16 days on rocket

1386 Ranchero Dr, Sarasota, FL, 34240

$2,150,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,796 SqFt
$1,197/SqFt
House
Schools Nearby

Location

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1386 Ranchero Dr, Sarasota$2,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Garage Door Opener, Workshop in Garage
Attached Garage1 space
Year Built1978
HeatingElectric
CoolingCentral Air
ViewPool, Trees/Woods
Private PoolYes
MLS #T3518534
Lot Size5.62 Acres
StatusActive

About 1386 Ranchero Dr

RARE OPPORTUNITY!!! Let your dreams run wild on this nearly 6 acres tranquil estate near the heart of the city. A combined square footage of 4,670+ square feet of multi-purpose buildings and living space including a 1,074 Sq Ft Barn, 1,800 Sq Ft shop/storage building and 1,796 Sq Ft single level ranch house. Build your dream home here! Dual electric meters are already on site, awaiting your dream estate to be built. Turn the original ranch home into a guest home for extended family or rent it out for additional income. ((Seller is offering $200k credit at closing to fully remodel the home’s interior, designed to suit the new owner’s personal aesthetic taste.)) Horse lovers and auto enthusiasts will envy at the well-appointed layout of the property with a completely useable 5.86 acres. This estate has endless possibilities to suit your needs and dreams. The property has mature tropical landscaping to ensure privacy including majestic hundred year old oak trees stretching across the property. Green eucalyptus and fuscia colored bougainvillea pop out from the park like forested fields backdrop. Palm trees and the seasonal flowering plants give off a relaxing tropical feel. Many established edible landscaping is located on site as well including tasty Japanese Plum trees, Grapefruit, Orange, Limes, Lemons, Palmetto berries, and a few varieties of Muscadine grape vines. The original ranch house is located within only one mile to I-75 and directly below Lakewood Ranch Golf and Country Club, in the charming country setting of Pine Valley Estates. The community offers a tranquil lifestyle while being minutes away from the University Town Center Mall & Fine Dining, Nathan Benderson Park, Fruitville Commons Winery and niche restaurants, Downtown Sarasota, Marina Jack’s, Van Wezel Preforming Arts Hall, Marie Selby Botanical Gardens, A Rated Schools, Breathtaking white sandy beaches directly on the Gulf of Mexico, countless fun activities await you in Sarasota! The quaint old world Florida home has been well maintained. It features a great floor plan with 3 bedrooms, 2 full bathrooms & oversized attached 2 car garage featuring a handy side workshop area. Large family room, high vaulted living room ceilings, screened in lanai overlooking the property, custom koi pond, & a contemporary designed Junior Olympic sized swimming pool just waiting for you to jump in and take a swim! The pool is fully surrounded by an exceptionally large pure thick travertine deck. For the Equine enthusiast is an impressive custom designed stable, with a large tack room able to accommodate 4 box stalls. (Or additional 2 car parking, and double doors offering additional room to store recreational vehicles, atvs, and a tractor if you so desire) A safe serene family compound. This is the perfect property to raise a growing family, with plenty of space to accommodate all generations. The entire property is fully fenced with 3 separate gated driveway entrances. This unique setup of the property allows you to build the home of your dreams. Use the current home as a guest house or rent it out for additional income. A large storage building suitable for the collector accommodates 11-12 cars or easily double that amount with tall ceilings that can accommodate car lifts. Also ideal for RV and boat storage or to work from home. This parcel is zoned OUE (Open Use Estate). The possibilities are endless in Pine Valley Ranches!

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Stories: 1
  • Living Area: 1,796 SqFt

Listing Office:

  • Office Name: FLAT FEE MLS REALTY
  • Office Phone: (813) 642-6030
  • Listing Agent: Stephen Hachey

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Eat-in Kitchen, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Pool, Trees/Woods
  • Exterior: Sidewalk, Sliding Doors, Storage

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Driveway, Garage Door Opener, Workshop in Garage

Virtual/3D Tour

  • Virtual Tour: 1386 Ranchero Dr

Virtual Tour

Lot Features

Lot Information:

  • Lot: Oversized Lot, Dead End Street, Paved, Private
  • Lot Size: 5.62 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Booker High School, Public Magnet Grades 9-12
  • McIntosh Middle School, Public District Grades 6-8
  • Tatum Ridge Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: I-75 to Fruitville Road (Exit 210) proceed East for 1 mile, turn left at first traffic light (Lakewood Ranch Blvd) turn right at second roundabout (onto Richardson Road) and take second left onto Ranchero Drive into the Pine Valley Estates Community.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,150,000
  • Price Per SqFt: $1,197/SqFt

HOA Fees:

  • Amount: $700
  • Frequency: Annually

Tax Information:

  • Annual Amount: $5,542
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$513.2K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

531

1386 Ranchero Dr vs Sarasota

16 DAYS ON ROCKET

-46 Days

$2,150,000

+$1.6M More

$1,197/SqFt

+$892 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $892/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #T3518534

Listing Office:

  • Office Name: FLAT FEE MLS REALTY
  • Office Phone: (813) 642-6030
  • Listing Agent: Stephen Hachey

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/29/2024, 11:19:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 01, 2012Home Sold
$275,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,542$435,530
2019$5,366$425,738
2018$5,252$417,800
2017$6,342$497,023

History based on county public records data.

Payment Calculator

$10.8K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,512

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3391673
8
/10
  • Tatum Ridge Elementary School

  • 4100 Tatum Rd

  • 2.13 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3391674
5
/10
  • McIntosh Middle School

  • 701 Mcintosh Rd

  • 3.17 miles

  • Public District Grades 6-8

High School

school-card-donut-3391675
3
/10
  • Booker High School

  • 3201 N Orange Ave

  • 6.59 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $88,547. Residents of Sarasota, FL typically earn between $35k-100k each year. Typical family type is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1386 Ranchero Dr

What is the listing price of this property?

The listing price of 1386 Ranchero Dr property is $2,150,000.

What type of property is this?

The property 1386 Ranchero Dr is a house located in Sarasota, Florida, 34240.

Is this property for sale now?

Active Listing: 1386 Ranchero Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1386 Ranchero Dr are:
Tatum Ridge Elementary School: GreatSchools Rating 8/10
McIntosh Middle School: GreatSchools Rating 5/10
Booker High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,542 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 1, 2012 for $275,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1386 Ranchero Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1386 Ranchero Dr is 1,796 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1386 Ranchero Dr is 1978.

Rocket HomesFloridaSarasota CountySarasota342401386 Ranchero Dr

This home is located at 1386 Ranchero Dr in Sarasota, FL and zip code 34240. This 1,796 square foot home, which was built in 1978, sits on a 5.62 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 13, 2024 and is currently priced at $2,150,000.

Over 30 listings were sold over their listed price in March 2024 in Sarasota, FL. In the same period over 414 listings were sold below the listed price and 87 listings were sold for the listed price. Between February 2024 and March 2024, Sarasota, FL real estate market has seen increase in the number of listings by 3.8%. While the average time on the market in March 2024 was 62 days, the median list price was $513,207.

From Rocket Homes Real Estate and based on county public records data.

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