Waterfront Duplex with Golf
For Sale
$329,900
1275 BERKSHIRE Circle, Venice, FL 34292
Residential, VENICE, FL
Property Size1,503 SF
Lot Size0.10 Acres
Price / SF$219.49
Days on Market56
Property Features for 1275 BERKSHIRE Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PUD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2, Dining Room
Parking features
Driveway, Open
Window features
Window Treatments
Patio and Porch features
Porch, Patio, Deck
Pets allowed
Breed Restrictions, Cats OK, Dogs OK
Interior features
Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Exterior features
Lighting, Private Entrance, Private Mailbox, Private Yard, Sliding Doors
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
BERKSHIRE PLACE PH 2
Lot features
Corner Lot, Cul-De-Sac, City Limits, Landscaped, Near Golf Course, Private, Street Dead- End, Paved
View
Golf Course, Park, Water
Directions
from East Venice Avenue, north on Pinebrook Rd to right on Water Street, left thru gate, NEED CODE, right on Berkshire Circle to end
Standard status
Active
APN
0401130049
Size
1,503 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 17A BERKSHIRE PLACE PH 2
Tax Annual Amount
1539
Legal Description
LOT 17A BERKSHIRE PLACE PH 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Water front features
Pond
Water front
1
Amenities
gated courtyard
paver brick patio
screen lanai
granite counters
ceiling fans
Building Details
Year built
1996
Floors in Building
1
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 486-8686
Listed By:
Gae Stewart · License #541444
(941) 544-3775
Added: Jul 13
Changed: Sep 2
Last Checked: Sep 6 at 3:06AM
MLS# N6145004
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This PUD-zoned duplex residence offers 1,503 square feet of interior space on a 0.1-acre lot. The layout includes three bedrooms, two bathrooms, an open living and dining area, a kitchen with granite counters, backsplash, extensive cabinetry, and pullout storage, plus an interior laundry room. The split-bedroom arrangement places the primary suite apart from the secondary rooms, while Bedroom 2 includes flexibility for office or den use. Ceramic tile and vinyl flooring run through most of the home, with carpet in Bedroom 2. A screened lanai, courtyard patio, and two-car garage with an 18-foot overhead door add usable space. The tile roof was installed in 2025, exterior paint was completed in 2024, and the air conditioner dates to 2021.
The property sits at the end of a cul-de-sac and backs to a pond, golf course views, and a county/city park with wooded land and walking trails. Downtown Venice, Gulf beaches, and the Intracoastal Waterway are within minutes. Public water and sewer serve the property.
The property sits at the end of a cul-de-sac and backs to a pond, golf course views, and a county/city park with wooded land and walking trails. Downtown Venice, Gulf beaches, and the Intracoastal Waterway are within minutes. Public water and sewer serve the property.
Key Highlights
- 1,503‑square‑foot duplex residence on a 0.1‑acre lot
- PUD zoning with pond and golf course views
- Three‑bedroom, two‑bath split‑bedroom floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,360
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,200
$307.2K
Cap Rate 7%
$219,429
$219.4K
Cap Rate 9%
$170,667
$170.7K
Market Conditions
NOI Build-Up for 1,503 SF
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.
Gross rent
$24.3K $16.20/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$21.9K $14.60/SF
− OpEx
−$6.6K −$4.38/SF
NOI
$15.4K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,200
Cap Rate 7%
$219,429
Cap Rate 9%
$170,667
Alternative Uses
Best Use
Multifamily LT 5
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,688 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$427.2K
$373.8K – $498.4K
NOI $29,902 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 34292, FL
17,141
Population
10,559
Households
1.6
Avg Household Size
68
Median Age
43%
College-Educated
96%
High-School Grad
32.5 sq mi
ZIP Area
527
Density / Sq Mi
$80,274
Median Household Income
$41,719
Median Earnings
$1,924
Median Rent
$417,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - PUD-zoned duplex residence with a screened lanai, split-bedroom layout, and private pond frontage near Venice amenities.
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 $329,900.
What are key features of this property?
This property features: 1,503‑square‑foot duplex residence on a 0.1‑acre lot; PUD zoning with pond and golf course views; Three‑bedroom, two‑bath split‑bedroom floor plan
