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$2,150,000

For Sale - Active
106 N Blvd Of The Presidents, Sarasota, FL 34236
3 Beds
3 Baths
1,999 Square Feet
0.27 Acres Lot
Built in 1952
For Sale - Active
1 Units
Checked: 3 hours ago
Updated: Jun 27, 2025 at 03:01AM

Investment Summary


Monthly Cash Flow
-$7,890
Cap Rate
1.9%
Cash-on-Cash Return
-19.1%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-14.5%

Property Description


0.27 Acres Lot
Built in 1952
For Sale - Active
1 Units

One or more photo(s) has been virtually staged. Experience the best of coastal living and investment opportunity with this beautifully renovated island retreat, ideally situated in the heart of St. Armands Circle on a oversized corner lot. Whether you're looking for a permanent residence or a high-demand vacation rental, this pristine home delivers both luxury and flexibility. The sunlit, open interior features custom carpentry, detailed moldings, and stylish coastal design throughout. Recent upgrades—including a new roof, impact-rated windows and doors, a fully remodeled kitchen, updated HVAC, pool pump, and water heater—provide modern comfort and long-term efficiency. Relax by the screened-in pool, host gatherings in the spacious living areas, or enjoy al fresco dining on the private patio. Just minutes from Lido Beach, world-class dining, upscale boutiques, and the vibrant arts and culture of downtown Sarasota, this home is perfectly positioned for an elevated lifestyle or lucrative rental income. Whether you're living in it full time or offering it as a luxurious getaway, this coastal haven embodies the essence of relaxed island elegance.

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2014050061
  • Lot Size: 11603 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1952

Tax Information

  • Annual Tax: $25,393

Utilities

  • Water & Sewer: Private, Public, Well
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Sarasota

Listing Details


Listed by:
Cathy Palmer
DOUGLAS ELLIMAN
(678) 524-1104

Source:
Stellar MLS
MLS#: A4642792
Stellar MLS

Investment Summary


Monthly Cash Flow
-$7,890
Cap Rate
1.9%
Cash-on-Cash Return
-19.1%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-14.5%

Purchase Details

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Purchase price:
$2,150,000
Amount financed:
-$1,720,000
Down payment:
$430,000
Closing costs:
$64,500
Rehab costs:
$0
Initial cash invested:
$494,500
Square feet:
1,999
Cost per square foot:
$1,076
Monthly rent per square foot:
$3.95

Financing Details

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Loan amount:
$1,720,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$11,225
Property tax:
$2,116
Insurance:
$553
Private mortgage insurance (PMI):
$0
Monthly payment:
$13,894

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,900 $94,800
Vacancy loss: (6%)
6% -$474 -$5,688
Operating income:
$7,426 $89,112

Operating Expenses


% Rent Monthly Yearly
Property taxes: (27%)
27%-$2,116-$25,393
Insurance: (7%)
7%-$553-$6,636
Property management: (8%)
8%-$632-$7,584
Repairs & maintenance: (5%)
5%-$395-$4,740
Capital expenditures: (5%)
5%-$395-$4,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (52%)
52%-$4,091-$49,093

Cash Flow


Monthly Yearly
Net operating income:
$3,335 $40,020
Mortgage payments:
-$11,225 -$134,700
Cash flow:
$7,890 $94,680