$849,900
$49K PRICE DROP

5562 Rain Lily Ct Sarasota, FL 34238

Estimated payment $5,596/month

Total Views 6,535
3 Beds
2 Baths
2,110 Sq Ft
$403 Price per Sq Ft

Highlights

  • Lake Front
  • Fitness Center
  • Gated Community
  • Laurel Nokomis School Rated A-
  • Heated In Ground Pool
  • Open Floorplan

About This Home

$50,000 Price Drop! OPPORTUNITY To Own the Popular MARTIN RAY model on One of the BEST EXTRA WIDE WATER FRONT Lots LOADED with Upgrades in Hammock Preserve! This Gorgeous Home Features: 3 Bedrooms, 2 Baths, Den w/Crown Molding, Tile Flooring and Double Privacy Doors; Beautiful Master Suite w/Long Lake Views, Coffered Ceilings w/Crown Molding, Plantation Shutters, Huge Walk-in Closet w/Closet Built-ins, Master Bath w/Walk-in Shower and Tile Bench, Double Vanity w/Granite Stone Counters; 2 Nice Split Plan Guest Bedrooms, Hall Bath w/Tub and Granite Counter, Huge Laundry Room w/Extra Cabinetry and Laundry Sink, Large Kitchen w/Huge Granite Stone Island, Upgraded Designer Solid Wood Cabinetry w/Roll-outs, Gorgeous Tile Back Splash, Stainless Steel Range w/Gas Cooking, Microwave, Elevated Dishwasher, Refrigerator, Writing Desk Nook, Coffee Bar, Large Walk-in Pantry, Plantation Shutters and Crown Molding; Good Sized Dining Room w/Crown Molding, Great Room Living Room w/Coffered Ceiling and Crown Molding, Tile Flooring, Pocket Slider to Covered Lanai, View of the AWESOME Heated Salt Water Pool w/WATERFALL and STUNNING LONG VIEWS OF THE LAKE, Covered Lanai w/Fabulous ($25,000) Out Door Kitchen w/Stainless Grill, Refreshment Refrigerator, Sink, Built-in Hood Vent and Matching Pool Deck Pavers; Extended Caged Pool w/Waterfall, Upgraded Accordion Hurricane Shutters on Window Openings and a $10,000 Commercial Grade Electric Roll Down Hurricane Shade for the Lanai Opening plus Extra Wide Lot for Privacy. The Community Features: British West Indies Resort Style Clubhouse w/Huge Heated Aqua Color Pool Overlooking a Bird Nature Preserve, Large Hot Tub, Fantastic Gym, Locker Rooms, Pickle-ball Court, Tennis Courts, Fire Pit, BBQ Station, Club Party Room w/Kitchen, Out Door Party Bar, and Nature Trails w/Open Spaces; Secure Gated Community, NO CDD FEES, LOW HOW fees, Maintenance Free Lawn Care and Irrigation, Convenient Location to Palmer Ranch Shopping, Costco, Restaurants, Freeway Access and Close to our Lovely Beaches! NO STORM DAMAGE TO THIS HOME!!! Wow!!! Home is being Sold with Furniture! Seller to Pay $2750 for Buyer’s One Time Capital Contribution Fee to Live in Hammock Preserve.

Listing Agent

Anne Thomas

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #3139066 Listed on: 04/04/2025

RE/MAX ALLIANCE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,762

Year Built

  • Built in 2017

Lot Details

  • 10,157 Sq Ft Lot
  • Lake Front
  • Northwest Facing Home
  • Mature Landscaping
  • Private Lot
  • Level Lot
  • Metered Sprinkler System
  • Landscaped with Trees
  • Property is zoned RSF1

HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Lake
  • Pool

Home Design

  • Traditional Architecture
  • Florida Architecture
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,110 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Partially Furnished
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Double Pane Windows
  • Plantation Shutters
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Inside Utility

Kitchen

  • Walk-In Pantry
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Brick
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Fence, Lighting or Alarms
  • Hurricane or Storm Shutters
  • In Wall Pest System
  • Pest Guard System

Pool

  • Heated In Ground Pool
  • Heated Above Ground Pool
  • Gunite Pool
  • Saltwater Pool

Outdoor Features

  • Access To Lake
  • Enclosed Patio or Porch
  • Outdoor Kitchen
  • Rain Gutters

Schools

  • Laurel Nokomis Elementary School
  • Sarasota Middle School
  • Venice Senior High School

Utilities

  • Zoned Heating and Cooling
  • Vented Exhaust Fan
  • Underground Utilities
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, ground maintenance, management, pool, private road, recreational facilities, security
  • Castle Group Association, Phone Number (941) 922-6822
  • Palmer Ranch Association
  • Built by Pulte DiVosta
  • Hammock Preserve Ph 1A Subdivision, Martin Ray Floorplan
  • Hammock Preserve On Palmer Ranch Community
  • On-Site Maintenance
  • The community has rules related to deed restrictions, fencing, allowable golf cart usage in the community

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Dog Park
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,762

Year Built

Built in 2017

Lot Details

0

HOA Fees

$461 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Maintenance Grounds, Management, Pool, Private Road, Recreational Facilities, Security
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida, Traditional
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2110
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 2017
  • Building Area Total: 2774
  • Lot Size Sq Ft: 10157
  • Directions to Property: Go South on Honore from Clark Road. Turn left into Hammock Preserve. Stop at Guard Gate to Open.
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047486
  • Minimum Lease: 3 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 402.80
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 941-954-5454
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, Coffered Ceiling(s), Crown Molding, In Wall Pest System, Living Room/Dining Room Combo, Open Floorplan, Pest Guard System, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Spa Yn: No
  • Stories: 1
  • Window Features: Blinds, Double Pane Windows, Shutters, Window Treatments
  • Street Number Modifier: 5562
  • Additional Rooms: Den/Library/Office,Inside Utility
  • Living Area Meters: 196.03
  • Room Count: 10

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Above Ground, Gunite, Heated, In Ground, Salt Water
  • Exterior Features: Hurricane Shutters, Outdoor Kitchen, Rain Gutters, Sidewalk, Sliding Doors, Sprinkler Metered
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Pool, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened
  • Road Surface Type: Asphalt
  • Water Access: Lake
  • Water Extras YN: 0
  • 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
  • Parking Features: Covered, Driveway, Garage Door Opener

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Meter, Underground Utilities, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Exhaust Fan
  • Laundry Features: Inside, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Canal/Lake For Irrigation, Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Deed Restrictions, Dog Park, Fitness Center, Gated Community - No Guard, Golf Carts OK, Playground, Pool, Sidewalks, Tennis Court(s), Street Lights
  • Association Amenities: Clubhouse, Fence Restrictions, Fitness Center, Gated, Maintenance, Pickleball Court(s), Playground, Pool, Spa/Hot Tub, Tennis Court(s), Trail(s)
  • Association Fee: 1337
  • Association Fee Frequency: Quarterly
  • Association Name: Castle Group
  • Phone: 941-922-6822
  • Association: Yes
  • Security: Security Fencing/Lighting/Alarms
  • Senior Community: No
  • Association #2 Fee: 175
  • Association #2 Fee Frequency: Annually
  • Association: Palmer Ranch
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Pet Restrictions: See HOA Rules
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 5523.00
  • Total Monthly Fees: 460.25
  • Monthly HOA Amount: 445.67

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Sarasota Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0138090022
  • Additional Parcels: No
  • Lot Features: In County, Landscaped, Level, Sidewalk, Paved, Private
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 944

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Pulte DiVosta

Rental Info

  • Furnished: Partially
  • Pets Allowed: Breed Restrictions
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Deed Restrictions.

Tax Info

  • Tax Annual Amount: 7762.23
  • Tax Block: 1
  • Tax Book Number: 50-32
  • Tax Lot: 74

Multi Family

  • Waterfront Features: Lake Front
  • Approval Process: HOA Application.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,520 $653,226 -- --
2023 $7,520 $634,200 $213,500 $420,700
2022 $7,358 $616,600 $222,000 $394,600
2021 $5,923 $448,700 $151,600 $297,100
2020 $5,858 $434,900 $151,600 $283,300
2019 $5,859 $439,400 $143,100 $296,300
2018 $5,694 $427,300 $128,100 $299,200
2017 $1,733 $134,800 $134,800 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $849,900 -1.1% $403 / Sq Ft
05/14/2025 05/14/25 Price Changed $859,000 -2.3% $407 / Sq Ft
05/01/2025 05/01/25 Price Changed $879,000 -2.2% $417 / Sq Ft
04/04/2025 04/04/25 For Sale $899,000 -- $426 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $505,000 Multiple
Deed $505,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $307,516 New Conventional
Source: Public Records

Source: Stellar MLS

MLS Number: A4645216

Stellar MLS

APN: 0138-09-0022