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$725,000

5451 LAGO MAGGIO STREET, SARASOTA, FL 34238

3D Tour

Active150 days on market

Beds

Baths

Sq Ft

1,918 sq ft

Year Built

2022

Lot Size

0.15 acres

Garage

About This Property

Experience waterfront living at its finest in this pristine Arezzo floor plan featuring 3 bedrooms, 2 baths, and a versatile den, all enhanced by an extended lanai showcasing breathtaking, unobstructed water views from a premium southern-exposure lot. Nestled within the gated Esplanade on Palmer Ranch community, this meticulously maintained home offers an efficient open floor plan with modern kitchen appointments including white maple cabinets, quartz countertops, and gas cooking, while solar panels with battery storage keep electric bills averaging just $35 monthly. The property features extensive custom landscaping, remote-controlled hurricane screens, whole house water filtration, and numerous premium upgrades throughout. Beyond the home itself, residents enjoy an exceptional resort-style lifestyle with state-of-the-art fitness center, wellness services, resort-style pool and spa, pickleball, tennis, bocce courts, dog parks, walking paths with private Legacy Bike Trail access, and the exclusive Bahama Bar offering restaurant and full-service bar—all within a vibrant community offering a full calendar of activities and social opportunities. This is more than a home—it's your gateway to the waterfront lifestyle you've been dreaming of. Remote Controlled Hurricane screens/ shutters, Solar power system with battery storage.

Property Overview

Property TypeResidential

Sub TypeSingle Family Residence

MLS #A4672385

StatusActive

Year Built2022

Stories1

Total Rooms7

ConstructionBlock, Stucco

RoofTile

FoundationSlab

FacesNorth

SubdivisionESPLANADE ON PALMER RANCH

CountySarasota

OwnershipFee Simple

FurnishedNegotiable

Interior Features

InteriorCeiling Fan(s), Crown Molding, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)

FlooringCarpet, Ceramic Tile, Hardwood

AppliancesConvection Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer

LaundryLaundry Room

WindowsBlinds, Display Window(s), Double Pane Windows, Solar Screens

CoolingCentral Air

HeatingCentral, Electric, Natural Gas, Solar

SecurityGated Community, Smoke Detector(s)

Exterior & Lot

ExteriorGarden, Hurricane Shutters, Irrigation System, Lighting, Rain Gutters, Sidewalk

Lot Size0.15 acres (6,534 sq ft)

Lot FeaturesCul-De-Sac, Landscaped, Sidewalk

Road SurfacePaved

ViewWater

Waterfront

WaterfrontYes

FeaturesLake Front

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesCable Connected, Electricity Connected, Fire Hydrant, Natural Gas Connected, Sewer Connected, Solar, Street Lights, Underground Utilities, Water Connected

Parking

GarageYes (2 spaces)

HOA & Community

HOAYes

HOA Fee$1,560 / Quarterly

Senior CommunityNo

Financial Details

List Price$725,000

Original Price$775,000

Annual Taxes$6,987 (2024)

FinancingCash, Conventional

ZoningRSF1

Parcel #0138110363

Schools

ElementaryLaurel Nokomis Elementary

MiddleLaurel Nokomis Middle

HighVenice Senior High

Directions

From Clark Road, go south on Honore Avenue past 2nd roundabout. Community is on the right side. Take your 2nd gate entrance, you will need a code to enter (listing agent will provide the code), go thru gate to left on Lago Maggio Street (1st St), home is 8th house on the right. No sign.

Location

5451 LAGO MAGGIO STREET, SARASOTA, FL 34238

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY

ListedNovember 17, 2025

Schedule a Tour

Pick a Day

Preferred Time

Home Price

$725,000

Down Payment20% ($145,000)

Interest Rate6.75%

Loan Term

Principal & Interest$3,762

Property Tax (est.)$665

Insurance (est.)$150

Total Monthly$4,576

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Nearby Schools

Elementary School

Laurel Nokomis Elementary

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Middle School

Laurel Nokomis Middle

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High School

Venice Senior High

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How to Buy This Home

Multiple financing options available for this $725,000 home in SARASOTA.

🏦

Conventional

$36,250 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Sarasota County SHIP

Varies

Income-qualifying Sarasota residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: July 14, 2026.