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    703 & 705 GOLDEN BEACH BOULEVARD Venice, FL 34285

    View on Map
    For Sale
    $849,999

    Duplex - VENICE, FL

    Type:Duplex
    Property size:
    2,198 SF
    Lot size:
    0.18 Acres
    Added:
    Apr 10, 2025
    Days on Market:
    357
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 703 & 705 GOLDEN BEACH BOULEVARD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    RSF3
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Driveway
    Pool private
    1
    Interior features
    Ceiling Fans(s), High Ceilings
    Exterior features
    Corner Lot, Private Mailbox, Sliding Doors, Pool
    Standard status
    Active
    APN
    0177150016
    Size
    2,198 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    10190.95

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Number of units
    2
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Courtney Green

    Listing agent Courtney Green License #0699035

    Listing office PREMIER SOTHEBYS INTL REALTY 400 Barcelona Ave, Naples, FL

    Listing date Apr 10, 2025

    MLS# N6138338 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Venice Island Duplex Near Beach

    Located steps from beach access on Venice Island, this duplex presents an opportunity for coastal living and potential income generation. Each of the two units features two bedrooms, two bathrooms, a kitchen, a living room, a dining area, and a utility room. The layout is suitable for extended family use or for an owner occupant seeking rental income from the second unit. A large pool is surrounded by an expansive pool deck, providing space for outdoor activities. The property has a newer roof and air-conditioning systems. The property experienced flooding from a recent hurricane, it has been professionally dried and is now ready for restoration or redevelopment. Venice Island is known for its historic downtown area, boutique shopping, dining options, and a local municipal airport. The location offers a relaxed coastal lifestyle with nearby conveniences. Optional membership in the Golden Beach Association provides access to a private beach easement for an annual fee of $50. The property, situated on a 0.18-acre lot, offers 2198 square feet of space. The zoning is RSF3. This property is located in VENICE, FL, with postal code 34285, in Sarasota County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Real Estate Agency Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.454541
    Latitude
    27.087811

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    FAQs

    What type of property is this?
    Duplex - Duplex near beach with income potential on Venice Island.
    Where is this duplex located?
    The property is located at 703 & 705 GOLDEN BEACH BOULEVARD Venice, FL.
    What is the asking price?
    The asking price for this property is $849,999.
    What are key features of this property?
    This property features: Steps from beach access on Venice Island.; Duplex offers flexible living arrangements or rental income potential.; Large private pool and expansive pool deck.
    (941) 809-8432
    We can help!
    Listing Contact
    Courtney Green
    Real Estate License ID: 0699035
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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