7880 Palm Aire Ln #205 · Desoto Lakes, FL 34243

$179,000

2 bd · 2.0 ba · 1,118 sqft · Condo public records · 153 Days on market

Built 1977 $698/mo HOA · 30% of rent

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Why this score? — see what drove the D- 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 +8.5/30.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks

REDUCED AGAIN!!!!! GREAT PRICE!!!!! Cheapest Condo In Palm Aire!!!! Beautiful Golf Course Views & Prime Location in Palm Aire Country Club. .. .RARE OPPORTUNITY. .. . Welcome to this charming second-floor 2 bedroom, 2 bath pet friendly condo. .. . located in the highly desirable maintenance free Palm Aire Country Club Community. This bright and spacious 1118 sq ft. condo features an open floor concept with beautiful golf course views from the living room, dining room and bedroom, perfect for relaxation. Also there is a glass in porch to enjoy a nice cup a coffee watching the golfer in the morning or a cold glass of sweet tea in the afternoon. Inside, you’ll find tile in the e

Key facts

• Community pool
• Newer appliances
• Updated bathrooms

Tags

• GOLF COURSE VIEWS
• PRIME LOCATION
• MAINTENANCE FREE
• COMMUNITY POOL
• UPDATED BATHROOMS
• NEWER APPLIANCES

Property features AI

Finance

• Other: Unfurnished
• Financial info: Total annual HOA/fees: $8,376; Lease restrictions apply
• HOA & community: HOA managed by AMI / Advanced Management Inc (Palm Aire); Monthly condo fee: $698 (quarterly $2,094); Association fees include common area taxes, pool, escrow reserves, insurance, building and grounds maintenance, management, pest control, recreational facilities, sewer, trash and water; Association amenities include clubhouse, fitness center, pool, tennis courts, shuffleboard court, park, community mailbox, sidewalks, street lights, golf and golf-cart friendly rules; Association approval required; Pets allowed (cats and dogs; number and size limits apply); No additional monthly maintenance amount beyond HOA dues

Exterior

• Parking: No truck/RV/motorcycle parking (community restriction)
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Sewer connected; Water connected; Fire hydrant; Sprinkler (recycled)
• Home design: Condominium; 2 total stories (unit on 2nd floor); Northeast facing; Completed condition
• Construction: Block and stucco construction; Shingle roof; Block and slab foundation; Building/Unit: 8-B
• Exterior features: Enclosed patio; Side porch; Sliding doors; Exterior lighting; Private mailbox; Sidewalks; On golf course; Storage; Landscaped with trees; Paved surfaces

Interior

• Kitchen: Range; Dishwasher; Disposal; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Living room/dining room combo; Split bedroom layout; Solid wood cabinets; Walk-in closets; Window treatments (blinds)
• Laundry & utility: Washer hookup; Dryer hookup (electric); Laundry area in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $179k.

Deal economics

• At list price, monthly cash flow is $-159 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (15.7% below list).
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $151k (15.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 77/100 on livability (#189 in FL, #3,003 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A-; Watch: amenities F.
• 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 Middle School (math 54% / reading 47%, grade C, #246 of 571 statewide, top 44%, 810 students, 58% 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); 388 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• This rent runs 34% of the median local income ($81k/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.
• 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 153 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $63k; list at $179k implies a 184% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 30% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,954 (15.7% 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 153 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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 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: 1.29% ✓
• Cap rate: 5.23%
• Cash-on-cash: -3.80%
• DSCR: 0.83
• GRM: 6.5

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: -28.2%
• Equity multiple: 0.09×
• Total profit: $-45,372
• Equity at exit: $26,689

10-year hold

• IRR: -63.4%
• Equity multiple: -0.53×
• Total profit: $-76,607
• Equity at exit: $15,477

Cash invested: $50,120 (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 34243

• Home prices YoY: -23.0%
• Rents YoY: -4.1%
• Active inventory: 388
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,301 high
• Mortgage (P&I): −$939
• Tax from tax record: −$266 /mo · $3,188/yr
• Insurance: −$75
• HOA: −$698
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $-159

Break-even live

Break-even rent $2,502

Max offer price $150,954

Occupancy floor —

Sensitivity live

Price	-10% $-57	-5% $-108	+0% $-159	+5% $-209	+10% $-260
Rent	-10% $-341	-5% $-250	+0% $-159	+5% $-68	+10% $23
Rate	-1.0pp $-69	-0.5pp $-113	base $-159	+0.5pp $-205	+1.0pp $-252

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6110 Country Club Way #201 Sarasota, FL	2.0	2.0	1400	$4,000	$2.86	25d	1	0.33mi
6120 Country Club Way #207 Sarasota, FL	2.0	2.0	1400	$1,950	$1.39	25d	1	0.34mi
7886 Eagle Creek Dr Unit 7886 Sarasota, FL	2.0	2.0	983	$3,300	$3.36	25d	1	0.46mi
7794 Eagle Creek Dr #7794 Sarasota, FL	2.0	2.0	983	$1,800	$1.83	23d	1	0.48mi
7752 Eagle Creek Dr Unit 7752 Sarasota, FL	2.0	2.0	983	$1,650	$1.68	17d	1	0.49mi
5924 Clubside Dr Sarasota, FL	2.0	2.0	1380	$2,500	$1.81	25d	1	0.50mi
6041 Clubside Dr Unit 6041 Sarasota, FL	2.0	2.0	1380	$2,950	$2.14	25d	1	0.50mi
5735 Gardens Dr Unit 5735 Sarasota, FL	2.0	1.0	1068	$2,000	$1.87	25d	1	0.58mi
5662 Gardens Dr #104 Sarasota, FL	2.0	2.0	1068	$1,950	$1.83	25d	1	0.58mi
5769 Avista Dr #5769 Sarasota, FL	2.0	2.0	1212	$1,950	$1.61	25d	1	0.60mi
6191 Timber Lake Dr Unit A6 Sarasota, FL	2.0	2.0	1178	$1,600	$1.36	25d	1	0.61mi
7725 Whitebridge Gln University Park, FL	2.0	2.0	1344	$5,250	$3.91	25d	1	0.62mi
6211 Timber Lake Dr Unit B9 Sarasota, FL	2.0	2.0	1274	$1,750	$1.37	25d	1	0.64mi
6104 Turnbury Park Dr Sarasota, FL	1.0–3.0	1.0–2.0	1065	$2,044	$1.92	3d	29	0.70mi
7452 W Country Club Dr N Unit 1546435P Sarasota, FL	2.0	2.0	1173	$2,742	$2.34	13d	1	0.73mi
8445 Gardens Cir Sarasota, FL	1.0–3.0	1.0–2.0	973	$1,852	$1.90	3d	29	0.74mi
7405 W Country Club Dr N #104 Sarasota, FL	3.0	2.0	1444	$3,200	$2.22	25d	1	0.75mi
7351 W Country Club Dr N #202 Sarasota, FL	2.0	2.0	1118	$4,300	$3.85	25d	1	0.80mi
5025 82nd Way E Sarasota, FL	3.0	2.0	1321	$2,250	$1.70	25d	1	0.81mi
5761 Avista Dr Unit 5761 Sarasota, FL	2.0	2.0	1284	$4,000	$3.12	25d	1	0.85mi
5905 Doral Dr Sarasota, FL	2.0	2.0	1298	$2,400	$1.85	25d	1	0.88mi
7887 Lockwood Ridge Rd Sarasota, FL	1.0–2.0	1.0–2.0	916	$2,297	$2.51	3d	16	0.89mi
7251 W Country Club Dr N #226 Sarasota, FL	2.0	2.0	1118	$2,000	$1.79	25d	1	0.93mi
7231 W Country Club Dr N #232 Sarasota, FL	2.0	2.0	909	$2,000	$2.20	25d	1	0.94mi
7234 Eleanor Cir #203 Sarasota, FL	2.0	2.0	1064	$2,150	$2.02	17d	1	0.95mi
7211 W Country Club Dr N #133 Sarasota, FL	2.0	2.0	909	$1,500	$1.65	13d	1	0.96mi
7885 N Lockwood Ridge Rd Unit 827 Sarasota, FL	2.0	2.0	1177	$1,799	$1.53	25d	1	1.01mi
7885 N Lockwood Ridge Rd Sarasota, FL	2.0	1.0	1025	$1,749	$1.71	25d	1	1.01mi
8121 45th Ct E Sarasota, FL	2.0	2.0	1000	$1,695	$1.70	3d	1	1.02mi
7153 W Country Club Dr N #146 Sarasota, FL	1.0	1.5	717	$3,000	$4.18	25d	1	1.03mi
4455 Rayfield Dr Sarasota, FL	2.0	2.5	1143	$2,210	$1.93	25d	1	1.13mi
7461 W Country Club Dr N Sarasota, FL	2.0	2.0	1153	$2,275	$1.97	5d	4	1.20mi
7062 W Country Club Dr N #7062 Sarasota, FL	1.0	1.5	954	$3,000	$3.14	25d	1	1.25mi
4208 76th Dr E Sarasota, FL	3.0	2.0	1350	$2,645	$1.96	4d	1	1.26mi
6986 W Country Club Dr N #6986 Sarasota, FL	3.0	2.0	1468	$4,600	$3.13	25d	1	1.27mi
7050 W Country Club Dr N Unit 10-A Sarasota, FL	2.0	2.0	1118	$4,300	$3.85	25d	1	1.28mi
6896 W Country Club Ln #148 Sarasota, FL	2.0	2.0	1118	$1,700	$1.52	13d	1	1.33mi
7008 W Country Club Dr N Unit 136 Sarasota, FL	2.0	2.0	1118	$1,875	$1.68	25d	1	1.33mi
6892 W Country Club Ln Sarasota, FL	2.0	2.0	1444	$3,500	$2.42	25d	1	1.34mi

HOA detail condo

• Monthly dues: $698 · $8,376/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-22
   days on market $179,000 Active 153 DOM
2. 2026-06-18
   days on market $179,000 Active 150 DOM
3. 2026-06-17
   days on market $179,000 Active 149 DOM
4. 2026-06-16
   days on market $179,000 Active 148 DOM
5. 2026-06-15
   days on market $179,000 Active 147 DOM
6. 2026-06-13
   days on market $179,000 Active 145 DOM
7. 2026-06-13
   days on market $179,000 Active 144 DOM
8. 2026-06-10
   days on market $179,000 Active 142 DOM
9. 2026-06-09
   days on market $179,000 Active 141 DOM
10. 2026-06-08
    days on market $179,000 Active 140 DOM
11. 2026-06-08
    days on market $179,000 Active 139 DOM
12. 2026-06-03
    days on market $179,000 Active 135 DOM
13. 2026-06-02
    days on market $179,000 Active 134 DOM
14. 2026-06-01
    days on market $179,000 Active 133 DOM
15. 2026-05-31
    days on market $179,000 Active 132 DOM
16. 2026-04-13
    price $199,000
17. 2026-03-20
    price $210,000
18. 2026-03-02
    price $225,000
19. 2026-01-14
    listed $239,900 Active
20. 1991-06-07
    soldstatus $63,000
21. 1984-03-01
    soldstatus $73,000

ⓘ 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: $3,188 · $266/mo
• Projected year-2 tax: $3,188 · $266/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 · 31 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: $27,618
• − Mortgage interest: −$10,027
• − Property taxes: −$3,188
• − Insurance: −$895
• − Repairs & maintenance: −$2,209
• − Management: −$2,209
• − HOA: −$8,376
• − Depreciation: −$5,207
• Taxable loss: −$4,494
• Est. tax savings @ 24.0%: +$1,079
• After-tax cash flow: $-827/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 Lakes

• Score: 77/100
• State rank: #189
• US rank: #3003

Category grades

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

Schools grade is shown separately in the Schools card above.

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

+172.6% since first listed

6 events — show timeline

• 2026-04-13 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-14 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 1991-06-07 Sold (Public Records) $63,000 Public Records
• 1984-03-01 Sold (Public Records) $73,000 Public Records

Property tax history

+7.1%/yr

Latest (2024): $3,188 · +7.7% YoY. Source: county tax records.