5001 Baraldi Cir Unit 22-211 · The Meadows, FL 34235

$265,000

3 bd · 3.0 ba · 1,359 sqft · Condo public records · 237 Days on market

Built 2002 $195/sqft · 14% below area Est $307k · 14% under $694/mo HOA · 28% 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).

• ARV discount +13.7/15.0
• Cash flow +6.0/30.0
• Schools +5.4/10.0
• Rent growth +4.9/5.0
• 1% rule +4.3/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully maintained 3-bedroom, 3-bath condo ideally located in the heart of Sarasota. Nestled in the sought-after Las Palmas community, this home offers the perfect balance of convenience and comfort. Enjoy easy access to University Parkway, I-75, and all that Sarasota has to showcase — from vibrant dining and shopping at UTC Mall to the pristine beaches just a short drive away. The open-concept layout provides a bright, inviting living space with a private screened balcony, ideal for relaxing after a day in the Florida sunshine. Residents of Las Palmas enjoy resort-style amenities including gated entry, two community pools, a clubhouse, fitness center, tennis courts, and scenic walking trails. Whether you’re looking for a full-time residence, seasonal retreat, or investment opportunity, this condo delivers a prime location and desirable Sarasota lifestyle all in one.

Key facts

• Fitness center
• Clubhouse
• Tennis courts

Tags

• PRIVATE SCREENED BALCONY
• GATED ENTRY
• COMMUNITY POOLS
• CLUBHOUSE
• FITNESS CENTER
• TENNIS COURTS

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $265k.

Deal economics

• At list price, monthly cash flow is $-506 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $176k (33.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $245k (7.4% below list).
• Recommended offer: $176k (33.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 69/100 on livability (#465 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A; Watch: amenities F, commute F, health & safety 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 (+9.7%/yr); 228 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 37% of the median local income ($79k/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 $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 237 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 28% 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 $175,578 (33.7% 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 237 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
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. 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?
8. 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.
9. 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.
10. 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: 0.93% ✗
• Cap rate: 4.00%
• Cash-on-cash: -8.19%
• DSCR: 0.64
• GRM: 9.0

CMA / ARV

• ARV (median comp): $307,243
• List price: $265,000
• Delta: -13.75%
• 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: -22.9%
• Equity multiple: 0.17×
• Total profit: $-61,800
• Equity at exit: $39,512

10-year hold

• IRR: -5.6%
• Equity multiple: 0.53×
• Total profit: $-34,624
• Equity at exit: $22,912

Cash invested: $74,200 (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 34235

• Rents YoY: 9.7%
• Active inventory: 228
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,454 medium
• Mortgage (P&I): −$1,390
• Tax from tax record: −$251 /mo · $3,007/yr
• Insurance: −$110
• HOA: −$694
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $-506

Break-even live

Break-even rent $3,095

Max offer price $175,578

Occupancy floor —

Sensitivity live

Price	-10% $-356	-5% $-431	+0% $-506	+5% $-581	+10% $-656
Rent	-10% $-700	-5% $-603	+0% $-506	+5% $-409	+10% $-312
Rate	-1.0pp $-373	-0.5pp $-439	base $-506	+0.5pp $-575	+1.0pp $-645

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7151 83rd Dr E Bradenton, FL	3.0	2.5	1596	$2,095	$1.31	17d	1	1.17mi
7755 Plantation Cir Bradenton, FL	3.0	2.5	1282	$2,600	$2.03	24d	1	1.44mi
7654 Plantation Cir Bradenton, FL	2.0	2.5	1156	$2,150	$1.86	17d	1	1.50mi

HOA detail condo

• Monthly dues: $694 · $8,328/yr
• Likely covers: poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-21
   days on market $265,000 Active 237 DOM
2. 2026-06-18
   days on market $265,000 Active 234 DOM
3. 2026-06-17
   days on market $265,000 Active 233 DOM
4. 2026-06-16
   days on market $265,000 Active 232 DOM
5. 2026-06-15
   days on market $265,000 Active 231 DOM
6. 2026-06-13
   days on market $265,000 Active 229 DOM
7. 2026-06-13
   days on market $265,000 Active 228 DOM
8. 2026-06-10
   days on market $265,000 Active 226 DOM
9. 2026-06-09
   days on market $265,000 Active 225 DOM
10. 2026-06-08
    days on market $265,000 Active 223 DOM
11. 2026-06-05
    days on market $265,000 Active 220 DOM
12. 2026-06-03
    days on market $265,000 Active 219 DOM
13. 2026-06-02
    days on market $265,000 Active 218 DOM
14. 2026-06-01
    days on market $265,000 Active 217 DOM
15. 2026-05-31
    days on market $265,000 Active 216 DOM
16. 2025-12-02
    price $265,000 911-char remark

    Show marketing remark (911 chars)

    Welcome to this beautifully maintained 3-bedroom, 3-bath condo ideally located in the heart of Sarasota. Nestled in the sought-after Las Palmas community, this home offers the perfect balance of convenience and comfort. Enjoy easy access to University Parkway, I-75, and all that Sarasota has to showcase — from vibrant dining and shopping at UTC Mall to the pristine beaches just a short drive away. The open-concept layout provides a bright, inviting living space with a private screened balcony, ideal for relaxing after a day in the Florida sunshine. Residents of Las Palmas enjoy resort-style amenities including gated entry, two community pools, a clubhouse, fitness center, tennis courts, and scenic walking trails. Whether you’re looking for a full-time residence, seasonal retreat, or investment opportunity, this condo delivers a prime location and desirable Sarasota lifestyle all in one.

17. 2025-10-27
    listed $280,000 Active 911-char remark

    Show marketing remark (911 chars)

    Welcome to this beautifully maintained 3-bedroom, 3-bath condo ideally located in the heart of Sarasota. Nestled in the sought-after Las Palmas community, this home offers the perfect balance of convenience and comfort. Enjoy easy access to University Parkway, I-75, and all that Sarasota has to showcase — from vibrant dining and shopping at UTC Mall to the pristine beaches just a short drive away. The open-concept layout provides a bright, inviting living space with a private screened balcony, ideal for relaxing after a day in the Florida sunshine. Residents of Las Palmas enjoy resort-style amenities including gated entry, two community pools, a clubhouse, fitness center, tennis courts, and scenic walking trails. Whether you’re looking for a full-time residence, seasonal retreat, or investment opportunity, this condo delivers a prime location and desirable Sarasota lifestyle all in one.

18. 2005-06-03
    soldstatus $255,000

ⓘ 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: $3,007 · $251/mo
• Projected year-2 tax: $3,007 · $251/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 4/10 Moderate
• 🌡 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: $29,446
• − Mortgage interest: −$14,844
• − Property taxes: −$3,007
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,356
• − Management: −$2,356
• − HOA: −$8,328
• − Depreciation: −$7,709
• Taxable loss: −$10,479
• Est. tax savings @ 24.0%: +$2,515
• After-tax cash flow: $-3,559/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 — The Meadows

• Score: 69/100
• State rank: #465
• US rank: #8393

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 448,376 people
• City population: 15,114
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 15,146
• Household income: $78,958
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 512.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 22% Two or more races 18% Black 2%
• Hispanic origin (detail): Mexican 12% Puerto Rican 2% Cuban 4%
• Common ancestry: Romanian 5% Slovak 3% Scotch-Irish 2%
• Foreign-born: 19% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -307.37%
• Current HPI: 253.3964
• Rent YoY: ▲ 9.68%
• 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

+3.9% since first listed

3 events — show timeline

• 2025-12-02 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-27 Listed $280,000 Stellar MLS as Distributed by MLS Grid
• 2005-06-03 Sold (Public Records) $255,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $3,007 · -2.5% YoY. Source: county tax records.