3415 Clark Rd #215 · Gulf Gate, FL 34231

$148,000

1 bd · 1.0 ba · 555 sqft · Condo public records · 192 Days on market

Built 1974 $365/mo HOA · 22% 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 +11.3/30.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• Schools +5.4/10.0
• DSCR +3.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

Key facts

• Fitness center
• End unit
• Private balcony

Tags

• END UNIT
• PRIVATE BALCONY
• OUTDOOR STORAGE CLOSET
• HEATED COMMUNITY POOL
• FITNESS CENTER
• PET FRIENDLY ENVIRONMENT

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $148k.

Deal economics

• At list price, monthly cash flow is $-55 ($-660/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (6.6% below list).
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $130k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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 soft (-2.1%/yr); 566 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 192 days — a 12% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $22k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,240 (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 192 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
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. 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: 1.12% ✓
• Cap rate: 5.85%
• Cash-on-cash: -1.59%
• DSCR: 0.93
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -23.4%
• Equity multiple: 0.22×
• Total profit: $-32,118
• Equity at exit: $22,067

10-year hold

• IRR: -35.7%
• Equity multiple: -0.21×
• Total profit: $-50,336
• Equity at exit: $12,796

Cash invested: $41,440 (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 34231

• Rents YoY: -2.1%
• Active inventory: 566
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,662 medium
• Mortgage (P&I): −$776
• Tax from tax record: −$165 /mo · $1,981/yr
• Insurance: −$62
• HOA: −$365
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $-55

Break-even live

Break-even rent $1,732

Max offer price $138,287

Occupancy floor 98%

Sensitivity live

Price	-10% $29	-5% $-13	+0% $-55	+5% $-97	+10% $-139
Rent	-10% $-186	-5% $-121	+0% $-55	+5% $11	+10% $76
Rate	-1.0pp $20	-0.5pp $-17	base $-55	+0.5pp $-93	+1.0pp $-132

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: $37,000
• Closing costs: $4,440
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $365 · $4,380/yr
• Likely covers: waterpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-21
   days on market $148,000 Active 192 DOM
2. 2026-06-18
   days on market $148,000 Active 189 DOM
3. 2026-06-17
   days on market $148,000 Active 188 DOM
4. 2026-06-16
   days on market $148,000 Active 187 DOM
5. 2026-06-15
   days on market $148,000 Active 186 DOM
6. 2026-06-13
   days on market $148,000 Active 184 DOM
7. 2026-06-13
   days on market $148,000 Active 183 DOM
8. 2026-06-10
   days on market $148,000 Active 181 DOM
9. 2026-06-09
   days on market $148,000 Active 180 DOM
10. 2026-06-08
    days on market $148,000 Active 178 DOM
11. 2026-06-05
    days on market $148,000 Active 175 DOM
12. 2026-06-03
    days on market $148,000 Active 174 DOM
13. 2026-06-02
    days on market $148,000 Active 173 DOM
14. 2026-06-01
    days on market $148,000 Active 172 DOM
15. 2026-05-31
    days on market $148,000 Active 171 DOM
16. 2026-05-08
    price $148,000 965-char remark

    Show marketing remark (965 chars)

    TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

17. 2026-04-22
    price $149,895 965-char remark

    Show marketing remark (965 chars)

    TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

18. 2026-04-13
    price $149,900 965-char remark

    Show marketing remark (965 chars)

    TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

19. 2026-04-12
    status Active 965-char remark

    Show marketing remark (965 chars)

    TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

20. 2026-03-17
    historical 965-char remark

    Show marketing remark (965 chars)

    TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

21. 2025-12-19
    price $159,900 965-char remark

    Show marketing remark (965 chars)

    TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

22. 2025-11-15
    listed $169,900 Active 965-char remark

    Show marketing remark (965 chars)

    TOP-FLOOR END UNIT WITH WATER VIEWS! Experience the ultimate 'plug-and-play' Florida lifestyle in this charming, turnkey-furnished retreat. Perfectly positioned in a maintenance-free, two-story building, this residence overlooks a peaceful pond and is ready for immediate move-in or rental. THE TURNKEY ADVANTAGE: Sold fully furnished, including a 50” Samsung Smart TV (Living Room) and a 43” Samsung Smart TV (Bedroom). Just bring your suitcase! PEACE OF MIND: Major updates are done—New Roof (2024), Range (2025), and HVAC/Water Heater (2018). Features include a private balcony with storage, in-unit stacked washer/dryer, and a pet-friendly policy for both cats and dogs. LOCATION: Just 4 miles to Siesta Key Beach. Enjoy the heated community pool and fitness center. Whether you’re looking for a seasonal escape or a rental-ready investment, this is the best value in 34231. View the 3D Virtual Matterport Tour by clicking on the link.

23. 2025-09-16
    historical $1,600
24. 2025-07-09
    listed $1,600
25. 2023-09-07
    soldstatus $180,000
26. 2015-03-10
    soldstatus $48,000
27. 2015-02-27
    soldstatus $48,000 Sold 75-char remark

    Show marketing remark (75 chars)

    SHORT SALE - Very cute, 1 bedroom, 1 bath just a few miles from Siesta Key.

28. 2014-06-14
    status Pending 75-char remark

    Show marketing remark (75 chars)

    SHORT SALE - Very cute, 1 bedroom, 1 bath just a few miles from Siesta Key.

29. 2014-06-10
    historical 75-char remark

    Show marketing remark (75 chars)

    SHORT SALE - Very cute, 1 bedroom, 1 bath just a few miles from Siesta Key.

30. 2013-09-30
    listed $42,000 75-char remark

    Show marketing remark (75 chars)

    SHORT SALE - Very cute, 1 bedroom, 1 bath just a few miles from Siesta Key.

31. 2005-10-13
    soldstatus $2,122,800

ⓘ 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: $1,981 · $165/mo
• Projected year-2 tax: $1,981 · $165/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $19,943
• − Mortgage interest: −$8,290
• − Property taxes: −$1,981
• − Insurance: −$740
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − HOA: −$4,380
• − Depreciation: −$4,305
• Taxable loss: −$2,945
• Est. tax savings @ 24.0%: +$707
• After-tax cash flow: $47/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 — Gulf Gate

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Sarasota County · 448,376 people
• City population: 32,203
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 32,404
• Household income: $69,925
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 1983.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 7% Black 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 88% English-only · Spanish 6% Russian/Polish/Slavic 2% German/W. Germanic 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: ▼ -448.92%
• Current HPI: 292.9055
• Rent YoY: ▼ -2.13%
• 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

-93.0% since first listed

16 events — show timeline

• 2026-05-08 Price Changed $148,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Price Changed $149,895 Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-19 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-15 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-16 Rental Removed $1,600 STELLARMLS
• 2025-07-09 Listed for Rent $1,600 STELLARMLS
• 2023-09-07 Sold (Public Records) $180,000 Public Records
• 2015-03-10 Sold (Public Records) $48,000 Public Records
• 2015-02-27 Sold (MLS) $48,000 Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-09-30 Listed $42,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-13 Sold (Public Records) $2,122,800 Public Records

Property tax history

+8.7%/yr

Latest (2025): $1,981 · -2.4% YoY. Source: county tax records.