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    Waterfront Residential Lot Title is generated by Realmo AI

    155 TOURNAMENT ROAD, Rotonda West, FL 33947

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    For Sale
    $54,900

    Land - ROTONDA WEST, FL

    Lot size:
    0.22 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 155 TOURNAMENT ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF5
    Pets allowed
    Yes
    Exterior features
    Level, Paved
    Standard status
    Active
    APN
    412025104007A
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1186
    Expense value
    15.829999923706
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Canal - Freshwater, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kathy Damewood
    Kathy Damewood

    Listing agent Kathy Damewood License #544136

    Listing office RE/MAX ALLIANCE GROUP 2230 McCall Rd, #A, Sarasota, FL

    Listing date Jun 4, 2026

    MLS# D6147689 Listing URL

    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.

    HighLights

    • Waterfront lot in Rotonda West, Pine Valley section
    • Freshwater canal frontage with Waterfront features
    • Level, paved lot with utilities available
    • HOA fee is $190 annually
    • Central water, sewer, and electricity available
    • Not currently in a Scrub Jay Habitat per Charlotte County (please reconfirm during due diligence)

    Overview

    This offering is a buildable waterfront land parcel within Rotonda West’s Pine Valley section of the deed-restricted community. The property is described as currently not in a Scrub Jay Habitat per Charlotte County, with the note that this should be reconfirmed during due diligence. Central water, sewer, and electricity are available, supporting planning for residential construction. The site is zoned RSF5.

    The seller notes an HOA fee of $190 annually. The property is located at 155 Tournament Road in Rotonda West, Charlotte County, Florida. The remarks further describe the surrounding area as an established golf community with multiple golf courses, along with proximity to shopping, restaurants, beaches, and fishing.

    For prospective buyers, this lot’s waterfront setting and utility availability make it a straightforward option for building a primary residence in a deed-restricted environment. The listing also mentions an additional nearby opportunity, Lot #418 at 157 Tournament Road, which is described as available if you are seeking extra space. As with any land purchase, confirming site conditions, habitat status, and buildability details during due diligence will be important to align the parcel with your intended home plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rotonda West
    County
    Charlotte
    State
    Florida
    Longitude
    -82.270092
    Latitude
    26.8842898

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    FAQs

    What type of property is this?
    Waterfront Land - Buildable waterfront lot in a deed-restricted Rotonda West community with utilities available for construction planning.
    Where is this waterfront land located?
    The property is located at 155 TOURNAMENT ROAD Rotonda West, FL.
    What is the asking price?
    The asking price for this property is $54,900.
    What are key features of this property?
    This property features: Waterfront lot in Rotonda West, Pine Valley section; Freshwater canal frontage with Waterfront features; Level, paved lot with utilities available
    (941) 321-7355
    We can help!
    Listing Contact
    Kathy Damewood
    Kathy Damewood
    Real Estate License ID: 544136
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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