5800 Sabal Trace Dr #1302 · North Port, FL 34287

$189,000

2 bd · 2.0 ba · 1,313 sqft · Condo public records · 423 Days on market

Built 2003 $383/mo HOA · 18% 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 +10.5/30.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• DSCR +3.0/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW, New Price! Come enjoy this beautiful completely updated MOVE IN READY 2 bedroom 2 bath condo in Sabal Trace at Linkside! This spacious home with over 1300 sq ft is light and bright with new 32”X32” soft gray porcelain tile throughout the main living area. Lots of windows to allow in the natural light and provide a great open feel. The updated kitchen is enhanced with new appliances, white cabinetry with under cabinet lighting and recessed over cabinet lighting, rich looking quartz counter tops, and window over the stainless steel sink. The dinette area just off the kitchen is surrounded by windows for even more of an open feel… the perfect place to start your day! The combination dining room, with new light fixture, and living area are complimented with sliding doors that lead out to your private balcony. The generous size primary bedroom has new carpeting, with ensuite bath, two closets, walk in shower, vanity with dual sinks. The primary bedroom also features sliding doors that lead out to your private balcony. This is a true split floor plan with the nice size guest bedroom, with new carpeting, is located on the opposite side of the home providing the ultimate in privacy for you and your guests. The adjacent guest bathroom offers a shower/tub combination, white cabinet vanity. Lots of extras in this special home including, nice size laundry room, large storage closet, storm door, all new comfort height commodes, all freshly painted inside, Hunter Douglas blinds and Vertiglide shades, updated plumbing fixtures, newer AC 2022, and newer water heater 2023! The HOA is making all repairs from previous storms to the Linkside Community and it will be back to it previous glory to make everything like new again! Roof replacements, repairs, painting, new carports and dumpster areas have been completely rebuilt. This location is ideal, close to restaurants, shopping, local beaches, Cool Today Park and Warm Mineral Springs. NOW is the time to make this home yours and enjoy the carefree Florida lifestyle!

Key facts

• Large storage closet
• Private balcony
• Laundry room

Tags

• UPDATED KITCHEN
• PRIVATE BALCONY
• SPLIT FLOOR PLAN
• LAUNDRY ROOM
• LARGE STORAGE CLOSET
• STORM DOOR

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $189k.

Deal economics

• At list price, monthly cash flow is $-95 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (8.9% below list).
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $166k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.7% vs local median 3.8% in North Port — 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 75/100 on livability (#252 in FL, #3,975 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute 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.
• Zoned schools: Lamarque Elementary School (math 61% / reading 58%, grade B-, #690 of 2,144 statewide, top 34%, 1,073 students, 68% FRL); Heron Creek Middle School (math 54% / reading 52%, grade C+, #209 of 571 statewide, top 37%, 902 students, 72% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 65% FRL vs 42% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 857 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 40% of the median local income ($63k/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 $6k 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 423 days — a 12% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $109k; list at $189k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $166,320 (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 423 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.11% ✓
• Cap rate: 5.69%
• Cash-on-cash: -2.16%
• DSCR: 0.90
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -24.0%
• Equity multiple: 0.21×
• Total profit: $-41,996
• Equity at exit: $28,181

10-year hold

• IRR: -34.8%
• Equity multiple: -0.23×
• Total profit: $-64,933
• Equity at exit: $16,341

Cash invested: $52,920 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 857
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,090 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$293 /mo · $3,517/yr
• Insurance: −$79
• HOA: −$383
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $-95

Break-even live

Break-even rent $2,210

Max offer price $172,180

Occupancy floor 100%

Sensitivity live

Price	-10% $12	-5% $-42	+0% $-95	+5% $-149	+10% $-202
Rent	-10% $-260	-5% $-178	+0% $-95	+5% $-13	+10% $70
Rate	-1.0pp $0	-0.5pp $-47	base $-95	+0.5pp $-144	+1.0pp $-194

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12395 Chancellor Blvd Port Charlotte, FL	2.0	1.0	1004	$1,600	$1.59	23d	1	1.26mi
170 Saluda Ter Port Charlotte, FL	3.0	2.0	1680	$3,100	$1.85	23d	1	1.29mi

HOA detail condo

• Monthly dues: $383 · $4,596/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-21
   days on market $189,000 Active 423 DOM
2. 2026-06-18
   days on market $189,000 Active 420 DOM
3. 2026-06-17
   days on market $189,000 Active 419 DOM
4. 2026-06-15
   days on market $189,000 Active 417 DOM
5. 2026-06-13
   days on market $189,000 Active 415 DOM
6. 2026-06-13
   pricedays on market $189,000 Active 414 DOM
7. 2026-06-10
   days on market $209,000 Active 412 DOM
8. 2026-06-09
   days on market $209,000 Active 411 DOM
9. 2026-06-08
   days on market $209,000 Active 409 DOM
10. 2026-06-05
    days on market $209,000 Active 406 DOM
11. 2026-06-03
    days on market $209,000 Active 405 DOM
12. 2026-06-02
    days on market $209,000 Active 404 DOM
13. 2026-06-01
    days on market $209,000 Active 403 DOM
14. 2026-05-31
    days on market $209,000 Active 402 DOM
15. 2026-04-16
    price $209,000 2056-char remark

    Show marketing remark (2056 chars)

    WOW, New Price! Come enjoy this beautiful completely updated MOVE IN READY 2 bedroom 2 bath condo in Sabal Trace at Linkside! This spacious home with over 1300 sq ft is light and bright with new 32”X32” soft gray porcelain tile throughout the main living area. Lots of windows to allow in the natural light and provide a great open feel. The updated kitchen is enhanced with new appliances, white cabinetry with under cabinet lighting and recessed over cabinet lighting, rich looking quartz counter tops, and window over the stainless steel sink. The dinette area just off the kitchen is surrounded by windows for even more of an open feel… the perfect place to start your day! The combination dining room, with new light fixture, and living area are complimented with sliding doors that lead out to your private balcony. The generous size primary bedroom has new carpeting, with ensuite bath, two closets, walk in shower, vanity with dual sinks. The primary bedroom also features sliding doors that lead out to your private balcony. This is a true split floor plan with the nice size guest bedroom, with new carpeting, is located on the opposite side of the home providing the ultimate in privacy for you and your guests. The adjacent guest bathroom offers a shower/tub combination, white cabinet vanity. Lots of extras in this special home including, nice size laundry room, large storage closet, storm door, all new comfort height commodes, all freshly painted inside, Hunter Douglas blinds and Vertiglide shades, updated plumbing fixtures, newer AC 2022, and newer water heater 2023! The HOA is making all repairs from previous storms to the Linkside Community and it will be back to it previous glory to make everything like new again! Roof replacements, repairs, painting, new carports and dumpster areas have been completely rebuilt. This location is ideal, close to restaurants, shopping, local beaches, Cool Today Park and Warm Mineral Springs. NOW is the time to make this home yours and enjoy the carefree Florida lifestyle!

16. 2026-02-13
    price $219,000 2056-char remark

    Show marketing remark (2056 chars)

    WOW, New Price! Come enjoy this beautiful completely updated MOVE IN READY 2 bedroom 2 bath condo in Sabal Trace at Linkside! This spacious home with over 1300 sq ft is light and bright with new 32”X32” soft gray porcelain tile throughout the main living area. Lots of windows to allow in the natural light and provide a great open feel. The updated kitchen is enhanced with new appliances, white cabinetry with under cabinet lighting and recessed over cabinet lighting, rich looking quartz counter tops, and window over the stainless steel sink. The dinette area just off the kitchen is surrounded by windows for even more of an open feel… the perfect place to start your day! The combination dining room, with new light fixture, and living area are complimented with sliding doors that lead out to your private balcony. The generous size primary bedroom has new carpeting, with ensuite bath, two closets, walk in shower, vanity with dual sinks. The primary bedroom also features sliding doors that lead out to your private balcony. This is a true split floor plan with the nice size guest bedroom, with new carpeting, is located on the opposite side of the home providing the ultimate in privacy for you and your guests. The adjacent guest bathroom offers a shower/tub combination, white cabinet vanity. Lots of extras in this special home including, nice size laundry room, large storage closet, storm door, all new comfort height commodes, all freshly painted inside, Hunter Douglas blinds and Vertiglide shades, updated plumbing fixtures, newer AC 2022, and newer water heater 2023! The HOA is making all repairs from previous storms to the Linkside Community and it will be back to it previous glory to make everything like new again! Roof replacements, repairs, painting, new carports and dumpster areas have been completely rebuilt. This location is ideal, close to restaurants, shopping, local beaches, Cool Today Park and Warm Mineral Springs. NOW is the time to make this home yours and enjoy the carefree Florida lifestyle!

17. 2025-09-04
    price $229,000 2056-char remark

    Show marketing remark (2056 chars)

    WOW, New Price! Come enjoy this beautiful completely updated MOVE IN READY 2 bedroom 2 bath condo in Sabal Trace at Linkside! This spacious home with over 1300 sq ft is light and bright with new 32”X32” soft gray porcelain tile throughout the main living area. Lots of windows to allow in the natural light and provide a great open feel. The updated kitchen is enhanced with new appliances, white cabinetry with under cabinet lighting and recessed over cabinet lighting, rich looking quartz counter tops, and window over the stainless steel sink. The dinette area just off the kitchen is surrounded by windows for even more of an open feel… the perfect place to start your day! The combination dining room, with new light fixture, and living area are complimented with sliding doors that lead out to your private balcony. The generous size primary bedroom has new carpeting, with ensuite bath, two closets, walk in shower, vanity with dual sinks. The primary bedroom also features sliding doors that lead out to your private balcony. This is a true split floor plan with the nice size guest bedroom, with new carpeting, is located on the opposite side of the home providing the ultimate in privacy for you and your guests. The adjacent guest bathroom offers a shower/tub combination, white cabinet vanity. Lots of extras in this special home including, nice size laundry room, large storage closet, storm door, all new comfort height commodes, all freshly painted inside, Hunter Douglas blinds and Vertiglide shades, updated plumbing fixtures, newer AC 2022, and newer water heater 2023! The HOA is making all repairs from previous storms to the Linkside Community and it will be back to it previous glory to make everything like new again! Roof replacements, repairs, painting, new carports and dumpster areas have been completely rebuilt. This location is ideal, close to restaurants, shopping, local beaches, Cool Today Park and Warm Mineral Springs. NOW is the time to make this home yours and enjoy the carefree Florida lifestyle!

18. 2025-04-24
    listed $240,000 Active 2056-char remark

    Show marketing remark (2056 chars)

    WOW, New Price! Come enjoy this beautiful completely updated MOVE IN READY 2 bedroom 2 bath condo in Sabal Trace at Linkside! This spacious home with over 1300 sq ft is light and bright with new 32”X32” soft gray porcelain tile throughout the main living area. Lots of windows to allow in the natural light and provide a great open feel. The updated kitchen is enhanced with new appliances, white cabinetry with under cabinet lighting and recessed over cabinet lighting, rich looking quartz counter tops, and window over the stainless steel sink. The dinette area just off the kitchen is surrounded by windows for even more of an open feel… the perfect place to start your day! The combination dining room, with new light fixture, and living area are complimented with sliding doors that lead out to your private balcony. The generous size primary bedroom has new carpeting, with ensuite bath, two closets, walk in shower, vanity with dual sinks. The primary bedroom also features sliding doors that lead out to your private balcony. This is a true split floor plan with the nice size guest bedroom, with new carpeting, is located on the opposite side of the home providing the ultimate in privacy for you and your guests. The adjacent guest bathroom offers a shower/tub combination, white cabinet vanity. Lots of extras in this special home including, nice size laundry room, large storage closet, storm door, all new comfort height commodes, all freshly painted inside, Hunter Douglas blinds and Vertiglide shades, updated plumbing fixtures, newer AC 2022, and newer water heater 2023! The HOA is making all repairs from previous storms to the Linkside Community and it will be back to it previous glory to make everything like new again! Roof replacements, repairs, painting, new carports and dumpster areas have been completely rebuilt. This location is ideal, close to restaurants, shopping, local beaches, Cool Today Park and Warm Mineral Springs. NOW is the time to make this home yours and enjoy the carefree Florida lifestyle!

19. 2003-03-14
    soldstatus $108,600
20. 1997-08-15
    soldstatus $135,000

ⓘ 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: $3,517 · $293/mo
• Projected year-2 tax: $3,517 · $293/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 5/10 Major FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,074
• − Mortgage interest: −$10,587
• − Property taxes: −$3,517
• − Insurance: −$945
• − Repairs & maintenance: −$2,006
• − Management: −$2,006
• − HOA: −$4,596
• − Depreciation: −$5,498
• Taxable loss: −$4,080
• Est. tax savings @ 24.0%: +$979
• After-tax cash flow: $-163/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 — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 25,929
• Household income: $63,464
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 522.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 7% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Lithuanian 3%
• Foreign-born: 16% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 5% French/Haitian/Cajun 2%

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: ▼ -70.89%
• Current HPI: 280.8484
• Rent YoY: ▲ 0.26%
• 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

+54.8% since first listed

6 events — show timeline

• 2026-04-16 Price Changed $209,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Price Changed $219,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-04 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-24 Listed $240,000 Stellar MLS as Distributed by MLS Grid
• 2003-03-14 Sold (Public Records) $108,600 Public Records
• 1997-08-15 Sold (Public Records) $135,000 Public Records

Property tax history

+6.1%/yr

Latest (2025): $3,517 · +7.1% YoY. Source: county tax records.