5378 Royal Palm AVENUE, #5378, Sarasota, FL, 34234 | $265,000

This villa is a rare find, featuring a remodeled 2BR 2BA layout with a beautiful enclosed rear lanai and an outside wrap-around patio designed for outdoor Florida living. The privacy fence across the backside adds to the allure of this property, while the new Florida foliage and outside lighting create a tranquil atmosphere for relaxation. Among the 12 villas in the community, this property stands out with its cathedral ceilings and three skylights (BRAND NEW ROOF AND SKYLIGHTS 2025). The kitchen is elegantly designed with granite countertops, stainless appliances, and a large sink, while matching ceramic tile extends throughout the home as well as the spacious enclosed lanai with storage and hurricane shutters. Both bathrooms feature higher toilets, and a unique atrium off the Master Bathroom adds a touch of charm. An additional outside metal shed provides extra storage space. This property offers both charm and practicality, making it an appealing choice for those seeking a home in Sarasota. Experience the best of both worlds. Nestled in the city’s art district, this peaceful and quiet community offers easy access to downtown and Sarasota's attractions, including the Ringling Museum, Ringling College, Van Wezel Performing Arts Hall, Asolo Theatre, Sarasota Airport, and Lido Beach. Furthermore, the property benefits from an HOA fee covering the roof, and property remained unscathed by hurricanes, making it a secure investment. Notably, this community is not age-restricted, and owner occupants are allowed up to two domestic pets weighing up to 35lbs each (dogs and cats). Hot Water Heater (2022). Come live the Florida lifestyle you've been dreaming of.

Features

  • Amenities: Pool
  • Rooms: 9
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Closet
  • Year Built: 1986
  • Garage: Common
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 930
  • Est. Taxes: $2,372
  • HOA Fee: $605 Monthly
  • Lot Desc: City Lot, Sidewalk
  • View: Garden, Trees/Woods
  • Pet Policy: Cats OK, Dogs OK, Number Limit, Size Limit, Yes
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • MLS#: A4644802
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4644802/5378royalpalmavenue_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 4/28/2025 7:17:09 PM)
Listing courtesy of EXP REALTY LLC   Phone: 888-883-8509

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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5378 Royal Palm AVENUE, #5378, Sarasota, FL, 34234

$265,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $212,000 $212,000 $212,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.995% 7.037% 6.066%
Monthly Tax Payment $198 $198 $198
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,323 $1,393 $1,760
Total Monthly Payment $1,596 $1,666 $2,033

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.