tomo logo

$1,875,000

Beds
5
Baths
4.5
sq ft
3,560

7945 Palmer Blvd, Sarasota, FL 34240

7945 Palmer Blvd

SARASOTA, FL 34240

  • 36 days on market
This exceptional 5-acre estate, ideally located in the heart of Sarasota, presents a rare opportunity to own a unique property. The fully-fenced "Ranchette" features a main residence, a guest house, and a fully-equipped barn. Key Highlights: • Main Residence: 2,452 sq. ft., 3 bedrooms, 2.5 bathrooms • Guest House: 1,108 sq. ft., 2 bedrooms, 2 bathrooms • Barn: 2-stall barn (12x12 stalls), oversized garage, and an upstairs 1-bedroom apartment • Land: 5 acres with three expansive pastures, mature oak trees, and a serene pond • Fencing: Fully fenced for complete privacy and security The main home is designed to embrace natural light, featuring a spacious living area and a beautifully updated kitchen with new cabinetry and Uba Tuba granite (2001). The breakfast nook, with French doors, seamlessly flows into the adjoining family room, which boasts a cozy wood-burning fireplace. Connected to the main residence by a charming covered lanai, the guest house provides additional living space with 2 bedrooms and 2 bathrooms. Whether accommodating family or guests, it ensures privacy and comfort in this peaceful, picturesque setting. Tenant is on a month-to-month lease.

Details

Property type

Single Family Residence

Est. home value

$1,075,573

Lot size

5.0 acres

Price per sq ft

$527

Year built

1993

Annual property taxes

$10,903.4

HOA

No

Price History

12/19/2024
StellarMLS

StellarMLS #A4632278

Listed
$1,875,000
+171.74%
06/05/2020
StellarMLS

StellarMLS #A4431318

Sold
$690,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

1St Natl Bank Florida

Loan start date

January 2004

Original loan amount

$195,000

Est. remaining balance

Not provided

Interest rate

5.89%

Loan type

Commercial

Seller

Janice L Collins and Patrick S Collins

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?

Status: Active

Tomo last checked: 01/24/2025 at 3:15 AM

Listing updated: 01/23/2025 at 4:00 PM

Listed by: Kevin Robbins, HARRY ROBBINS ASSOC INC Phone #: (941) 924-8346

MLS: StellarMLS #A4632278

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