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Updated Condo Near Main Street

7702 LAKE VISTA COURT 306 Lakewood Ranch, FL 34202

7702 LAKE VISTA COURT 306, Lakewood Ranch, FL, 34202
$375,000
For Sale
Claim this Listing
$375,000

Updated 2-bedroom condo near Lakewood Ranch Main Street.

Property Size1,762 SF
Price / SF$212.83
AddedDec 30, 2024
Days on Market563
Last RefreshJul 15 at 11:56 am

Property Features for 7702 LAKE VISTA COURT 306

General Information

Standard status
Active
Size
1,762 SF
Property subtype
Condo/Townhome

Building Details

Year Built
2007

Listing office COMPASS FLORIDA LLC

Listing date Dec 30, 2024

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 COMPASS FLORIDA LLC


Investment Insights

Based on property information with market context.

Located approximately a half mile from Lakewood Ranch Main Street, this updated 2-bedroom condo offers convenient access to dining, shopping, and entertainment. The condo features peaceful and private water views, a spacious floor plan, and thoughtful updates. Driftwood-colored luxury vinyl flooring flows throughout the home, complemented by a neutral color palette and designer accents including crown molding, tray ceilings, updated light fixtures, fans, and window treatments. The entrance bonus room is suitable for an office or dining area and leads to the well-designed kitchen, which includes stainless and black appliances, ample cabinet space, a pantry, and stone counters on three sides. The kitchen opens to the combined dining and living room with large sliders to the balcony. The primary suite offers water and preserve views, a tray ceiling, a walk-in closet, and balcony access. The en suite bathroom features dual sinks, a soaking tub, and a walk-in shower. The second bedroom and full bathroom are positioned towards the front of the condo. The screened-in balcony provides views of the water and preserve. Updates include new flooring in 2022, a new HVAC in 2023, and a new hot water tank in 2023. The condo roof was completed in 2022, and the exterior of the building was recently repainted. Impact windows and doors are installed. Lake Vista Residences is a gated, pet-friendly community with a clubhouse, pool and spa, fitness center, and landscaped grounds. The condo includes one parking space and one storage unit in the private parking garage. Guest parking is available. Waterside Place, the UTC Mall, Nathan Benderson Park, the Polo Club, medical centers, and Gulf beaches are a short drive away. The sliding door to the balcony is off the living room. The property size is 1762 square feet.

Key Highlights

  • Prime Location: Walk or bike to Lakewood Ranch Main Street's dining, shopping, and entertainment.
  • Updated and Move‑In Ready: Featuring new flooring (2022), HVAC (2023), and hot water tank (2023), plus a recently updated roof (2022) and exterior paint.
  • Water and Preserve Views: Enjoy peaceful and private views from the screened‑in balcony and primary suite.

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 $32.6k $18.48
− Vacancy −$3.4k −$1.92
EGI $29.2k $16.56
− OpEx −$13.1k −$7.45
NOI $16.0k $9.11
1,762 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$229.2K
$200.6K – $267.4K (±1% cap)
NOI $16,046 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.8K
$438.2K – $584.2K (±1% cap)
NOI $35,054 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Parking Lot & Garage Auto Repair Shop Auto Parts Store Daycare Center Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair Storage Facility

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

FAQs

What type of property is this?
Residential income property - Updated 2-bedroom condo near Lakewood Ranch Main Street.
Where is this residential income property located?
The property is located at 7702 LAKE VISTA COURT 306 Lakewood Ranch, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime Location: Walk or bike to Lakewood Ranch Main Street's dining, shopping, and entertainment.; Updated and Move‑In Ready: Featuring new flooring (2022), HVAC (2023), and hot water tank (2023), plus a recently updated roof (2022) and exterior paint.; Water and Preserve Views: Enjoy peaceful and private views from the screened‑in balcony and primary suite.
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