$690,000
SOLD JUN 5, 2020

7945 Palmer Blvd Sarasota, FL 34240

5 Beds
4.5 Baths
3,560 Sq Ft
5 Acres

Recently Sold

$194 Per Sq Ft

14% Below List Price

370 Days on Market

Highlights

  • Guest House
  • Barn
  • Oak Trees
  • Tatum Ridge Elementary School Rated A-
  • Stables
  • View of Trees or Woods

About This Home

As of April 2025

New Price!!! This one of a kind 5 acre equestrian estate in the heart of Sarasota has never been on the market. Comprised of the main residence (2,452 sqft), guest house (1,108 sqft) and 2-stall horse barn with oversized garage & upstairs 1-BR apartment, the property offers amazing opportunities. The feeling you get when you enter through the gates is about so much more than the bricks & mortar. Experience the peaceful and picturesque setting, horse pastures, stately oak trees and tranquil pond and you will be transported into a country lifestyle that seems far removed from the city's hustle and bustle, yet, all urban conveniences are just a stone's throw away. The entire "Ranchette" is fully fenced with three large pastures and a barn with two 12x12 stalls. The main home features 3 BR and 2.5 BA and its setting maximizes natural light. The kitchen was updated with new cabinetry & Uba Tuba granite in 2001. Your breakfast area features French Doors and the adjacent family room has a wood-burning fireplace. The guest house offers 2 BR & 2 BA and both properties are connected by a covered lanai/breezeway. Your roof is a premium 75-year galvalume roof. A/C for the main home & barn replaced in 2017. The magnificent grounds evoke Old Florida charm and at night you can still observe the brightest stars in the sky. This setting couldn't be more ideal for horse lovers while being only minutes away from downtown and in close proximity to area attractions and beaches.

Last Agent to Sell the Property

Uli Wills

WILLS REAL ESTATE LLC License #3308383 Listed on: 03/26/2019

Last Buyer's Agent

Gary Wills

WILLS REAL ESTATE LLC License #3364998

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,883

Year Built

  • Built in 1993

Lot Details

  • 5 Acre Lot
  • Southeast Facing Home
  • Fenced
  • Mature Landscaping
  • Level Lot
  • Oak Trees
  • Property is zoned OUE

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Open Parking

Property Views

  • Pond
  • Woods
  • Garden
  • Park or Greenbelt

Home Design

  • Brick Exterior Construction
  • Stem Wall Foundation
  • Wood Frame Construction
  • Metal Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 3,560 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • French Doors
  • Family Room with Fireplace
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Inside Utility
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Shed

Additional Homes

  • Guest House

Schools

  • Tatum Ridge Elementary School
  • Mcintosh Middle School
  • Booker High School

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Zoned For Horses
  • Stables

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Thermostat
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Don Padgett
  • Palmer Farms Community
  • Palmer Farms 3Rd Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,883

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Brick, Vinyl Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 3560
  • Lot Size Acres: 5
  • New Construction: No
  • Year Built: 1993
  • Building Area Total: 8357
  • Lot Size Sq Ft: 217800
  • Directions to Property: From I-75, take Bee Ridge Rd. exit. L on Bee Ridge, R on Cattleman. Cattleman to Palmer Blvd. R on Palmer. Property is on the L. Gates to property will be open.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4431318&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4431318&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 5 to less than 10
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.86358
  • Price per Sq Ft: 193.82
  • Close to Original List Price Ratio: 0.69347
  • Ratio: Current Price\Building Area Total: 82.57
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Wet Bar, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stem Wall
  • Total Bedrooms: 5
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 7945
  • Room Count: 10
  • Additional Rooms: Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Barn(s), Guest House, Shed(s), Stable(s), Storage
  • Exterior Features: Fenced, French Doors, Lighting, Storage
  • Roof: Metal
  • Pool Private: No
  • View: Garden, Greenbelt, Trees/Woods, Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio, Porch, Rear Porch, Screened
  • Water View: Pond
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0160F
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Garage Faces Side
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s), Fire/Smoke Detection Integration
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Tatum Ridge Elementary
  • High School: Booker High
  • Middle Or Junior School: McIntosh Middle

Lot Info

  • Zoning: OUE
  • Parcel Number: 0233013829
  • Additional Parcels: No
  • Lot Features: Level, Pasture, Zoned for Horses
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Don Padgett

Rental Info

  • Furnished: Negotiable
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No
  • Month To Month Or Weekly Y N: Yes

Tax Info

  • Tax Annual Amount: 7883.48
  • Tax Block: 38
  • Tax Book Number: 846-1027
  • Tax Lot: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Sold $1,625,000 -4.1% $456 / Sq Ft
03/01/2025 03/01/25 Pending -- -- --
02/28/2025 02/28/25 Price Changed $1,695,000 -9.6% $476 / Sq Ft
12/19/2024 12/19/24 For Sale $1,875,000 +171.7% $527 / Sq Ft
06/05/2020 06/05/20 Sold $690,000 -13.6% $194 / Sq Ft
03/29/2020 03/29/20 Pending -- -- --
03/21/2020 03/21/20 For Sale $799,000 0.0% $224 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
12/14/2019 12/14/19 Price Changed $799,000 -5.9% $224 / Sq Ft
11/07/2019 11/07/19 Price Changed $849,000 -5.1% $238 / Sq Ft
07/13/2019 07/13/19 Price Changed $895,000 -10.1% $251 / Sq Ft
03/25/2019 03/25/19 For Sale $995,000 -- $279 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4431318

Stellar MLS

APN: 0233-01-3829