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$595,000

For Sale - Active
116 Vista Hermosa Cir Apt 204C, Sarasota, FL 34242
2 Beds
2 Baths
900 Square Feet
0.00 Acres Lot
Built in 1971
For Sale - Active
1 Units
Checked: 15 hours ago
Updated: Jun 30, 2025 at 03:20AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,405
Cap Rate
3.3%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.9%

Property Description


0.00 Acres Lot
Built in 1971
For Sale - Active
1 Units

Welcome to Vista Hermosa – a fully remodeled, 2-bedroom, 2-bathroom condo located directly across the street from the world-renowned Crescent Beach on Siesta Key. This second-floor unit (with elevator access) showcases an extensive list of high-end upgrades and thoughtful renovations that make it stand out above the rest. Step inside to find an impact-rated thermal glass door, porcelain tile in the bathrooms, fresh paint, flat ceilings, LED lighting, and luxury waterproof vinyl flooring throughout. The kitchen has been completely redesigned with solid wood, soft-close cabinetry, quartz countertops, a recessed black sink, designer switch plates, and a coordinated Samsung stainless steel appliance package. A center island with drawers offers added prep space and storage, while the commercial hood above the stove, sleek under-cabinet lighting, and modern fixtures complete the contemporary look. Both bathrooms have been remodeled with tiled showers, new vanities, updated fixtures, new Panasonic fans, and a Kohler toilet. Other improvements include new baseboards, upgraded outlets, partial new ductwork, a newer HVAC system (4–5 years old), and three impact-rated windows. The bedrooms also feature elegant crown molding, adding a refined touch to these relaxing retreats. This condo makes for an ideal Siesta Key beach home with incredible accessibility to everything you could want—shops, restaurants, and the white sand shoreline—just steps away. It’s also a fantastic investment opportunity, offering a worry-free experience with no storm damage, on-site management, and covered parking. Enjoy peace of mind, style, and a walkable coastal lifestyle in this beautifully finished condo in one of Siesta Key’s most desirable communities.

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Location


Property Details


Parking

  • Description: Assigned, Guest
  • Details: Assigned, Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Shed
  • Roof Material: Built-Up, Other
  • Pool Community: Yes

HOA

  • Association: Argus Mgmt.

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 0108163081
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Florida
  • Year Built: 1971

Tax Information

  • Annual Tax: $4,298

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Dawn Bear
WILLIAM RAVEIS REAL ESTATE
(941) 468-7224

Source:
Stellar MLS
MLS#: A4652141
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,405
Cap Rate
3.3%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.9%

Purchase Details

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Purchase price:
$595,000
Amount financed:
-$476,000
Down payment:
$119,000
Closing costs:
$17,850
Rehab costs:
$0
Initial cash invested:
$136,850
Square feet:
900
Cost per square foot:
$661
Monthly rent per square foot:
$3.22

Financing Details

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Loan amount:
$476,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,048
Property tax:
$358
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,609

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$358-$4,298
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,083-$12,998

Cash Flow


Monthly Yearly
Net operating income:
$1,643 $19,716
Mortgage payments:
-$3,048 -$36,576
Cash flow:
$1,405 $16,860