NOT LISTED FOR SALE

5153 Coral Reef Way Bradenton, FL 34211

Estimated Value: $632,000 - $705,000

3 Beds
3 Baths
2,201 Sq Ft
$302/Sq Ft Est. Value

Last Sold December 14, 2023

Last sale price $754,900 $343 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $4,085/month

19 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • Gated Community
  • B.D. Gullett Elementary School Rated A-
  • Screened Pool
  • Open Floorplan

About This Home

As of December 2023

This captivating 2,201 square foot abode embodies the essence of luxurious living. With an infusion of impeccable upgrades by the current homeowners including: a water softener system, power smart blinds on lanai slider and front door, pendant lighting over kitchen island, ceiling fans in all bedrooms and lanai, wrought iron fence enclosing back and side yards of the home, garage organizers, custom closet organizers in master closets and pantry, laundry room cabinetry, board and batten accent walls, tile backsplash in kitchen, sealed driveway pavers, and upgraded Sherwin Williams paint throughout the main living area, this home radiates elegance at every turn.
This new construction masterpiece, featuring the coveted Marsala floor plan, boasts 3 bedrooms, 3 bathrooms, and a den that seamlessly transforms into a 4th bedroom, catering effortlessly to both family living and entertaining with finesse.
The heart of this home beats with an open concept, where the kitchen, dining area, and great room converge in perfect harmony. The kitchen, a haven for culinary enthusiasts, showcases stainless steel appliances, quartz countertops, and an abundance of storage, promising both functionality and style. Beyond the sliding glass doors, lies the inviting heated pool with spa overlooking the lake.
The master suite is a sanctuary, boasting a generously sized bedroom with two walk-in closets upgraded with barn doors, an indulgent en-suite bathroom replete with dual vanities, a soaking tub, and a separate shower—a true spa-like oasis. Two additional bedrooms, each thoughtfully designed, with one being en-suite, ensure every corner of this home exudes comfort and style.
Beyond the confines of this remarkable residence lies a community steeped in luxury. Lorraine Lakes, a haven of sophistication, offers residents exclusive access to a multi-million-dollar clubhouse. Dive into serenity at the resort-style pool, sculpt your body in the state-of-the-art fitness center, or engage in friendly matches on the pristine tennis courts.
Positioned in coveted Lakewood Ranch, this home provides a gateway to a world of delights. Pristine beaches, world-renowned golf courses, and a lively downtown area are all within easy reach. Siesta Key, Lido Key, and Anna Maria Island await your presence, inviting you to bask in the sun, immerse yourself in crystalline waters, and partake in an array of water sports.
For the discerning traveler or the avid explorer, convenience is paramount. Multiple airports, including the Sarasota-Bradenton International Airport, stand just a stone's throw away, ensuring seamless travel experiences. Sarasota and Bradenton's bustling downtowns, brimming with diverse shopping, dining, and entertainment options, add the finishing touch to this idyllic location.

Last Agent to Sell the Property

Christina Gaskill

COLDWELL BANKER REALTY Brokerage Phone: 941-349-4411 License #3346574 Listed on: 10/18/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Heidi Schrock

RE/MAX PALM REALTY License #3241148

RE/MAX PALM REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 2023

Lot Details

  • 8,181 Sq Ft Lot
  • Lake Front
  • North Facing Home
  • Landscaped with Trees
  • Property is zoned PD-R

HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,201 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Den
  • Lake Views
  • Hurricane or Storm Shutters
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Heated Spa
  • Fence Around Pool
  • Pool Deck
  • Child Gate Fence

Outdoor Features

  • Deck
  • Screened Patio

Schools

  • Gullett Elementary School
  • Dr Mona Jain Middle School
  • Lakewood Ranch High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Natural Gas Connected
  • Gas Water Heater
  • Water Softener
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, internet, ground maintenance, recreational facilities
  • Icon Jessilyn Quigley Association, Phone Number (941) 777-7150
  • Visit Association Website
  • Lorraine Lakes Association
  • Built by Lennar
  • Lorraine Lakes Ph I Subdivision, Marsala Floorplan
  • Lakewood Ranch Community
  • On-Site Maintenance
  • The community has rules related to deed restrictions, fencing
  • Community Lake

Amenities

  • Restaurant
  • Sauna
  • Clubhouse
  • Community Mailbox

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,017

Year Built

Built in 2023

Lot Details

0

HOA Fees

$354 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Internet, Maintenance Grounds, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2201
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 2023
  • Building Area Total: 2924
  • Lot Size Sq Ft: 8181
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Escrow State: FL
  • Minimum Lease: 1 Month
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 342.98
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Attribution Contact: 941-349-4411
  • Tax Year: 2022
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Ceiling Fans(s), High Ceilings, Primary Bedroom Main Floor, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Window Features: Blinds
  • ResoLivingAreaSource: Builder
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 204.48

Exterior Features

  • Direction Faces: North
  • Pool Features: Child Safety Fence, Deck, Heated, In Ground, Screen Enclosure
  • Exterior Features: Hurricane Shutters, Irrigation System, Sidewalk, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Screened
  • Road Surface Type: Paved
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Sprinkler Recycled, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Canal/Lake For Irrigation

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Gated Community - Guard, Irrigation-Reclaimed Water, Lake, Playground, Pool, Restaurant, Sidewalks, Tennis Courts
  • Association Amenities: Basketball Court, Clubhouse, Fence Restrictions, Fitness Center, Gated, Maintenance, Pickleball Court(s), Playground, Pool, Recreation Facilities, Sauna, Tennis Court(s)
  • Association Fee: 694
  • Association Fee Frequency: Quarterly
  • Association Name: ICON - Jessilyn Quigley
  • Phone: 941-777-7150
  • Association: Yes
  • Senior Community: No
  • Association #2 Fee: 370
  • Association #2 Fee Frequency: Quarterly
  • Association: Lorraine Lakes
  • Association 2 YN: 1
  • Association Approval Required YN: 0
  • Pet Restrictions: Refer to HOA documents
  • Association Fee Requirement: Required
  • Association Email: jquigley@iconteam.com
  • Association URL: www.lorrainelakeshoa.com

Fee Information

  • Total Annual Fees: 4256.00
  • Total Monthly Fees: 354.67
  • Monthly HOA Amount: 231.33

Schools

  • Elementary School: Gullett Elementary
  • High School: Lakewood Ranch High
  • Middle Or Junior School: Dr Mona Jain Middle

Lot Info

  • Zoning: PD-R
  • Parcel Number: 581210959
  • Additional Parcels: No
  • Lot Features: In County, Landscaped, Sidewalk, Paved
  • Flood Zone Code: X

Building Info

  • Builder Name: Lennar

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See HOA docs

Tax Info

  • Tax Annual Amount: 2016.57
  • Tax Lot: 219
  • Tax Other Annual Assessment Amount: 1716

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Dec 12, 2023
Sold by
Mcgeehan Ehren and Mcgeehan Jennifer
Bought by
Bamrick Sean Frances and Bamrick Chelsea Marie
Seller's Agent
Christina Gaskill
COLDWELL BANKER REALTY
Buyer's Agent
Heidi Schrock
RE/MAX PALM REALTY
List Price
$749,900
Sold Price
$754,900
Premium/Discount to List
$5,000
0.67%
Views
21
Current Estimated Value
$665,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,793
Avg. Annual Appreciation
-6.55%
Original Mortgage
$754,900
Outstanding Balance
$742,981
Interest Rate
7.76%
Mortgage Type
VA
Estimated Equity
-$77,874

Purchase Details

Closed on
Feb 27, 2023
Sold by
Lennar Homes Llc
Bought by
Mcgeehan Ehren and Mcgeehan Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,826
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2022
Sold by
Ag Essential Housing Multistate 2 Llc
Bought by
Lennar Homes Llc

Purchase Details

Closed on
Nov 16, 2021
Sold by
Lennar Homes Llc
Bought by
Ag Essentail Housing Multi State 2 Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bamrick Sean Frances $754,900 Mmc Law & Title
Mcgeehan Ehren $628,600 Lennar Title
Lennar Homes Llc $959,900 --
Ag Essentail Housing Multi State 2 Llc $26,078,400 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bamrick Sean Frances $754,900
Previous Owner Mcgeehan Ehren $502,826
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Sold $754,900 +0.7% $343 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $749,900 -- $341 / 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
2025 $2,921 $524,348 $85,000 $439,348
2024 $2,921 $554,417 $66,300 $488,117
2023 $2,921 $66,300 $66,300 $0
2022 $2,017 $19,970 $19,970 $0
2021 $1,928 $19,970 $19,970 $0
2020 $1,473 $19,970 $19,970 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4586063

Stellar MLS

APN: 5812-1095-9