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    Bright End Unit Condo Title is generated by Realmo AI

    3711 PINECONE COURT 168, Sarasota, FL 34238

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    For Sale
    $275,000

    Condo near Siesta Key with many community amenities.

    Type:Condo/Townhome
    Property size:
    1,353 SF
    Price / SF:
    $203/SF
    Added:
    Nov 8, 2024
    Days on Market:
    608
    Last Refresh:
    Apr 6 at 3:26 am

    Property Features for 3711 PINECONE COURT 168

    General Information

    Standard status
    Active
    Size
    1,353 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1985

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    Tami Satterlee

    Listing office BERKSHIRE HATHAWAY HOMESERVICE

    Listing date Nov 8, 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 BERKSHIRE HATHAWAY HOMESERVICE

    HighLights

    • Seven minute drive to Crescent Beach, Siesta Key.
    • Resort‑style heated pool and hot tub.
    • Private lanai due to end unit location on a green belt.
    • Pickleball and Tennis Courts.
    • New air‑conditioning system (2018) and new hot water heater.
    • Clubhouse with kitchen, meeting room, and library.

    Overview

    This bright and sunny end unit is located in a lush tropical setting, approximately seven minutes by car from Crescent Beach on Siesta Key. The property features ceramic tile flooring throughout, neutral paint, and newer appliances. The air-conditioning system was replaced in 2018, and a new hot water heater has been installed. Situated on a green belt expanse, the lanai offers considerable privacy. The community provides a range of amenities, including a resort-style heated pool, hot tub, pickleball court, tennis courts, and putting green. A clubhouse is available, equipped with a kitchen and a private meeting room, as well as a library. The property size is 1353 square feet.

    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 $31.5k $23.28
    − Vacancy −$1.7k −$1.28
    EGI $29.8k $22.00
    − OpEx −$13.4k −$9.90
    NOI $16.4k $12.10
    1,353 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $233.9K
    $204.6K – $272.9K (±1% cap)
    NOI $16,371 @ 7.0% cap · market cap 5.95%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $397.9K
    $348.1K – $464.2K (±1% cap)
    NOI $27,851 @ 7.0% cap · market cap 10.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Daycare Center Barber Shop Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Locksmith Building Supply Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.4948478
    Latitude
    27.2383587

    FAQs

    What type of property is this?
    Residential income property - Condo near Siesta Key with many community amenities.
    Where is this residential income property located?
    The property is located at 3711 PINECONE COURT 168 Sarasota, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Seven minute drive to Crescent Beach, Siesta Key.; Resort‑style **heated pool and hot tub.**; **Private lanai** due to end unit location on a green belt.
    More about this property
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