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$275,000

5231 LAKE VILLAGE DRIVE UNIT 27, SARASOTA, FL 34235

Active3 days on market

Beds

Baths

Sq Ft

1,065 sq ft

Year Built

1983

Lot Size

6.74 acres

Garage

—

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About This Property

Short Sale. Experience a turnkey, lock & Leave - maintenance free lifestyle in this refined 2-bedroom, 2-bathroom, ground floor residence at 5231 Lake Village Dr, offering 1,178 sq. ft. of living space in one of Sarasota’s most established, canopy-shaded neighborhoods. Meticulously maintained and move-in ready, the interior features sophisticated updates, including crown molding and custom cabinetry, with a layout that flows into an intentional dining space and a glass-enclosed, professionally landscaped lanai, your private sanctuary for morning coffee overlooking the water. Perfectly positioned for the discerning buyer, the home offers effortless convenience at the nexus of Sarasota’s key corridors, just 10 minutes from the University Town Center (UTC) district and a direct 15-minute commute to the cultural heart of downtown Sarasota. This residence offers a rare opportunity to own in a master-planned community celebrated for its timeless charm and preserved green spaces; we invite you to contact us today to coordinate a private viewing of this lakeside gem. Virtual 3D Tour Available!

Property Overview

Property TypeResidential

Sub TypeCondominium

MLS #A4699351

StatusActive

Year Built1983

Stories2

Total Rooms5

ConstructionStucco

RoofTile

FoundationSlab

FacesSouth

SubdivisionVILLAGE LAKE

CountySarasota

OwnershipCondominium

Interior Features

InteriorCeiling Fan(s), Crown Molding, Dry Bar, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Window Treatments

FlooringCeramic Tile

AppliancesCooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

LaundryLaundry Room

CoolingCentral Air

HeatingCentral

Exterior & Lot

ExteriorSliding Doors

Lot Size6.74 acres (293,705 sq ft)

Lot FeaturesNear Golf Course, Sidewalk

Road SurfaceAsphalt

ViewWater

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesBB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected

Parking

GarageNo

HOA & Community

HOAYes

Senior CommunityNo

Financial Details

List Price$275,000

Annual Taxes$1,226 (2025)

FinancingCash, Conventional, FHA, VA Loan

ZoningRSF2

Parcel #0034081027

Schools

ElementaryGocio Elementary

MiddleBooker Middle

HighBooker High

Directions

From I-75, head west on Fruitville Road, then turn right onto Honore Avenue. Turn right onto Longmeadow, continue for one mile, and turn right onto Lake Village Drive; Unit 27 will be on your left on the ground floor.

Location

5231 LAKE VILLAGE DRIVE UNIT 27, SARASOTA, FL 34235

Listing Information

OfficePREFERRED SHORE LLC

ListedJuly 8, 2026

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Home Price

$275,000

Down Payment20% ($55,000)

Interest Rate6.75%

Loan Term

Principal & Interest$1,427

Property Tax (est.)$252

Insurance (est.)$150

Total Monthly$1,829

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Nearby Schools

Elementary School

Gocio Elementary

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Middle School

Booker Middle

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High School

Booker High

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How to Buy This Home

Multiple financing options available for this $275,000 home in SARASOTA.

🏛️

FHA Loan

$9,625 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$13,750 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 11, 2026.