212 LA Costa · Warm Mineral Springs, FL 34287

$130,000

2 bd · 2.0 ba · 1,324 sqft · Manufactured public records · 246 Days on market

Built 1978 5,525 sqft lot $191/mo HOA · 11% of rent

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Why this score? — see what drove the B- 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 +26.9/30.0
• DSCR +9.3/10.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.3/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into a warm and inviting entryway that seamlessly flows into a charming kitchen, complete with newer appliances, a convenient pantry, and a cozy dining area. Adjoining is a formal dining room featuring a beautifully crafted built-in hutch, perfect for showcasing your treasured collectibles. Both the dining and living rooms are enhanced by sliding doors that lead to the glass-enclosed Florida room, where you can bask in breathtaking views of the sparkling lake. The guest bedroom offers a built-in closet for added convenience, while the guest bathroom is designed with a tasteful vanity, a linen chest, and a delightful tub/shower combination. Retreat to the primary bedroom, a serene haven that includes a dressing area with a stylish vanity and an expansive walk-in closet. The primary bathroom is a luxurious escape, featuring a sleek walk-in shower. This lovely home is not only adorned with newer appliances and water heater but also boasts a carport that connects to a practical utility room complete with a dryer. Experience the perfect blend of comfort and elegance in this delightful home! La Casa offers the ultimate lifestyle on Florida’s Gulf Coast is located between Sarasota and Fort Myers. It is convenient for shopping, sightseeing, golfing, fishing, and boating, as well as the culture and elegance for which Southwest Florida is noted. Residents and visitors enjoy the warmth of Southwest Florida winters in a relaxed and unhurried environment far removed from the hustle of Florida’s east coast. You’ll be surrounded by hundreds of palms reaching for the sky and beautiful mature lush landscaping which demonstrates the utmost level of care our property receives from residents and management. Wireless Internet (Wi-Fi) is available at the Clubhouse, Activity Building, and Recreation Hall area where our pools & spas are located, so you can catch some rays while you catch up on your email! Sound enticing? La Casa is a friendly, family community. You will be away from the hustle and bustle except when you want to be part of it. When you leave our gates, North Port is only 1.5 miles from the city center, where you will find every kind of retail store and service you could need. Come for a visit to this self-contained oasis and see for yourself why La Casa is the ultimate destination for both snowbirds and year-round.

Key facts

• Cozy dining area
• Charming kitchen
• Convenient pantry

Tags

• WARM INVITING ENTRYWAY
• CHARMING KITCHEN
• CONVENIENT PANTRY
• COZY DINING AREA
• BUILT-IN HUTCH
• GLASS-ENCLOSED FLORIDA ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#604 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools D-, 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.
• Market conditions: Rents flat; 852 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 34% 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 $899 of loan paydown is wiped out by about $4k 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 246 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $57k; list at $130k implies a 128% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 6→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 246 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.38% ✓
• Cap rate: 9.61%
• Cash-on-cash: 11.86%
• DSCR: 1.53
• GRM: 6.1

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: -5.4%
• Equity multiple: 0.81×
• Total profit: $-7,026
• Equity at exit: $19,383

10-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-56
• Equity at exit: $11,240

Cash invested: $36,400 (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: 852
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,790 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$127 /mo · $1,525/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$191
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $293

Break-even live

Break-even rent $1,418

Max offer price $130,000

Occupancy floor 79%

Sensitivity live

Price	-10% $367	-5% $330	+0% $293	+5% $256	+10% $220
Rent	-10% $152	-5% $223	+0% $293	+5% $364	+10% $435
Rate	-1.0pp $359	-0.5pp $326	base $293	+0.5pp $260	+1.0pp $225

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $191 · $2,292/yr
• Likely covers: waterinternetlandscapingpool

Listing history 8 events

1. 2026-05-13
   price $130,000 2378-char remark

   Show marketing remark (2378 chars)

   Step into a warm and inviting entryway that seamlessly flows into a charming kitchen, complete with newer appliances, a convenient pantry, and a cozy dining area. Adjoining is a formal dining room featuring a beautifully crafted built-in hutch, perfect for showcasing your treasured collectibles. Both the dining and living rooms are enhanced by sliding doors that lead to the glass-enclosed Florida room, where you can bask in breathtaking views of the sparkling lake. The guest bedroom offers a built-in closet for added convenience, while the guest bathroom is designed with a tasteful vanity, a linen chest, and a delightful tub/shower combination. Retreat to the primary bedroom, a serene haven that includes a dressing area with a stylish vanity and an expansive walk-in closet. The primary bathroom is a luxurious escape, featuring a sleek walk-in shower. This lovely home is not only adorned with newer appliances and water heater but also boasts a carport that connects to a practical utility room complete with a dryer. Experience the perfect blend of comfort and elegance in this delightful home! La Casa offers the ultimate lifestyle on Florida’s Gulf Coast is located between Sarasota and Fort Myers. It is convenient for shopping, sightseeing, golfing, fishing, and boating, as well as the culture and elegance for which Southwest Florida is noted. Residents and visitors enjoy the warmth of Southwest Florida winters in a relaxed and unhurried environment far removed from the hustle of Florida’s east coast. You’ll be surrounded by hundreds of palms reaching for the sky and beautiful mature lush landscaping which demonstrates the utmost level of care our property receives from residents and management. Wireless Internet (Wi-Fi) is available at the Clubhouse, Activity Building, and Recreation Hall area where our pools & spas are located, so you can catch some rays while you catch up on your email! Sound enticing? La Casa is a friendly, family community. You will be away from the hustle and bustle except when you want to be part of it. When you leave our gates, North Port is only 1.5 miles from the city center, where you will find every kind of retail store and service you could need. Come for a visit to this self-contained oasis and see for yourself why La Casa is the ultimate destination for both snowbirds and year-round.

2. 2026-03-26
   price $140,000 2378-char remark

   Show marketing remark (2378 chars)

   Step into a warm and inviting entryway that seamlessly flows into a charming kitchen, complete with newer appliances, a convenient pantry, and a cozy dining area. Adjoining is a formal dining room featuring a beautifully crafted built-in hutch, perfect for showcasing your treasured collectibles. Both the dining and living rooms are enhanced by sliding doors that lead to the glass-enclosed Florida room, where you can bask in breathtaking views of the sparkling lake. The guest bedroom offers a built-in closet for added convenience, while the guest bathroom is designed with a tasteful vanity, a linen chest, and a delightful tub/shower combination. Retreat to the primary bedroom, a serene haven that includes a dressing area with a stylish vanity and an expansive walk-in closet. The primary bathroom is a luxurious escape, featuring a sleek walk-in shower. This lovely home is not only adorned with newer appliances and water heater but also boasts a carport that connects to a practical utility room complete with a dryer. Experience the perfect blend of comfort and elegance in this delightful home! La Casa offers the ultimate lifestyle on Florida’s Gulf Coast is located between Sarasota and Fort Myers. It is convenient for shopping, sightseeing, golfing, fishing, and boating, as well as the culture and elegance for which Southwest Florida is noted. Residents and visitors enjoy the warmth of Southwest Florida winters in a relaxed and unhurried environment far removed from the hustle of Florida’s east coast. You’ll be surrounded by hundreds of palms reaching for the sky and beautiful mature lush landscaping which demonstrates the utmost level of care our property receives from residents and management. Wireless Internet (Wi-Fi) is available at the Clubhouse, Activity Building, and Recreation Hall area where our pools & spas are located, so you can catch some rays while you catch up on your email! Sound enticing? La Casa is a friendly, family community. You will be away from the hustle and bustle except when you want to be part of it. When you leave our gates, North Port is only 1.5 miles from the city center, where you will find every kind of retail store and service you could need. Come for a visit to this self-contained oasis and see for yourself why La Casa is the ultimate destination for both snowbirds and year-round.

3. 2025-12-03
   status Active 2378-char remark

   Show marketing remark (2378 chars)

   Step into a warm and inviting entryway that seamlessly flows into a charming kitchen, complete with newer appliances, a convenient pantry, and a cozy dining area. Adjoining is a formal dining room featuring a beautifully crafted built-in hutch, perfect for showcasing your treasured collectibles. Both the dining and living rooms are enhanced by sliding doors that lead to the glass-enclosed Florida room, where you can bask in breathtaking views of the sparkling lake. The guest bedroom offers a built-in closet for added convenience, while the guest bathroom is designed with a tasteful vanity, a linen chest, and a delightful tub/shower combination. Retreat to the primary bedroom, a serene haven that includes a dressing area with a stylish vanity and an expansive walk-in closet. The primary bathroom is a luxurious escape, featuring a sleek walk-in shower. This lovely home is not only adorned with newer appliances and water heater but also boasts a carport that connects to a practical utility room complete with a dryer. Experience the perfect blend of comfort and elegance in this delightful home! La Casa offers the ultimate lifestyle on Florida’s Gulf Coast is located between Sarasota and Fort Myers. It is convenient for shopping, sightseeing, golfing, fishing, and boating, as well as the culture and elegance for which Southwest Florida is noted. Residents and visitors enjoy the warmth of Southwest Florida winters in a relaxed and unhurried environment far removed from the hustle of Florida’s east coast. You’ll be surrounded by hundreds of palms reaching for the sky and beautiful mature lush landscaping which demonstrates the utmost level of care our property receives from residents and management. Wireless Internet (Wi-Fi) is available at the Clubhouse, Activity Building, and Recreation Hall area where our pools & spas are located, so you can catch some rays while you catch up on your email! Sound enticing? La Casa is a friendly, family community. You will be away from the hustle and bustle except when you want to be part of it. When you leave our gates, North Port is only 1.5 miles from the city center, where you will find every kind of retail store and service you could need. Come for a visit to this self-contained oasis and see for yourself why La Casa is the ultimate destination for both snowbirds and year-round.

4. 2025-09-24
   listed $150,000 Active 2378-char remark

   Show marketing remark (2378 chars)

   Step into a warm and inviting entryway that seamlessly flows into a charming kitchen, complete with newer appliances, a convenient pantry, and a cozy dining area. Adjoining is a formal dining room featuring a beautifully crafted built-in hutch, perfect for showcasing your treasured collectibles. Both the dining and living rooms are enhanced by sliding doors that lead to the glass-enclosed Florida room, where you can bask in breathtaking views of the sparkling lake. The guest bedroom offers a built-in closet for added convenience, while the guest bathroom is designed with a tasteful vanity, a linen chest, and a delightful tub/shower combination. Retreat to the primary bedroom, a serene haven that includes a dressing area with a stylish vanity and an expansive walk-in closet. The primary bathroom is a luxurious escape, featuring a sleek walk-in shower. This lovely home is not only adorned with newer appliances and water heater but also boasts a carport that connects to a practical utility room complete with a dryer. Experience the perfect blend of comfort and elegance in this delightful home! La Casa offers the ultimate lifestyle on Florida’s Gulf Coast is located between Sarasota and Fort Myers. It is convenient for shopping, sightseeing, golfing, fishing, and boating, as well as the culture and elegance for which Southwest Florida is noted. Residents and visitors enjoy the warmth of Southwest Florida winters in a relaxed and unhurried environment far removed from the hustle of Florida’s east coast. You’ll be surrounded by hundreds of palms reaching for the sky and beautiful mature lush landscaping which demonstrates the utmost level of care our property receives from residents and management. Wireless Internet (Wi-Fi) is available at the Clubhouse, Activity Building, and Recreation Hall area where our pools & spas are located, so you can catch some rays while you catch up on your email! Sound enticing? La Casa is a friendly, family community. You will be away from the hustle and bustle except when you want to be part of it. When you leave our gates, North Port is only 1.5 miles from the city center, where you will find every kind of retail store and service you could need. Come for a visit to this self-contained oasis and see for yourself why La Casa is the ultimate destination for both snowbirds and year-round.

5. 2013-03-01
   soldstatus $57,000
6. 2013-02-22
   soldstatus $57,000 1044-char remark

   Show marketing remark (1044 chars)

   "Active with a Contract". NEAT , CLEAN & SPACIOUS! Freshly painted inside , new carpet, thermal curtains, new dishwasher. newer stove, refrigerator, microwave, washer & dryer. Beautiful Lake View in the Pet section . .. .. Twin Lakes Model located in a 24 hr gated and staffed community. The home features include 2 Bedrooms, 2 Baths , Eat in Kitchen , Spacious Formal dining room , Large living room, and sliders that lead to the Florida room / or Study that overlooks the Lake . Utility shed or workshop that offers plenty of room for storage. La Casa is a Resident Owned Co -Op that is considered the Finest 55 plus community in the area. 2 pools , Hot Tubs, Sauna , 6 Tennis Courts , Exercise Room, Shuffle Board, 2 Clubhouses , Bocce, Computer Room , Activity Center & Several Lakes. Above all what is highly desirable is La Casa has its own Boat Ramp located on the River that leads you right out to the Gulf , several Docks , small Fishing pier , Outdoor Storage area for Parking Boats & RV's.

7. 2012-09-28
   listed $65,000 1044-char remark

   Show marketing remark (1044 chars)

   "Active with a Contract". NEAT , CLEAN & SPACIOUS! Freshly painted inside , new carpet, thermal curtains, new dishwasher. newer stove, refrigerator, microwave, washer & dryer. Beautiful Lake View in the Pet section . .. .. Twin Lakes Model located in a 24 hr gated and staffed community. The home features include 2 Bedrooms, 2 Baths , Eat in Kitchen , Spacious Formal dining room , Large living room, and sliders that lead to the Florida room / or Study that overlooks the Lake . Utility shed or workshop that offers plenty of room for storage. La Casa is a Resident Owned Co -Op that is considered the Finest 55 plus community in the area. 2 pools , Hot Tubs, Sauna , 6 Tennis Courts , Exercise Room, Shuffle Board, 2 Clubhouses , Bocce, Computer Room , Activity Center & Several Lakes. Above all what is highly desirable is La Casa has its own Boat Ramp located on the River that leads you right out to the Gulf , several Docks , small Fishing pier , Outdoor Storage area for Parking Boats & RV's.

8. 2001-11-27
   soldstatus $58,500

ⓘ 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: $1,525 · $127/mo
• Projected year-2 tax: $1,525 · $127/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 24 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: $21,475
• − Mortgage interest: −$7,282
• − Property taxes: −$1,525
• − Insurance: −$1,448
• − Repairs & maintenance: −$1,718
• − Management: −$1,718
• − HOA: −$2,292
• − Depreciation: −$3,782
• Taxable income: $1,710
• Est. tax owed @ 24.0%: −$410
• After-tax cash flow: $3,109/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 — Warm Mineral Springs

• Score: 66/100
• State rank: #604
• US rank: #11606

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warm Mineral Springs, 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

+122.2% since first listed

8 events — show timeline

• 2026-05-13 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-26 Price Changed $140,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-09-24 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2013-03-01 Sold (Public Records) $57,000 Public Records
• 2013-02-22 Sold (MLS) $57,000 Stellar MLS as Distributed by MLS Grid
• 2012-09-28 Listed $65,000 Stellar MLS as Distributed by MLS Grid
• 2001-11-27 Sold (Public Records) $58,500 Public Records

Property tax history

+7.8%/yr

Latest (2025): $1,525 · +74.5% YoY. Source: county tax records.