Villa-Style Duplex Home with
1275 BERKSHIRE CIRCLE Venice, FL 34292
For Sale
$344,900
Villa-style home with gated courtyard, screen lanai, and an 18-foot overhead garage door for added parking flexibility.
Property Size1,503 SF
Price / SF$229.47
Days on Market11
Property Features for 1275 BERKSHIRE CIRCLE
General Information
- Standard status
- Active
- Size
- 1,503 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1996
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 544-3775
Listed By:
Gae Stewart · License #541444
(941) 544-3775
Source:
Bonjorn
Added: Jul 13
Changed: Jul 22
Last Checked: Jul 23 at 6:35AM
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 villa-style duplex residence features a great room design with volume ceilings and an open, light-filled layout. The home includes an inside laundry area, split bedroom plan, and a screen lanai that overlooks a small lake/pond with views continuing toward the golf course. A gated courtyard with block walls, paver patio and walkways adds an outdoor entry option, with additional outdoor space accessible from multiple bedroom areas.
Set at the end of a street on a cul-de-sac within the maintenance-free Berkshire Place area of Waterford, the property also backs to a county/city park with wooded land and walking trails. The arrangement supports added guest parking and a high level of privacy created by surrounding open space.
Recent improvements include a new tile roof installed in 2025, exterior paint in 2024, an air conditioner replaced in 2021, and a recently replaced 18-foot-wide overhead garage door. Flooring is vinyl and laminate throughout except for carpet in Bedroom 2, and the kitchen offers granite counters and ample storage, including pullout drawers.
Set at the end of a street on a cul-de-sac within the maintenance-free Berkshire Place area of Waterford, the property also backs to a county/city park with wooded land and walking trails. The arrangement supports added guest parking and a high level of privacy created by surrounding open space.
Recent improvements include a new tile roof installed in 2025, exterior paint in 2024, an air conditioner replaced in 2021, and a recently replaced 18-foot-wide overhead garage door. Flooring is vinyl and laminate throughout except for carpet in Bedroom 2, and the kitchen offers granite counters and ample storage, including pullout drawers.
Key Highlights
- 1996 villa‑style home with 1,503 sq ft living area (per builders blueprints and measurements).
- 2‑car garage with an 18‑ft wide overhead door (recently replaced) for added parking flexibility.
- Gated courtyard entry with block walls and paver brick patio and walkways.
Financial Insights For Multifamily LT 5
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 | $24.3k | $16.20 |
| − Vacancy | −$2.4k | −$1.60 |
| EGI | $21.9k | $14.60 |
| − OpEx | −$6.6k | −$4.38 |
| NOI | $15.4k | $10.22 |
1,503 SF · lease $16.20/SF/yr · vacancy 9.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,688 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$427.2K
$373.8K – $498.4K
NOI $29,902 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Villa-style home with gated courtyard, screen lanai, and an 18-foot overhead garage door for added parking flexibility.
Where is this duplex located?
The property is located at 1275 BERKSHIRE CIRCLE Venice, FL.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: 1996 villa‑style home with 1,503 sq ft living area (per builders blueprints and measurements).; 2‑car garage with an 18‑ft wide overhead door (recently replaced) for added parking flexibility.; Gated courtyard entry with block walls and paver brick patio and walkways.
