Valencia Condominium with Golf
3500 EL CONQUISTADOR PARKWAY 148 Bradenton, FL 34210
For Sale
$279,900
Pending
Spacious 3-bedroom condo with golf course views and new roof.
Property Size1,595 SF
Days on Market918
Property Features for 3500 EL CONQUISTADOR PARKWAY 148
General Information
Standard status
Pending
Size
1,595 SF
Property subtype
Condo/Townhome
Building Details
Year Built
1978
Listing Agency:
WAGNER REALTY
(941) 962-4475
Listed By:
Stacy Bradberry · License #3507386
(941) 962-4475
Source:
Exitrealty
Added: Jan 23, 2024
Changed: Jul 6
Last Checked: Jul 29 at 6:03AM
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 WAGNER REALTY
Investment Insights
Based on property information with market context.
This turn-key condominium, located in the Valencia Community, features 3 bedrooms and 2 full bathrooms. The split floor plan provides privacy and convenience. The master suite includes multiple closets, an en suite bathroom, and direct access to the enclosed glassed and screened lanai. The two guest bedrooms and additional bathroom are located on the south side of the property. The open-concept living and dining room flows into a fully appointed eat-in kitchen with extra cabinetry, ample storage, and an in-unit laundry area. Deluxe shutters and blinds adorn all windows. A covered carport is located steps from the private covered stairway. The lanai offers views of the #2 green and #3 tee of the IMG Golf Club. The Valencia Community has a heated pool with a spa and tropical landscaping. The location provides easy access to IMG Country Club, BTC Tennis Club, and GT Bray Park. Anna Maria Island, Longboat Key, Siesta Key, and Venice beaches are a short drive away. The property is suitable for investors, with no waiting period to rent, a 60-day minimum lease, and a maximum of two leases per year. One pet under 25 lbs is allowed. The property has a new roof. The 2024 roof assessment has been fully paid by the seller. The property size is 1595 square feet.
Key Highlights
- New Roof Just Installed and 2024 roof assessment fully paid by seller.
- Unmatched views of the #2 green and #3 tee of the IMG Golf Club from the lanai.
- Spacious 3‑bedroom, 2‑bathroom condominium with a split floor plan for privacy.
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 | $37.1k | $23.28 |
| − Vacancy | −$2.0k | −$1.28 |
| EGI | $35.1k | $22.00 |
| − OpEx | −$15.8k | −$9.90 |
| NOI | $19.3k | $12.10 |
1,595 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$275.7K
$241.2K – $321.7K
NOI $19,299 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.0K
$410.4K – $547.2K
NOI $32,833 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Spacious 3-bedroom condo with golf course views and new roof.
Where is this residential income property located?
The property is located at 3500 EL CONQUISTADOR PARKWAY 148 Bradenton, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: New Roof Just Installed and 2024 roof assessment fully paid by seller.; **Unmatched views of the #2 green and #3 tee of the IMG Golf Club from the lanai.**; **Spacious 3‑bedroom, 2‑bathroom condominium with a split floor plan for privacy.**
