NOT LISTED FOR SALE

5230 Coral Reef Way Bradenton, FL 34211

Estimated Value: $467,000 - $592,000

4 Beds
3 Baths
2,032 Sq Ft
$267/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $550,000 $271 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,378/month

155 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Clubhouse
  • B.D. Gullett Elementary School Rated A-
  • Open Floorplan
  • Private Lot

About This Home

As of April 2024

EXCITING NEWS…PRICE IMPROVEMENT and BRAND NEW-NEVER LIVED IN! Experience this newly built contemporary 4-bedroom, 3-bathroom home. Completed in October 2023, this modern gem is situated on a pie-shaped lot with a sprawling backyard offering a screened-in lanai in the highly sought-after Lorraine Lakes at Lakewood Ranch. This smartly designed Trevi floor plan features a grand foyer with soaring volume ceilings and stylish tile plank floors throughout the main living areas and bathrooms. The open-concept design seamlessly connects the kitchen, dining area, and gathering room, while separating some of the bedrooms creating a space perfect for both entertainment and comfort. The kitchen is a food enthusiast's haven, equipped with stainless steel appliances, quartz countertops, a pull-out shelf for pots and pans, and a spacious walk-in pantry. Elegant white shaker cabinets with crown molding, a central island with pendant lighting, and a great room filled with natural light make this home exude sophistication. The spacious owner's suite is a retreat, offering a generously sized bedroom with two large walk-in closets and an en-suite bathroom with dual vanities, quartz countertops, plus an oversized walk-in shower. Two additional bedrooms share a well-appointed bathroom, while a third bedroom en-suite provides flexibility as an office, den, or guest suite. Additional benefits include smart home capabilities, window coverings, washer and dryer, rain gutters and more! Lawn maintenance assistance, cable and high-speed internet, a 25,000 square foot clubhouse with a coffee lounge, restaurant, indoor/outdoor bar, aerobic center, basketball court, arcade, and a state-of-the-art fitness center with a child's play area are included in your homeowner dues. Outdoor amenities include two pools, a splash pad, poolside bar, tennis and pickleball courts, a putting green, volleyball, bocce ball, and a playground. Don’t miss the opportunity to own a home in the #1 master-planned community for all ages, boasting 150 miles of parks and trails, planned activities, and within minutes to restaurants, world class beaches, UTC shopping district and proximity to top rated schools and more!

Last Agent to Sell the Property

Barbara A Milian, P.A.

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-907-9595 License #0631979 Listed on: 10/20/2023

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

David Jarrard

FINE PROPERTIES License #3500929

FINE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,076

Year Built

  • Built in 2023

Lot Details

  • 8,179 Sq Ft Lot
  • East Facing Home
  • Landscaped
  • Private Lot
  • Irrigation
  • Property is zoned PD-R

HOA Fees

  • $249 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,032 Sq Ft Home
  • Open Floorplan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Smart Home
  • Hurricane or Storm Shutters

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, ground maintenance, management, recreational facilities
  • $34 Other Monthly Fees
  • Icon Management Association, Phone Number (941) 777-7150
  • Visit Association Website
  • Built by Lennar
  • Lorraine Lakes Ph Iib 3 & Iic Subdivision, Trevi Floorplan
  • The community has rules related to building or community restrictions, deed restrictions, fencing, vehicle restrictions

Amenities

  • Restaurant
  • Clubhouse
  • Community Mailbox

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,076

Year Built

Built in 2023

Lot Details

0

HOA Fees

$249 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Maintenance Grounds, Management, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2032
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 2023
  • Building Area Total: 2624
  • Lot Size Sq Ft: 8179
  • Directions to Property: From I-75, Take exit 217 (SR-70), turn Left onto Lorraine Rd, then Right onto Rangeland Pkwy. Turn Left on Uihlein into the main gates of Lorraine Lakes. Then take a Left onto Silver Sky Circle, then Left onto Islandwalk and a Right onto Coral Reef Way. House will be on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 270.67
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Other Fees Amount: 408
  • Attribution Contact: 941-907-9595
  • Tax Year: 2023
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Smart Home, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 5230
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 188.78
  • Room Count: 8

Exterior Features

  • Direction Faces: East
  • Exterior Features: Hurricane Shutters, Irrigation System, Lighting, Rain Gutters, Sidewalk, Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Rear Porch, Screened
  • Road Surface Type: Paved
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • 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
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Natural Gas Connected, Sewer Available, Underground Utilities, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Gated Community - No Guard, Playground, Pool, Restaurant, Sidewalks, Special Community Restrictions, Tennis Courts
  • Association Amenities: Basketball Court, Cable TV, Clubhouse, Fence Restrictions, Fitness Center, Gated, Pickleball Court(s), Playground, Pool, Spa/Hot Tub, Tennis Court(s), Vehicle Restrictions
  • Association Fee: 746
  • Association Fee Frequency: Quarterly
  • Association Name: Icon Management
  • Phone: (941) 777-7150
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: County Leash Laws Apply - Please see HOA Docs for any additional restrictions.
  • Association Fee Requirement: Required
  • Max Pet Weight: 999
  • Association Email: lorrainelakesadmin@theiconteam.com
  • Pet Size: Extra Large (101+ Lbs.)
  • Association URL: https://icon.cincwebaxis.com/

Fee Information

  • Total Annual Fees: 3392.00
  • Total Monthly Fees: 282.67
  • Other Fees Term: Annual
  • Monthly HOA Amount: 248.67

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: 5812511559
  • Additional Parcels: No
  • Lot Features: In County, Landscaped, Private, Sidewalk, Paved
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 760

Building Info

  • Builder Name: Lennar

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Please see HOA Documents for additional information.

Tax Info

  • Tax Annual Amount: 7076
  • Tax Lot: 910
  • Tax Other Annual Assessment Amount: 1748

Multi Family

  • Approval Process: Proposed leases must be submitted to the Association 15 days prior to the start of the lease period with the required Membership transfer paperwork. Please see HOA Documents for additional information.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Apr 24, 2024
Sold by
Zito Nicholas Anthony
Bought by
Mizzi Joseph M
Seller's Agent
Barbara A Milian, P.A.
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
David Jarrard
FINE PROPERTIES
List Price
$569,000
Sold Price
$550,000
Premium/Discount to List
-$19,000
-3.34%
Views
151
Current Estimated Value
$543,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,910
Avg. Annual Appreciation
1.04%

Purchase Details

Closed on
Oct 13, 2023
Sold by
Lennar Homes Llc
Bought by
Zito Nicholas Anthony
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
Mizzi Joseph M $550,000 Clear To Close Title Services
Zito Nicholas Anthony $510,000 Lennar Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $550,000 0.0% $271 / Sq Ft
03/24/2024 03/24/24 Pending -- -- --
03/08/2024 03/08/24 Price Changed $549,900 -1.6% $271 / Sq Ft
02/24/2024 02/24/24 Price Changed $559,000 -1.1% $275 / Sq Ft
01/17/2024 01/17/24 Price Changed $565,000 -0.5% $278 / Sq Ft
12/08/2023 12/08/23 Price Changed $568,000 -0.2% $280 / Sq Ft
10/20/2023 10/20/23 For Sale $569,000 -- $280 / 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 $2,112 $432,122 $79,900 $352,222
2024 $2,112 $456,511 $61,200 $395,311
2023 $2,112 $11,977 $11,977 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4586493

Stellar MLS

APN: 5812-5115-9