Tracy Srodes
FINE PROPERTIES
(813) 921-2109
61 Total Sales
2 in Palmer Ranch
$1.1M - $1.6M Price Range
12709 Lateral Root Dr Sarasota, FL 34238
Palmer Ranch AreaEstimated Value: $1,012,686
5
Beds
3.5
Baths
3,859
Sq Ft
$262/Sq Ft
Est. Value
Highlights
- Fitness Center
- Screened Pool
- View of Trees or Woods
- Laurel Nokomis School Rated A-
- Gated Community
- Open Floorplan
About This Home
As of May 2026Built by MI Homes, this executive-style Juniper model in gated Promenade Estates offers modern luxury, privacy, and nearly 3,900 square feet of living space. Completed in 2022, the home welcomes you with a bright foyer and a flexible fifth bedroom/office behind French doors. The chef’s kitchen features a massive waterfall-edge quartz island, GE stainless steel appliances including double ovens, soft-close cabinetry, a farmhouse sink, vent hood, beverage fridge, walk-in pantry, and a custom shiplap coffee station. It opens to a spacious living room upgraded with custom coffered ceilings, hurricane IMPACT windows and doors throughout, as well as wiring for speakers. The first-floor owner’s suite feels tucked away and private, offering tray ceilings, dual quartz vanities, a seamless glass shower with rainhead, soaking tub, and a custom-built closet system. Upstairs, a large loft provides a second living space with built-in desks, plus three additional bedrooms—one with an ensuite—and an additional full bathroom with double vanity. Pocket sliders open to a private preserve view with no rear neighbors, creating a seamless indoor/outdoor experience. The screened lanai is pre-plumbed for an outdoor kitchen and overlooks a heated pool and spa with lush tropical landscaping and an outdoor shower. Two AC units provide efficient climate control throughout the home, and the garage features additional shelving and durable epoxy flooring for added convenience.
Promenade Estates amenities include a community pool, splash pad, clubhouse, fitness center, playground, dog park, and sports courts. Located in Sarasota’s desirable Palmer Ranch, minutes from Siesta Beach, the Legacy Trail, top-rated schools, shopping, dining, and I-75.
Last Agent to Sell the Property
COLDWELL BANKER REALTY Brokerage Phone: 941-388-3966 License #3279090 Listed on: 02/26/2026
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,243
Year Built
- Built in 2022
Lot Details
- 7,488 Sq Ft Lot
- East Facing Home
- Property is zoned RSF1
HOA Fees
- $268 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Driveway
Home Design
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 3,859 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Coffered Ceiling
- Ceiling Fan
- Sliding Doors
- Family Room Off Kitchen
- Combination Dining and Living Room
- Den
- Loft
- Views of Woods
- Laundry Room
Kitchen
- Eat-In Kitchen
- Built-In Double Oven
- Cooktop with Range Hood
- Microwave
- Dishwasher
- Wine Refrigerator
- Stone Countertops
- Farmhouse Sink
Flooring
- Carpet
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
- Soaking Tub
Pool
- Screened Pool
- Heated In Ground Pool
- Spa
- Fence Around Pool
Outdoor Features
- Screened Patio
Schools
- Laurel Nokomis Elementary School
- Laurel Nokomis Middle School
- Venice Senior High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 40 / 1
- Assessor Parcel Number 0139070040
Community Details
Overview
- Association fees include common area taxes, pool, escrow reserves fund, management, recreational facilities, security
- Firstservice Residential Association
- Visit Association Website
- Promenade Estates Community
- Promenade Estates Ph I Subdivision
- Association Owns Recreation Facilities
- The community has rules related to building or community restrictions, deed restrictions
Amenities
- Clubhouse
- Community Mailbox
Recreation
- Community Playground
- Fitness Center
- Community Pool
Security
- Security Guard
- Gated Community
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2026
Closed on
May 22, 2026
Sold by
Fennimore Jarrod and Fennimore Heather
Bought by
Seller's Agent
Ashley Wallace
COLDWELL BANKER REALTY
Buyer's Agent
Stacey Bauer
LPT REALTY, LLC
List Price
$1,050,000
Sold Price
$1,025,000
Premium/Discount to List
-$25,000
-2.38%
Views
62
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,314
Avg. Annual Appreciation
-3.60%
Original Mortgage
$900,000
Outstanding Balance
$897,449
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$115,237
Purchase Details
Closed on
Aug 30, 2022
Sold by
M I Homes Of Sarasota Llc
Bought by
Fennimore Jarrod and Fennimore Heather
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,987
Interest Rate
5.54%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sarasota, FL
-
Tracy Srodes
-
Marcus Larrea
Marcus Larrea
Palm Paradise Real Estate
(239) 990-8070
22 Total Sales
1 in Palmer Ranch
$355,000 Price
-
Angel Wilkinson
Angel Wilkinson
Responds QuicklyREAL BROKER, LLC
(813) 736-2393
38 Total Sales
1 in Palmer Ranch
$430,000 Price
-
Renee Nadiv
Renee Nadiv
WILLIAM RAVEIS - FLORIDA LLC
(947) 888-5552
16 Total Sales
1 in Palmer Ranch
$530,000 Price
-
Andrea Stultz
Andrea Stultz
ENGEL + VOELKERS SARASOTA
(941) 271-7913
34 Total Sales
1 in Palmer Ranch
$1,245,000 Price
-
Niki Medlin
Niki Medlin
PREFERRED SHORE LLC
(866) 671-5022
36 Total Sales
1 in Palmer Ranch
$920,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,025,000 | Fidelity National Title Of Flo | ||
| Fennimore Jarrod | $831,410 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 | ||
| Closed | Fennimore Jarrod | $581,987 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/22/2026 05/22/26 | Sold | $1,025,000 | 0.0% | $266 / Sq Ft |
| 04/03/2026 04/03/26 | Pending | -- | -- | -- |
| 03/26/2026 03/26/26 | Price Changed | $1,025,000 | -2.4% | $266 / Sq Ft |
| 03/12/2026 03/12/26 | For Sale | $1,050,000 | 0.0% | $272 / Sq Ft |
| 03/11/2026 03/11/26 | Pending | -- | -- | -- |
| 02/26/2026 02/26/26 | For Sale | $1,050,000 | -- | $272 / Sq Ft |
Source: Stellar MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,243 | $758,200 | $135,300 | $622,900 |
| 2024 | $9,949 | $768,800 | $135,300 | $633,500 |
| 2023 | $9,949 | $825,200 | $128,200 | $697,000 |
| 2022 | $1,803 | $151,800 | $151,800 | $0 |
| 2021 | $1,242 | $100,100 | $100,100 | $0 |
| 2020 | $1,208 | $95,100 | $95,100 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ashley Wallace
Seller's Agent in 2026
Ashley Wallace
COLDWELL BANKER REALTY
(941) 302-2586
203 Total Sales
-
Stacey Bauer
Buyer's Agent in 2026
Stacey Bauer
LPT REALTY, LLC
(941) 529-1048
71 Total Sales
Map
Source: Stellar MLS
MLS Number: A4684048
APN: 0139-07-0040
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
Nearby Homes
- 5425 Cicerone St Unit 103
- 5425 Cicerone St Unit 101
- 5420 Cicerone St Unit 203
- 12664 Night View Dr
- 12760 Lateral Root Dr
- 5542 Native Henna Ct
- 5362 Cicerone St
- 12645 Promenade Estates Blvd
- 12405 Osorio Ct Unit 101
- 12571 Night View Dr
- 5310 Cicerone St
- 5409 Bartolomeo St
- 5365 Salcano St
- 12509 Night View Dr
- 5451 Lago Maggio St
- 5740 Woodland Sage Dr
- 5748 Woodland Sage Dr
- 5555 Rain Lily Ct
- 12437 Golden Sage Dr
- 12457 Golden Sage Dr
- 12705 Lateral Root Dr
- 12713 Lateral Root Dr
- 12701 Lateral Root Dr
- 12717 Lateral Root Dr
- 12712 Lateral Root Dr
- 12708 Lateral Root Dr
- 12716 Lateral Root Dr
- 12704 Lateral Root Dr
- 12720 Lateral Root Dr
- 12721 Lateral Root Dr
- 12700 Lateral Root Dr
- 12724 Lateral Root Dr
- 12655 Night View Dr
- 12651 Night View Dr
- 12659 Night View Dr
- 12647 Night View Dr
- 12728 Lateral Root Dr
- 5558 Sand Fossil Ct
- 5562 Sand Fossil Ct
- 12663 Night View Dr
Your Personal Tour Guide
Ask me questions while you tour the home.