For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Seminole Condo Overlooking Golf Course Title is generated by Realmo AI

    8950 PARK BOULEVARD 505, Seminole, FL 33777

    View on Map
    Claim this Listing
    For Sale
    $145,900

    Two-bedroom, two-bath condo with golf course view.

    Type:Condo/Townhome
    Property size:
    1,125 SF
    Price / SF:
    $129/SF
    Added:
    Dec 31, 2024
    Days on Market:
    555
    Last Refresh:
    Apr 6 at 1:25 am

    Property Features for 8950 PARK BOULEVARD 505

    General Information

    Standard status
    Active
    Size
    1,125 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1971

    We can help!

    Contact an agent
    Gary Coe

    Listing office COLDWELL BANKER REALTY

    Listing date Dec 31, 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 COLDWELL BANKER REALTY

    HighLights

    • Golf course view overlooking Seminole Country Club.
    • 2 bedroom, 2 bath condo.
    • Wing unit with full windows on one side.
    • Heated community pool and rec room with workout equipment.
    • Centrally located close to shopping and restaurants.
    • Close to beaches and VA hospital.

    Overview

    This is a two-bedroom, two-bath condo located on the 5th floor, offering views of the Seminole Country Club golf course. As a wing unit, it features full windows on one side. Residents have access to a heated community pool and a recreation room equipped with workout equipment. The property is centrally located, providing convenient access to shopping, beaches, and a variety of restaurants. The unit is also available for lease and has a size of 1125 square feet.

    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 $20.3k $18.00
    − Vacancy −$1.4k −$1.28
    EGI $18.8k $16.72
    − OpEx −$8.5k −$7.52
    NOI $10.3k $9.20
    1,125 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $147.8K
    $129.3K – $172.5K (±1% cap)
    NOI $10,347 @ 7.0% cap · market cap 7.09%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $292.6K
    $256.0K – $341.4K (±1% cap)
    NOI $20,483 @ 7.0% cap · market cap 14.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Dental Office Building Supply HVAC Service Real Estate Agency Electrical Service Computer & Electronic Repair Grocery & Convenience Store Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Pinellas
    State
    Florida
    Longitude
    -82.762942
    Latitude
    27.8386517

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom, two-bath condo with golf course view.
    Where is this residential income property located?
    The property is located at 8950 PARK BOULEVARD 505 Seminole, FL.
    What is the asking price?
    The asking price for this property is $145,900.
    What are key features of this property?
    This property features: Golf course view overlooking Seminole Country Club.; 2 bedroom, 2 bath condo.; Wing unit with full windows on one side.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message