Updated Condo with Golf
For Sale
$269,000
4202 CADDIE E DRIVE 102, Bradenton, FL 34203
Updated 2-bedroom condo with golf course views and modern amenities.
Property Size1,193 SF
Price / SF$225.48
Days on Market572
Property Features for 4202 CADDIE E DRIVE 102
General Information
Standard status
Active
Size
1,193 SF
Property subtype
Condo/Townhome
Building Details
Year Built
1995
Listing Agency:
BRIGHT REALTY
(941) 544-0296
Listed By:
Kelly Welch · License #3280426
(941) 544-0296
Source:
Exitrealty
Added: Jan 10, 2025
Changed: Jul 6
Last Checked: Aug 5 at 6:41AM
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 BRIGHT REALTY
Investment Insights
Based on property information with market context.
This updated 2-bedroom, 2-bathroom condo is located in Fairway Trace at Peridia Golf and Country Club. The first-floor unit features hurricane impact windows and a slider, a recently replaced air conditioner, hot water heater, washer, and dryer. The condo has modern finishes and high ceilings, with golf course views. The split floor plan provides space for entertaining or hosting guests, and an in-unit washer and dryer. A private garage with additional storage is included. Fairway Trace residents have access to a pool and cabana area. Peridia Golf and Country Club amenities include pickleball, tennis, a heated pool, bocce ball, an executive 18-hole golf course, a pro shop, and an on-site restaurant and bar. Social activities are available. The property is located minutes from the University Town Center, Anna Maria Island beaches, Sarasota Airport, I-75, and Riverwalk. The property is suitable as a vacation getaway or full-time residence. The unit size is 1193 square feet.
Key Highlights
- Hurricane impact windows and slider for enhanced safety and energy efficiency.
- Move‑in ready condition with recent updates: air conditioner, hot water heater, washer, and dryer.
- First‑floor location with high ceilings and stunning golf course views.
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 | $27.8k | $23.28 |
| − Vacancy | −$1.5k | −$1.28 |
| EGI | $26.2k | $22.00 |
| − OpEx | −$11.8k | −$9.90 |
| NOI | $14.4k | $12.10 |
1,193 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.8K
$307.0K – $409.3K
NOI $24,558 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated 2-bedroom condo with golf course views and modern amenities.
Where is this residential income property located?
The property is located at 4202 CADDIE E DRIVE 102 Bradenton, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Hurricane impact windows and slider for enhanced safety and energy efficiency.; Move‑in ready condition with recent updates: air conditioner, hot water heater, washer, and dryer.; First‑floor location with high ceilings and stunning golf course views.
