Move-In Ready Ground Floor
7959 LIMESTONE LANE 14-104 Sarasota, FL 34233
7959 LIMESTONE LANE 14-104, Sarasota, FL, 34233
$322,000
Pending
For Sale
$322,000
Pending
Pristine 3-bedroom, 2-bathroom condo with garage in gated community.
Property Size1,252 SF
Lot Size18.74 Acres
Days on Market491
Property Features for 7959 LIMESTONE LANE 14-104
General Information
- Standard status
- Pending
- Size
- 1,252 SF
- Lot size
- 18.74 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2007
Listing Agency
DALTON WADE INC
(941) 779-5571
Listed by
Basia Lenczowski · License #3473541
(941) 779-5571
Source
Exitrealty
Added: Mar 15, 2025 Checked: Jul 17 at 4:46 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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This ground floor unit in Stonehaven features modern amenities and well-maintained interiors. The 3-bedroom, 2-bathroom unit is in move-in ready condition. The main en-suite bedroom includes two separate closets, a large bathroom with a spacious step-in shower, and a linen closet. The kitchen features tall, wood cabinets and a peninsula, connecting to the dining room and living room. Beyond the kitchen are two guest bedrooms, a closet with washer and dryer hookups, and a second full bathroom with a combo tub and shower. The attached one-car garage has a paver driveway. Interior features include fresh paint, neutral tile throughout the living areas, new carpet in the bedrooms, and new tiles in the lanai. Appliances are newer throughout. The unit features concrete block construction, hurricane impact windows and sliding doors, and energy-saving LED lighting. A whole-unit surge protector has been installed. The garage door is isolated. Stonehaven is a gated, maintenance-free community with a resort-style heated pool and playground. The property is located in Sarasota's "A" rated school district, including Ashton Elementary, Sarasota Middle, and Riverview High (with IB program). The monthly condo fee covers building and ground maintenance, escrow reserves, amenities and common area maintenance, community management, irrigation, and common area taxes. The property size is 1252 square feet.
Key Highlights
- Rarely available ground floor unit in the gated Stonehaven community.
- Pristine, move‑in ready condition with modern amenities and well‑maintained interiors.
- Hurricane impact windows and sliding doors throughout, plus a whole unit surge protector.
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 | $29.1k | $23.28 |
| − Vacancy | −$1.6k | −$1.28 |
| EGI | $27.5k | $22.00 |
| − OpEx | −$12.4k | −$9.90 |
| NOI | $15.1k | $12.10 |
1,252 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$216.4K
$189.4K – $252.5K
NOI $15,149 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.2K
$322.2K – $429.5K
NOI $25,772 @ 7.0% cap · market cap 8.00%
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
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FAQs
What type of property is this?
Residential income property - Pristine 3-bedroom, 2-bathroom condo with garage in gated community.
Where is this residential income property located?
The property is located at 7959 LIMESTONE LANE 14-104 Sarasota, FL.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: Rarely available ground floor unit in the gated Stonehaven community.; Pristine, move‑in ready condition with modern amenities and well‑maintained interiors.; Hurricane impact windows and sliding doors throughout, plus a whole unit surge protector.
