OFF_MARKETRisky Deal3 days on market

756 N Manasota Key Rd

756 N Manasota Key Rd, Englewood, FL 34223, Englewood, FL 34223
$4,990,000
Zestimate®:$2,057,500

Listing Price

Property image 1
756 N Manasota Key Rd, Englewood, FL 34223
Loc: Englewood, FL
Days Listed
3
Tax Assessed
$2675k
Zestimate®
$2058k
Market Rate
Lot Size
1.07 acres
Rent Estimate
$18,893/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Englewood Elementary School

PK-5
1.7 mi away
9

Sky Academy Englewood

6-8
3.2 mi away
8

STATE COLLEGE OF FLA COLLEGIATE SCHOOL-VENICE-0122

9-12
6.9 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Risky
Confidence Score: 3.5/10
Exercise caution due to potential market volatility.
Cap Rate
3.42%
Total ROI
6.8%
Cash Flow
$-11,003/mo
DSCR
0.56
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Data provided by Haven AI. Disclaimer

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Haven AI

This luxury asset on Manasota Key presents a significant financial burden from a conservative investment standpoint. While the property offers high-end specs and a prime coastal location, the monthly cash flow deficit of -$11,003 is prohibitive. A 3.42% gross rental yield is exceptionally low for the Florida market, failing to cover debt service, maintenance, and escalating insurance premiums. Relying on a 4% appreciation rate in a climate-vulnerable zone with high interest rates is speculative. The massive negative carry transforms this from an income-producing investment into a high-maintenance lifestyle asset, posing a substantial risk to capital preservation and liquidity.

Strengths
  • Prestigious barrier island location with high demand for luxury rentals
  • Substantial square footage and bed count supporting high-end vacation occupancy
  • Consistent historical appreciation trends in the Englewood coastal region
Considerations
  • Severe negative monthly cash flow exceeding $11,000
  • Rental yield is significantly below current risk-free rates and financing costs
  • High vulnerability to hurricane-related property damage and surging flood insurance premiums
  • Limited pool of buyers at the $5M price point reduces exit strategy flexibility
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-16Listed for sale$4,990,000$1,237
1998-09-11Sold$1,150,000$285
1996-10-14Sold$985,000$244

Tax History

YearProperty TaxTax Assessment
2025$23,108.16$1,976,631
2024$22,444.85$1,920,924
2023$21,892.1$1,864,975
2022$21,487.25$1,810,655
2021$21,575.02$1,757,917
2020$21,736.7$1,733,646
2019$20,832.87$1,670,524
2018$20,832.87$1,639,376
2017$20,463.43$1,605,657
2016$20,740.11$2,172,700
2015$20,354.92$1,561,700
2014$22,446.22$1,657,710
2013$22,452.04$1,657,710
2012$21,844.2$1,630,000
2011$21,671.9$1,645,300
2010$22,304.7$1,644,900
2009$20,856.5$1,657,012
2008$20,856.5$1,655,357
2007$20,503.4$1,607,143
2006$0$1,567,944
2005$0$1,522,276
2004$21,738.9$1,477,938
2003$22,017.8$1,450,086
2002$21,140.7$1,416,100
2001$15,026.6$1,039,200
2000$12,606.5$863,900
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
4
Sq Ft
4,033
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $4,990,000Rent Basis: Observed Comp Model ($18,893/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $2,495/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.37%

NOI: $118,416/yr

Cash-on-Cash Yield
-16.8%

On $1,147,700 invested

DSCR Ratio
0.38x

Negative debt coverage

5-Yr Leveraged ROI
+10.4%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$2,185/mo
Homeowner / Hazard Insurance-$2,495/mo
Vacancy Reserve (5% of rent)-$945/mo
Repairs & Maintenance (10% of rent)-$1,889/mo
Property Management (8% of rent)-$1,511/mo
Total Pure Operating Expenses-$9,025/mo
Net Investor Cash Flow
Gross Scheduled Rent+$18,893/mo
Less: Operating Expenses-$9,025/mo
Net Operating Income (NOI)+$9,868/mo
Less: Debt Service (30yr @ 6.75%)-$25,892/mo
Net Cash Flow
$-16,024/mo
$-192,288/year
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