203 High Point Dr Unit 203B · Englewood, FL 34223

$157,000

2 bd · 1.0 ba · 754 sqft · Condo public records · 74 Days on market

Built 1980 $208/sqft · 58% below area $744/mo HOA · 29% of rent ↓ 10% since listing

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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 +22.3/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 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

Quiet and quaint best describes this villa/duplex located in the peaceful community of High Point. With just 44 residents, this charming, turnkey-furnished 2-bedroom, 2-bath villa/duplex offers the perfect blend of comfort, style, and convenience. Beautifully maintained and thoughtfully updated, this home is truly move-in ready. Step inside to a light-filled living room featuring rich bamboo flooring and elegant window treatments on newer (2022) windows—creating a warm and inviting space ideal for both relaxing and entertaining. The kitchen is designed with the home chef in mind, offering ample granite counter space, a double sink, and a convenient pass-through window to the enclosed lanai. Both bedrooms are tastefully appointed with vinyl plank flooring and ceiling fans, while the dining area seamlessly connects the kitchen and living room, with sliding doors leading to the lanai. The enclosed lanai, complete with easy-open screens, provides a tranquil retreat overlooking your private backyard—perfect for morning coffee, afternoon reading, or simply enjoying the Florida lifestyle. Outdoors, a spacious brick paver patio offers additional room for grilling, hobbies, or soaking up the sunshine. The home also features ample interior storage and a single-car garage that includes a second bathroom (was not permitted) with commode, shower, washer and dryer, and shelving. All furnishings are included (with minimal exclusions), making this an effortless move-in opportunity. Residents enjoy a short distance to the heated community pool, as well as convenient access to guest parking and community mailboxes. Ideally located near shopping, dining, golf courses, public boat ramps, and world-class fishing and boating, this home also places you just minutes from beautiful Gulf beaches and the charm of Historic Dearborn Street, featuring Pioneer Park, a popular farmers market, local shops, restaurants, and live entertainment. Quarterly dues cover lawn mowing, full exterior maintenance (including roof), exterior and interior building insurance (excluding contents), basic cable, and access to the community pool. High Point is deed-restricted, locally managed, and has no age restrictions. Two pets are welcome (see rules and regulations for details). Offering a peaceful setting with easy access to everything the area has to offer, this delightful home is the perfect full-time residence, seasonal retreat, or investment opportunity. Schedule your private showing today—this one is a must-see and won't last long!

Key facts

• $744 HOA
• Garage
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $157k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $157k).
• Recommended offer: $148k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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.
• Zoned schools: Englewood Elementary School (math 65% / reading 66%, grade B+, #500 of 2,144 statewide, top 24%, 587 students, 52% FRL).
• Market conditions: Rents rising fast (+9.0%/yr); 723 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 41% 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 $1k of loan paydown is wiped out by about $5k 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 $44k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 21y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: moderate flood risk; 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 $147,580 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 6% 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. 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?
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. 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?
7. 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.
8. 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.
9. 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: 1.66% ✓
• Cap rate: 8.26%
• Cash-on-cash: 7.03%
• DSCR: 1.31
• GRM: 5.0

CMA / ARV

• ARV (median comp): $375,530
• List price: $157,000
• Delta: -58.19%
• Verdict: UNDERPRICED
• Comps: 9 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 2.9%
• Equity multiple: 1.12×
• Total profit: $5,242
• Equity at exit: $23,409

10-year hold

• IRR: 18.4%
• Equity multiple: 3.06×
• Total profit: $90,429
• Equity at exit: $13,574

Cash invested: $43,960 (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: 723
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,610 high
• Mortgage (P&I): −$823
• Tax from tax record: −$172 /mo · $2,060/yr
• Insurance: −$65
• HOA: −$744
• Vacancy / Maint / Mgmt: −$548
• Net cashflow: $258

Break-even live

Break-even rent $2,284

Max offer price $157,000

Occupancy floor 85%

Sensitivity live

Price	-10% $346	-5% $302	+0% $258	+5% $213	+10% $169
Rent	-10% $51	-5% $154	+0% $258	+5% $361	+10% $464
Rate	-1.0pp $337	-0.5pp $298	base $258	+0.5pp $217	+1.0pp $176

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: $39,250
• Closing costs: $4,710
• Reserves months: —
• Total cash needed: —

Rent comps 7 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	22d	1	0.76mi
1401 S McCall Rd Unit 301A Englewood, FL	2.0	2.0	1093	$3,300	$3.02	22d	1	0.85mi
1435 New Point Comfort Rd Unit B Englewood, FL	1.0	1.0	744	$1,520	$2.04	22d	1	1.10mi
1531 Placida Rd #204 Englewood, FL	2.0	2.0	1056	$3,500	$3.31	22d	1	1.39mi
1531 Placida Rd #203 Englewood, FL	2.0	2.0	1056	$3,900	$3.69	22d	1	1.39mi
5041 N Beach Rd Unit 3-A Englewood, FL	2.0	1.0	864	$3,000	$3.47	22d	1	1.39mi
5031 N Beach Rd #112 Englewood, FL	2.0	2.0	1035	$2,500	$2.42	15d	1	1.47mi

HOA detail condo

• Monthly dues: $744 · $8,928/yr
• Likely covers: cableexterior maint.insurancepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-21
   days on market $157,000 Active 74 DOM
2. 2026-06-18
   days on market $157,000 Active 71 DOM
3. 2026-06-17
   days on market $157,000 Active 70 DOM
4. 2026-06-16
   days on market $157,000 Active 69 DOM
5. 2026-06-15
   days on market $157,000 Active 68 DOM
6. 2026-06-13
   days on market $157,000 Active 66 DOM
7. 2026-06-13
   days on market $157,000 Active 65 DOM
8. 2026-06-10
   days on market $157,000 Active 63 DOM
9. 2026-06-09
   days on market $157,000 Active 62 DOM
10. 2026-06-08
    days on market $157,000 Active 61 DOM
11. 2026-06-08
    days on market $157,000 Active 60 DOM
12. 2026-06-05
    days on market $157,000 Active 57 DOM
13. 2026-06-03
    days on market $157,000 Active 56 DOM
14. 2026-06-02
    days on market $157,000 Active 55 DOM
15. 2026-06-01
    days on market $157,000 Active 54 DOM
16. 2026-05-31
    days on market $157,000 Active 53 DOM
17. 2026-05-08
    price $157,000 2552-char remark

    Show marketing remark (2552 chars)

    Quiet and quaint best describes this villa/duplex located in the peaceful community of High Point. With just 44 residents, this charming, turnkey-furnished 2-bedroom, 2-bath villa/duplex offers the perfect blend of comfort, style, and convenience. Beautifully maintained and thoughtfully updated, this home is truly move-in ready. Step inside to a light-filled living room featuring rich bamboo flooring and elegant window treatments on newer (2022) windows—creating a warm and inviting space ideal for both relaxing and entertaining. The kitchen is designed with the home chef in mind, offering ample granite counter space, a double sink, and a convenient pass-through window to the enclosed lanai. Both bedrooms are tastefully appointed with vinyl plank flooring and ceiling fans, while the dining area seamlessly connects the kitchen and living room, with sliding doors leading to the lanai. The enclosed lanai, complete with easy-open screens, provides a tranquil retreat overlooking your private backyard—perfect for morning coffee, afternoon reading, or simply enjoying the Florida lifestyle. Outdoors, a spacious brick paver patio offers additional room for grilling, hobbies, or soaking up the sunshine. The home also features ample interior storage and a single-car garage that includes a second bathroom (was not permitted) with commode, shower, washer and dryer, and shelving. All furnishings are included (with minimal exclusions), making this an effortless move-in opportunity. Residents enjoy a short distance to the heated community pool, as well as convenient access to guest parking and community mailboxes. Ideally located near shopping, dining, golf courses, public boat ramps, and world-class fishing and boating, this home also places you just minutes from beautiful Gulf beaches and the charm of Historic Dearborn Street, featuring Pioneer Park, a popular farmers market, local shops, restaurants, and live entertainment. Quarterly dues cover lawn mowing, full exterior maintenance (including roof), exterior and interior building insurance (excluding contents), basic cable, and access to the community pool. High Point is deed-restricted, locally managed, and has no age restrictions. Two pets are welcome (see rules and regulations for details). Offering a peaceful setting with easy access to everything the area has to offer, this delightful home is the perfect full-time residence, seasonal retreat, or investment opportunity. Schedule your private showing today—this one is a must-see and won't last long!

18. 2026-04-08
    listed $172,000 Active 2552-char remark

    Show marketing remark (2552 chars)

    Quiet and quaint best describes this villa/duplex located in the peaceful community of High Point. With just 44 residents, this charming, turnkey-furnished 2-bedroom, 2-bath villa/duplex offers the perfect blend of comfort, style, and convenience. Beautifully maintained and thoughtfully updated, this home is truly move-in ready. Step inside to a light-filled living room featuring rich bamboo flooring and elegant window treatments on newer (2022) windows—creating a warm and inviting space ideal for both relaxing and entertaining. The kitchen is designed with the home chef in mind, offering ample granite counter space, a double sink, and a convenient pass-through window to the enclosed lanai. Both bedrooms are tastefully appointed with vinyl plank flooring and ceiling fans, while the dining area seamlessly connects the kitchen and living room, with sliding doors leading to the lanai. The enclosed lanai, complete with easy-open screens, provides a tranquil retreat overlooking your private backyard—perfect for morning coffee, afternoon reading, or simply enjoying the Florida lifestyle. Outdoors, a spacious brick paver patio offers additional room for grilling, hobbies, or soaking up the sunshine. The home also features ample interior storage and a single-car garage that includes a second bathroom (was not permitted) with commode, shower, washer and dryer, and shelving. All furnishings are included (with minimal exclusions), making this an effortless move-in opportunity. Residents enjoy a short distance to the heated community pool, as well as convenient access to guest parking and community mailboxes. Ideally located near shopping, dining, golf courses, public boat ramps, and world-class fishing and boating, this home also places you just minutes from beautiful Gulf beaches and the charm of Historic Dearborn Street, featuring Pioneer Park, a popular farmers market, local shops, restaurants, and live entertainment. Quarterly dues cover lawn mowing, full exterior maintenance (including roof), exterior and interior building insurance (excluding contents), basic cable, and access to the community pool. High Point is deed-restricted, locally managed, and has no age restrictions. Two pets are welcome (see rules and regulations for details). Offering a peaceful setting with easy access to everything the area has to offer, this delightful home is the perfect full-time residence, seasonal retreat, or investment opportunity. Schedule your private showing today—this one is a must-see and won't last long!

19. 2005-10-14
    soldstatus $165,000
20. 2005-09-30
    soldstatus $165,000 238-char remark

    Show marketing remark (238 chars)

    ABSOLUTELY IMMACULATE ATTACHED VILLA WITH COMMUNITY POOL CLOSE TO BEACHES, SHOPPING AND GOLF. THE OPEN FLOOR PLAN MAKES THIS UNIT FEEL LARGER THAN IT IS. INCLUDES MOST FURNITURE AND HOUSEHOLD ITEMS. TASTEFULLY DECORATED IN NEUTRAL TONES.

21. 2005-07-15
    listed $175,000 238-char remark

    Show marketing remark (238 chars)

    ABSOLUTELY IMMACULATE ATTACHED VILLA WITH COMMUNITY POOL CLOSE TO BEACHES, SHOPPING AND GOLF. THE OPEN FLOOR PLAN MAKES THIS UNIT FEEL LARGER THAN IT IS. INCLUDES MOST FURNITURE AND HOUSEHOLD ITEMS. TASTEFULLY DECORATED IN NEUTRAL TONES.

ⓘ 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: $2,060 · $172/mo
• Projected year-2 tax: $2,060 · $172/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 5/10 Major FEMA zone X (shaded) · 38% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $31,322
• − Mortgage interest: −$8,794
• − Property taxes: −$2,060
• − Insurance: −$785
• − Repairs & maintenance: −$2,506
• − Management: −$2,506
• − HOA: −$8,928
• − Depreciation: −$4,567
• Taxable income: $1,175
• Est. tax owed @ 24.0%: −$282
• After-tax cash flow: $2,809/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

-10.3% since first listed

5 events — show timeline

• 2026-05-08 Price Changed $157,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Listed $172,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-14 Sold (Public Records) $165,000 Public Records
• 2005-09-30 Sold (MLS) $165,000 Stellar MLS as Distributed by MLS Grid
• 2005-07-15 Listed $175,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.3%/yr

Latest (2025): $2,060 · -5.2% YoY. Source: county tax records.