First Floor Condo in
2644 CLUBHOUSE DRIVE 101 Sarasota, FL 34232
2644 CLUBHOUSE DRIVE 101, Sarasota, FL, 34232
$215,000
For Sale
$215,000
Two-bedroom, two-bath condo in 55+ community near Florida beaches.
Property Size1,059 SF
Price / SF$203.02
Days on Market946
Property Features for 2644 CLUBHOUSE DRIVE 101
General Information
- Standard status
- Active
- Size
- 1,059 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1973
Listing Agency
RE/MAX ALLIANCE GROUP
(941) 932-1487
Listed by
Joe Ebert · License #3296187
(941) 932-1487
Source
Exitrealty
Added: Dec 14, 2023 Checked: Jul 17 at 3:48 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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
This first-floor, two-bedroom, two-bath condo is located in Forest Lakes Village, offering convenient access to Florida beaches. As an end unit, the home benefits from ample natural light. The kitchen provides storage and counter space, facilitating easy entertaining with its open layout to the living room and dining area. Sliding glass doors open to a large, enclosed private lanai with views. The primary bedroom features a walk-in closet and tile shower. The second bedroom is spacious and includes a full bathroom. The unit comes with one covered parking space and additional guest parking. Forest Lakes Village is an active 55+ community with a busy social calendar and numerous amenities, including a clubhouse, pool table, fitness center, heated pool, grill area, and shuffleboard. The property is centrally located with easy access to shopping, restaurants, and the airport. The property size is 1059 square feet.
Key Highlights
- First‑floor, 2‑bedroom, 2‑bath condo in Forest Lakes Village.
- Located minutes from Florida beaches.
- End unit with extra natural light.
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 | $24.7k | $23.28 |
| − Vacancy | −$1.4k | −$1.28 |
| EGI | $23.3k | $22.00 |
| − OpEx | −$10.5k | −$9.90 |
| NOI | $12.8k | $12.10 |
1,059 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$183.1K
$160.2K – $213.6K
NOI $12,814 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.4K
$272.5K – $363.3K
NOI $21,799 @ 7.0% cap · market cap 10.14%
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 - Two-bedroom, two-bath condo in 55+ community near Florida beaches.
Where is this residential income property located?
The property is located at 2644 CLUBHOUSE DRIVE 101 Sarasota, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: First‑floor, 2‑bedroom, 2‑bath condo in Forest Lakes Village.; Located minutes from Florida beaches.; End unit with extra natural light.
