620 Cervina Dr S · Venice, FL 34285

$124,000

2 bd · 2.0 ba · 767 sqft · Manufactured public records · 67 Days on market

Built 1979 4,299 sqft lot $229/mo HOA · 12% 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 +28.9/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your little beach house in Venice—where this isn’t just a 55+ residence, it’s an entire lifestyle. 620 Cervina Drive offers the perfect turnkey, affordable beach getaway, ideal for seasonal living, investment, or full-time enjoyment. From the moment you arrive, you’ll feel the vibrant, social energy that makes this community so special. This amenity-rich neighborhood delivers resort-style living every single day. Enjoy access to two sparkling pools that are heated AND chilled, a relaxing hot tub, and a tropical tiki hangout perfect for unwinding with friends. Stay active with tennis (with an instructor available), shuffleboard, bocce ball, mini golf, and ping pong—or recharge in the dry sauna. Pickleball located off premise at Foxworthy Park. Inside the expansive clubhouse, you’ll find everything from a stylish billiards room and another for the card player, to a library and business center. Everyday conveniences like a laundry facility and complimentary ice maker make life easy and enjoyable. But what truly sets this community apart is the LIFESTYLE. There are countless groups and activities to plug into—arts and crafts, wellness programs, games, bingo nights, dance groups, community breakfasts, BBQs, and social events that turn neighbors into lifelong friends. Whether you're seeking sunshine, connection, or a carefree coastal escape, this is your opportunity to live the Florida dream—without the luxury price tag. Very low HOA includes tv/internet and lawn care.

Key facts

• Business center
• Two sparkling pools
• Expansive clubhouse

Tags

• TURNKEY BEACH GETAWAY
• TWO SPARKLING POOLS
• RELAXING HOT TUB
• EXPANSIVE CLUBHOUSE
• BILLIARDS ROOM
• BUSINESS CENTER

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $124k.

Deal economics

• At list price, monthly cash flow is $-8 ($-93/yr) — negative.
• To cash-flow at today's rent, offer at most $123k (1.1% below list).
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $117k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#129 in FL, #1,925 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, 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 rising fast (+8.8%/yr); 462 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 33% of the median local income ($68k/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 $857 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y 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 $107k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,560 (6.0% 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 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are A-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?
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 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: 1.51% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.47%
• DSCR: 1.64
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -7.4%
• Equity multiple: 0.70×
• Total profit: $-10,288
• Equity at exit: $18,489

10-year hold

• IRR: 10.1%
• Equity multiple: 2.07×
• Total profit: $37,077
• Equity at exit: $10,721

Cash invested: $34,720 (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 34285

• Rents YoY: 8.8%
• Active inventory: 462
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,870 medium
• Mortgage (P&I): −$650
• Tax from tax record: −$128 /mo · $1,534/yr
• Insurance: −$52
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$229
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $-8

Break-even live

Break-even rent $1,880

Max offer price $122,630

Occupancy floor 95%

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: $31,000
• Closing costs: $3,720
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $229 · $2,748/yr
• Likely covers: internetlandscapingpool

Listing history 30 events

1. 2026-06-18
   days on market $124,000 Active 67 DOM
2. 2026-06-17
   days on market $124,000 Active 66 DOM
3. 2026-06-16
   days on market $124,000 Active 65 DOM
4. 2026-06-15
   days on market $124,000 Active 64 DOM
5. 2026-06-13
   days on market $124,000 Active 62 DOM
6. 2026-06-13
   days on market $124,000 Active 61 DOM
7. 2026-06-10
   days on market $124,000 Active 59 DOM
8. 2026-06-09
   days on market $124,000 Active 58 DOM
9. 2026-06-08
   days on market $124,000 Active 57 DOM
10. 2026-06-08
    days on market $124,000 Active 56 DOM
11. 2026-06-05
    days on market $124,000 Active 53 DOM
12. 2026-06-03
    days on market $124,000 Active 52 DOM
13. 2026-06-02
    days on market $124,000 Active 51 DOM
14. 2026-06-01
    days on market $124,000 Active 50 DOM
15. 2026-05-31
    days on market $124,000 Active 49 DOM
16. 2026-04-12
    listed $129,000 Active 1546-char remark

    Show marketing remark (1546 chars)

    Welcome to your little beach house in Venice—where this isn’t just a 55+ residence, it’s an entire lifestyle. 620 Cervina Drive offers the perfect turnkey, affordable beach getaway, ideal for seasonal living, investment, or full-time enjoyment. From the moment you arrive, you’ll feel the vibrant, social energy that makes this community so special. This amenity-rich neighborhood delivers resort-style living every single day. Enjoy access to two sparkling pools that are heated AND chilled, a relaxing hot tub, and a tropical tiki hangout perfect for unwinding with friends. Stay active with tennis (with an instructor available), shuffleboard, bocce ball, mini golf, and ping pong—or recharge in the dry sauna. Pickleball located off premise at Foxworthy Park. Inside the expansive clubhouse, you’ll find everything from a stylish billiards room and another for the card player, to a library and business center. Everyday conveniences like a laundry facility and complimentary ice maker make life easy and enjoyable. But what truly sets this community apart is the LIFESTYLE. There are countless groups and activities to plug into—arts and crafts, wellness programs, games, bingo nights, dance groups, community breakfasts, BBQs, and social events that turn neighbors into lifelong friends. Whether you're seeking sunshine, connection, or a carefree coastal escape, this is your opportunity to live the Florida dream—without the luxury price tag. Very low HOA includes tv/internet and lawn care.

17. 2021-03-24
    soldstatus $107,000
18. 2021-03-22
    soldstatus $107,000 Sold 1075-char remark

    Show marketing remark (1075 chars)

    A beautifully furnished and pristine home. laminate flooring throughout, Updated kitchen appliances and fully furnished. A great Florida room with newer windows adds more entertainment and area. The home is freshly painted inside and out, this is a rare chance to get in Venice Isle for an excellent home, A great rear open area gives you privacy for enjoying the afternoon sun. A large shed for storage is an added bonus. Venice Isle is the premier resident owned over 55 Mobile home Park in Venice. There are close to 1000 homes with the most active residents. There is always something going on for you to do. We have many Park gatherings and first rate shows on site. The Park has every amenity you can imagine. Come take a walk through both of our 2 clubhouses and make yourself at home. The Park has 2 tennis courts, a brand new fitness center, 2 heated pools, 2 hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, pool room, TV lounges, card rooms, library, horseshoes, ceramic kilns, 2 huge ballrooms, Sunday services and much more!

19. 2021-03-01
    status Pending 1075-char remark

    Show marketing remark (1075 chars)

    A beautifully furnished and pristine home. laminate flooring throughout, Updated kitchen appliances and fully furnished. A great Florida room with newer windows adds more entertainment and area. The home is freshly painted inside and out, this is a rare chance to get in Venice Isle for an excellent home, A great rear open area gives you privacy for enjoying the afternoon sun. A large shed for storage is an added bonus. Venice Isle is the premier resident owned over 55 Mobile home Park in Venice. There are close to 1000 homes with the most active residents. There is always something going on for you to do. We have many Park gatherings and first rate shows on site. The Park has every amenity you can imagine. Come take a walk through both of our 2 clubhouses and make yourself at home. The Park has 2 tennis courts, a brand new fitness center, 2 heated pools, 2 hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, pool room, TV lounges, card rooms, library, horseshoes, ceramic kilns, 2 huge ballrooms, Sunday services and much more!

20. 2021-01-12
    price $114,000 1075-char remark

    Show marketing remark (1075 chars)

    A beautifully furnished and pristine home. laminate flooring throughout, Updated kitchen appliances and fully furnished. A great Florida room with newer windows adds more entertainment and area. The home is freshly painted inside and out, this is a rare chance to get in Venice Isle for an excellent home, A great rear open area gives you privacy for enjoying the afternoon sun. A large shed for storage is an added bonus. Venice Isle is the premier resident owned over 55 Mobile home Park in Venice. There are close to 1000 homes with the most active residents. There is always something going on for you to do. We have many Park gatherings and first rate shows on site. The Park has every amenity you can imagine. Come take a walk through both of our 2 clubhouses and make yourself at home. The Park has 2 tennis courts, a brand new fitness center, 2 heated pools, 2 hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, pool room, TV lounges, card rooms, library, horseshoes, ceramic kilns, 2 huge ballrooms, Sunday services and much more!

21. 2021-01-12
    status Active 1075-char remark

    Show marketing remark (1075 chars)

    A beautifully furnished and pristine home. laminate flooring throughout, Updated kitchen appliances and fully furnished. A great Florida room with newer windows adds more entertainment and area. The home is freshly painted inside and out, this is a rare chance to get in Venice Isle for an excellent home, A great rear open area gives you privacy for enjoying the afternoon sun. A large shed for storage is an added bonus. Venice Isle is the premier resident owned over 55 Mobile home Park in Venice. There are close to 1000 homes with the most active residents. There is always something going on for you to do. We have many Park gatherings and first rate shows on site. The Park has every amenity you can imagine. Come take a walk through both of our 2 clubhouses and make yourself at home. The Park has 2 tennis courts, a brand new fitness center, 2 heated pools, 2 hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, pool room, TV lounges, card rooms, library, horseshoes, ceramic kilns, 2 huge ballrooms, Sunday services and much more!

22. 2020-12-10
    status Pending 1075-char remark

    Show marketing remark (1075 chars)

    A beautifully furnished and pristine home. laminate flooring throughout, Updated kitchen appliances and fully furnished. A great Florida room with newer windows adds more entertainment and area. The home is freshly painted inside and out, this is a rare chance to get in Venice Isle for an excellent home, A great rear open area gives you privacy for enjoying the afternoon sun. A large shed for storage is an added bonus. Venice Isle is the premier resident owned over 55 Mobile home Park in Venice. There are close to 1000 homes with the most active residents. There is always something going on for you to do. We have many Park gatherings and first rate shows on site. The Park has every amenity you can imagine. Come take a walk through both of our 2 clubhouses and make yourself at home. The Park has 2 tennis courts, a brand new fitness center, 2 heated pools, 2 hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, pool room, TV lounges, card rooms, library, horseshoes, ceramic kilns, 2 huge ballrooms, Sunday services and much more!

23. 2020-11-03
    listed $120,000 Active 1075-char remark

    Show marketing remark (1075 chars)

    A beautifully furnished and pristine home. laminate flooring throughout, Updated kitchen appliances and fully furnished. A great Florida room with newer windows adds more entertainment and area. The home is freshly painted inside and out, this is a rare chance to get in Venice Isle for an excellent home, A great rear open area gives you privacy for enjoying the afternoon sun. A large shed for storage is an added bonus. Venice Isle is the premier resident owned over 55 Mobile home Park in Venice. There are close to 1000 homes with the most active residents. There is always something going on for you to do. We have many Park gatherings and first rate shows on site. The Park has every amenity you can imagine. Come take a walk through both of our 2 clubhouses and make yourself at home. The Park has 2 tennis courts, a brand new fitness center, 2 heated pools, 2 hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, pool room, TV lounges, card rooms, library, horseshoes, ceramic kilns, 2 huge ballrooms, Sunday services and much more!

24. 2014-06-06
    soldstatus $63,000 Sold
25. 2014-06-06
    soldstatus $57,000
26. 2014-04-24
    status Pending
27. 2014-03-29
    price $62,000
28. 2014-01-10
    listed $65,000 Active
29. 2008-02-20
    soldstatus $61,500
30. 2006-03-01
    soldstatus $58,000

ⓘ 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: $1,534 · $128/mo
• Projected year-2 tax: $1,534 · $128/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 4/10 Moderate FEMA zone AE · 23% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $22,444
• − Mortgage interest: −$6,946
• − Property taxes: −$1,534
• − Insurance: −$5,738
• − Repairs & maintenance: −$1,796
• − Management: −$1,796
• − HOA: −$2,748
• − Depreciation: −$3,607
• Taxable loss: −$1,721
• Est. tax savings @ 24.0%: +$413
• After-tax cash flow: $320/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 — Venice

• Score: 80/100
• State rank: #129
• US rank: #1925

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 448,376 people
• City population: 86,541
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 18,677
• Household income: $68,301
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 747.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 5% Italian 3%
• Foreign-born: 11% · Canada
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% German/W. Germanic 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: ▼ -329.42%
• Current HPI: 264.6389
• Rent YoY: ▲ 8.78%
• 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

+122.4% since first listed

15 events — show timeline

• 2026-04-12 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-24 Sold (Public Records) $107,000 Public Records
• 2021-03-22 Sold (MLS) $107,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-01-12 Price Changed $114,000 Stellar MLS as Distributed by MLS Grid
• 2021-01-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2020-12-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-11-03 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2014-06-06 Sold (Public Records) $57,000 Public Records
• 2014-06-06 Sold (MLS) $63,000 Stellar MLS as Distributed by MLS Grid
• 2014-04-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-03-29 Price Changed $62,000 Stellar MLS as Distributed by MLS Grid
• 2014-01-10 Listed $65,000 Stellar MLS as Distributed by MLS Grid
• 2008-02-20 Sold (Public Records) $61,500 Public Records
• 2006-03-01 Sold (Public Records) $58,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,534 · -1.4% YoY. Source: county tax records.