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    Stylish Treehouse in Pelican Cove Title is generated by Realmo AI

    1615 CLOWER CREEK DRIVE 177, Sarasota, FL 34231

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    For Sale
    $399,000

    Renovated 3-bedroom home with community amenities.

    Type:Condo/Townhome
    Property size:
    1,703 SF
    Price / SF:
    $234/SF
    Added:
    Mar 23, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 5 at 11:43 pm

    Property Features for 1615 CLOWER CREEK DRIVE 177

    General Information

    Standard status
    Active
    Size
    1,703 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1979

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    Listing Contact
    Judy Limekiller
    Judy Limekiller

    Listing agent Judy Limekiller License #3131877

    Listing office COLDWELL BANKER SARASOTA CENT.

    Listing date Mar 23, 2026

    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 COLDWELL BANKER SARASOTA CENT.

    HighLights

    • Steps from Harbor House and lap pool in popular condo enclave.
    • Completely remodeled kitchen and flooring throughout.
    • 3 bedrooms and 3 bathrooms.
    • Open concept with soaring cathedral ceilings and abundant light.
    • Front and back patios plus screened‑in sitting area off primary bedroom.
    • Separate laundry utility room and secure external storage shed with covered carport.

    Overview

    This 3-bedroom, 3-bath residence offers gracious living with an open concept and generously sized rooms. Soaring cathedral ceilings and abundant light enhance the interior, while front and back patios and a screened-in sitting area off the primary upstairs bedroom provide outdoor living space. The property includes a downstairs family room/den, a separate laundry utility room, a secure external storage shed, and a covered carport. A renovation resulted in a completely remodeled kitchen and flooring throughout. Laminate flooring extends throughout the home, and the kitchen features opened walls. The residence is situated within a popular condo enclave, steps from the Harbor house and lap pool. With 1703 square feet, this home is located in Sarasota, FL, within the Pelican Cove community, offering a warm community atmosphere with activities and cultural events.

    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 $39.6k $23.28
    − Vacancy −$2.2k −$1.28
    EGI $37.5k $22.00
    − OpEx −$16.9k −$9.90
    NOI $20.6k $12.10
    1,703 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $294.4K
    $257.6K – $343.4K (±1% cap)
    NOI $20,606 @ 7.0% cap · market cap 5.16%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $500.8K
    $438.2K – $584.3K (±1% cap)
    NOI $35,056 @ 7.0% cap · market cap 8.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5009128
    Latitude
    27.2307246

    FAQs

    What type of property is this?
    Residential income property - Renovated 3-bedroom home with community amenities.
    Where is this residential income property located?
    The property is located at 1615 CLOWER CREEK DRIVE 177 Sarasota, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Steps from Harbor House and lap pool in popular condo enclave.; **Completely remodeled kitchen and flooring throughout.**; 3 bedrooms and 3 bathrooms.
    More about this property
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