3718 59th Ave W #3718 · Bayshore Gardens, FL 34210

$139,000

2 bd · 2.0 ba · 912 sqft · Condo public records · 442 Days on market

Built 1984 $460/mo HOA · 27% 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 +9.7/30.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Schools +4.4/10.0
• Livability +4.1/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

All ages welcome. .. HOME WARRANTY COVERAGE TILL 7/30/2021 Most desirable-First Floor-- 2 bed-2 bath located in a quite, private area and is ready to move in or rent. Seller had home inspection done, A/C serviced, chimney inspected, windows serviced and has Condo spotless. Many updated items . . Laminate flooring, New shower heads and New bathroom faucets, New toilets, New microwave , Condo has been cleaned from top to bottom and is ready to move in. Mirror Lake has so much to offer from the beauty of the lake the condominiums were built around, Large heated pool, spa, grilling area, sun deck, picnic area, pickle ball, tennis, fitness room, sauna, playground, shuffle board and car wash station. Centrally located close to beaches, Walking to IMG Academy and State College of Florida. Minutes from the arts of Sarasota which includes the Ringling Museum, Sarasota International Airport and so much more. .. Just bring your things and move right in. .

Key facts

• New hot water tank
• New cabinets
• Modern kitchen

Tags

• NEW HOT WATER TANK
• MODERN KITCHEN
• NEW CABINETS
• SOLID SURFACE COUNTERTOPS
• NEW LAMINATE FLOORING
• IMPACT WINDOWS

Property features AI

Finance

• Other: Property type: Residential condominium; Zoning: RMF-9; Mature landscaping; Lot approximately 4.7 acres (development/common land included)
• Financial info: Monthly condo fee $460; total annual fees $5,520; Lease restrictions apply
• HOA & community: HOA: At the Helm; Monthly condo fee $460 (includes cable TV, pool, internet, building and grounds maintenance, management, recreational facilities, trash); Association requires approval; Community amenities: clubhouse, pool, fitness center, tennis courts, pickleball courts, basketball court, shuffleboard, playground, recreation facilities, spa/hot tub; Pets allowed (max weight 35 lbs); Buyer approval required; deed restrictions; association recreation owned

Exterior

• Parking: Asphalt road access
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Internet available; Sewer connected; Water connected; Underground utilities
• Home design: Attached condominium; Single-story; Faces south
• Construction: Block construction; Shingle roof; Slab foundation; Built area reported (building area total 1,056; living area 912)
• Exterior features: Storage

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Solid surface counters; Solid wood cabinets; Split bedroom layout; Thermostat; Window treatments; Wood-burning fireplace
• Laundry & utility: Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $139k.

Deal economics

• At list price, monthly cash flow is $-93 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $123k (11.8% below list).
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $122k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 82/100 on livability (#72 in FL, #1,180 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, commute C-, schools 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 falling (-6.1%/yr); 549 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 32% of the median local income ($64k/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 $961 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 442 days — a 12% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $46k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $118k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 27% of rent.
• 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 $122,320 (12.0% 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 442 days. Have you received any prior offers? Is the seller open to a 12% 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 F-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: 1.22% ✓
• Cap rate: 5.49%
• Cash-on-cash: -2.86%
• DSCR: 0.87
• GRM: 6.8

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: -26.1%
• Equity multiple: 0.15×
• Total profit: $-33,098
• Equity at exit: $20,725

10-year hold

• IRR: -51.1%
• Equity multiple: -0.40×
• Total profit: $-54,396
• Equity at exit: $12,018

Cash invested: $38,920 (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 34210

• Rents YoY: -6.1%
• Active inventory: 549
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,700 high
• Mortgage (P&I): −$729
• Tax from tax record: −$189 /mo · $2,271/yr
• Insurance: −$58
• HOA: −$460
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $-93

Break-even live

Break-even rent $1,818

Max offer price $122,613

Occupancy floor —

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3646 59th Ave W Unit 3646 Bradenton, FL	2.0	2.0	912	$1,400	$1.54	3d	1	0.04mi
3739 59th Ave W Unit 3739 Bradenton, FL	2.0	2.0	912	$1,575	$1.73	16d	1	0.06mi
3774 59th Ave W Unit 3774 Bradenton, FL	2.0	2.0	912	$1,350	$1.48	24d	1	0.07mi
3527 59th Ave W Unit 3527 Bradenton, FL	2.0	2.0	912	$1,400	$1.54	24d	1	0.09mi
3545 59th Ave W #3545 Bradenton, FL	3.0	2.0	1037	$1,600	$1.54	16d	1	0.09mi
3775 59th Ave W Unit 3775 Bradenton, FL	2.0	2.0	912	$3,500	$3.84	24d	1	0.10mi
3533 59th Ave W Unit 3533 Bradenton, FL	2.0	2.0	912	$1,500	$1.64	16d	1	0.10mi
3773 59th Ave W Bradenton, FL	2.0	2.0	912	$1,595	$1.75	24d	1	0.10mi
3848 59th Ave W Bradenton, FL	2.0	2.0	912	$1,395	$1.53	24d	1	0.18mi
3843 59th Ave W Bradenton, FL	2.0	2.0	912	$1,200	$1.32	24d	1	0.18mi
3851 59th Ave W Unit 3851 Bradenton, FL	2.0	2.0	912	$1,500	$1.64	24d	1	0.19mi
6050 34th St W Bradenton, FL	1.0–2.0	1.0	734	$1,610	$2.19	2d	19	0.35mi
3604 54th Dr W Bradenton, FL	2.0	2.0	1114	$4,050	$3.64	3d	3	0.37mi
3506 54th Dr W Bradenton, FL	1.0–2.0	1.0–2.0	953	$2,800	$2.94	3d	2	0.37mi
3605 54th Dr W Bradenton, FL	2.0	2.0	1166	$3,738	$3.21	3d	2	0.39mi
3401 54th Dr W Bradenton, FL	2.0–3.0	2.0–3.0	1293	$3,300	$2.55	3d	3	0.42mi
6033 34th St W Bradenton, FL	2.0	2.0	996	$1,500	$1.51	24d	2	0.48mi
6033 34th St W Bradenton, FL	2.0	2.0	942	$1,625	$1.73	3d	2	0.48mi
6033 34th St W Bradenton, FL	2.0	2.0	942	$1,550	$1.64	3d	3	0.48mi
4148 53rd Ave W Bradenton, FL	1.0–2.0	1.0–2.0	899	$2,412	$2.68	21d	10	0.54mi
4148 53rd Ave W Bradenton, FL	1.0–3.0	1.0–2.0	989	$2,550	$2.58	2d	1	0.54mi
4148 53rd Ave W Unit 0314 Bradenton, FL	2.0	2.0	1071	$1,967	$1.84	24d	1	0.54mi
4148 53rd Ave W Unit 1210 Bradenton, FL	2.0	2.0	1071	$1,932	$1.80	3d	1	0.54mi
6147 43rd St W Bradenton, FL	2.0	2.0	1116	$3,200	$2.87	24d	1	0.63mi
2713 60th Avenue Dr W Bradenton, FL	2.0	2.0	1076	$2,000	$1.86	24d	1	0.72mi
5400 26th St W Bradenton, FL	1.0–2.0	1.0–2.0	902	$1,651	$1.83	24d	1	0.79mi
4510 El Conquistador Pkwy #207 Bradenton, FL	2.0	2.0	1074	$3,400	$3.17	24d	1	0.79mi
3278 51st Avenue Dr W Unit 1 Bradenton, FL	2.0	1.0	850	$1,600	$1.88	24d	1	0.87mi
3277 51st Avenue Dr W Bradenton, FL	3.0	2.0	995	$1,760	$1.77	3d	1	0.89mi
586 Lakeside Dr Unit 586 Bradenton, FL	2.0	2.0	940	$3,200	$3.40	24d	1	0.92mi
184 Pineneedle Dr Bradenton, FL	2.0	2.0	940	$2,100	$2.23	24d	1	0.92mi
2547 60th Ave W Unit L-36 Bradenton, FL	1.0	1.0	576	$1,100	$1.91	16d	1	0.93mi
2423 60th Ave W Unit K29 Bradenton, FL	2.0	2.0	1026	$1,495	$1.46	24d	1	0.93mi
5310 26th St W Bradenton, FL	1.0–2.0	1.0	789	$1,450	$1.84	3d	4	0.93mi
5310 26th St W Bradenton, FL	1.0–2.0	1.0	789	$1,550	$1.96	20d	5	0.93mi
5310 26th St W Bradenton, FL	1.0–2.0	1.0	789	$1,450	$1.84	12d	5	0.93mi
3304 McDill Rd Bradenton, FL	2.0	1.0	1044	$1,695	$1.62	12d	1	0.94mi
2803 52nd Avenue Dr W Unit 2803 Bradenton, FL	2.0	1.0	750	$1,599	$2.13	24d	1	0.95mi
5996 Hibiscus Dr #6 Bradenton, FL	2.0	1.0	865	$1,550	$1.79	16d	1	0.95mi
5906 Garden Ln Unit A22 Bradenton, FL	2.0	2.0	840	$1,200	$1.43	3d	1	1.00mi

HOA detail condo

• Monthly dues: $460 · $5,520/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-18
   days on market $139,000 Active 442 DOM
2. 2026-06-17
   days on market $139,000 Active 441 DOM
3. 2026-06-16
   days on market $139,000 Active 440 DOM
4. 2026-06-15
   days on market $139,000 Active 439 DOM
5. 2026-06-13
   days on market $139,000 Active 437 DOM
6. 2026-06-13
   days on market $139,000 Active 436 DOM
7. 2026-06-10
   days on market $139,000 Active 434 DOM
8. 2026-06-09
   days on market $139,000 Active 433 DOM
9. 2026-06-08
   days on market $139,000 Active 432 DOM
10. 2026-06-08
    days on market $139,000 Active 431 DOM
11. 2026-06-03
    days on market $139,000 Active 427 DOM
12. 2026-06-02
    days on market $139,000 Active 426 DOM
13. 2026-06-01
    days on market $139,000 Active 425 DOM
14. 2026-05-31
    days on market $139,000 Active 424 DOM
15. 2026-03-16
    price $139,000
16. 2025-09-30
    status Active
17. 2025-09-28
    historical
18. 2025-08-12
    price $159,500
19. 2025-06-02
    price $165,000
20. 2025-03-31
    listed $185,000 Active
21. 2020-11-04
    soldstatus $117,500 Sold 964-char remark

    Show marketing remark (964 chars)

    All ages welcome. .. HOME WARRANTY COVERAGE TILL 7/30/2021 Most desirable-First Floor-- 2 bed-2 bath located in a quite, private area and is ready to move in or rent. Seller had home inspection done, A/C serviced, chimney inspected, windows serviced and has Condo spotless. Many updated items . . Laminate flooring, New shower heads and New bathroom faucets, New toilets, New microwave , Condo has been cleaned from top to bottom and is ready to move in. Mirror Lake has so much to offer from the beauty of the lake the condominiums were built around, Large heated pool, spa, grilling area, sun deck, picnic area, pickle ball, tennis, fitness room, sauna, playground, shuffle board and car wash station. Centrally located close to beaches, Walking to IMG Academy and State College of Florida. Minutes from the arts of Sarasota which includes the Ringling Museum, Sarasota International Airport and so much more. .. Just bring your things and move right in. .

22. 2020-10-12
    soldstatus $117,500
23. 2020-09-20
    status Pending 964-char remark

    Show marketing remark (964 chars)

    All ages welcome. .. HOME WARRANTY COVERAGE TILL 7/30/2021 Most desirable-First Floor-- 2 bed-2 bath located in a quite, private area and is ready to move in or rent. Seller had home inspection done, A/C serviced, chimney inspected, windows serviced and has Condo spotless. Many updated items . . Laminate flooring, New shower heads and New bathroom faucets, New toilets, New microwave , Condo has been cleaned from top to bottom and is ready to move in. Mirror Lake has so much to offer from the beauty of the lake the condominiums were built around, Large heated pool, spa, grilling area, sun deck, picnic area, pickle ball, tennis, fitness room, sauna, playground, shuffle board and car wash station. Centrally located close to beaches, Walking to IMG Academy and State College of Florida. Minutes from the arts of Sarasota which includes the Ringling Museum, Sarasota International Airport and so much more. .. Just bring your things and move right in. .

24. 2020-09-02
    listed $120,000 Active 964-char remark

    Show marketing remark (964 chars)

    All ages welcome. .. HOME WARRANTY COVERAGE TILL 7/30/2021 Most desirable-First Floor-- 2 bed-2 bath located in a quite, private area and is ready to move in or rent. Seller had home inspection done, A/C serviced, chimney inspected, windows serviced and has Condo spotless. Many updated items . . Laminate flooring, New shower heads and New bathroom faucets, New toilets, New microwave , Condo has been cleaned from top to bottom and is ready to move in. Mirror Lake has so much to offer from the beauty of the lake the condominiums were built around, Large heated pool, spa, grilling area, sun deck, picnic area, pickle ball, tennis, fitness room, sauna, playground, shuffle board and car wash station. Centrally located close to beaches, Walking to IMG Academy and State College of Florida. Minutes from the arts of Sarasota which includes the Ringling Museum, Sarasota International Airport and so much more. .. Just bring your things and move right in. .

25. 2020-07-31
    soldstatus $95,000
26. 2004-11-15
    soldstatus $121,000
27. 1999-06-24
    soldstatus $57,000
28. 1992-08-25
    soldstatus $50,900
29. 1985-11-01
    soldstatus $53,500

ⓘ 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: $2,271 · $189/mo
• Projected year-2 tax: $2,271 · $189/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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,406
• − Mortgage interest: −$7,786
• − Property taxes: −$2,271
• − Insurance: −$695
• − Repairs & maintenance: −$1,632
• − Management: −$1,632
• − HOA: −$5,520
• − Depreciation: −$4,044
• Taxable loss: −$3,176
• Est. tax savings @ 24.0%: +$762
• After-tax cash flow: $-351/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 — Bayshore Gardens

• Score: 82/100
• State rank: #72
• US rank: #1180

Category grades

Amenities B- Commute C- Cost of living A+ Crime C- Employment F 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
• City population: 33,840
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 17,682
• Household income: $64,244
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 895.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 20% Black 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3% Cuban 7%
• Common ancestry: Hispanic 4% Romanian 3% Lithuanian 3%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 76% English-only · Spanish 15% French/Haitian/Cajun 4% 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: ▼ -162.68%
• Current HPI: 246.9247
• Rent YoY: ▼ -6.08%
• 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

+159.8% since first listed

15 events — show timeline

• 2026-03-16 Price Changed $139,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-09-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-12 Price Changed $159,500 Stellar MLS as Distributed by MLS Grid
• 2025-06-02 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-31 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2020-11-04 Sold (MLS) $117,500 Stellar MLS as Distributed by MLS Grid
• 2020-10-12 Sold (Public Records) $117,500 Public Records
• 2020-09-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-09-02 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2020-07-31 Sold (Public Records) $95,000 Public Records
• 2004-11-15 Sold (Public Records) $121,000 Public Records
• 1999-06-24 Sold (Public Records) $57,000 Public Records
• 1992-08-25 Sold (Public Records) $50,900 Public Records
• 1985-11-01 Sold (Public Records) $53,500 Public Records

Property tax history

+8.4%/yr

Latest (2025): $2,271 · -2.9% YoY. Source: county tax records.