Venice Condo with Lake
400 MISSION E TRAIL D Venice, FL 34285
400 MISSION E TRAIL D, Venice, FL, 34285
$255,000
For Sale
$255,000
Renovated two-bedroom condo in Mission Lakes community, move-in ready.
Property Size1,064 SF
Price / SF$239.66
Days on Market635
Property Features for 400 MISSION E TRAIL D
General Information
- Standard status
- Active
- Size
- 1,064 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1982
Listing agency
RE/MAX PALM REALTY OF VENICE
(941) 787-4887
Listed by
Ginny Powers · License #3381218
(941) 787-4887
Source
Exitrealty
Added: Oct 25, 2024 Updated: Jul 6 at 12:18PM Checked: Jul 21 at 4:28AM
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 RE/MAX PALM REALTY OF VENICE
Investment Insights
Based on property information with market context.
This is a gorgeous, negotiable furnished, second-floor condo featuring two bedrooms and two bathrooms, located in the desirable Mission Lakes Community. The property offers long lake and pier views. The kitchen has been renovated and opens to the dining and living room, featuring quartz countertops, wood cabinets, a closet/pantry, and a coffee/wine wet bar. All drawers and cabinets in the kitchen have soft-close mechanisms. New lighting, ceiling fans, and stainless steel appliances have been added. A sliding barn door leads to the primary bathroom. Classy luxury vinyl floors are installed throughout the condo. The bathrooms have been completely renovated, and a new washer/dryer was installed in 2024. The condo is move-in ready and well-maintained. The ductwork was replaced in 2023, and impact windows were replaced in 2024, along with the condo being re-piped. The community offers three heated pools and is centrally located just off Center Rd., within a few miles of downtown Venice and the Gulf of Mexico. The property size is 1064 square feet.
Key Highlights
- Completely renovated, move‑in ready condo with long lake and pier views.
- Impact windows (2024), re‑piped plumbing, and new duct work (2023).
- Renovated kitchen boasts quartz countertops, wood cabinets, soft‑close drawers, and stainless steel appliances.
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 | $19.7k | $18.48 |
| − Vacancy | −$2.0k | −$1.92 |
| EGI | $17.6k | $16.56 |
| − OpEx | −$7.9k | −$7.45 |
| NOI | $9.7k | $9.11 |
1,064 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$138.4K
$121.1K – $161.5K
NOI $9,690 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.4K
$264.6K – $352.8K
NOI $21,168 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Renovated two-bedroom condo in Mission Lakes community, move-in ready.
Where is this residential income property located?
The property is located at 400 MISSION E TRAIL D Venice, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Completely renovated, move‑in ready condo with long lake and pier views.; Impact windows (2024), re‑piped plumbing, and new duct work (2023).; Renovated kitchen boasts quartz countertops, wood cabinets, soft‑close drawers, and stainless steel appliances.
