tomo logo

$775,000

Beds
4
Baths
3.0
sq ft
2,629

5554 New Covington Dr, Sarasota, FL 34233

5554 New Covington Dr

SARASOTA, FL 34233

  • 88 days on market
    • Price drop $24,000↓
JUST REDUCED – NOW $775,000! 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 highly motivated and 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!

Details

Property type

Single Family Residence

Est. home value

$304,608

Lot size

9,200 sq ft

Price per sq ft

$295

Year built

2000

Annual property taxes

$7,165.92

Monthly HOA fee

$50

Price History

03/24/2025
StellarMLS

StellarMLS #A4634436

Price change
$775,000
-3%
03/10/2025
StellarMLS

StellarMLS #A4634436

Price change
$799,000
-5.89%
01/06/2025
StellarMLS

StellarMLS #A4634436

Listed
$849,000
+64.85%

Schools & Community

Elementary school: 

Ashton Elementary

Middle school: 

Sarasota Middle

High school: 

Riverview High

Community features: 

Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$511,986
Asking price
$775,000
Closing costs (~8% of asking)
-$62,000
Est. remaining loan balance
-$201,014
Cash to seller
$511,986

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Carrington Mortgage Services Llc

Loan start date

June 2021

Original loan amount

$218,762

Est. remaining balance

$201,014

Interest rate

3.04%

Loan type

FHA, 30 year

Seller

Christopher Scott Mcguire and Lori Nykanen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
StellarMLS
$790,000
4 bd
|
3 ba
|
3,035 sq ft
|
House

7341 Featherstone Blvd, Sarasota, FL 34238

Price drop
StellarMLS
$725,000
4 bd
|
3 ba
|
2,594 sq ft
|
House

8644 Sundance Loop, Sarasota, FL 34238

Price drop
StellarMLS
$750,000
4 bd
|
3 ba
|
2,582 sq ft
|
House

5125 Magnolia Pond Dr, Sarasota, FL 34233

Status: Active

Tomo last checked: 04/03/2025 at 10:55 PM

Listing updated: 04/03/2025 at 6:59 AM

Listed by: Marco Guadagnini, PREFERRED SHORE LLC Phone #: (941) 999-1179

MLS: StellarMLS #A4634436

StellarMLS logo

Recently listed in SARASOTA

$1,000,000|3 bd|2.0 ba|House
$625,000|3 bd|2.0 ba|House
$499,000|3 bd|2.5 ba|House
$599,000|3 bd|2.0 ba|House
$625,000|2 bd|2.5 ba|House
$1,175,000|3 bd|2.0 ba|House
$770,000|3 bd|4.5 ba|House
$1,199,000|4 bd|3.5 ba|House
$520,000|3 bd|2.5 ba|House