177 Palm Harbor Dr · Warm Mineral Springs, FL 34287

$149,500

2 bd · 2.0 ba · 959 sqft · Manufactured public records · 23 Days on market

Built 2001

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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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• 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

Welcome to this freshly updated 2 bedroom, 2 bathroom manufactured home located in the highly desired, land-owned, pet-friendly community of Harbor Isles. Offering a sleek, modern open concept, this home is designed for stylish and comfortable living. The heart of the home is the recently renovated kitchen, featuring beautiful stainless steel appliances, a large cooking island with a striking range hood, and an abundance of solid wood shaker cabinets, providing plenty of storage for all your needs. New plywood subfloors and luxury vinyl plank flooring flow seamlessly throughout the home, creating a cohesive and durable surface. Both bathrooms have been thoughtfully updated with new showers and toilets, and the guest bath showcases a lovely modern vanity. Each bedroom features a walk-in closet, providing excellent storage space. Updated black hardware throughout the home—including knobs and pulls—adds a sophisticated, modern touch. The new Florida room is light and bright, boasting large glass windows that let in plenty of natural light. Additional updates include a newly built solid wood-constructed carport and a new roof, offering both beauty and peace of mind. The roof also comes with a transferable 20-year warranty, a valuable addition for future owners. Harbor Isles is a vibrant, active 55+ community ideally located along the shores of the Myakka River. Residents enjoy a wide array of amenities, including a heated resort-style pool and spa, fitness center, tennis and pickleball courts, bocce ball, shuffleboard, and a full calendar of social activities. A private marina offers boat slips on a first-come basis with access to the Gulf of Mexico, perfect for boating enthusiasts. This beautifully maintained, gated community is also golf cart friendly and close to shopping, dining, entertainment, and some of Florida’s most beautiful beaches.

Key facts

• Community boat ramp
• Fitness center
• Community pool

Tags

• COMMUNITY POOL
• TENNIS COURTS
• FITNESS CENTER
• COMMUNITY BOAT RAMP
• MASTER BATH VANITY AREA
• BUILT IN CLOSETS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $-107 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (12.6% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $131k (12.6% below list) — sets the bar for cash-flow.

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 31% 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 $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 23 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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: 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; major wildfire risk; extreme-heat days projected 6→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,600 (12.6% 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.10% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.16%
• DSCR: 1.41
• GRM: 7.6

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: -25.6%
• Equity multiple: 0.16×
• Total profit: $-35,199
• Equity at exit: $22,291

10-year hold

• IRR: -41.2%
• Equity multiple: -0.33×
• Total profit: $-55,535
• Equity at exit: $12,926

Cash invested: $41,860 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,645 medium
• Mortgage (P&I): −$784
• Tax from tax record: −$133 /mo · $1,600/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $-107

Break-even live

Break-even rent $1,780

Max offer price $130,600

Occupancy floor —

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-18
   days on market $149,500 Active 23 DOM
2. 2026-06-17
   days on market $149,500 Active 22 DOM
3. 2026-06-15
   days on market $149,500 Active 20 DOM
4. 2026-06-13
   days on market $149,500 Active 18 DOM
5. 2026-06-13
   days on market $149,500 Active 17 DOM
6. 2026-06-10
   days on market $149,500 Active 15 DOM
7. 2026-06-09
   days on market $149,500 Active 14 DOM
8. 2026-06-08
   days on market $149,500 Active 12 DOM
9. 2026-06-05
   days on market $149,500 Active 9 DOM
10. 2026-06-03
    days on market $149,500 Active 8 DOM
11. 2026-06-02
    days on market $149,500 Active 7 DOM
12. 2026-06-01
    days on market $149,500 Active 6 DOM
13. 2026-05-31
    days on market $149,500 Active 5 DOM
14. 2026-05-26
    listed $149,500 Active
15. 2026-03-17
    historical
16. 2026-02-10
    price $144,900
17. 2026-01-13
    listed $149,900 Active
18. 2025-06-30
    soldstatus $135,000 Closed 1889-char remark

    Show marketing remark (1889 chars)

    Welcome to this freshly updated 2 bedroom, 2 bathroom manufactured home located in the highly desired, land-owned, pet-friendly community of Harbor Isles. Offering a sleek, modern open concept, this home is designed for stylish and comfortable living. The heart of the home is the recently renovated kitchen, featuring beautiful stainless steel appliances, a large cooking island with a striking range hood, and an abundance of solid wood shaker cabinets, providing plenty of storage for all your needs. New plywood subfloors and luxury vinyl plank flooring flow seamlessly throughout the home, creating a cohesive and durable surface. Both bathrooms have been thoughtfully updated with new showers and toilets, and the guest bath showcases a lovely modern vanity. Each bedroom features a walk-in closet, providing excellent storage space. Updated black hardware throughout the home—including knobs and pulls—adds a sophisticated, modern touch. The new Florida room is light and bright, boasting large glass windows that let in plenty of natural light. Additional updates include a newly built solid wood-constructed carport and a new roof, offering both beauty and peace of mind. The roof also comes with a transferable 20-year warranty, a valuable addition for future owners. Harbor Isles is a vibrant, active 55+ community ideally located along the shores of the Myakka River. Residents enjoy a wide array of amenities, including a heated resort-style pool and spa, fitness center, tennis and pickleball courts, bocce ball, shuffleboard, and a full calendar of social activities. A private marina offers boat slips on a first-come basis with access to the Gulf of Mexico, perfect for boating enthusiasts. This beautifully maintained, gated community is also golf cart friendly and close to shopping, dining, entertainment, and some of Florida’s most beautiful beaches.

19. 2025-06-30
    soldstatus $135,000

    Show marketing remark (1889 chars)

    Welcome to this freshly updated 2 bedroom, 2 bathroom manufactured home located in the highly desired, land-owned, pet-friendly community of Harbor Isles. Offering a sleek, modern open concept, this home is designed for stylish and comfortable living. The heart of the home is the recently renovated kitchen, featuring beautiful stainless steel appliances, a large cooking island with a striking range hood, and an abundance of solid wood shaker cabinets, providing plenty of storage for all your needs. New plywood subfloors and luxury vinyl plank flooring flow seamlessly throughout the home, creating a cohesive and durable surface. Both bathrooms have been thoughtfully updated with new showers and toilets, and the guest bath showcases a lovely modern vanity. Each bedroom features a walk-in closet, providing excellent storage space. Updated black hardware throughout the home—including knobs and pulls—adds a sophisticated, modern touch. The new Florida room is light and bright, boasting large glass windows that let in plenty of natural light. Additional updates include a newly built solid wood-constructed carport and a new roof, offering both beauty and peace of mind. The roof also comes with a transferable 20-year warranty, a valuable addition for future owners. Harbor Isles is a vibrant, active 55+ community ideally located along the shores of the Myakka River. Residents enjoy a wide array of amenities, including a heated resort-style pool and spa, fitness center, tennis and pickleball courts, bocce ball, shuffleboard, and a full calendar of social activities. A private marina offers boat slips on a first-come basis with access to the Gulf of Mexico, perfect for boating enthusiasts. This beautifully maintained, gated community is also golf cart friendly and close to shopping, dining, entertainment, and some of Florida’s most beautiful beaches.

20. 2025-06-12
    status Pending 1889-char remark

    Show marketing remark (1889 chars)

    Welcome to this freshly updated 2 bedroom, 2 bathroom manufactured home located in the highly desired, land-owned, pet-friendly community of Harbor Isles. Offering a sleek, modern open concept, this home is designed for stylish and comfortable living. The heart of the home is the recently renovated kitchen, featuring beautiful stainless steel appliances, a large cooking island with a striking range hood, and an abundance of solid wood shaker cabinets, providing plenty of storage for all your needs. New plywood subfloors and luxury vinyl plank flooring flow seamlessly throughout the home, creating a cohesive and durable surface. Both bathrooms have been thoughtfully updated with new showers and toilets, and the guest bath showcases a lovely modern vanity. Each bedroom features a walk-in closet, providing excellent storage space. Updated black hardware throughout the home—including knobs and pulls—adds a sophisticated, modern touch. The new Florida room is light and bright, boasting large glass windows that let in plenty of natural light. Additional updates include a newly built solid wood-constructed carport and a new roof, offering both beauty and peace of mind. The roof also comes with a transferable 20-year warranty, a valuable addition for future owners. Harbor Isles is a vibrant, active 55+ community ideally located along the shores of the Myakka River. Residents enjoy a wide array of amenities, including a heated resort-style pool and spa, fitness center, tennis and pickleball courts, bocce ball, shuffleboard, and a full calendar of social activities. A private marina offers boat slips on a first-come basis with access to the Gulf of Mexico, perfect for boating enthusiasts. This beautifully maintained, gated community is also golf cart friendly and close to shopping, dining, entertainment, and some of Florida’s most beautiful beaches.

21. 2025-05-16
    price $149,900 1889-char remark

    Show marketing remark (1889 chars)

    Welcome to this freshly updated 2 bedroom, 2 bathroom manufactured home located in the highly desired, land-owned, pet-friendly community of Harbor Isles. Offering a sleek, modern open concept, this home is designed for stylish and comfortable living. The heart of the home is the recently renovated kitchen, featuring beautiful stainless steel appliances, a large cooking island with a striking range hood, and an abundance of solid wood shaker cabinets, providing plenty of storage for all your needs. New plywood subfloors and luxury vinyl plank flooring flow seamlessly throughout the home, creating a cohesive and durable surface. Both bathrooms have been thoughtfully updated with new showers and toilets, and the guest bath showcases a lovely modern vanity. Each bedroom features a walk-in closet, providing excellent storage space. Updated black hardware throughout the home—including knobs and pulls—adds a sophisticated, modern touch. The new Florida room is light and bright, boasting large glass windows that let in plenty of natural light. Additional updates include a newly built solid wood-constructed carport and a new roof, offering both beauty and peace of mind. The roof also comes with a transferable 20-year warranty, a valuable addition for future owners. Harbor Isles is a vibrant, active 55+ community ideally located along the shores of the Myakka River. Residents enjoy a wide array of amenities, including a heated resort-style pool and spa, fitness center, tennis and pickleball courts, bocce ball, shuffleboard, and a full calendar of social activities. A private marina offers boat slips on a first-come basis with access to the Gulf of Mexico, perfect for boating enthusiasts. This beautifully maintained, gated community is also golf cart friendly and close to shopping, dining, entertainment, and some of Florida’s most beautiful beaches.

22. 2025-04-24
    listed $163,500 Active 1889-char remark

    Show marketing remark (1889 chars)

    Welcome to this freshly updated 2 bedroom, 2 bathroom manufactured home located in the highly desired, land-owned, pet-friendly community of Harbor Isles. Offering a sleek, modern open concept, this home is designed for stylish and comfortable living. The heart of the home is the recently renovated kitchen, featuring beautiful stainless steel appliances, a large cooking island with a striking range hood, and an abundance of solid wood shaker cabinets, providing plenty of storage for all your needs. New plywood subfloors and luxury vinyl plank flooring flow seamlessly throughout the home, creating a cohesive and durable surface. Both bathrooms have been thoughtfully updated with new showers and toilets, and the guest bath showcases a lovely modern vanity. Each bedroom features a walk-in closet, providing excellent storage space. Updated black hardware throughout the home—including knobs and pulls—adds a sophisticated, modern touch. The new Florida room is light and bright, boasting large glass windows that let in plenty of natural light. Additional updates include a newly built solid wood-constructed carport and a new roof, offering both beauty and peace of mind. The roof also comes with a transferable 20-year warranty, a valuable addition for future owners. Harbor Isles is a vibrant, active 55+ community ideally located along the shores of the Myakka River. Residents enjoy a wide array of amenities, including a heated resort-style pool and spa, fitness center, tennis and pickleball courts, bocce ball, shuffleboard, and a full calendar of social activities. A private marina offers boat slips on a first-come basis with access to the Gulf of Mexico, perfect for boating enthusiasts. This beautifully maintained, gated community is also golf cart friendly and close to shopping, dining, entertainment, and some of Florida’s most beautiful beaches.

23. 2019-04-04
    soldstatus $87,500 Sold
24. 2019-04-04
    soldstatus $87,500
25. 2019-03-10
    status Pending
26. 2019-02-28
    price $105,000
27. 2018-12-28
    price $110,000
28. 2018-08-29
    listed $115,000 Active
29. 1981-09-01
    soldstatus $46,900

ⓘ 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: $1,600 · $133/mo
• Projected year-2 tax: $1,600 · $133/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 AE · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 23 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: $19,734
• − Mortgage interest: −$8,374
• − Property taxes: −$1,600
• − Insurance: −$5,866
• − Repairs & maintenance: −$1,579
• − Management: −$1,579
• − Depreciation: −$4,349
• Taxable loss: −$3,613
• Est. tax savings @ 24.0%: +$867
• After-tax cash flow: $-417/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
• 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

+218.8% since first listed

16 events — show timeline

• 2026-05-26 Listed $149,500 FSBO.com
• 2026-03-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-10 Price Changed $144,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-13 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-30 Sold (Public Records) $135,000 Public Records
• 2025-06-30 Sold (MLS) $135,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-16 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-24 Listed $163,500 Stellar MLS as Distributed by MLS Grid
• 2019-04-04 Sold (Public Records) $87,500 Public Records
• 2019-04-04 Sold (MLS) $87,500 Stellar MLS as Distributed by MLS Grid
• 2019-03-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-02-28 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2018-12-28 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2018-08-29 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 1981-09-01 Sold (Public Records) $46,900 Public Records

Property tax history

+9.1%/yr

Latest (2025): $1,600 · +2.1% YoY. Source: county tax records.