community on a large corner lot. Featuring 2 family rooms and 2 lanai's, large formal living room and dining/kitchen. Master bedroom has 3 closets, one used for storage. Covered carport has access to a screened room which opens up to a garage for a small car, motorcycle or golf cart. Second driveway is graves open parking. Large lanai located on the west side of the home for great sunsets as well as a view of Spring Creek. Owner is leaving some furniture. Inventory list will be available upon executed contract. Call today for your private viewing of this large home on a large lot. Community allows for new 3 story homes per City of Bonita Springs rules with proper permitting. What a great piece of paradise waiting for you.

21. 2016-12-15
    listed $158,500 Active 957-char remark

    Show marketing remark (957 chars)

    Home is in a very convenient location to Bonita Beach, the back bay and new pass. Making this a great place for fisherman and beach goers. Just minute to the gulf by boat or car. This home is located in the rear corner of the community on a large corner lot. Featuring 2 family rooms and 2 lanai's, large formal living room and dining/kitchen. Master bedroom has 3 closets, one used for storage. Covered carport has access to a screened room which opens up to a garage for a small car, motorcycle or golf cart. Second driveway is graves open parking. Large lanai located on the west side of the home for great sunsets as well as a view of Spring Creek. Owner is leaving some furniture. Inventory list will be available upon executed contract. Call today for your private viewing of this large home on a large lot. Community allows for new 3 story homes per City of Bonita Springs rules with proper permitting. What a great piece of paradise waiting for you.

22. 2016-12-12
    historical
23. 2016-12-12
    historical
24. 2016-11-03
    listed $156,500
25. 2016-09-12
    listed $157,000
26. 2016-08-29
    price $156,500
27. 2016-08-26
    listed $157,000 Active
28. 2014-02-24
    historical
29. 2013-09-03
    listed $158,500
30. 1994-12-08
    soldstatus $75,000

ⓘ 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: $1,699 · $142/mo
• Projected year-2 tax: $2,307 · $192/mo
• Expected delta: +$609/yr (+$51/mo · 35.8%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $38,156
• − Mortgage interest: −$15,572
• − Property taxes: −$1,699
• − Insurance: −$6,508
• − Repairs & maintenance: −$3,052
• − Management: −$3,052
• − HOA: −$1,224
• − Depreciation: −$8,087
• Taxable loss: −$1,040
• Est. tax savings @ 24.0%: +$250
• After-tax cash flow: $3,467/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: Lee
• NCES district ID: 1201080
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $49,518
• Composite: 41.49/100
• National rank: #3458
• State rank: #42 of 73 in FL

Livability — Bonita Springs

• Score: 70/100
• State rank: #428
• US rank: #7576

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bonita Springs, FL
• County: Lee County · 788,662 people
• City population: 64,727
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 16,475
• Household income: $130,719
• Rent vs Own: 17.8% rent · 82.2% own
• Severe rent burden: 554.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 871,946 people
• By 2030: 955,468 · +9.6%
• By 2040: 1,113,587 · +27.7%
• By 2050: 1,256,891 · +44.1%
• By 2075: 1,560,270 · +78.9%
• By 2100: 1,726,848 · +98.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 3% Asian 1%
• Common ancestry: Slovak 5% Romanian 4% Serbian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 4% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+28.4) · D 35.5% · R 63.9%
• 2008→2024 swing: -18.0pp toward R · 2008: -10.4pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+19.2 2016: R+20.4 2012: R+16.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -236.48%
• Current HPI: 237.4416
• Rent YoY: ▲ 2.85%
• Metro: Cape Coral-Fort Myers, 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

+270.7% since first listed

19 events — show timeline

• 2026-05-15 Price Changed $278,000 BEARMLS
• 2026-05-03 Price Changed $299,000 BEARMLS
• 2026-03-31 Listed $315,000 BEARMLS
• 2017-01-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-01-09 Price Changed $140,000 NAPLESMLS
• 2017-01-06 Sold (Public Records) $140,000 Public Records
• 2017-01-06 Sold (MLS) $140,000 NAPLESMLS
• 2017-01-03 Price Changed $158,500 NAPLESMLS
• 2016-12-18 Pending — NAPLESMLS
• 2016-12-15 Listed $158,500 NAPLESMLS
• 2016-12-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-12-12 Listing Removed — FORTMLS
• 2016-11-03 Listed $156,500 Stellar MLS as Distributed by MLS Grid
• 2016-09-12 Listed $157,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-29 Price Changed $156,500 FORTMLS
• 2016-08-26 Listed $157,000 FORTMLS
• 2014-02-24 Listing Removed — NAPLESMLS
• 2013-09-03 Listed $158,500 NAPLESMLS
• 1994-12-08 Sold (Public Records) $75,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $1,699 · +5.3% YoY. Source: county tax records.