For SaleExcellent Deal452 days on market
7500 Palm Island Dr S #2111
7500 Palm Island Dr S #2111, Placida, FL 33946, Placida, FL 33946
$299,000
Listing Price
7500 Palm Island Dr S #2111, Placida, FL 33946
Loc: Placida, FL
Days Listed
452
Tax Assessed
$356k
Lot Size
1,408 sqft
Rent Estimate
$5,699/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Vineland Elementary School
PK-5
3.6 mi away
7
L. A. Ainger Middle School
6-8
3.4 mi away
5
Lemon Bay High School
9-12
3.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Condominium1984Central, ElectricCentral AirNo Data$3,883 monthly452 Days$243
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 10/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
18.75%
Total ROI
83.4%
Cash Flow
$3,161/mo
DSCR
3.09
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $3,161/mo net cash flow with a 18.8% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (18.8%)
- • Strong rental demand in Placida
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-19 | Listed for sale | $299,000 | $243 |
| 2026-08-17 | Pending sale | $299,000 | $243 |
| 2026-03-04 | Price change | $299,000 | $243 |
| 2026-02-08 | Price change | $425,000 | $345 |
| 2025-06-28 | Listed for sale | $435,000 | $353 |
| 2024-07-11 | Listing removed | $0 | – |
| 2024-04-08 | Price change | $674,000 | $547 |
| 2024-01-16 | Listed for sale | $699,000 | $567 |
| 2024-01-06 | Listing removed | $0 | – |
| 2023-11-01 | Price change | $750,000 | $609 |
| 2023-09-25 | Listed for sale | $775,000 | $629 |
| 2023-09-18 | Listing removed | $0 | – |
| 2023-03-25 | Listed for sale | $775,000 | $629 |
| 2021-09-17 | Listing removed | $0 | – |
| 2021-04-30 | Listed for sale | $750,000 | $609 |
| 2017-12-20 | Sold | $350,000 | $284 |
| 2016-07-08 | Price change | $379,000 | $308 |
| 2015-07-02 | Listed for sale | $399,000 | $324 |
| 2011-03-22 | Sold | $362,500 | $294 |
| 1998-12-18 | Sold | $170,000 | $138 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,868.22 | $356,048 |
| 2024 | $7,914.15 | $355,425 |
| 2023 | $2,401.32 | $57,020 |
| 2022 | $7,369.45 | $345,576 |
| 2021 | $6,671.58 | $314,160 |
| 2020 | $6,632.49 | $309,971 |
| 2019 | $7,126.84 | $329,449 |
| 2018 | $6,271.84 | $299,499 |
| 2017 | $6,271.84 | $324,632 |
| 2016 | $6,340 | $285,677 |
| 2015 | $6,270.67 | $259,706 |
| 2014 | $5,463.75 | $291,465 |
| 2013 | $5,151.21 | $308,125 |
| 2012 | $5,777.86 | $327,250 |
| 2011 | $6,088.37 | $327,250 |
| 2010 | $5,818.45 | $308,125 |
| 2009 | $7,520.34 | $424,830 |
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