Furnished Condo with Lake
905 ADDINGTON COURT 102 Venice, FL 34293
905 ADDINGTON COURT 102, Venice, FL, 34293
$274,900
For Sale
$274,900
Spacious, furnished 2-bedroom condo with lake view and garage.
Property Size1,280 SF
Price / SF$214.77
Days on Market595
Property Features for 905 ADDINGTON COURT 102
General Information
- Standard status
- Active
- Size
- 1,280 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2000
Listing agency
MICHAEL SAUNDERS & COMPANY
(941) 232-5484
Listed by
Helene Johnston, P.A. · License #3040119
(941) 232-5484
Source
Exitrealty
Added: Dec 3, 2024 Updated: Jul 6 at 12:18PM Checked: Jul 21 at 3:09AM
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 MICHAEL SAUNDERS & COMPANY
Investment Insights
Based on property information with market context.
This furnished condo features 2 bedrooms and 2 bathrooms and is located in the gated West Lake Gardens section of the Plantation Golf & Country Club. The ground floor, lakefront unit includes a walk-out sun deck. The air-conditioned Florida room overlooks the lake. The condo is light and bright and has been occupied sparingly over the last 12 years. The residence comes with a detached 1-car garage and 1 designated parking spot. Multiple community pools are nearby. A split floor plan offers privacy, while the kitchen features an eat-in area, white cabinetry, and granite countertops. There is also a separate dining space for entertaining. The association is pet-friendly and offers a generous rental policy. A new roof was installed in 2023, and assessments have already been paid by the current owners. Various levels of memberships are available to join the Plantation Golf & Country Club, but it is not mandatory. The location provides easy access to Downtown Venice, area beaches, shopping, and restaurants, as well as outdoor activities at the nearby Wellen Park area. The property is conveniently located near the Atlanta Braves spring training facility.
Key Highlights
- Ground floor, lakefront unit with walk‑out sun deck.
- Located in gated West Lake Gardens within Plantation Golf & Country Club.
- Furnished, 2 bedroom / 2 bath condo with detached 1 car garage and designated parking.
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 | $23.7k | $18.48 |
| − Vacancy | −$2.5k | −$1.92 |
| EGI | $21.2k | $16.56 |
| − OpEx | −$9.5k | −$7.45 |
| NOI | $11.7k | $9.11 |
1,280 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$166.5K
$145.7K – $194.3K
NOI $11,657 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.8K
$318.3K – $424.4K
NOI $25,465 @ 7.0% cap · market cap 9.26%
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 - Spacious, furnished 2-bedroom condo with lake view and garage.
Where is this residential income property located?
The property is located at 905 ADDINGTON COURT 102 Venice, FL.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Ground floor, lakefront unit with walk‑out sun deck.; Located in gated West Lake Gardens within Plantation Golf & Country Club.; Furnished, 2 bedroom / 2 bath condo with detached 1 car garage and designated parking.
