Sarasota Studio Condo with Gulf
For Sale
$110,000
7150 N TAMIAMI Trl S521, Sarasota, FL 34243
Updated studio condo with no rental restrictions and gulf access.
Property Size348 SF
Days on Market173
Property Features for 7150 N TAMIAMI Trl S521
General Information
Standard status
Active
Size
348 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,767
Building Details
Building Size
348 SF
Year Built
1959
Stories
1
Listed By:
Angie Clark
(727) 639-2121
Source:
Elliman
Added: Apr 27
Changed: Oct 9
Last Checked: Oct 16 at 10:10AM
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 Angie Clark
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Investment Insights
Based on property information with market context.
This studio condo in Sarasota, Florida, offers direct access to the Gulf waters and has no rental restrictions. The updated unit includes a full bathroom, microwave, cooktop, and mini fridge. Owners can rent it out through Airbnb, VRBO, or the onsite program. The condos surround a marina with gulf access, allowing residents to step onto the dock and access boats or kayaks. The Ramada Hotel's resort lifestyle includes amenities such as a waterfront restaurant/tiki bar (Tarpon Bay Grill and Tiki Bar), a heated waterfront pool, beach volleyball, a fitness room, roaming security, community laundry, and other common areas. The monthly condo/HOA fees cover all utilities. The property is centrally located near Sarasota Airport, downtown Sarasota, beaches, St. Armands Circle, IMG Academy, Anna Maria, and Siesta Key Islands. The bike score is 40, indicating it is somewhat bikeable, and the walk score is 24, suggesting car dependence.
Key Highlights
- No Rental Restrictions: Ideal for Airbnb, VRBO, or onsite program rentals.
- Direct Gulf Access: Waterfront community with marina access for boating and water activities.
- All Utilities Included: Monthly condo/HOA fees cover all utilities, simplifying budgeting.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,211
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$84,220
$84.2K
Cap Rate 7%
$60,157
$60.2K
Cap Rate 9%
$46,789
$46.8K
Market Conditions
NOI Build-Up for 348 SF
Gross rent
$8.1K $23.28/SF
− Vacancy
−$446 −$1.28/SF
EGI
$7.7K $22.00/SF
− OpEx
−$3.4K −$9.90/SF
NOI
$4.2K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$84,220
Cap Rate 7%
$60,157
Cap Rate 9%
$46,789
Alternative Uses
Best Use
Apartment 5plus
$60.2K
$52.6K – $70.2K
NOI $4,211 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$102.3K
$89.6K – $119.4K
NOI $7,164 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Updated studio condo with no rental restrictions and gulf access.
Where is this short term rental property located?
The property is located at 7150 N TAMIAMI Trl S521 Sarasota, FL.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: No Rental Restrictions: Ideal for Airbnb, VRBO, or onsite program rentals.; Direct Gulf Access: Waterfront community with marina access for boating and water activities.; All Utilities Included: Monthly condo/HOA fees cover all utilities, simplifying budgeting.
