Remodeled Condo in 55+
3900 ROXANE BOULEVARD 11A, Sarasota, FL 34235
Move-in ready, remodeled 2-bedroom condo in a 55+ community.
Type:Condo/Townhome
Property size:
868 SFPrice / SF:
$184/SF- Added:
- Mar 23, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 6 at 3:43 am
Property Features for 3900 ROXANE BOULEVARD 11A
General Information
- Standard status
- Active
- Size
- 868 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1964
Listing agent Frank Castrogiovanni License #581870
Listing office COLDWELL BANKER REALTY (941) 907-1033
Listing date Mar 23, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
HighLights
- Move‑in ready, freshly remodeled 2‑bedroom condo.
- Located in a 55+ community close to Sarasota attractions, restaurants, golf courses, shops, and doctors.
- Most affordable option in the area.
- Enjoy the covered, screened lanai.
- Low HOA and taxes.
- Additional storage area and common laundry.
Overview
This move-in ready, remodeled 2-bedroom condo is located on the first floor within a 55+ community. The property offers 868 square feet of living space. A covered, screened lanai provides an outdoor relaxation area. Community amenities include a pool. Additional storage space is available in a separate area, and a common laundry area is provided. The community is centrally located near Sarasota attractions, restaurants, golf courses, shops, and medical facilities. This home is one of the most affordable options in the whole area.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $23.28 |
| − Vacancy | −$1.1k | −$1.28 |
| EGI | $19.1k | $22.00 |
| − OpEx | −$8.6k | −$9.90 |
| NOI | $10.5k | $12.10 |
868 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$150.0K
$131.3K – $175.1K
NOI $10,503 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.4938345
- Latitude
- 27.3526158
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Move-in ready, remodeled 2-bedroom condo in a 55+ community.
Where is this residential income property located?
The property is located at 3900 ROXANE BOULEVARD 11A Sarasota, FL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Move‑in ready, freshly remodeled 2‑bedroom condo.; Located in a 55+ community close to Sarasota attractions, restaurants, golf courses, shops, and doctors.; Most affordable option in the area.
