Resort-Style Villa in Golf
For Sale
$279,000
29417 CADDYSHACK LANE, San Antonio, FL 33576
Move-in ready villa in active 55+ Tampa Bay community.
Property Size1,384 SF
Lot Size0.11 Acres
Price / SF$201.59
Days on Market622
Property Features for 29417 CADDYSHACK LANE
General Information
Standard status
Active
Size
1,384 SF
Lot size
0.11 Acres
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$2,009
Building Details
Year Built
2001
Listing Agency:
EXP REALTY LLC
(727) 432-5993
Listed By:
Bradley Uline · License #466496
(727) 432-5993
Source:
Exitrealty
Added: Nov 27, 2024
Changed: Aug 8
Last Checked: Aug 11 at 6:36AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Located in a guard-gated, active 55+ resort-style community, this move-in ready villa offers a maintenance-free lifestyle. The open concept floor plan features a vaulted ceiling and uniform Italian marble-looking ceramic tile flooring throughout. The kitchen includes wood cabinets, a pantry, an eat-in area, and new appliances installed in 2023. This home has a split plan with three bedrooms, providing privacy. The owner's suite has sliders to a large screened lanai and access to a spa/hot tub. The ensuite bathroom features dual sinks and an 11x6 walk-in closet. The additional bedrooms are situated on the opposite side of the home. An inside laundry room adds convenience. Recent updates include a new roof in 2023, new appliances in 2023, a new water heater in 2023, and new exterior paint in 2022.
The Tampa Bay Golf & Country Club offers amenities and activities, including three community buildings. The activity center features a fitness center with new equipment, a cardroom, billiards tables, and a conference room. The community center is a hub of social activity, offering fitness classes, card games, a craft room, a small auditorium, a tennis court, a pickleball court, a bocce court, corn hole courts, and shuffleboard courts, along with a smaller pool. The clubhouse includes an elegant ballroom with a stage, Champions Bar & Grill, a sports bar, card and game rooms, a library, and a resort-style pool. The community is pet-friendly with two fenced dog parks. The property is located in the San Antonio/Wesley Chapel area, convenient to shopping, dining, entertainment venues, healthcare, and attractions.
The Tampa Bay Golf & Country Club offers amenities and activities, including three community buildings. The activity center features a fitness center with new equipment, a cardroom, billiards tables, and a conference room. The community center is a hub of social activity, offering fitness classes, card games, a craft room, a small auditorium, a tennis court, a pickleball court, a bocce court, corn hole courts, and shuffleboard courts, along with a smaller pool. The clubhouse includes an elegant ballroom with a stage, Champions Bar & Grill, a sports bar, card and game rooms, a library, and a resort-style pool. The community is pet-friendly with two fenced dog parks. The property is located in the San Antonio/Wesley Chapel area, convenient to shopping, dining, entertainment venues, healthcare, and attractions.
Key Highlights
- Guard‑gated, active 55+ resort‑style golf & country club community with extensive amenities.
- Move‑in ready, maintenance‑free villa with a new roof, appliances, and water heater (all 2023).
- Open concept 3‑bedroom split plan with vaulted ceilings, uniform flooring, and screened lanai with spa/hot tub.
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
$12,729
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
4.56%
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%
$254,580
$254.6K
Cap Rate 7%
$181,843
$181.8K
Cap Rate 9%
$141,433
$141.4K
Market Conditions
NOI Build-Up for 1,384 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
$24.9K $18.00/SF
− Vacancy
−$1.8K −$1.28/SF
EGI
$23.1K $16.72/SF
− OpEx
−$10.4K −$7.52/SF
NOI
$12.7K $9.20/SF
Area
Pasco County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$254,580
Cap Rate 7%
$181,843
Cap Rate 9%
$141,433
Alternative Uses
Best Use
Apartment 5plus
$181.8K
$159.1K – $212.2K
NOI $12,729 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.3K
$275.9K – $367.8K
NOI $22,069 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33576, FL
4,879
Population
3,067
Households
1.6
Avg Household Size
64
Median Age
33%
College-Educated
95%
High-School Grad
20.7 sq mi
ZIP Area
236
Density / Sq Mi
$77,950
Median Household Income
$46,624
Median Earnings
$1,199
Median Rent
$330,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Move-in ready villa in active 55+ Tampa Bay community.
Where is this senior housing / retirement home located?
The property is located at 29417 CADDYSHACK LANE San Antonio, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Guard‑gated, active 55+ resort‑style golf & country club community with extensive amenities.; Move‑in ready, maintenance‑free villa with a new roof, appliances, and water heater (all 2023).; Open concept 3‑bedroom split plan with vaulted ceilings, uniform flooring, and screened lanai with spa/hot tub.
