Updated Condo in Raintree
11847 SKYLAKE PLACE D Tampa, FL 33617
11847 SKYLAKE PLACE D, Tampa, FL, 33617
$244,900
For Sale
$244,900
Updated condo with pond view, modern kitchen, and community amenities.
Property Size1,354 SF
Price / SF$180.87
Days on Market554
Property Features for 11847 SKYLAKE PLACE D
General Information
- Standard status
- Active
- Size
- 1,354 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1988
Listing Agency
AGILE GROUP REALTY
(845) 527-8437
Listed by
Kaitlin Sherin · License #3453469
(845) 527-8437
Source
Exitrealty
Added: Jan 10, 2025 Checked: Jul 17 at 5:24 am
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 AGILE GROUP REALTY
Investment Insights
Based on property information with market context.
This updated second-story condo is located in the Raintree Village community. The split floor plan creates a spacious and open layout. The combined living and dining room features vinyl flooring, high ceilings, and French doors that open to a screened lanai. The lanai offers a view of a pond and mature oak trees. There is also a private front porch area. The kitchen includes updated cabinets, granite countertops, and stainless steel appliances. A bar area provides extra seating and overlooks the dining and family rooms. A laundry room with a washer and dryer is located off the kitchen. The master bedroom has carpeting, a walk-in closet, and sliding glass doors to the lanai. The updated ensuite bathroom features a walk-in tiled shower, modern vanity, and new fixtures. The second bedroom is carpeted and includes a walk-in closet. The second bathroom is updated with a tiled walk-in shower, newer vanity, and fixtures. The condo is equipped with a newer A/C unit. The monthly HOA fee covers water, trash, basic cable, internet, exterior maintenance, and landscaping. Raintree Village offers community amenities, including swimming pools, racquetball courts, tennis courts, and a recreation building. The property is near the University of South Florida, Mosi Museum, Moffitt Cancer Center, Busch Gardens, shopping, and entertainment. The property size is 1354 square feet.
Key Highlights
- Updated Kitchen: Enjoy updated cabinets, granite countertops, and stainless steel appliances, with a bar area overlooking the dining and family rooms.
- Updated Bathrooms: Both bathrooms feature tiled walk‑in showers, newer vanities, and fixtures.
- Peaceful Pond View: Screened lanai offers a relaxing view of a pond and mature oak trees.
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 | $28.8k | $21.24 |
| − Vacancy | −$2.0k | −$1.51 |
| EGI | $26.7k | $19.73 |
| − OpEx | −$12.0k | −$8.88 |
| NOI | $14.7k | $10.85 |
1,354 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$209.9K
$183.7K – $244.9K
NOI $14,694 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.4K
$276.0K – $368.0K
NOI $22,081 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated condo with pond view, modern kitchen, and community amenities.
Where is this residential income property located?
The property is located at 11847 SKYLAKE PLACE D Tampa, FL.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Updated Kitchen: Enjoy updated cabinets, granite countertops, and stainless steel appliances, with a bar area overlooking the dining and family rooms.; Updated Bathrooms: Both bathrooms feature tiled walk‑in showers, newer vanities, and fixtures.; Peaceful Pond View: Screened lanai offers a relaxing view of a pond and mature oak trees.
