221 S Venice Blvd · South Venice, FL 34293

$259,000

3 bd · 2.0 ba · 1,378 sqft · SingleFamily public records · 8 Days on market

Built 1983 8,000 sqft lot

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Why this score? — see what drove the C- 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 +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• Schools +5.4/10.0
• 1% rule +4.9/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

TRUE LAKEFRONT HOME! PERFECT IN EVERY WAY. . JUST BRING YOUR TOOTHBRUSH AND YOUR FISHING POLE EVERYTHING ELSE STAYS. BEAUTIFUL VIEWS OF RELAXING SPRING FED LAKE FROM MOST ALL ROOMS. SPLIT BEDROOM PLAN. FRUIT TREES OF YOUR OWN. NICE SHED FOR STORAGE INPRIVATE BACKYARD. MASTER BEDROOM HAS LARGE WALK IN CLOSET. THIRD BEDROOM CAN BE USED FOR OFFICE AS WELL DUE TO THE MURPHY BED THAT HIDES IN THE WALL. KITCHEN IS BRIGHT AND HASE EXTRA FEATURES LIKE PULL OUT CUTTING BOARD AT THE SINK. BRIGHT INDOOR LAUNDRYROOM HAS LOTS OF CABINETS AND EXTRA STORAGE, EXTRA SINK , AS WELL AS A DOOR LEADING TO OUTDOORS. DON'T WORRY ABOUT IRRIGATION. .. IT COMES FROM THE LAKE. THE WELL PUMP AND SPRINKLER PUMP ARE JUST A FEW YEARS OLD. THIS BEAUTIFUL HOME IS LOCATED JUST MINUTES FROM BEACHES, SHOPPING AND ANYTHING ELSE YOU MIGHT NEED. THE FURNITURE IS FLORIDA STYLE AND VERY NICELY DONE.

Key facts

• 8,000 sq ft lot
• Garage
• Built 1983

Property features AI

Finance

• Other: Homestead exempt; Irrigation equipment and generator included; Lot size about 0.18 acre (80 x 100); Lakefront with approximately 15 feet of frontage; One well and one septic on property; Unfurnished; Lease restrictions apply
• HOA & community: No HOA/association indicated

Exterior

• Parking: Attached garage (1 car)
• Utilities: Well water; Septic tank; Electricity connected; Propane available; Cable available; Sprinkler well
• Home design: Single-family residence; One story; Northwest facing; Completed condition
• Construction: Vinyl siding and frame construction; Shingle roof; Slab foundation; Built as residential single family
• Exterior features: Enclosed porch; Rain gutters; Sliding doors; Storage shed(s); Chain link fencing; Oak trees on lot; Public maintained asphalt road

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Water filtration system
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Kitchen and family room combo; Split bedroom floorplan; Walk-in closets; Window treatments
• Laundry & utility: Inside laundry; Washer; Dryer; Electric water heater; Water softener

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $259k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $255k (1.4% below list).
• Recommended offer: $255k (1.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#549 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: schools F, 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; 1247 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 34% of the median local income ($90k/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 $8k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 22y 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.
• Current owner paid $125k; list at $259k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $255,371 (1.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
4. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
5. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
6. 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.
7. 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.
8. 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: 0.99% ✗
• Cap rate: 8.08%
• Cash-on-cash: 6.37%
• DSCR: 1.28
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.68×
• Total profit: $-23,284
• Equity at exit: $38,618

10-year hold

• IRR: -2.6%
• Equity multiple: 0.84×
• Total profit: $-11,577
• Equity at exit: $22,394

Cash invested: $72,520 (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 34293

• Rents YoY: 0.7%
• Active inventory: 1247
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,554 medium
• Mortgage (P&I): −$1,358
• Tax from tax record: −$166 /mo · $1,996/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$536
• Net cashflow: $385

Break-even live

Break-even rent $2,066

Max offer price $259,000

Occupancy floor 80%

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-05-17
   status Pending 1406-char remark
2. 2026-05-08
   listed $259,000 Active 1406-char remark
3. 2011-05-02
   soldstatus $125,000
4. 2011-04-29
   soldstatus $125,000 871-char remark

   Show marketing remark (871 chars)

   TRUE LAKEFRONT HOME! PERFECT IN EVERY WAY. . JUST BRING YOUR TOOTHBRUSH AND YOUR FISHING POLE EVERYTHING ELSE STAYS. BEAUTIFUL VIEWS OF RELAXING SPRING FED LAKE FROM MOST ALL ROOMS. SPLIT BEDROOM PLAN. FRUIT TREES OF YOUR OWN. NICE SHED FOR STORAGE INPRIVATE BACKYARD. MASTER BEDROOM HAS LARGE WALK IN CLOSET. THIRD BEDROOM CAN BE USED FOR OFFICE AS WELL DUE TO THE MURPHY BED THAT HIDES IN THE WALL. KITCHEN IS BRIGHT AND HASE EXTRA FEATURES LIKE PULL OUT CUTTING BOARD AT THE SINK. BRIGHT INDOOR LAUNDRYROOM HAS LOTS OF CABINETS AND EXTRA STORAGE, EXTRA SINK , AS WELL AS A DOOR LEADING TO OUTDOORS. DON'T WORRY ABOUT IRRIGATION. .. IT COMES FROM THE LAKE. THE WELL PUMP AND SPRINKLER PUMP ARE JUST A FEW YEARS OLD. THIS BEAUTIFUL HOME IS LOCATED JUST MINUTES FROM BEACHES, SHOPPING AND ANYTHING ELSE YOU MIGHT NEED. THE FURNITURE IS FLORIDA STYLE AND VERY NICELY DONE.

5. 2011-01-21
   listed $135,000 871-char remark

   Show marketing remark (871 chars)

   TRUE LAKEFRONT HOME! PERFECT IN EVERY WAY. . JUST BRING YOUR TOOTHBRUSH AND YOUR FISHING POLE EVERYTHING ELSE STAYS. BEAUTIFUL VIEWS OF RELAXING SPRING FED LAKE FROM MOST ALL ROOMS. SPLIT BEDROOM PLAN. FRUIT TREES OF YOUR OWN. NICE SHED FOR STORAGE INPRIVATE BACKYARD. MASTER BEDROOM HAS LARGE WALK IN CLOSET. THIRD BEDROOM CAN BE USED FOR OFFICE AS WELL DUE TO THE MURPHY BED THAT HIDES IN THE WALL. KITCHEN IS BRIGHT AND HASE EXTRA FEATURES LIKE PULL OUT CUTTING BOARD AT THE SINK. BRIGHT INDOOR LAUNDRYROOM HAS LOTS OF CABINETS AND EXTRA STORAGE, EXTRA SINK , AS WELL AS A DOOR LEADING TO OUTDOORS. DON'T WORRY ABOUT IRRIGATION. .. IT COMES FROM THE LAKE. THE WELL PUMP AND SPRINKLER PUMP ARE JUST A FEW YEARS OLD. THIS BEAUTIFUL HOME IS LOCATED JUST MINUTES FROM BEACHES, SHOPPING AND ANYTHING ELSE YOU MIGHT NEED. THE FURNITURE IS FLORIDA STYLE AND VERY NICELY DONE.

6. 2010-03-23
   listed $138,500
7. 2010-02-22
   historical
8. 2009-10-14
   listed $154,900
9. 2008-01-25
   listed $175,000
10. 2008-01-15
    historical
11. 2007-10-29
    listed $198,000
12. 2007-10-29
    historical
13. 2007-06-05
    listed $209,000
14. 2004-12-27
    soldstatus $184,000
15. 2004-12-10
    soldstatus $184,000
16. 2004-10-18
    listed $189,900
17. 1983-05-01
    soldstatus $12,500

ⓘ 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: $1,996 · $166/mo
• Projected year-2 tax: $2,150 · $179/mo
• Expected delta: +$154/yr (+$13/mo · 7.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,645
• − Mortgage interest: −$14,508
• − Property taxes: −$1,996
• − Insurance: −$1,295
• − Repairs & maintenance: −$2,452
• − Management: −$2,452
• − Depreciation: −$7,535
• Taxable income: $408
• Est. tax owed @ 24.0%: −$98
• After-tax cash flow: $4,522/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 — South Venice

• Score: 67/100
• State rank: #549
• US rank: #10377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Venice, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 50,278
• Household income: $90,038
• Rent vs Own: 11.3% rent · 88.7% own
• Severe rent burden: 548.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 3%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Russian/Polish/Slavic 2% French/Haitian/Cajun 1%

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: ▼ -355.64%
• Current HPI: 270.5242
• Rent YoY: ▲ 0.70%
• 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

+1972.0% since first listed

17 events — show timeline

• 2026-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listed $259,000 Stellar MLS as Distributed by MLS Grid
• 2011-05-02 Sold (Public Records) $125,000 Public Records
• 2011-04-29 Sold (MLS) $125,000 Stellar MLS as Distributed by MLS Grid
• 2011-01-21 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2010-03-23 Listed $138,500 Stellar MLS as Distributed by MLS Grid
• 2010-02-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2009-10-14 Listed $154,900 Stellar MLS as Distributed by MLS Grid
• 2008-01-25 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2008-01-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-10-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-10-29 Listed $198,000 Stellar MLS as Distributed by MLS Grid
• 2007-06-05 Listed $209,000 Stellar MLS as Distributed by MLS Grid
• 2004-12-27 Sold (Public Records) $184,000 Public Records
• 2004-12-10 Sold (MLS) $184,000 Stellar MLS as Distributed by MLS Grid
• 2004-10-18 Listed $189,900 Stellar MLS as Distributed by MLS Grid
• 1983-05-01 Sold (Public Records) $12,500 Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,996 · +3.8% YoY. Source: county tax records.