4990 Baraldi Cir #209 · Sarasota, FL 34235

$219,000

2 bd · 2.0 ba · 1,246 sqft · Condo · 228 Days on market

Built 2002 Good condition $176/sqft · 27% below area Est $302k · 27% under $616/mo HOA · 29% 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 +15.0/15.0
• Cash flow +5.7/30.0
• Rent growth +4.9/5.0
• 1% rule +4.7/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• DSCR +0.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this exquisite townhome in the sought-after Las Palmas of Sarasota, set within a serene gated community featuring tranquil fountains and natural preserves. This impeccably maintained two-bedroom, two-bath townhome, complete with a spacious one-car garage, boasts impressive upgrades, including crown molding, fresh interior paint, and a brand-new roof installed in 2023. The AC and water heater were also replaced in 2023, while a new dryer and dishwasher were added in 2025. The kitchen showcases wood cabinets and stunning granite countertops in addition to the tile backsplash, and the living areas are adorned with elegant tile flooring, complemented by cozy laminate in the bedrooms and stylish wood staircases. Las Palmas offers resort-style amenities such as two heated pools, a hot tub, grilling stations, a clubhouse with a catering kitchen, billiards, fitness centers, a sauna, a playground, a dog park, a boat and RV parking lot, a car wash area, and tennis courts. Plus, there's convenient access to Nathan Benderson Park from a new gate. Located in one of Sarasota’s prime areas, this townhome is just minutes from UTC mall, Mote Aquarium, and a variety of shops and restaurants. Don’t miss out on this incredible lifestyle opportunity—schedule your showing today!

Key facts

• Gated community
• Natural preserves
• Tranquil fountains

Tags

• GATED COMMUNITY
• TRANQUIL FOUNTAINS
• NATURAL PRESERVES
• CROWN MOLDING
• NEW ROOF
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $219k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-444 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $155k (29.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (2.6% below list).
• Recommended offer: $155k (29.4% below list) — sets the bar for cash-flow.
• Cap rate 3.9% vs local median 2.0% in Sarasota — 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 80/100 on livability (#121 in FL, #1,854 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, commute A; Watch: crime 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: Emma E. Booker Elementary School (math 35% / reading 32%, grade F, #1,758 of 2,144 statewide, top 83%, 468 students, 93% FRL); Booker Middle School (math 45% / reading 41%, grade D-, #331 of 571 statewide, top 59%, 950 students, 76% FRL); Booker High School (math 26% / reading 43%, grade F, #386 of 667 statewide, top 59%, 1,309 students, 68% FRL) — zoned schools average 79% FRL vs 42% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 37% at this address vs 63% district-wide (-26 pts) — the specific schools serving this property underperform the Sarasota average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+9.7%/yr); 249 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 32% 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 $7k 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 228 days — a 12% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 29% 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 $154,720 (29.4% 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 228 days. Have you received any prior offers? Is the seller open to a 29% 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. 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?
10. 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.
11. 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.
12. 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: 0.97% ✗
• Cap rate: 3.86%
• Cash-on-cash: -8.69%
• DSCR: 0.61
• GRM: 8.6

CMA / ARV

• ARV (median comp): $301,531
• List price: $219,000
• Delta: -27.37%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7612 Plantation Cir	1.46mi	2/2.5	1,168 (-6%)	3mo	$225,000	$193	50
7589 Plantation Cir	1.46mi	2/2.5	1,168 (-6%)	4mo	$275,000	$235	50
7534 Plantation Cir	1.32mi	2/2.5	1,156 (-7%)	5mo	$200,000	$173	47
7580 Plantation Cir	1.40mi	3/2.5 (+1)	1,282 (+3%)	9mo	$272,500	$213	46
7593 Plantation Cir	1.42mi	2/2.5	1,156 (-7%)	6mo	$250,000	$216	46
7631 Plantation Cir	1.49mi	3/2.5 (+1)	1,282 (+3%)	10mo	$262,500	$205	44
7576 Plantation Cir	1.39mi	2/2.5	1,156 (-7%)	12mo	$255,000	$221	41
7906 ST Simons St #7906	1.45mi	2/2.0	1,512 (+21%)	0mo	$392,500	$260	40
8073 Tybee Ct	1.35mi	2/2.0	1,512 (+21%)	7mo	$395,000	$261	34
8045 Tybee Ct #8045	1.40mi	2/2.0	1,557 (+25%)	12mo	$375,000	$241	30
8043 ST Simons St	1.39mi	2/2.0	1,557 (+25%)	12mo	$350,000	$225	30
7946 Tybee Ct	1.45mi	2/2.0	1,512 (+21%)	13mo	$385,000	$255	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -23.4%
• Equity multiple: 0.15×
• Total profit: $-52,096
• Equity at exit: $32,654

10-year hold

• IRR: -5.6%
• Equity multiple: 0.53×
• Total profit: $-28,817
• Equity at exit: $18,935

Cash invested: $61,320 (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 →

Active competition Active MLS

• For sale now: 4 active · 5 under contract
• Median asking: $262,200 ($225/sqft)
• Median days on market: 192 d
• This list price: 25% of active listings are priced below it
• ARV vs active asking: +7.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34235

• Rents YoY: 9.7%
• Active inventory: 249
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,133 high
• Mortgage (P&I): −$1,148
• Tax est. 1.5%: −$274 /mo · $3,285/yr
• Insurance: −$91
• HOA: −$616
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $-444

Break-even live

Break-even rent $2,696

Max offer price $154,720

Occupancy floor —

Sensitivity live

Price	-10% $-293	-5% $-369	+0% $-444	+5% $-520	+10% $-596
Rent	-10% $-613	-5% $-528	+0% $-444	+5% $-360	+10% $-276
Rate	-1.0pp $-334	-0.5pp $-389	base $-444	+0.5pp $-501	+1.0pp $-559

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: $54,750
• Closing costs: $6,570
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7780 Plantation Cir Bradenton, FL	2.0	2.5	1168	$1,900	$1.63	27d	1	1.41mi
7755 Plantation Cir Bradenton, FL	3.0	2.5	1282	$2,600	$2.03	72d	1	1.44mi
7743 Plantation Cir Bradenton, FL	2.0	2.5	1252	$1,595	$1.27	25d	1	1.44mi
7702 Plantation Cir Bradenton, FL	3.0	2.5	1282	$2,300	$1.79	19d	1	1.45mi
7658 Plantation Cir Bradenton, FL	3.0	2.5	1282	$2,250	$1.76	47d	1	1.50mi
7654 Plantation Cir Bradenton, FL	2.0	2.5	1156	$1,900	$1.64	41d	1	1.50mi

HOA detail $616/mo · $7,392/yr condo

• Likely covers: waterpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-08-08
   days on market $219,000 Active 228 DOM
2. 2026-08-07
   days on market $219,000 Active 227 DOM
3. 2026-08-06
   days on market $219,000 Active 226 DOM
4. 2026-08-05
   days on market $219,000 Active 225 DOM
5. 2026-08-04
   days on market $219,000 Active 224 DOM
6. 2026-08-03
   days on market $219,000 Active 223 DOM
7. 2026-07-31
   days on market $219,000 Active 220 DOM
8. 2026-07-30
   days on market $219,000 Active 218 DOM
9. 2026-07-24
   days on market $219,000 Active 213 DOM
10. 2026-07-23
    days on market $219,000 Active 212 DOM
11. 2026-07-22
    days on market $219,000 Active 211 DOM
12. 2026-07-21
    days on market $219,000 Active 210 DOM
13. 2026-07-20
    days on market $219,000 Active 209 DOM
14. 2026-07-18
    days on market $219,000 Active 207 DOM
15. 2026-07-18
    days on market $219,000 Active 206 DOM
16. 2026-07-16
    days on market $219,000 Active 205 DOM
17. 2026-07-15
    days on market $219,000 Active 204 DOM
18. 2026-07-13
    days on market $219,000 Active 202 DOM
19. 2026-07-13
    days on market $219,000 Active 201 DOM
20. 2026-07-11
    days on market $219,000 Active 200 DOM
21. 2026-07-10
    days on market $219,000 Active 199 DOM
22. 2026-07-09
    days on market $219,000 Active 198 DOM
23. 2026-07-07
    days on market $219,000 Active 196 DOM
24. 2026-07-06
    days on market $219,000 Active 195 DOM
25. 2026-07-05
    days on market $219,000 Active 194 DOM
26. 2026-07-03
    days on market $219,000 Active 192 DOM
27. 2026-07-02
    days on market $219,000 Active 191 DOM
28. 2026-07-01
    days on market $219,000 Active 190 DOM
29. 2026-06-30
    days on market $219,000 Active 189 DOM
30. 2026-06-29
    days on market $219,000 Active 188 DOM
31. 2026-06-28
    days on market $219,000 Active 187 DOM
32. 2026-06-27
    days on market $219,000 Active 186 DOM
33. 2026-06-27
    pricedays on market $219,000 Active 185 DOM
34. 2026-06-25
    days on market $223,000 Active 183 DOM
35. 2026-06-22
    days on market $223,000 Active 181 DOM
36. 2026-06-21
    days on market $223,000 Active 180 DOM
37. 2026-06-18
    days on market $223,000 Active 177 DOM
38. 2026-06-17
    days on market $223,000 Active 176 DOM
39. 2026-06-16
    days on market $223,000 Active 175 DOM
40. 2026-06-15
    days on market $223,000 Active 174 DOM
41. 2026-06-13
    days on market $223,000 Active 172 DOM
42. 2026-06-13
    days on market $223,000 Active 171 DOM
43. 2026-06-10
    days on market $223,000 Active 169 DOM
44. 2026-06-09
    days on market $223,000 Active 168 DOM
45. 2026-06-08
    days on market $223,000 Active 167 DOM
46. 2026-06-08
    days on market $223,000 Active 166 DOM
47. 2026-06-05
    days on market $223,000 Active 163 DOM
48. 2026-06-03
    days on market $223,000 Active 162 DOM
49. 2026-06-02
    days on market $223,000 Active 161 DOM
50. 2026-06-01
    days on market $223,000 Active 160 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $25,599
• − Mortgage interest: −$12,267
• − Property taxes: −$3,285
• − Insurance: −$1,095
• − Repairs & maintenance: −$2,048
• − Management: −$2,048
• − HOA: −$7,392
• − Depreciation: −$6,371
• Taxable loss: −$8,908
• Est. tax savings @ 24.0%: +$2,138
• After-tax cash flow: $-3,193/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $6,230–$18,690 screening

This well-maintained townhome in a serene gated community offers a good investment opportunity with minimal repairs and updates needed.

Value-add opportunities

• Both Painting the exterior walls — Enhances curb appeal and resale value ↑
• Both Upgrading the kitchen appliances — Modernizes the space and attracts more buyers ↑
• Both Adding smart home features — Improves convenience and adds value for both buyers and renters ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 37/100

Zoned Schools

Elementary Emma E. Booker Elementary School F FL #1,758/2,144 Nat'l #24,455/41,679 Middle Booker Middle School D- FL #331/571 Nat'l #5,160/14,009 High Booker High School F FL #386/667 Nat'l #9,639/17,239

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

A Composite livability gradescore 80/100

Livability — Sarasota

• Score: 80/100
• State rank: #121
• US rank: #1854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 452,380 people
• City population: 261,896
• 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: 12% of renters

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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%

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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%

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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

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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

+103.7% since first listed

5 events — show timeline

• 2026-05-13 Price Changed $223,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-09 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-23 Listed $228,000 Stellar MLS as Distributed by MLS Grid
• 2013-04-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-10-12 Listed $109,500 Stellar MLS as Distributed by MLS Grid