Pending

5793 OLD RANCH RD

SARASOTA FL, 34241

$1,490,000


$199.87 per sqft

Pending

6 Beds

8 Baths

7,455 sqft

Residential

Built in 1980

Under contract-accepting backup offers. OWNER IS MOTIVATED AND ENTERTAINING ALL OFFERS! Myakka Valley Ranches, "Sarasota County's last frontier:" Great opportunity to acquire a beautiful, very private, 5-acre lot with 2 big homes (each with an attached air-conditioned garage), a spectacular pool, and a big air-conditioned outbuilding for a remarkably low price. The 3,515 SF 2-story home in the front has a ground floor master suite with skylights, and two bedrooms upstairs, both with en suite bathrooms. The large kitchen was fully renovated in 2011, with quartz countertops, center island and seating peninsula; walk-in party. Large living room with fireplace, and dining room, fully renovated in 2023. The home has four baths, an upstairs balcony/deck with beautiful views of the pond, and several screened porches. The downstairs master is currently used as a work area. This could also serve as a rental since it has a utility kitchen and a bathroom. In front of the home is a 1,092 sf air-conditioned building, which was once a 3-car garage (the overhead doors are still in place). It features a kitchenette and a half bath. This would be a great space for a studio, caretaker, home-schooling office, you name it. On the left side of the house is an attached carport, which is connected to an air-conditioned 702 sf 2- car garage. The 2,848 sf home in the back of the property features a big (1,800 sf) pool deck with a spectacular ray-shaped heated pool. In its center is a built-in hot tub with ray-shaped grotto and waterfall. A huge industrial fan is one of the first things you notice upon entering the light and bright 20 x 40 studio/office on the south side of the house. A breezeway connects the house to an 1,131 sf 3-car air-conditioned garage. The 5+ acre lot is spectacular: a big pond in the center separates the two homes, while many big live oak trees, all kinds of palm trees, and bamboo clusters give it a distinctly tropical, "Florida" vibe. The reason that this property is priced so competitively (7,455 SF airconditioned living space, at $199/SF, compared to a median sale price of $401/sf in the community since 1/7/23) has to do with the unfortunate effect of hurricane Ian, an exceptionally destructive storm: the back house flooded in 9/23, and will need a major make-over. A beginning has been made: floors, doors, closets, bathroom fixtures, appliances, kitchen cabinets, and all the affected sections of drywall have been removed, and mold remediation has taken place. The A/C is running, and the pool is clean. It was
planned as a 3/2 house, but it would be rather easy to change this configuration. Because the front house is higher (flood zone x), it only had minor water intrusion, which has been professionally restored. Myakka Valley Ranches is one of the most beautiful equestrian communities in Sarasota. The ca. 280 homes are all situated on at least 5 acres. Winding roads and nature trails provide its residents with the opportunity to walk, ride their bicycle or horse in a stunningly beautiful environment. There is even a community park (close to the listing), where one can launch a kayak, and paddle to the Upper Lake of Myakka River State Park, Florida's biggest state park at 37,000 acres. Downtown Sarasota, with its many cultural amenities, is only 40 minutes away, as are the award-winning beaches of Siesta Key. Great restaurants, shops, and good public and private schools are all within 30 minutes from "the Valley," as the locals call their slice of paradise.

A4620072

MLS ID

August 17, 2024

Listed

November 24, 2024

Updated

Map

5793 OLD RANCH RD
SARASOTA FL, 34241

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

8


Full Bathrooms

6


Half Bathrooms

2


Interior Features

Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Skylight(s), Stone Counters, Thermostat, Walk-In Closet(s)


Appliances

Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer


Laundry Description

Electric Dryer Hookup, Inside, Laundry Room


Floor Description

Carpet, Ceramic Tile, Wood


Fireplace

Yes


Fireplace Description

Living Room, Wood Burning


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric, Heat Pump

Exterior/Building Features

Lot Size

5 Acres


Exterior Features

Balcony, Lighting, Sliding Doors


Lot Features

Flood Insurance Required, Flood Zone, In County, Pasture, Private, Zoned for Horses


Architectual Style

Florida, Ranch


Roof

Shingle


Sewer

Septic Tank

School Information

High School

Riverview High


Elementary School

Lakeview Elementary

Other Property Details

Area Name

34241 - Sarasota


Taxes

$12,358


Tax Frequency

Annually


Days on Market

99


Association Fee

$54


Association Fee Frequency

Monthly


Association Amenities

Fence Restrictions, Park


Garage

Yes


Garage Spaces

5


Parking

Boat, Converted Garage, Driveway, Garage Door Opener, Golf Cart Parking, Guest, Off Street, Oversized, Parking Pad, RV Parking


View

Yes


View Description

Trees/Woods


County

Sarasota


Municipality

37S


Water Source

Well


Pool

Yes


Pool Features

Gunite, Heated, Lighting


Zoning

OUE1

Listing History

Date

Event

Price

11/24/2024

Pending

11/1/2024

Price change

$1,490,000

-7%

9/12/2024

Price change

$1,590,000

-7%

Listed by COLDWELL BANKER REALTY
Listing Contact: 941-388-3966 

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