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$820,000

For Sale - Active
515 Sawgrass Bridge Rd, Venice, FL 34292
3 Beds
3 Baths
2,567 Square Feet
0.22 Acres Lot
Built in 2013
For Sale - Active
1 Units
Checked: 2 days ago
Updated: Jul 20, 2025 at 05:59AM

Investment Summary


Monthly Cash Flow
-$1,800
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Property Description


0.22 Acres Lot
Built in 2013
For Sale - Active
1 Units

INCREDIBLE VALUE – TAKE ADVANTAGE OF A BUYER’S MARKET! Now priced at $820,000, this beautifully upgraded pool home in the gated community of Sawgrass offers nearly $25,000 in premium improvements. Purchased at $875,000, this property now delivers unmatched value and quality in one of Venice’s most sought-after neighborhoods. Situated on a 120’ deep private lot with scenic golf course and lake views, the home showcases an expansive 60’ wide screened lanai with Pebble Tec pool, sun shelf, jets, and multiple seating areas perfect for relaxing and entertaining. Inside, this 3-bedroom + den, 3-bath residence spans 2,567 square feet and features a desirable split-bedroom open floor plan. The great room, formal dining, kitchen, and breakfast nook blend seamlessly together and open to the lanai through large sliders, offering a true indoor-outdoor lifestyle. The owner’s suite is privately positioned and includes dual custom walk-in closets, separate vanities, a Roman shower, and a soaking tub. The guest wing offers two spacious bedrooms and bathrooms for comfort and privacy. The den and pool bath are conveniently located for work or guests. Interior upgrades include large-format neutral subway tile flooring throughout main areas, 42” wood cabinetry, granite countertops, and high tray ceilings. The 625 SqFt 3-car garage is finished with epoxy floors and features custom built-in storage. Additional highlights: Newer HVAC and water heater (2021) Paver driveway, walkway, and lanai Low HOA fees and NO CDD Sawgrass amenities include a clubhouse with social activities, fitness center, heated community pool, and tennis/pickleball courts. The Waterford Golf Club winds through the community, and you’re just minutes from Venice Island beaches, dining, shopping, Legacy Trail, and healthcare facilities. Furniture available under separate contract. This is your opportunity to own a better-than-new home in a premier location—act quickly!

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener
  • Details: Driveway, Garage Door Opener, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Sunstate Property Management/ Brian Rivenbark
  • HOA Fee: $2,063/annually

Land Information

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

Lot Information

  • Parcel ID: 0402080022
  • Lot Size: 9600 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida
  • Year Built: 2013

Tax Information

  • Annual Tax: $9,705

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Sandi Tresh
RE/MAX PALM REALTY OF VENICE
(941) 586-1218

Source:
Stellar MLS
MLS#: N6138786
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,800
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$820,000
Amount financed:
-$656,000
Down payment:
$164,000
Closing costs:
$24,600
Rehab costs:
$0
Initial cash invested:
$188,600
Square feet:
2,567
Cost per square foot:
$319
Monthly rent per square foot:
$1.91

Financing Details

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Loan amount:
$656,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,200
Property tax:
$809
Insurance:
$343
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,352

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,900 $58,800
Vacancy loss: (6%)
6% -$294 -$3,528
Operating income:
$4,606 $55,272

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$809-$9,706
Insurance: (7%)
7%-$343-$4,116
Property management: (8%)
8%-$392-$4,704
Repairs & maintenance: (5%)
5%-$245-$2,940
Capital expenditures: (5%)
5%-$245-$2,940
HOA fees: (4%)
4%-$172-$2,064
Total operating expenses: (45%)
45%-$2,206-$26,470

Cash Flow


Monthly Yearly
Net operating income:
$2,400 $28,800
Mortgage payments:
-$4,200 -$50,400
Cash flow:
$1,800 $21,600