Furnished Condo with Lake
For Sale
$239,000
Pending
520 PINE HOLLOW CIRCLE 520, Englewood, FL 34223
Top-floor condo in Pine Hollow with lake views and modern amenities.
Property Size1,112 SF
Days on Market612
Property Features for 520 PINE HOLLOW CIRCLE 520
General Information
Standard status
Pending
Size
1,112 SF
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$2,455
Building Details
Year Built
1996
Listing Agency:
PARADISE EXCLUSIVE INC
(941) 525-8311
Listed By:
Becky Cole · License #3289228
(941) 525-8311
Source:
Exitrealty
Added: Dec 5, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:22AM
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 PARADISE EXCLUSIVE INC
Investment Insights
Based on property information with market context.
This beautifully furnished top-floor condo is located in the Pine Hollow community and offers lake views. The kitchen features luxury vinyl flooring, granite countertops, a tile backsplash, solid wood cabinets, stainless steel appliances, a closet pantry, and a pass-through window to the dining room, with an atrium window providing natural light. The living room includes cathedral ceilings, a ceiling fan, and French doors that open to a screened lanai with lake views. The dining room has a dry bar and lighting. The master suite features a walk-in closet, lanai access, and an ensuite bath with a tiled walk-in shower, dual sinks, granite counters, and tile flooring. Split bedrooms offer guest privacy, and the guest bath has a tub/shower combo. The screened lanai includes a tiled floor, ceiling fan, and hurricane shutter. The condo also has a deeded carport and a private storage closet. The Pine Hollow community is gated and includes a heated pool. HOA fees cover exterior maintenance, grounds maintenance, roof, water, and sewer. The property is near Dearborn Street, car shows, farmers markets, festivals, beaches, golf courses, dining, shopping, and fishing opportunities. The property size is 1112 square feet.
Key Highlights
- Stunning lake views from a top‑floor condo in the desirable Pine Hollow community.
- Chef's kitchen features luxury vinyl flooring, granite countertops, solid wood cabinets, and stainless steel appliances.
- Spacious master suite with walk‑in closet, lanai access, and luxurious ensuite bath featuring dual sinks and a tiled walk‑in shower.
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
$9,817
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
4.11%
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%
$196,340
$196.3K
Cap Rate 7%
$140,243
$140.2K
Cap Rate 9%
$109,078
$109.1K
Market Conditions
NOI Build-Up for 1,112 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
$22.3K $20.04/SF
− Vacancy
−$4.4K −$3.99/SF
EGI
$17.8K $16.05/SF
− OpEx
−$8.0K −$7.22/SF
NOI
$9.8K $8.83/SF
Area
Charlotte County, FL
Vacancy
19.90%
Lease Rate
$20.04 /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%
$196,340
Cap Rate 7%
$140,243
Cap Rate 9%
$109,078
Alternative Uses
Best Use
Apartment 5plus
$140.2K
$122.7K – $163.6K
NOI $9,817 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.1K
$318.6K – $424.8K
NOI $25,487 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 34223, FL
19,118
Population
14,484
Households
1.3
Avg Household Size
66
Median Age
39%
College-Educated
96%
High-School Grad
41.9 sq mi
ZIP Area
456
Density / Sq Mi
$70,155
Median Household Income
$39,486
Median Earnings
$1,288
Median Rent
$358,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condo in Pine Hollow with lake views and modern amenities.
Where is this residential income property located?
The property is located at 520 PINE HOLLOW CIRCLE 520 Englewood, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Stunning lake views from a top‑floor condo in the desirable Pine Hollow community.; Chef's kitchen features luxury vinyl flooring, granite countertops, solid wood cabinets, and stainless steel appliances.; Spacious master suite with walk‑in closet, lanai access, and luxurious ensuite bath featuring dual sinks and a tiled walk‑in shower.
