Sarasota Bay View
4737 INDEPENDENCE DRIVE 4737 Bradenton, FL 34210
For Sale
$398,500
Top-floor condo with incredible Sarasota Bay views and many amenities.
Property Size1,238 SF
Price / SF$321.89
Days on Market621
Property Features for 4737 INDEPENDENCE DRIVE 4737
General Information
Standard status
Active
Size
1,238 SF
Property subtype
Condo/Townhome
Building Details
Year Built
1979
Listing Agency:
EXP REALTY LLC
(231) 675-5131
Listed By:
Sue Gengle · License #3585152
(231) 675-5131
Source:
Exitrealty
Added: Nov 15, 2024
Changed: Jul 6
Last Checked: Jul 28 at 4:36AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This top-floor condo offers views of Sarasota Bay. The property features hurricane impact windows with one-way blinds. The great room combines dining and living areas. The kitchen includes a breakfast bar, cathedral ceiling with two fans, an in-closet stackable washer and dryer, and a pantry. New luxury laminate flooring extends throughout the home, with ceramic tile in both bathrooms and on the lanai. Ceilings have been raised throughout most of the condo. A new AC unit was installed in May 2024, and the hot water heater was replaced in 2019. The primary ensuite, located bayside, features an extra-large tiled shower and a spacious walk-in closet with a pocket door and attic access with pull-down steps for extra storage. The guest bedroom is located near the guest bathroom, which also features a large tiled shower. Mount Vernon amenities include boat docks, boat trailer storage, kayak storage, pickleball, tennis, shuffleboard, an exercise room, a woodshop, put-put golf, a shelter house, fishing, a pool, and a sauna. The condo fee covers these amenities, discounted Spectrum TV and WIFI, water, trash and recycle pickup, and maintenance of common grounds and building exteriors. Golf carts are allowed. Located off Cortez Road, the property provides direct access to Anna Maria Island, with beaches, restaurants, shopping, live music, and golfing. The property size is 1238 square feet.
Key Highlights
- Unobstructed, panoramic Sarasota Bay view from the top (second) floor, featuring exotic Florida nature and wildlife.
- Hurricane impact windows and sliding doors throughout, ensuring safety and energy efficiency.
- Extensive community amenities at Mount Vernon, including boat docks, kayak storage, pickleball, tennis, pool, exercise room, and more.
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 | $28.8k | $23.28 |
| − Vacancy | −$1.6k | −$1.28 |
| EGI | $27.2k | $22.00 |
| − OpEx | −$12.3k | −$9.90 |
| NOI | $15.0k | $12.10 |
1,238 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$214.0K
$187.3K – $249.7K
NOI $14,980 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.1K
$318.6K – $424.7K
NOI $25,484 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condo with incredible Sarasota Bay views and many amenities.
Where is this residential income property located?
The property is located at 4737 INDEPENDENCE DRIVE 4737 Bradenton, FL.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Unobstructed, panoramic Sarasota Bay view from the top (second) floor, featuring exotic Florida nature and wildlife.; Hurricane impact windows and sliding doors throughout, ensuring safety and energy efficiency.; Extensive community amenities at Mount Vernon, including boat docks, kayak storage, pickleball, tennis, pool, exercise room, and more.
