Renovated Condo in Bird
706 BIRD BAY W DRIVE 143 Venice, FL 34285
706 BIRD BAY W DRIVE 143, Venice, FL, 34285
$310,000
Pending
For Sale
$310,000
Pending
Renovated condo with modern amenities in active community.
Property Size1,244 SF
Lot Size24.09 Acres
Days on Market871
Property Features for 706 BIRD BAY W DRIVE 143
General Information
- Standard status
- Pending
- Size
- 1,244 SF
- Lot size
- 24.09 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1979
Listing agency
GULF SHORES REALTY
(941) 202-2312
Listed by
Linda Williams · License #3334780
(941) 202-2312
Source
Exitrealty
Added: Mar 2, 2024 Updated: Jul 10 at 3:50PM Checked: Jul 21 at 4:39AM
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 GULF SHORES REALTY
Investment Insights
Based on property information with market context.
This renovated 1244 sqft condo features three bedrooms and two baths with vaulted ceilings in Bird Bay Village. The property includes a full kitchen remodel with solid wood cabinets, newer appliances, quartz countertops, a breakfast bar, reverse osmosis under the kitchen sink, and a lit cabinet over the range. Windows were replaced with impact glass in 2021. The living room and primary bedroom have sliders that open to the southeastern facing lanai. Engineered hardwood floors are featured in the third bedroom (den), dining room, and living room. The primary bathroom includes separate his/hers closets, a barn slider door for privacy, and a renovated walk-in shower. Upgraded light fixtures and ceiling fans are installed throughout. The building has a new roof and there are no pending assessments. Laundry is located in the unit, and there is a separate storage shed attached to the carport. Bird Bay Village is an amenity-rich community with a Junior Olympic swimming pool, fitness center, pickleball courts, tennis courts, and a clubhouse with a full kitchen. There is also easy access to the Legacy Trail. This unit is currently leased until 9/30/2025, which must be honored by the new owner(s). The owner has all appliances, including HVAC, tested and maintained every six months. It is suitable as a seasonal retreat, income-producing rental property, or full-time residence with close proximity to dining, shopping, arts, and beaches.
Key Highlights
- Prime location near Venice Island with easy access to dining, shopping, arts, and beaches.
- Extensively renovated 3‑bedroom, 2‑bath condo with vaulted ceilings, including a full kitchen remodel with solid wood cabinets and quartz countertops.
- Impact glass windows installed in 2021 and new roof on the building with no pending assessments.
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 | $23.0k | $18.48 |
| − Vacancy | −$2.4k | −$1.92 |
| EGI | $20.6k | $16.56 |
| − OpEx | −$9.3k | −$7.45 |
| NOI | $11.3k | $9.11 |
1,244 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$161.8K
$141.6K – $188.8K
NOI $11,329 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.6K
$309.4K – $412.5K
NOI $24,749 @ 7.0% cap · market cap 7.98%
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 - Renovated condo with modern amenities in active community.
Where is this residential income property located?
The property is located at 706 BIRD BAY W DRIVE 143 Venice, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Prime location near Venice Island with easy access to dining, shopping, arts, and beaches.; Extensively renovated 3‑bedroom, 2‑bath condo with vaulted ceilings, including a **full kitchen remodel with solid wood cabinets and quartz countertops**.; **Impact glass windows installed in 2021** and new roof on the building with no pending assessments.
