4210 Caddie Dr E #202 · Samoset, FL 34203

$160,000

2 bd · 2.0 ba · 1,193 sqft · Condo public records · 175 Days on market

Built 1995 $801/mo HOA · 37% 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 +8.8/30.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

You'll appreciate this immaculate 2BR/2BA, 2nd floor condo overlooking the golf course in Peridia Golf & Country Club! It is light, bright and ready for immediate occupancy. The great room has cathedral ceilings and laminate flooring. The kitchen has tile floors, two pantries, a breakfast nook, lots of storage and a breakfast bar. Split floor plan and an indoor laundry. Sliders lead to the enclosed lanai with tile flooring. Master suite has a walk in closet as well as a regular closet. The master bath shower has recently been updated. The 2nd bathroom has a new toilet. Unit includes a 1 car detached garage. Choose from members only events like mah-jongg, poker, book clubs, dinner/dancing and holiday parties. Amenities include an 18 hole executive golf course, pool, tennis, pickle ball, pro shop, clubhouse/restaurant/bar. There is a one time Cap reserve of $4,000. $450 Annual food/beverage minimum. $907 Quarterly Master association. $887 Quarterly Maintenance fees. Ideally located just off SR70 with easy access to beaches, shopping, restaurants, hospitals, Sarasota/Tampa/St. Pete. Some furniture included.

Key facts

• Quartz countertops
• Split floor plan
• Vaulted ceilings

Tags

• GOLF COURSE COMMUNITY
• SPLIT FLOOR PLAN
• VAULTED CEILINGS
• FULLY REMODELED KITCHEN
• QUARTZ COUNTERTOPS
• DEEP BLUE TILE FLOORS

Property features AI

Finance

• Other: Partially furnished; Condo located on 2nd floor; Monthly condo fee reported $292 (quarterly term); condo fees listed as $877
• Financial info: Total monthly fees reported $780.67 and total annual fees $9,368; Lease restrictions apply
• HOA & community: HOA managed by Gulf Coast Association Management; Monthly HOA approximately $488.33; Quarterly association fee approximately $1,465 (includes cable TV, internet, pool, sewer, water, trash, common area taxes, insurance/reserves, maintenance structure and grounds, management, pest control, recreational facilities); Community amenities: clubhouse, fitness center, pool, tennis courts, pickleball courts, golf course, sidewalks, street lights; Buyer/association approval required; Pets allowed with size limit (max ~25 lbs)

Exterior

• Parking: 1-car garage
• Utilities: Public water; Public sewer; Broadband/high-speed internet available; Cable available and connected; Electricity connected; Water connected; Sewer connected
• Home design: Residential condominium; One story; Faces south
• Construction: Block and stucco construction; Shingle roof; Built on slab foundation; Building identified as 4210
• Exterior features: Balcony; Sidewalk; Sliding doors; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Kitchen reverse osmosis system
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Slab foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Open floorplan; Solid surface counters; Solid wood cabinets; Walk-in closets
• Laundry & utility: Washer; Dryer; Inside laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $-130 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $137k (14.4% below list).
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $137k (14.4% below list) — sets the bar for cash-flow.
• Cap rate 5.3% vs local median 4.3% in Samoset — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#645 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, amenities F, commute 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.
• Market conditions: Rents soft (-1.0%/yr); 384 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 37% of the median local income ($71k/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 175 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask is 8321% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: HOA is 37% of rent.
• Climate carrying-cost: 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 $136,970 (14.4% 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 175 days. Have you received any prior offers? Is the seller open to a 14% 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.35% ✓
• Cap rate: 5.32%
• Cash-on-cash: -3.49%
• DSCR: 0.84
• GRM: 6.2

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: -27.8%
• Equity multiple: 0.11×
• Total profit: $-40,073
• Equity at exit: $23,857

10-year hold

• IRR: -64.3%
• Equity multiple: -0.52×
• Total profit: $-68,072
• Equity at exit: $13,834

Cash invested: $44,800 (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 34203

• Home prices YoY: -24.5%
• Rents YoY: -1.0%
• Active inventory: 384
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,158 high
• Mortgage (P&I): −$839
• Tax from tax record: −$128 /mo · $1,540/yr
• Insurance: −$67
• HOA: −$801
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $-130

Break-even live

Break-even rent $2,323

Max offer price $136,970

Occupancy floor —

Sensitivity live

Price	-10% $-40	-5% $-85	+0% $-130	+5% $-176	+10% $-221
Rent	-10% $-301	-5% $-216	+0% $-130	+5% $-45	+10% $40
Rate	-1.0pp $-50	-0.5pp $-90	base $-130	+0.5pp $-172	+1.0pp $-214

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4540 Runabout Way Bradenton, FL	2.0	2.5	1080	$2,300	$2.13	24d	1	0.56mi
5016 Misty Canal Pl Bradenton, FL	2.0	2.5	1080	$1,950	$1.81	24d	1	0.58mi
3880 Palm Isle Pl Bradenton, FL	1.0–2.0	1.0–2.0	1042	$2,499	$2.40	2d	13	0.67mi
3645 Ali ala LOOP Braden River, FL	1.0	1.0	950	$1,400	$1.47	24d	1	0.70mi
2755 Newbern Banks Dr Bradenton, FL	3.0	2.5	1459	$2,035	$1.39	24d	1	1.26mi
5316 53rd Ave E Unit Q111 Bradenton, FL	2.0	2.0	1056	$1,495	$1.42	11d	1	1.44mi
5030 26th St E Bradenton, FL	1.0–3.0	1.0–2.0	1101	$1,945	$1.77	24d	12	1.46mi
5009 25th St E Bradenton, FL	3.0	2.0	1478	$2,325	$1.57	3d	1	1.47mi
5616 Gentle Breeze St Bradenton, FL	2.0	2.0	1100	$1,700	$1.55	24d	1	1.48mi

HOA detail condo

• Monthly dues: $801 · $9,612/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-10
   status $160,000 Pending 175 DOM
2. 2026-06-09
   days on market $160,000 Active 175 DOM
3. 2026-06-08
   days on market $160,000 Active 174 DOM
4. 2026-06-08
   pricedays on market $160,000 Active 173 DOM
5. 2026-06-03
   days on market $189,900 Active 169 DOM
6. 2026-06-02
   days on market $189,900 Active 168 DOM
7. 2026-06-01
   days on market $189,900 Active 167 DOM
8. 2026-05-31
   days on market $189,900 Active 166 DOM
9. 2026-05-17
   price $1,700
10. 2026-05-16
    price $189,900
11. 2026-04-04
    price $200,000
12. 2026-03-26
    price $219,000
13. 2026-02-18
    price $224,000
14. 2026-02-14
    listed $1,900
15. 2026-01-23
    price $229,000
16. 2026-01-12
    price $249,000
17. 2025-12-16
    listed $259,000 Active
18. 2023-02-16
    soldstatus $272,800
19. 2023-02-14
    soldstatus $272,800 Closed 1128-char remark

    Show marketing remark (1128 chars)

    You'll appreciate this immaculate 2BR/2BA, 2nd floor condo overlooking the golf course in Peridia Golf & Country Club! It is light, bright and ready for immediate occupancy. The great room has cathedral ceilings and laminate flooring. The kitchen has tile floors, two pantries, a breakfast nook, lots of storage and a breakfast bar. Split floor plan and an indoor laundry. Sliders lead to the enclosed lanai with tile flooring. Master suite has a walk in closet as well as a regular closet. The master bath shower has recently been updated. The 2nd bathroom has a new toilet. Unit includes a 1 car detached garage. Choose from members only events like mah-jongg, poker, book clubs, dinner/dancing and holiday parties. Amenities include an 18 hole executive golf course, pool, tennis, pickle ball, pro shop, clubhouse/restaurant/bar. There is a one time Cap reserve of $4,000. $450 Annual food/beverage minimum. $907 Quarterly Master association. $887 Quarterly Maintenance fees. Ideally located just off SR70 with easy access to beaches, shopping, restaurants, hospitals, Sarasota/Tampa/St. Pete. Some furniture included.

20. 2023-01-12
    status Pending 1128-char remark

    Show marketing remark (1128 chars)

    You'll appreciate this immaculate 2BR/2BA, 2nd floor condo overlooking the golf course in Peridia Golf & Country Club! It is light, bright and ready for immediate occupancy. The great room has cathedral ceilings and laminate flooring. The kitchen has tile floors, two pantries, a breakfast nook, lots of storage and a breakfast bar. Split floor plan and an indoor laundry. Sliders lead to the enclosed lanai with tile flooring. Master suite has a walk in closet as well as a regular closet. The master bath shower has recently been updated. The 2nd bathroom has a new toilet. Unit includes a 1 car detached garage. Choose from members only events like mah-jongg, poker, book clubs, dinner/dancing and holiday parties. Amenities include an 18 hole executive golf course, pool, tennis, pickle ball, pro shop, clubhouse/restaurant/bar. There is a one time Cap reserve of $4,000. $450 Annual food/beverage minimum. $907 Quarterly Master association. $887 Quarterly Maintenance fees. Ideally located just off SR70 with easy access to beaches, shopping, restaurants, hospitals, Sarasota/Tampa/St. Pete. Some furniture included.

21. 2022-12-05
    price $269,000 1128-char remark

    Show marketing remark (1128 chars)

    You'll appreciate this immaculate 2BR/2BA, 2nd floor condo overlooking the golf course in Peridia Golf & Country Club! It is light, bright and ready for immediate occupancy. The great room has cathedral ceilings and laminate flooring. The kitchen has tile floors, two pantries, a breakfast nook, lots of storage and a breakfast bar. Split floor plan and an indoor laundry. Sliders lead to the enclosed lanai with tile flooring. Master suite has a walk in closet as well as a regular closet. The master bath shower has recently been updated. The 2nd bathroom has a new toilet. Unit includes a 1 car detached garage. Choose from members only events like mah-jongg, poker, book clubs, dinner/dancing and holiday parties. Amenities include an 18 hole executive golf course, pool, tennis, pickle ball, pro shop, clubhouse/restaurant/bar. There is a one time Cap reserve of $4,000. $450 Annual food/beverage minimum. $907 Quarterly Master association. $887 Quarterly Maintenance fees. Ideally located just off SR70 with easy access to beaches, shopping, restaurants, hospitals, Sarasota/Tampa/St. Pete. Some furniture included.

22. 2022-10-27
    listed $279,000 Active 1128-char remark

    Show marketing remark (1128 chars)

    You'll appreciate this immaculate 2BR/2BA, 2nd floor condo overlooking the golf course in Peridia Golf & Country Club! It is light, bright and ready for immediate occupancy. The great room has cathedral ceilings and laminate flooring. The kitchen has tile floors, two pantries, a breakfast nook, lots of storage and a breakfast bar. Split floor plan and an indoor laundry. Sliders lead to the enclosed lanai with tile flooring. Master suite has a walk in closet as well as a regular closet. The master bath shower has recently been updated. The 2nd bathroom has a new toilet. Unit includes a 1 car detached garage. Choose from members only events like mah-jongg, poker, book clubs, dinner/dancing and holiday parties. Amenities include an 18 hole executive golf course, pool, tennis, pickle ball, pro shop, clubhouse/restaurant/bar. There is a one time Cap reserve of $4,000. $450 Annual food/beverage minimum. $907 Quarterly Master association. $887 Quarterly Maintenance fees. Ideally located just off SR70 with easy access to beaches, shopping, restaurants, hospitals, Sarasota/Tampa/St. Pete. Some furniture included.

23. 2020-05-08
    soldstatus $146,429
24. 2003-07-18
    soldstatus $130,000
25. 2000-09-27
    soldstatus $104,500
26. 1996-04-22
    soldstatus $89,900

ⓘ 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: $1,540 · $128/mo
• Projected year-2 tax: $1,540 · $128/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 ≥108°F today · 30 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,894
• − Mortgage interest: −$8,962
• − Property taxes: −$1,540
• − Insurance: −$800
• − Repairs & maintenance: −$2,072
• − Management: −$2,072
• − HOA: −$9,612
• − Depreciation: −$4,655
• Taxable loss: −$3,818
• Est. tax savings @ 24.0%: +$916
• After-tax cash flow: $-648/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 — Samoset

• Score: 65/100
• State rank: #645
• US rank: #12763

Category grades

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

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): 40,618
• Household income: $70,761
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 1469.0

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 12% Black 9% Asian 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Vietnam, Dominican Republic
• Languages at home: 76% English-only · Spanish 16% Vietnamese 2% Other Indo-European 1%

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: ▼ -95.87%
• Current HPI: 295.8871
• Rent YoY: ▼ -0.97%
• 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

-98.1% since first listed

18 events — show timeline

• 2026-05-17 Price Changed $1,700 STELLARMLS
• 2026-05-16 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Price Changed $200,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-26 Price Changed $219,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Price Changed $224,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-14 Listed for Rent $1,900 STELLARMLS
• 2026-01-23 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-12 Price Changed $249,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-16 Listed $259,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-16 Sold (Public Records) $272,800 Public Records
• 2023-02-14 Sold (MLS) $272,800 Stellar MLS as Distributed by MLS Grid
• 2023-01-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-12-05 Price Changed $269,000 Stellar MLS as Distributed by MLS Grid
• 2022-10-27 Listed $279,000 Stellar MLS as Distributed by MLS Grid
• 2020-05-08 Sold (Public Records) $146,429 Public Records
• 2003-07-18 Sold (Public Records) $130,000 Public Records
• 2000-09-27 Sold (Public Records) $104,500 Public Records
• 1996-04-22 Sold (Public Records) $89,900 Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,540 · +4.1% YoY. Source: county tax records.