tomo logo

$450,000

Beds
2
Baths
2.0
sq ft
1,838

8111 Timber Lake Ln, Sarasota, FL 34243

8111 Timber Lake Ln

SARASOTA, FL 34243

  • 29 days on market
Located in the well-established Palm-Aire community, this inviting 2-bedroom, 2-bath home offers a fantastic opportunity in a peaceful and sought-after neighborhood. The open and functional layout provides plenty of natural light, with the kitchen overlooking the main living area—ideal for both everyday living and entertaining. Beyond the main living space, the home extends outdoors to a large screened lanai, where a beautiful pool and heated spa create the perfect retreat. The fully fenced yard offers privacy, and the property sits in Flood Zone X for added peace of mind. Palm-Aire is conveniently located near shopping, dining, theaters, and I-75, with downtown Sarasota, SRQ Airport, and award-winning beaches just a short drive away. Golf and social memberships at Palm-Aire Country Club are available but not mandatory. Being sold AS-IS—please use the AS-IS Residential Contract for Sale and Purchase.

Details

Property type

Single Family Residence

Est. home value

$539,125

Lot size

0.3 acres

Price per sq ft

$245

Year built

1981

Annual property taxes

$6,187.54

Monthly HOA fee

$9.83

Price History

03/07/2025
StellarMLS

StellarMLS #A4642593

Listed
$450,000
+30.43%
03/05/2019
StellarMLS

StellarMLS #A4414348

Sold
$345,000
+4.86%
05/25/2018
StellarMLS

StellarMLS #A4211886

Sold
$329,000
+18.73%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$141,458
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$272,542
Cash to seller
$141,458

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

Seller’s Loan History

Lender

Platinum Mortgage Inc

Loan start date

May 2018

Original loan amount

$312,550

Est. remaining balance

$272,542

Interest rate

4.4%

Loan type

New Conventional, 30 year

Seller

David L Rhodes and Melissa A Rhodes

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: 04/06/2025 at 12:40 AM

Listing updated: 03/08/2025 at 6:58 AM

Listed by: Latoya Davis, STARZ REAL ESTATE, LLC Phone #: (941) 737-7108

MLS: StellarMLS #A4642593

StellarMLS logo

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