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$1,450,000

Sale Pending
813 Tailwind Pl, Sarasota, FL 34240
3 Beds
3 Baths
3,120 Square Feet
0.23 Acres Lot
Built in 2020
Sale Pending
1 Units
Checked: 17 hours ago
Updated: Jul 16, 2025 at 07:48AM

Investment Summary


Monthly Cash Flow
-$3,685
Cap Rate
3.1%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.8%

Property Description


0.23 Acres Lot
Built in 2020
Sale Pending
1 Units

Under contract-accepting backup offers. Experience modern coastal living in this bright and open Outrigger model with BONUS ROOM ADDITION! This better than new 3,120-square-foot home is on a generous park-like preserve lot, offering unparalleled privacy with NO NEIGHBORS ON ONE SIDE! Enhanced with extended landscaping, this tranquil retreat attracts abundant wildlife, ideal for nature enthusiasts. This is 3 bedroom, den, and a bonus room with 3 full bathrooms looks and feels like a brand new home. Recently newly REMOVED WALLPAPER AND FRESHLY PAINTED ready for immediate move-in neutral condition! Featuring over $250,000 in POST CLOSING UPDATES including a large ROOM ADDITION ideal for a versatile bonus space or a 4th bedroom. The outdoor area is an oasis, boasting a resort-style experience with spacious covered lanai, automatic REMOTE CONTROLLED AWNING, and a fully equipped OUTDOOR KITCHEN with GRILL, GRIDDLE, BEVERAGE REFRIGERATOR, SINK, DOUBLE VENTED HOOD, and LARGE EATING BAR ISLAND SPACE. Enjoy the SALTWATER POOL, SPA AND SUN SHELF surrounded by lush greenery and stunning natural views, offering breathtaking sunsets. Inside, the open floor plan exudes casual elegance with tiled flooring throughout the main areas. The formal dining room dazzles with an oversized illuminated mirror, seamlessly flowing into the expansive great room featuring custom BUILT-INS GLASS SHELVES, and sliding glass doors merging indoor and outdoor living. The gourmet kitchen is a chef’s delight with wood cabinetry offering pullouts, a LARGE ISLAND with pendant lighting, NATURAL GAS COOKTOP, built-in ovens, Advantium microwave and a WALK-IN PANTRY WITH CUSTOM PULL-OUT SHELVING AND ORGANIZERS. The adjacent casual dinette overlooks the pool and serene surroundings. A private DEN/HOME OFFICE with stylish barn doors adds versatility. The owner’s suite is a serene retreat with a spacious walk-in closet fitted witH CUSTOM CALIFORNIA CLOSETS with organizers, and a spa-like bath featuring split quartz vanities and a luxurious walk-in shower. Your overnight guests will appreciate the two additional guest bedrooms, each featuring a walk-in closet and convenient access to a full bath. Additional features include LED-LIGHTED TRAY CEILINGS, IMPACT GLASS WINDOWS AND DOORS, REVERSE OSMOSIS SYSTEM under the kitchen sink for drinking and cooking water. WHOLE HOUSE CARBON SYSTEM WITH WATER SOFTENER installed by Aqua Systems, Ultra violet WHOLE HOUSE AIR PURIFIER, all three bedrooms are equipped with WALK-IN CLOSETS FEATURING CUSTOM BUILT-INS designs by California Closets, a spacious laundry room, three-car garage, WHOLE HOUSE SURGE PROTECTOR, treatments and blinds with AUTOMATIC MOTORIZED BLINDS, BUILT-IN SURROUND SPEAKERS and more. Don’t miss this opportunity to own a unique sanctuary blending luxury, privacy and natural beauty. Just minutes from the lavish amenity center offering a resort-style pool, spa, fire pits, pickleball courts and a modern fitness facility. Lakehouse Cove is a waterfront community with seven lakes, nature preserves and scenic trails, ideal for outdoor activities. Enjoy shopping, dining, and water taxi rides from the Lakehouse Cove boat house to Waterside Place marina. Experience maintenance-free coastal living in the esteemed community of Lakehouse Cove at Waterside, with low HOA fees, in Lakewood Ranch. Don't wait to make this exceptional home yours!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Driveway, Garage Door Opener, Garage, 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: 13
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: RealManage - Melissa Cramer
  • HOA Fee: $1,145/quarterly

Land Information

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

Lot Information

  • Parcel ID: 0197110061
  • Lot Size: 9983 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Coastal, Custom
  • Year Built: 2020

Tax Information

  • Annual Tax: $10,115

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Central Air

Location

  • County: Sarasota

Listing Details


Listed by:
Charles Totonis
PREMIER SOTHEBYS INTL REALTY
(941) 524-8299

Source:
Stellar MLS
MLS#: A4642945
Stellar MLS

Investment Summary


Monthly Cash Flow
-$3,685
Cap Rate
3.1%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$1,450,000
Amount financed:
-$1,160,000
Down payment:
$290,000
Closing costs:
$43,500
Rehab costs:
$0
Initial cash invested:
$333,500
Square feet:
3,120
Cost per square foot:
$465
Monthly rent per square foot:
$2.31

Financing Details

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Loan amount:
$1,160,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$7,428
Property tax:
$843
Insurance:
$504
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,775

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,200 $86,400
Vacancy loss: (6%)
6% -$432 -$5,184
Operating income:
$6,768 $81,216

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$843-$10,115
Insurance: (7%)
7%-$504-$6,048
Property management: (8%)
8%-$576-$6,912
Repairs & maintenance: (5%)
5%-$360-$4,320
Capital expenditures: (5%)
5%-$360-$4,320
HOA fees: (5%)
5%-$382-$4,584
Total operating expenses: (42%)
42%-$3,025-$36,299

Cash Flow


Monthly Yearly
Net operating income:
$3,743 $44,916
Mortgage payments:
-$7,428 -$89,136
Cash flow:
$3,685 $44,220