First-Floor End Unit
7979 LIMESTONE LANE 14-101 Sarasota, FL 34233
7979 LIMESTONE LANE 14-101, Sarasota, FL, 34233
$328,500
For Sale
$328,500
Move-in ready, 3-bedroom Sarasota condo with attached garage.
Property Size1,252 SF
Price / SF$262.38
Days on Market489
Property Features for 7979 LIMESTONE LANE 14-101
General Information
- Standard status
- Active
- Size
- 1,252 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2007
Listing Agency
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 587-4202
Listed by
Jessika Arman · License #0670706
(941) 587-4202
Source
Exitrealty
Added: Mar 18, 2025 Checked: Jul 17 at 3:42 am
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 PREMIER SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This first-floor, end-unit townhome features an open-floor plan with three bedrooms and two full baths. The unit includes a one-car attached garage and is tiled throughout. The kitchen has upgraded cabinets with a glass corner display cabinet and pullouts in the pantry and one of the base cabinet drawers. Crown molding accents the living/dining area and owner's suite. One of the bedrooms is currently used as an office/den. The owner's suite includes an en-suite bathroom with a spa-like walk-in shower. A covered and screened-in porch offers a large, lockable storage closet and overlooks the pebbled back garden with palm trees. The property is located in a gated, pet-friendly, maintenance-free community with access to a resort-style pool and playground. Lawn and garden areas are maintained by the association. The community is close to I-75, airports, shopping, dining, a Sarasota Memorial Hospital branch, the YMCA, Legacy Trail, and beaches. The property is located in an A-rated school district. A brand new Rheem AC system was installed on 08/16/2025.
Key Highlights
- Rare first‑floor, end unit, one‑story model with attached garage - the only one of its kind currently available.
- New AC system installed 08/16/2025 and recent price reduction.
- Low monthly condo fees cover lawn care, resort‑style pool, and playground.
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 | $29.1k | $23.28 |
| − Vacancy | −$1.6k | −$1.28 |
| EGI | $27.5k | $22.00 |
| − OpEx | −$12.4k | −$9.90 |
| NOI | $15.1k | $12.10 |
1,252 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$216.4K
$189.4K – $252.5K
NOI $15,149 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.2K
$322.2K – $429.5K
NOI $25,772 @ 7.0% cap · market cap 7.85%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Move-in ready, 3-bedroom Sarasota condo with attached garage.
Where is this residential income property located?
The property is located at 7979 LIMESTONE LANE 14-101 Sarasota, FL.
What is the asking price?
The asking price for this property is $328,500.
What are key features of this property?
This property features: Rare first‑floor, end unit, one‑story model with attached garage - the only one of its kind currently available.; New AC system installed 08/16/2025 and recent price reduction.; Low monthly condo fees cover lawn care, resort‑style pool, and playground.
