$330,000
SOLD MAR 18, 2025

5125 Palm Aire Dr Sarasota, FL 34243

3 Beds
2 Baths
2,580 Sq Ft
0.28 Acres

Recently Sold

$128 Per Sq Ft

6% Below List Price

2 Days on Market

Highlights

  • Sun or Florida Room
  • No HOA
  • 2 Car Attached Garage
  • Great Room
  • Enclosed patio or porch
  • Eat-In Kitchen

About This Home

As of March 2025

Investment Opportunity in Palm Aire of Sarasota. Looking for a promising investment opportunity in the heart of Sarasota? Look no further! This large 3-bedroom, 2-bathroom home, built in 1983, is a hidden gem waiting for your creative touch. Located in the much-desired Palm Aire community, this property is a fantastic opportunity for investment buyers.
Nestled on the golf course in Palm Aire, this home offers a serene setting with picturesque views. With over 2,580 sq ft of living space on a 0.27-acre lot, there's plenty of room to create your dream home. Enjoy the freedom and flexibility of living in a neighborhood without HOA restrictions. The primary bath and kitchen have already been updated, setting the stage for further enhancements.
Conveniently located just minutes from Downtown Sarasota, University Town Center (UTC) Sarasota-Bradenton International Airport, and our Beautiful beaches and the Palm Aire Country Club.
This property is ideal for someone ready to invest in its future. With your tools and creativity, you can transform this diamond in the rough into a stunning home. This home offers incredible potential, bring your vision and make this property your next successful project!

Last Agent to Sell the Property

Jon Buice

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3157966 Listed on: 03/04/2025

EXP REALTY LLC

Last Buyer's Agent

Lance Bache

FLORIDA REALTY INVESTMENTS License #3389723

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,934

Year Built

  • Built in 1983

Lot Details

  • 0.28 Acre Lot
  • West Facing Home
  • Irrigation
  • Property is zoned RSF4.5/W

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,580 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Great Room
  • Sun or Florida Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Flooring

  • Laminate
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Desoto Lakes Cntry Clb Clny Community
  • Desoto Lakes Country Club Colony 4 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,934

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2580
  • Lot Size Acres: 0.28
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 3392
  • Lot Size Sq Ft: 12023
  • Directions to Property: From University Parkway head North on Whitfield, to left on Palm Aire Drive to the address. Home will be on the right.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Sarasota
  • Escrow Postal Code: 34237
  • Escrow State: FL
  • Escrow Street Name: Main Street suite 500
  • Escrow Street Number: 2300
  • List Office Head Office Key Nume: 1041803
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 127.91
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 888-883-8509
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eat-in Kitchen, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5125
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 239.69
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Asphalt
  • Disclosures: None
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RSF4.5/W
  • Parcel Number: 1956203507
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 1117

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Must comply with Sarasota lease restrictions

Tax Info

  • Tax Annual Amount: 2934.12
  • Tax Book Number: 17-67
  • Tax Lot: 69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2025
Closed on
Mar 18, 2025
Sold by
Pat A Oconnor Revocable Trust and Pettibone Greg
Bought by
Bache Investments Llc
Seller's Agent
Jon Buice
EXP REALTY LLC
Buyer's Agent
Lance Bache
FLORIDA REALTY INVESTMENTS
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
254.86%
Original Mortgage
$428,200
Outstanding Balance
$428,200
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$48,263

Purchase Details

Closed on
Dec 30, 2015
Sold by
Connor Pat Anne O and Bohlinger Patricia Anne
Bought by
Connor Pat A O and Pat A Oconnor Revocable Trust

Purchase Details

Closed on
Aug 9, 1999
Sold by
Popp Roger and Popp Gay R
Bought by
Bohlinger Patricia Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.7%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $330,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $428,200 New Conventional
Previous Owner $77,500 Credit Line Revolving
Previous Owner $130,000 New Conventional
Previous Owner $132,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2025 06/28/25 Pending -- -- --
06/20/2025 06/20/25 Price Changed $525,000 -4.5% $203 / Sq Ft
06/04/2025 06/04/25 Price Changed $550,000 -4.3% $213 / Sq Ft
05/23/2025 05/23/25 For Sale $575,000 +74.2% $223 / Sq Ft
03/18/2025 03/18/25 Sold $330,000 -5.7% $128 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
03/04/2025 03/04/25 For Sale $350,000 -- $136 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $2,934 $210,313 -- --
2023 $2,870 $204,187 $0 $0
2022 $2,778 $198,240 $0 $0
2021 $2,642 $192,466 $0 $0
2020 $2,712 $189,809 $0 $0
2019 $2,656 $185,542 $0 $0
2018 $2,617 $182,082 $0 $0
2017 $2,431 $178,337 $0 $0
2016 $2,414 $174,669 $0 $0
2015 $2,422 $173,455 $0 $0
2014 $2,422 $172,078 $0 $0
2013 $2,386 $169,535 $40,850 $128,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4643019

Stellar MLS

APN: 19562-0350-7