502 South Bay Blvd, Anna Maria

502 South Bay Blvd is a 1,983 sq ft Single Family in Anna Maria. It was built in 1976. 502 South Bay Blvd sits on 0.12 acres of land. In 2014 similar properties sold for between $670,631 and $1,037,367. We estimate the income value of 502 South Bay Blvd at $170,471. The assumptions we used to calculate this value are include in the spreadsheet linked below. Anna Maria is in Manatee County, Florida.

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502 South Bay Blvd Property Summary

502 South Bay Blvd
Anna Maria
FL 34216

Property Size:1,983 sq ft
Year Built:1976
Property Class:B3
Lat, Long: 27.531, -82.728

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Google Street View  of 502 South Bay Blvd, Anna Maria, FL 34216
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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Estimated Value: 502 South Bay Blvd

Market Data

In 2014 class A single family properties in Anna Maria sold for $523.14 to 922.92 per sq ft with a median price per sq ft of $615.08. Class B properties sold for $338.19 to 523.13 per sq ft with a median of $411.05 and class C properties sold for $86.15 to 338.18 per sq ft with a median of $313.81.

Market Valuation

502 South Bay Blvd appears to be a B Class property. Suggested value: $815,112

Value1,037,367 815,112 670,631

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $170,471. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 502 South Bay Blvd:

  • The Household Income estimate assumes the tenant has a total household income of $341,224 and spends 34.5% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $9,810
Household Income - Renters $2,982
Market Rents $3,119
Price/Ft $1,600

Expense Estimates:

  • Census data records show 13% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 502 South Bay Blvd. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Monthly Rent3,119
Annual Rent per Sq Ft19.00
Gross Annual Rent37,422
Vacancies and Bad Debt18%
Vacancies and Bad Debt Amount6,736
HOA, Utilities and CAM0
Property Taxes12,462
Management Fees3,742
Cap Rate7
Estimated Value170,471
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $55,460. The bottom 10% of the population earn less than $18,295 per year. The top 10% earn more than $132,640 per year. The top 1% earn more than $438,985 per year. Most renters earn between $28,032 (20th percentile) and $49,500 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $110,920 and $138,650.

The tax assessed value of this property places it in percentile 98 of all properties in this area. This suggests it would appeal to someone earning around $341,224 per year who should qualify for a mortgage between $682,448 and $853,060.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $931. Most renters earn between $2,336 and $4,125 per month. They typically spend 34.5% of their monthly income on rent. Most rents fall in the $707 (20th percentile) to $1,258 (80th percentile) range. The residential vacancy rate is 13%.

This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $3,119 per month and a monthly household income of $8,643 ($103,716 per year)


  1. 502 South Bay Blvd, Anna Maria, FL on Zillow
  2. Recent Sales near 502 South Bay Blvd, Anna Maria, FL on Realtor.com
  3. 502 South Bay Blvd, Anna Maria, FL on Google Maps
  4. 502 South Bay Blvd Walkscore
  5. Anna Maria, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Skyway View, LLC (406 South Bay Blvd)
  2. Ami Retreat, LLC (509 S Bay Blvd)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.