7461 W Country Club Dr N #207 · Desoto Acres, FL 34243

$150,000

1 bd · 1.5 ba · 900 sqft · Condo public records · 446 Days on market

Built 1973 $372/mo HOA · 20% of rent

---

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 +19.3/30.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• Schools +4.4/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss the stunning golf course view in a large one bedroom, 1 and 1/2 bath Palm Aire Country Club condo. Low monthly association fees included water, sewer, garbage, exterior building maintenance, exterior building insurance. Updates from original included master bathroom, half bathroom, and newer carpet. Property perfect for full time or part time residency. Rules and regulations allowing rentals of 1 month, 12 times per year with association approval required for all purchases and rentals. Located in Palm Aire Country Club, membership is not required but multiple memberships are available. Convenient location with shopping, restaurants, Downtown Sarasota and airport close by. Easy access to I-75 and beaches.

Key facts

• Breathtaking views
• Dedicated desk area
• Large shower

Tags

• BREATHTAKING VIEWS
• PRIVATE LANAI
• DEDICATED DESK AREA
• LARGE SHOWER
• NEW FAUCETS
• NEW UNDER-CABINET LIGHTING

Property features AI

Finance

• Other: Homestead exemption claimed
• Financial info: Total monthly fees $372; Total annual fees $4,464; Lease restrictions apply
• HOA & community: Monthly condo fee $372 (includes insurance, structure & grounds maintenance, management, pest control, pool, recreational facilities, sewer, trash and water); Association approval required; Buyer approval required; Pool on site; Pets allowed with limits (max weight 30 lbs)

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Public utilities
• Home design: Condominium; Residential property; One story (unit on second floor); Faces west
• Construction: Block construction; Membrane roof; Slab foundation; Building number 7461
• Exterior features: Balcony; Sliding doors; Storage; Pond view; Paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom (located on 2nd floor)
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Solid surface counters; Window treatments; Blinds; Building elevator

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $165 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 4.0% in Desoto Acres — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Marjorie G. Kinnan Elementary School (math 60% / reading 49%, grade C, #892 of 2,144 statewide, top 44%, 516 students, 73% FRL); Braden River High School (math 44% / reading 52%, grade D, #201 of 667 statewide, top 30%, 1,774 students, 45% FRL).
• Market conditions: Rents falling (-4.1%/yr); 386 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 446 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $49k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $119k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 446 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 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
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. 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: 1.27% ✓
• Cap rate: 7.61%
• Cash-on-cash: 4.70%
• DSCR: 1.21
• GRM: 6.6

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: -13.2%
• Equity multiple: 0.54×
• Total profit: $-19,189
• Equity at exit: $22,365

10-year hold

• IRR: -11.5%
• Equity multiple: 0.43×
• Total profit: $-23,911
• Equity at exit: $12,969

Cash invested: $42,000 (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 34243

• Home prices YoY: -23.0%
• Rents YoY: -4.1%
• Active inventory: 386
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,905 high
• Mortgage (P&I): −$787
• Tax from tax record: −$119 /mo · $1,432/yr
• Insurance: −$62
• HOA: −$372
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $165

Break-even live

Break-even rent $1,697

Max offer price $150,000

Occupancy floor 86%

Sensitivity live

Price	-10% $250	-5% $207	+0% $165	+5% $122	+10% $80
Rent	-10% $14	-5% $89	+0% $165	+5% $240	+10% $315
Rate	-1.0pp $240	-0.5pp $203	base $165	+0.5pp $126	+1.0pp $86

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7351 W Country Club Dr N #202 Sarasota, FL	2.0	2.0	1118	$4,300	$3.85	24d	1	0.11mi
7234 Eleanor Cir #203 Sarasota, FL	2.0	2.0	1064	$2,150	$2.02	17d	1	0.25mi
7251 W Country Club Dr N #226 Sarasota, FL	2.0	2.0	1118	$2,000	$1.79	24d	1	0.25mi
7231 W Country Club Dr N #232 Sarasota, FL	2.0	2.0	909	$2,000	$2.20	24d	1	0.28mi
7211 W Country Club Dr N #133 Sarasota, FL	2.0	2.0	909	$1,500	$1.65	12d	1	0.30mi
7153 W Country Club Dr N #146 Sarasota, FL	1.0	1.5	717	$3,000	$4.18	24d	1	0.37mi
7062 W Country Club Dr N #7062 Sarasota, FL	1.0	1.5	954	$3,000	$3.14	24d	1	0.60mi
7461 W Country Club Dr N Sarasota, FL	2.0	2.0	1153	$2,275	$1.97	4d	4	0.62mi
7050 W Country Club Dr N Unit 10-A Sarasota, FL	2.0	2.0	1118	$4,300	$3.85	24d	1	0.63mi
7887 Lockwood Ridge Rd Sarasota, FL	1.0–2.0	1.0–2.0	916	$1,499	$1.64	2d	16	0.63mi
7008 W Country Club Dr N Unit 136 Sarasota, FL	2.0	2.0	1118	$1,875	$1.68	24d	1	0.70mi
6896 W Country Club Ln #148 Sarasota, FL	2.0	2.0	1118	$1,700	$1.52	12d	1	0.71mi
7885 N Lockwood Ridge Rd Sarasota, FL	2.0	1.0	1025	$1,749	$1.71	24d	1	0.81mi
7885 N Lockwood Ridge Rd Unit 315 Sarasota, FL	1.0	1.0	656	$1,649	$2.51	24d	1	0.81mi
4665 Whitfield Ave Sarasota, FL	1.0–3.0	1.0–2.0	1023	$1,755	$1.72	2d	59	0.86mi
7752 Eagle Creek Dr Unit 7752 Sarasota, FL	2.0	2.0	983	$1,650	$1.68	17d	1	0.96mi
7794 Eagle Creek Dr #7794 Sarasota, FL	2.0	2.0	983	$1,800	$1.83	22d	1	1.01mi
7886 Eagle Creek Dr Unit 7886 Sarasota, FL	2.0	2.0	983	$3,300	$3.36	24d	1	1.02mi
8121 45th Ct E Sarasota, FL	2.0	2.0	1000	$1,695	$1.70	2d	1	1.05mi
5662 Gardens Dr #104 Sarasota, FL	2.0	2.0	1068	$1,950	$1.83	24d	1	1.19mi
5735 Gardens Dr Unit 5735 Sarasota, FL	2.0	1.0	1068	$2,000	$1.87	24d	1	1.24mi
4815 Woodbrook Dr Sarasota, FL	2.0	2.0	1080	$2,290	$2.12	4d	1	1.25mi
8445 Gardens Cir Sarasota, FL	1.0–3.0	1.0–2.0	973	$1,532	$1.57	2d	29	1.36mi
6104 Turnbury Park Dr Sarasota, FL	1.0–3.0	1.0–2.0	1065	$1,584	$1.49	2d	29	1.40mi

HOA detail condo

• Monthly dues: $372 · $4,464/yr
• Likely covers: watersewertrashinsurance
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-17
   days on market $150,000 Active 446 DOM
2. 2026-06-16
   days on market $150,000 Active 445 DOM
3. 2026-06-15
   days on market $150,000 Active 444 DOM
4. 2026-06-13
   days on market $150,000 Active 442 DOM
5. 2026-06-13
   days on market $150,000 Active 441 DOM
6. 2026-06-10
   days on market $150,000 Active 439 DOM
7. 2026-06-09
   days on market $150,000 Active 438 DOM
8. 2026-06-08
   days on market $150,000 Active 437 DOM
9. 2026-06-08
   days on market $150,000 Active 436 DOM
10. 2026-06-03
    days on market $150,000 Active 432 DOM
11. 2026-06-02
    days on market $150,000 Active 431 DOM
12. 2026-06-01
    days on market $150,000 Active 430 DOM
13. 2026-05-31
    days on market $150,000 Active 429 DOM
14. 2026-02-03
    price $164,900
15. 2025-10-28
    price $169,000
16. 2025-04-16
    price $179,000
17. 2025-03-28
    listed $199,000 Active
18. 2019-12-09
    soldstatus $119,000
19. 2019-11-25
    soldstatus $119,000 Sold 724-char remark

    Show marketing remark (724 chars)

    Don't miss the stunning golf course view in a large one bedroom, 1 and 1/2 bath Palm Aire Country Club condo. Low monthly association fees included water, sewer, garbage, exterior building maintenance, exterior building insurance. Updates from original included master bathroom, half bathroom, and newer carpet. Property perfect for full time or part time residency. Rules and regulations allowing rentals of 1 month, 12 times per year with association approval required for all purchases and rentals. Located in Palm Aire Country Club, membership is not required but multiple memberships are available. Convenient location with shopping, restaurants, Downtown Sarasota and airport close by. Easy access to I-75 and beaches.

20. 2019-10-13
    status Pending 724-char remark

    Show marketing remark (724 chars)

    Don't miss the stunning golf course view in a large one bedroom, 1 and 1/2 bath Palm Aire Country Club condo. Low monthly association fees included water, sewer, garbage, exterior building maintenance, exterior building insurance. Updates from original included master bathroom, half bathroom, and newer carpet. Property perfect for full time or part time residency. Rules and regulations allowing rentals of 1 month, 12 times per year with association approval required for all purchases and rentals. Located in Palm Aire Country Club, membership is not required but multiple memberships are available. Convenient location with shopping, restaurants, Downtown Sarasota and airport close by. Easy access to I-75 and beaches.

21. 2019-10-03
    listed $119,900 Active 724-char remark

    Show marketing remark (724 chars)

    Don't miss the stunning golf course view in a large one bedroom, 1 and 1/2 bath Palm Aire Country Club condo. Low monthly association fees included water, sewer, garbage, exterior building maintenance, exterior building insurance. Updates from original included master bathroom, half bathroom, and newer carpet. Property perfect for full time or part time residency. Rules and regulations allowing rentals of 1 month, 12 times per year with association approval required for all purchases and rentals. Located in Palm Aire Country Club, membership is not required but multiple memberships are available. Convenient location with shopping, restaurants, Downtown Sarasota and airport close by. Easy access to I-75 and beaches.

22. 1988-05-04
    soldstatus $42,000

ⓘ 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: $1,432 · $119/mo
• Projected year-2 tax: $1,432 · $119/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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: $22,862
• − Mortgage interest: −$8,402
• − Property taxes: −$1,432
• − Insurance: −$750
• − Repairs & maintenance: −$1,829
• − Management: −$1,829
• − HOA: −$4,464
• − Depreciation: −$4,364
• Taxable loss: −$208
• Est. tax savings @ 24.0%: +$50
• After-tax cash flow: $2,025/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: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 of 73 in FL

Livability — Desoto Acres

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Manatee County · 416,364 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 32,773
• Household income: $81,219
• Rent vs Own: 28.5% rent · 71.5% own
• Severe rent burden: 1138.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 14% Two or more races 11% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 16% · Canada, Vietnam, Jamaica
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 3% Other Indo-European 3%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.67%
• Current HPI: 280.5372
• Rent YoY: ▼ -4.14%
• 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

+292.6% since first listed

9 events — show timeline

• 2026-02-03 Price Changed $164,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-28 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-16 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-28 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2019-12-09 Sold (Public Records) $119,000 Public Records
• 2019-11-25 Sold (MLS) $119,000 Stellar MLS as Distributed by MLS Grid
• 2019-10-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-10-03 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 1988-05-04 Sold (Public Records) $42,000 Public Records

Property tax history

+7.5%/yr

Latest (2025): $1,432 · +4.6% YoY. Source: county tax records.