10 Quails Run Blvd #1 · Englewood, FL 34223

$129,000

2 bd · 2.0 ba · 921 sqft · Condo public records · 258 Days on market

Built 1979 $140/sqft · 41% below area Est $218k · 41% under $600/mo HOA · 23% of rent

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.4/10.0
• Rent growth +4.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this BEAUTIFULLY updated 2 BED, 2 FULL BATH, GROUND FLOOR condo in the PET FRIENDLY, QUIET, 55+ community of Quails Run! The historic beach town of Englewood Florida is 1.4 miles to the quaint downtown district on Lemon Bay and 2.8 miles from Englewood Beach on MANASOTA KEY! Make a day trip to The SHARK TOOTH CAPITAL OF THE WORLD at Venice Beach in UNDER 30 MINUTES! This beautiful condo feels like home the moment you enter the door. The floor plan has an EXPANSIVE FEEL and is IMMERSED WITH NATURAL LIGHT throughout. You and your guests will enjoy the privacy of 2 full baths, getting you to the beach faster! Enjoy your morning coffee or evening beverage from your 21x6 ft LANAI with a peaceful WATER VIEW and LUSH FLORIDA LANDSCAPING. Your Mailbox, Extra Storage Space, and FREE laundry facilities are just steps away for your convenience. The community amenities include a heated swimming pool, clubhouse, shuffleboard courts, and planned social activities such as DOLPHIN BOAT TOURS! Easy to budget when your HOA COVERS CABLE, SEWER, WATER, EXTERIOR MAINTENANCE, PEST CONTROL AND LANDSCAPING. Located just minutes from local shops, restaurants, boat ramps, golf courses, and MLB spring training parks, this condo is perfect! Where else can you live this close to the beach AT THIS PRICE?! Hard to beat! Call today before someone else snatches it up!

Key facts

• Shuffleboard courts
• Ground floor condo
• Water view

Tags

• GROUND FLOOR CONDO
• PET FRIENDLY COMMUNITY
• WATER VIEW
• LUSH FLORIDA LANDSCAPING
• HEATED SWIMMING POOL
• SHUFFLEBOARD COURTS

🏷️ Possibly a rental listed for sale. The $129,000 price doesn't fit this home's estimated sale value (~$217,921) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $129k.

Deal economics

• At list price, monthly cash flow is $94 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 3.8% in Englewood — 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 73/100 on livability (#321 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, health & safety A; Watch: employment C-, 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.
• Market conditions: Rents rising fast (+9.0%/yr); 717 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 40% of the median local income ($76k/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 $892 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 258 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $21k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 23% of rent.
• 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 $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 258 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 1.98% ✓
• Cap rate: 11.14%
• Cash-on-cash: 17.31%
• DSCR: 1.77
• GRM: 4.2

CMA / ARV

• ARV (median comp): $217,921
• List price: $129,000
• Delta: -40.80%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -0.5%
• Equity multiple: 0.98×
• Total profit: $-703
• Equity at exit: $19,234

10-year hold

• IRR: 16.9%
• Equity multiple: 2.98×
• Total profit: $71,355
• Equity at exit: $11,154

Cash invested: $36,120 (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 34223

• Home prices YoY: -34.2%
• Rents YoY: 9.0%
• Active inventory: 717
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $2,556 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$168 /mo · $2,016/yr
• Insurance: −$54
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$600
• Vacancy / Maint / Mgmt: −$537
• Net cashflow: $94

Break-even live

Break-even rent $2,436

Max offer price $129,000

Occupancy floor 91%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1210 S Maryknoll Rd Englewood, FL	2.0	2.0	1063	$2,600	$2.45	21d	1	1.17mi
1401 S McCall Rd Unit 301A Englewood, FL	2.0	2.0	1093	$3,300	$3.02	21d	1	1.26mi

HOA detail condo

• Monthly dues: $600 · $7,200/yr
• Likely covers: watersewercablelandscapingexterior maint.pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $129,000 Active 258 DOM
2. 2026-06-17
   days on market $129,000 Active 257 DOM
3. 2026-06-15
   days on market $129,000 Active 255 DOM
4. 2026-06-13
   days on market $129,000 Active 253 DOM
5. 2026-06-13
   days on market $129,000 Active 252 DOM
6. 2026-06-10
   days on market $129,000 Active 250 DOM
7. 2026-06-09
   days on market $129,000 Active 249 DOM
8. 2026-06-08
   days on market $129,000 Active 247 DOM
9. 2026-06-05
   days on market $129,000 Active 244 DOM
10. 2026-06-03
    days on market $129,000 Active 243 DOM
11. 2026-06-02
    days on market $129,000 Active 242 DOM
12. 2026-06-01
    days on market $129,000 Active 241 DOM
13. 2026-05-31
    days on market $129,000 Active 240 DOM
14. 2026-05-07
    price $129,000 1374-char remark

    Show marketing remark (1374 chars)

    Welcome to this BEAUTIFULLY updated 2 BED, 2 FULL BATH, GROUND FLOOR condo in the PET FRIENDLY, QUIET, 55+ community of Quails Run! The historic beach town of Englewood Florida is 1.4 miles to the quaint downtown district on Lemon Bay and 2.8 miles from Englewood Beach on MANASOTA KEY! Make a day trip to The SHARK TOOTH CAPITAL OF THE WORLD at Venice Beach in UNDER 30 MINUTES! This beautiful condo feels like home the moment you enter the door. The floor plan has an EXPANSIVE FEEL and is IMMERSED WITH NATURAL LIGHT throughout. You and your guests will enjoy the privacy of 2 full baths, getting you to the beach faster! Enjoy your morning coffee or evening beverage from your 21x6 ft LANAI with a peaceful WATER VIEW and LUSH FLORIDA LANDSCAPING. Your Mailbox, Extra Storage Space, and FREE laundry facilities are just steps away for your convenience. The community amenities include a heated swimming pool, clubhouse, shuffleboard courts, and planned social activities such as DOLPHIN BOAT TOURS! Easy to budget when your HOA COVERS CABLE, SEWER, WATER, EXTERIOR MAINTENANCE, PEST CONTROL AND LANDSCAPING. Located just minutes from local shops, restaurants, boat ramps, golf courses, and MLB spring training parks, this condo is perfect! Where else can you live this close to the beach AT THIS PRICE?! Hard to beat! Call today before someone else snatches it up!

15. 2026-02-14
    price $139,999 1374-char remark

    Show marketing remark (1374 chars)

    Welcome to this BEAUTIFULLY updated 2 BED, 2 FULL BATH, GROUND FLOOR condo in the PET FRIENDLY, QUIET, 55+ community of Quails Run! The historic beach town of Englewood Florida is 1.4 miles to the quaint downtown district on Lemon Bay and 2.8 miles from Englewood Beach on MANASOTA KEY! Make a day trip to The SHARK TOOTH CAPITAL OF THE WORLD at Venice Beach in UNDER 30 MINUTES! This beautiful condo feels like home the moment you enter the door. The floor plan has an EXPANSIVE FEEL and is IMMERSED WITH NATURAL LIGHT throughout. You and your guests will enjoy the privacy of 2 full baths, getting you to the beach faster! Enjoy your morning coffee or evening beverage from your 21x6 ft LANAI with a peaceful WATER VIEW and LUSH FLORIDA LANDSCAPING. Your Mailbox, Extra Storage Space, and FREE laundry facilities are just steps away for your convenience. The community amenities include a heated swimming pool, clubhouse, shuffleboard courts, and planned social activities such as DOLPHIN BOAT TOURS! Easy to budget when your HOA COVERS CABLE, SEWER, WATER, EXTERIOR MAINTENANCE, PEST CONTROL AND LANDSCAPING. Located just minutes from local shops, restaurants, boat ramps, golf courses, and MLB spring training parks, this condo is perfect! Where else can you live this close to the beach AT THIS PRICE?! Hard to beat! Call today before someone else snatches it up!

16. 2025-10-03
    listed $150,000 Active 1374-char remark

    Show marketing remark (1374 chars)

    Welcome to this BEAUTIFULLY updated 2 BED, 2 FULL BATH, GROUND FLOOR condo in the PET FRIENDLY, QUIET, 55+ community of Quails Run! The historic beach town of Englewood Florida is 1.4 miles to the quaint downtown district on Lemon Bay and 2.8 miles from Englewood Beach on MANASOTA KEY! Make a day trip to The SHARK TOOTH CAPITAL OF THE WORLD at Venice Beach in UNDER 30 MINUTES! This beautiful condo feels like home the moment you enter the door. The floor plan has an EXPANSIVE FEEL and is IMMERSED WITH NATURAL LIGHT throughout. You and your guests will enjoy the privacy of 2 full baths, getting you to the beach faster! Enjoy your morning coffee or evening beverage from your 21x6 ft LANAI with a peaceful WATER VIEW and LUSH FLORIDA LANDSCAPING. Your Mailbox, Extra Storage Space, and FREE laundry facilities are just steps away for your convenience. The community amenities include a heated swimming pool, clubhouse, shuffleboard courts, and planned social activities such as DOLPHIN BOAT TOURS! Easy to budget when your HOA COVERS CABLE, SEWER, WATER, EXTERIOR MAINTENANCE, PEST CONTROL AND LANDSCAPING. Located just minutes from local shops, restaurants, boat ramps, golf courses, and MLB spring training parks, this condo is perfect! Where else can you live this close to the beach AT THIS PRICE?! Hard to beat! Call today before someone else snatches it up!

17. 2024-09-30
    historical
18. 2024-06-20
    price $199,900
19. 2024-03-18
    price $205,000
20. 2024-01-03
    price $209,900
21. 2023-09-12
    listed $220,000 Active
22. 2003-05-29
    soldstatus $90,000
23. 2001-12-18
    soldstatus $61,500

ⓘ 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: $2,016 · $168/mo
• Projected year-2 tax: $2,016 · $168/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 74% 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,673
• − Mortgage interest: −$7,226
• − Property taxes: −$2,016
• − Insurance: −$5,764
• − Repairs & maintenance: −$2,454
• − Management: −$2,454
• − HOA: −$7,200
• − Depreciation: −$3,753
• Taxable loss: −$193
• Est. tax savings @ 24.0%: +$46
• After-tax cash flow: $1,180/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 — Englewood

• Score: 73/100
• State rank: #321
• US rank: #5655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, FL
• County: Sarasota County · 448,376 people
• City population: 35,420
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 19,884
• Household income: $76,016
• Rent vs Own: 12.5% rent · 87.5% own
• Severe rent burden: 290.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Asian 1%
• Common ancestry: Romanian 7% Lithuanian 4% Iranian 2%
• Foreign-born: 9% · Canada
• Languages at home: 94% English-only · German/W. Germanic 2% Spanish 1% Other Indo-European 1%

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: ▼ -146.26%
• Current HPI: 281.0529
• Rent YoY: ▲ 9.02%
• 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

+109.8% since first listed

10 events — show timeline

• 2026-05-07 Price Changed $129,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-14 Price Changed $139,999 Stellar MLS as Distributed by MLS Grid
• 2025-10-03 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-06-20 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2024-03-18 Price Changed $205,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-03 Price Changed $209,900 Stellar MLS as Distributed by MLS Grid
• 2023-09-12 Listed $220,000 Stellar MLS as Distributed by MLS Grid
• 2003-05-29 Sold (Public Records) $90,000 Public Records
• 2001-12-18 Sold (Public Records) $61,500 Public Records

Property tax history

+4.9%/yr

Latest (2025): $2,016 · -4.8% YoY. Source: county tax records.