$1,330,000
SOLD JAN 13, 2025
6 Beds
8 Baths
7,455 Sq Ft
5 Acres

Recently Sold

$178 Per Sq Ft

22% Below List Price

99 Days on Market

Highlights

  • Additional Residence on Property
  • Parking available for a boat
  • Oak Trees
  • Lakeview Elementary School Rated A
  • Horses Allowed in Community
  • Gunite Pool

About This Home

As of January 2025

OWNER IS MOTIVATED AND ENTERTAINING ALL OFFERS! Myakka Valley Ranches, “Sarasota County’s last frontier:” Great opportunity to acquire a beautiful, very private, 5-acre lot with 2 big homes (each with an attached air-conditioned garage), a spectacular pool, and a big air-conditioned outbuilding for a remarkably low price. The 3,515 SF 2-story home in the front has a ground floor master suite with skylights, and two bedrooms upstairs, both with en suite bathrooms. The large kitchen was fully renovated in 2011, with quartz countertops, center island and seating peninsula; walk-in party. Large living room with fireplace, and dining room, fully renovated in 2023. The home has four baths, an upstairs balcony/deck with beautiful views of the pond, and several screened porches. The downstairs master is currently used as a work area. This could also serve as a rental since it has a utility kitchen and a bathroom. In front of the home is a 1,092 sf air-conditioned building, which was once a 3-car garage (the overhead doors are still in place). It features a kitchenette and a half bath. This would be a great space for a studio, caretaker, home-schooling office, you name it. On the left side of the house is an attached carport, which is connected to an air-conditioned 702 sf 2- car garage. The 2,848 sf home in the back of the property features a big (1,800 sf) pool deck with a spectacular ray-shaped heated pool. In its center is a built-in hot tub with ray-shaped grotto and waterfall. A huge industrial fan is one of the first things you notice upon entering the light and bright 20 x 40 studio/office on the south side of the house. A breezeway connects the house to an 1,131 sf 3-car air-conditioned garage. The 5+ acre lot is spectacular: a big pond in the center separates the two homes, while many big live oak trees, all kinds of palm trees, and bamboo clusters give it a distinctly tropical, “Florida” vibe. The reason that this property is priced so competitively (7,455 SF airconditioned living space, at $199/SF, compared to a median sale price of $401/sf in the community since 1/7/23) has to do with the unfortunate effect of hurricane Ian, an exceptionally destructive storm: the back house flooded in 9/23, and will need a major make-over. A beginning has been made: floors, doors, closets, bathroom fixtures, appliances, kitchen cabinets, and all the affected sections of drywall have been removed, and mold remediation has taken place. The A/C is running, and the pool is clean. It was
planned as a 3/2 house, but it would be rather easy to change this configuration. Because the front house is higher (flood zone x), it only had minor water intrusion, which has been professionally restored. Myakka Valley Ranches is one of the most beautiful equestrian communities in Sarasota. The ca. 280 homes are all situated on at least 5 acres. Winding roads and nature trails provide its residents with the opportunity to walk, ride their bicycle or horse in a stunningly beautiful environment. There is even a community park (close to the listing), where one can launch a kayak, and paddle to the Upper Lake of Myakka River State Park, Florida’s biggest state park at 37,000 acres. Downtown Sarasota, with its many cultural amenities, is only 40 minutes away, as are the award-winning beaches of Siesta Key. Great restaurants, shops, and good public and private schools are all within 30 minutes from “the Valley,” as the locals call their slice of paradise.

Last Agent to Sell the Property

Roni-Marie Gold, PA

COLDWELL BANKER REALTY Brokerage Phone: 941-388-3966 License #3105300 Listed on: 08/17/2024

COLDWELL BANKER REALTY

Co-Listed By

Paul Wolbers

MANGROVE REALTY ASSOCIATES Brokerage Phone: 941-388-3966 License #3198226

Last Buyer's Agent

Julia Montei

COLDWELL BANKER REALTY License #3340914

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,358

Year Built

  • Built in 1980

Lot Details

  • 5 Acre Lot
  • West Facing Home
  • Mature Landscaping
  • Private Lot
  • Oak Trees
  • Property is zoned OUE1

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • 2 Carport Spaces
  • Parking Pad
  • Garage Apartment
  • Converted Garage
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • Off-Street Parking
  • Parking available for a boat
  • RV or Boat Parking
  • Golf Cart Parking

Home Design

  • Florida Architecture
  • Fixer Upper
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,455 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Views of Woods
  • High Impact Windows

Kitchen

  • Range with Range Hood
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Dual Closets
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Gunite Pool
  • Pool Lighting
  • Heated Spa

Outdoor Features

  • River Nearby
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Outdoor Storage

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

  • Lakeview Elementary School
  • Sarasota Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Thermostat
  • Power Generator
  • 2 Water Wells
  • Electric Water Heater
  • 2 Septic Tanks
  • Fiber Optics Available

Additional Features

  • Additional Residence on Property
  • Pasture
  • Zoned For Horses

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, escrow reserves fund, private road
  • Progressive Community Management Association, Phone Number (941) 921-5393
  • Visit Association Website
  • Myakka Valley Ranches Community
  • Myakka Valley Ranches Subdivision
  • The community has rules related to fencing

Recreation

  • Park
  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,358

Year Built

Built in 1980

Lot Details

0

HOA Fees

$54 per month

Parking

5

Listing Details

  • HOA Fee Includes: Common Area Taxes, Escrow Reserves Fund, Private Road
  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida, Ranch
  • Construction Materials: Block, Stucco, Wood Frame
  • Fireplace: Yes
  • Living Area: 7455
  • Lot Size Acres: 5
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 10886
  • Lot Size Sq Ft: 217809
  • Directions to Property: Take Clark East of I-75 to Myakka Valley Trail, Myakka Valley Trail to Right on Old Ranch Road. Home will be on your right.
  • Status: Sold
  • Co List Office Mls Id: MFR281517792
  • Co List Office Phone: 941-957-0080
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 178.40
  • Total Acreage: 5 to less than 10
  • Unit Number YN: 0
  • Water Access YN: 0
  • Amenities Additional Fees: MVRIA.com MVRIA Unit 3 is currently going through a revitalization. Please contact the HOA president to see if the HOA dues are voluntary or mandatory at this time.
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Dual Closets
  • MFR_BedroomClosetType: Storage Closet
  • MFR_InLawSuiteYN: 1
  • MFR_CommunityAssociationWaterFeatures: River
  • MFR_InLawSuiteDescription: 1 Bathroom,Detached (ADU),Kitchenette,Private Entrance,Studio
  • Attribution Contact: 941-388-3966
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Wood
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Skylight(s), Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: Two
  • Other Equipment: Generator
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Impact Glass/Storm Windows
  • Street Number Modifier: 5793
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Den/Library/Office,Garage Apartment,Interior In-Law Suite w/Private Entry
  • Living Area Meters: 692.59
  • Room Count: 7

Exterior Features

  • Direction Faces: West
  • Other Structures: Additional Single Family Home, Guest House, Storage, Workshop
  • Pool Features: Gunite, Heated, Lighting
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: Yes
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch, Screened
  • Road Surface Type: Gravel
  • 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 Spaces: 2
  • Carport Y N: Yes
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Boat, Converted Garage, Driveway, Garage Door Opener, Golf Cart Parking, Guest, Off Street, Oversized, Parking Pad, RV Parking

Utilities

  • Utilities: Electricity Connected, Fiber Optics
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Number Of Septics: 2
  • Number of Wells: 2

Condo/Co-op/Association

  • Community Features: Horses Allowed, Park
  • Association Amenities: Fence Restrictions, Park
  • Association Fee: 650
  • Association Fee Frequency: Annually
  • Association Name: Progressive Community Management
  • Phone: 941.921.5393
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required
  • Association Email: office@pcmfla.com
  • Association URL: https://pcmfla.com/

Fee Information

  • Total Annual Fees: 650.00
  • Total Monthly Fees: 54.17
  • Monthly HOA Amount: 54.17

Schools

  • Elementary School: Lakeview Elementary
  • High School: Riverview High
  • Middle Or Junior School: Sarasota Middle

Lot Info

  • Zoning: OUE1
  • Parcel Number: 0594011571
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, In County, Pasture, Private, Zoned for Horses
  • Flood Zone Code: X,A
  • Homestead YN: 0
  • Lot Size Square Meters: 20235

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Sarasota County Leasing Restrictions

Tax Info

  • Tax Annual Amount: 12357.72
  • Tax Block: 9
  • Tax Book Number: 22-12
  • Tax Lot: 157

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2024
Closed on
Jan 13, 2025
Sold by
Bakke Jan Andreas
Bought by
Lantz Travis
Seller's Agent
Roni-Marie Gold, PA
COLDWELL BANKER REALTY
Buyer's Agent
Julia Montei
COLDWELL BANKER REALTY
List Price
$1,700,000
Sold Price
$1,330,000
Premium/Discount to List
-$370,000
-21.76%
Views
119
Current Estimated Value
$1,264,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,942
Avg. Annual Appreciation
-6.91%
Original Mortgage
$1,060,000
Outstanding Balance
$1,052,639
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$211,419

Purchase Details

Closed on
Aug 30, 2010
Sold by
Wilson Robert and Wilson Lillie
Bought by
Bakke Jan Andreas
Source: Public Records

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 $1,330,000 None Listed On Document
Warranty Deed $1,330,000 None Listed On Document
Warranty Deed $435,000 Alliance Group Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,060,000 New Conventional
Closed $1,060,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2025 01/13/25 Sold $1,330,000 -10.7% $178 / Sq Ft
11/24/2024 11/24/24 Pending -- -- --
11/01/2024 11/01/24 Price Changed $1,490,000 -6.3% $200 / Sq Ft
09/12/2024 09/12/24 Price Changed $1,590,000 -6.5% $213 / Sq Ft
08/17/2024 08/17/24 For Sale $1,700,000 -- $228 / 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 $12,358 $859,134 -- --
2023 $12,358 $1,083,500 $275,800 $807,700
2022 $11,336 $973,700 $236,500 $737,200
2021 $9,387 $721,000 $156,100 $564,900
2020 $8,302 $586,800 $144,700 $442,100
2019 $8,972 $646,500 $143,900 $502,600
2018 $8,233 $588,100 $159,400 $428,700
2017 $9,077 $644,400 $163,900 $480,500
2016 $9,748 $685,400 $163,900 $521,500
2015 $8,719 $584,100 $149,000 $435,100
2014 $7,810 $403,869 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4620072

Stellar MLS

APN: 0594-01-1571