Seller's Agent in 2025
Marco Guadagnini
PREFERRED SHORE LLC
(941) 300-1441
5 in this area
113 Total Sales
5554 New Covington Dr Sarasota, FL 34233
4
Beds
3
Baths
2,629
Sq Ft
9,200
Sq Ft Lot
Highlights
- Water Views
- Screened Pool
- Custom Home
- Ashton Elementary School Rated A
- Solar Power System
- Open Floorplan
About This Home
As of July 2025JUST REDUCED – NOW $750,000! This beautifully upgraded 4-bedroom, 3-bathroom Sarasota home offers the perfect combination of luxury, energy efficiency, and location—just 5 miles from Siesta Key Beach and located in an A-RATED SCHOOL DISTRICT with NO FLOOD ZONE and NO HURRICANE EVACUATION ZONE. The CHEF-DESIGNED KITCHEN features VIKING APPLIANCES, Cambria quartz countertops, and a Kohler cast-iron farmhouse sink. The FULLY OWNED SOLAR SYSTEM provides significant energy savings, while IMPACT-RATED WINDOWS AND FRONT DOOR offer storm protection and lower insurance costs. Enjoy a HEATED POOL AND SPA in a private, fully fenced backyard, along with a spacious 3-CAR GARAGE, a NEWER ROOF (2018), and elegant Riva of Spain WOOD-LOOK PORCELAIN TILE FLOORS throughout. This home sits on a quiet corner lot in a family-friendly neighborhood with easy access to I-75, Clark Road, UTC, and world-famous beaches. Sellers are targeting a MAY CLOSING. Don’t miss this rare opportunity to own a truly MOVE-IN-READY home packed with premium upgrades at a competitive price. Schedule your showing today!
Last Agent to Sell the Property
PREFERRED SHORE LLC Brokerage Phone: 941-999-1179 License #3356935 Listed on: 01/06/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,166
Year Built
- Built in 2000
Lot Details
- 9,200 Sq Ft Lot
- Cul-De-Sac
- Street terminates at a dead end
- North Facing Home
- Dog Run
- Vinyl Fence
- Mature Landscaping
- Corner Lot
- Oversized Lot
- Level Lot
- Property is zoned RSF4
HOA Fees
- $50 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Workshop in Garage
- Ground Level Parking
- Garage Door Opener
- Driveway
Property Views
- Water
- Garden
Home Design
- Custom Home
- Slab Foundation
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 2,629 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Crown Molding
- High Ceiling
- Ceiling Fan
- Electric Fireplace
- Blinds
- Sliding Doors
- Family Room Off Kitchen
- Living Room with Fireplace
- Formal Dining Room
- Bonus Room
- Inside Utility
- Attic
Kitchen
- Eat-In Kitchen
- Range with Range Hood
- Microwave
- Dishwasher
- Solid Surface Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- En-Suite Bathroom
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Hurricane or Storm Shutters
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Windows
- Solar Power System
Pool
- Screened Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Gunite Pool
- Fence Around Pool
- Pool Deck
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Ashton Elementary School
- Sarasota Middle School
- Riverview High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Thermostat
- Propane
- High-Efficiency Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- Association fees include common area taxes, escrow reserves fund
- Gulf Coast Community Management Association, Phone Number (941) 870-5600
- Visit Association Website
- Covington Place Community
- Covington Place Subdivision
- The community has rules related to deed restrictions
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 24
- Assessor Parcel Number 0094060031
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2025
Closed on
Jul 7, 2025
Sold by
Faherty Sarah J and Faherty Michael
Bought by
Marsters Brandon William and Marsters Kimberly Jo
Seller's Agent
Marco Guadagnini
PREFERRED SHORE LLC
Buyer's Agent
Tyson Quire
KELLER WILLIAMS ON THE WATER S
List Price
$849,000
Sold Price
$725,000
Premium/Discount to List
-$124,000
-14.61%
Views
116
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$688,750
Outstanding Balance
$688,750
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$42,207
Purchase Details
Listed on
Apr 6, 2021
Closed on
Jun 3, 2021
Sold by
Rappaport Gregg M and Rappaport Karen A
Bought by
Faherty Sarah J
Seller's Agent
Gregg Rappaport
PARADISE REALTY OF SARASOTA
Buyer's Agent
Marco Guadagnini
PREFERRED SHORE LLC
List Price
$499,900
Sold Price
$515,000
Premium/Discount to List
$15,100
3.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$515,000
Interest Rate
2.9%
Mortgage Type
VA
Purchase Details
Closed on
Nov 15, 2000
Sold by
Morison Homes Inc
Bought by
Rappaport Gregg M and Rappaport Karen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.83%
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 Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $725,000 | None Listed On Document | |
| Warranty Deed | $515,000 | Barnes Walker Title Inc | |
| Warranty Deed | $186,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $688,750 | New Conventional | |
| Previous Owner | $639,000 | VA | |
| Previous Owner | $515,000 | VA | |
| Previous Owner | $170,000 | Credit Line Revolving | |
| Previous Owner | $236,000 | New Conventional | |
| Previous Owner | $85,000 | Credit Line Revolving | |
| Previous Owner | $50,000 | New Conventional | |
| Previous Owner | $145,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Sold | $725,000 | -3.3% | $276 / Sq Ft |
| 04/22/2025 04/22/25 | Pending | -- | -- | -- |
| 04/11/2025 04/11/25 | Price Changed | $750,000 | -3.2% | $285 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $775,000 | -3.0% | $295 / Sq Ft |
| 03/10/2025 03/10/25 | Price Changed | $799,000 | -5.9% | $304 / Sq Ft |
| 01/06/2025 01/06/25 | For Sale | $849,000 | +64.9% | $323 / Sq Ft |
| 06/07/2021 06/07/21 | Sold | $515,000 | +3.0% | $196 / Sq Ft |
| 04/15/2021 04/15/21 | Pending | -- | -- | -- |
| 04/15/2021 04/15/21 | For Sale | $499,900 | 0.0% | $190 / Sq Ft |
| 04/08/2021 04/08/21 | Pending | -- | -- | -- |
| 04/07/2021 04/07/21 | For Sale | $499,900 | 0.0% | $190 / Sq Ft |
| 04/06/2021 04/06/21 | Pending | -- | -- | -- |
| 04/04/2021 04/04/21 | For Sale | $499,900 | -- | $190 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $6,814 | $598,030 | -- | -- |
| 2023 | $6,814 | $571,000 | $115,300 | $455,700 |
| 2022 | $7,042 | $548,400 | $142,800 | $405,600 |
| 2021 | $3,523 | $281,811 | $0 | $0 |
| 2020 | $3,525 | $277,920 | $0 | $0 |
| 2019 | $3,400 | $271,672 | $0 | $0 |
| 2018 | $3,008 | $241,828 | $0 | $0 |
| 2017 | $2,993 | $236,854 | $0 | $0 |
| 2016 | $2,970 | $296,500 | $70,000 | $226,500 |
| 2015 | $3,020 | $284,500 | $54,300 | $230,200 |
| 2014 | $3,007 | $225,164 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Marco Guadagnini
-
Tyson Quire
T
Buyer's Agent in 2025
Tyson Quire
KELLER WILLIAMS ON THE WATER S
(941) 650-1572
8 in this area
142 Total Sales
-
Mark Quire
Buyer Co-Listing Agent in 2025
Mark Quire
KELLER WILLIAMS ON THE WATER S
(941) 803-7522
12 in this area
275 Total Sales
-
Gregg Rappaport
G
Seller's Agent in 2021
Gregg Rappaport
PARADISE REALTY OF SARASOTA
(941) 232-3328
1 in this area
31 Total Sales
Map
Source: Stellar MLS
MLS Number: A4634436
APN: 0094-06-0031
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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