Spacious Condo in Spring
814 SPRING LAKES BOULEVARD 14 Bradenton, FL 34210
Move-in ready condo with lush views and community amenities.
Type:Condo/Townhome
Property size:
1,446 SFPrice / SF:
$190/SF- Added:
- Jul 9, 2024
- Days on Market:
- 731
- Last Refresh:
- Apr 6 at 1:46 am
Property Features for 814 SPRING LAKES BOULEVARD 14
General Information
- Standard status
- Active
- Size
- 1,446 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1984
Listing office BOYD REALTY (941) 920-3341
Listing date Jul 9, 2024
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 BOYD REALTY
Investment Insights
Based on property information with market context.
This spacious condo in Spring Lakes offers abundant natural light and a layout that feels larger than its actual square footage of 1446 square feet. The living room, master bedroom, and third bedroom overlook foliage and flowers, creating a private and serene backyard view. The third bedroom is versatile, featuring slider doors off the living room that can be opened to create an overflow gathering room or used as a den or workspace with outdoor views. The kitchen provides ample storage. Updated flooring and neutral paint are present throughout the unit. An enclosed lanai adds an additional 300 square feet of space for relaxation. Residents can enjoy two community pools, a tennis court, and pickleball. The location is one mile from IMG Academy and a short drive to Sarasota, with easy access to the Ringling, Van Wezel, and SRQ Airport. This property is suitable for a primary or vacation home and is not age-restricted.
Key Highlights
- Spacious condo with abundant natural light and serene, private backyard views.
- Enclosed lanai adds 300 square feet of living space.
- Updated flooring and neutral paint make it move‑in ready.
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 | $33.7k | $23.28 |
| − Vacancy | −$1.9k | −$1.28 |
| EGI | $31.8k | $22.00 |
| − OpEx | −$14.3k | −$9.90 |
| NOI | $17.5k | $12.10 |
1,446 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,496 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.2K
$372.1K – $496.1K
NOI $29,766 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Move-in ready condo with lush views and community amenities.
Where is this residential income property located?
The property is located at 814 SPRING LAKES BOULEVARD 14 Bradenton, 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: Spacious condo with abundant natural light and serene, private backyard views.; Enclosed lanai adds 300 square feet of living space.; Updated flooring and neutral paint make it move‑in ready.
