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$749,000

For Sale - Active
15324 Shady Palms Ln, Nokomis, FL 34275
4 Beds
4 Baths
3,492 Square Feet
0.20 Acres Lot
Built in 2023
For Sale - Active
1 Units
Checked: 16 hours ago
Updated: Aug 19, 2025 at 01:24PM

Investment Summary


Monthly Cash Flow
-$1,871
Cap Rate
3.1%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.6%

Property Description


0.20 Acres Lot
Built in 2023
For Sale - Active
1 Units

Step into luxury with this exceptional Barbados model home—the largest floor plan ever offered in Palmero! Featuring 4 bedrooms, an office (or optional 5th bedroom), 4 full bathrooms, and nearly $100,000 in premium upgrades, this spacious two-story residence sits on a prime dead-end street with no front or rear neighbors. The oversized lot offers expanded space on both sides and plenty of room to add your dream pool or spa. With two HVAC systems for enhanced comfort, this home is built for both beauty and practicality. The main floor welcomes you with bright open spaces, crown molding, laminate wood flooring, and impact-rated sliding doors that open to tranquil preserve views. The chef’s kitchen is the heart of the home, boasting a large island with extra storage, double-door pantry, stylish two-tone cabinets, a Moen Sense™ stainless faucet, and a full-size Kohler sink. A separate office with double doors, flexible bonus room with tray ceiling, and multiple storage closets make this home as functional as it is elegant. Upstairs, you’ll find four spacious bedrooms, three full baths, and a versatile loft/game room perfect for entertainment or relaxation. The luxurious primary suite features a private balcony, garden tub, walk-in shower, and generous walk-in closets. The Palmero gated community is loaded with resort-style amenities including a heated pool and spa, basketball and sand volleyball courts, fire pits, dog park, and a 1.34-mile nature trail—all with low HOA fees and no CDD. Located just minutes from Oscar Scherer State Park, Nokomis Beach, Legacy Trail, Sarasota Memorial Hospital, and top-rated schools, this home offers the perfect blend of privacy, convenience, and luxury. Priced below market value, it’s a rare opportunity for buyers seeking a newer, larger home in a fantastic location with room to grow. Schedule your private showing today—this one won’t last!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Castle group/ Brittany Pendleton
  • HOA Fee: $520/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0163060032
  • Lot Size: 8876 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2023

Tax Information

  • Annual Tax: $7,455

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump
  • Cooling: Central Air

Location

  • County: Sarasota

Listing Details


Listed by:
Pan Steele
COLDWELL BANKER REALTY
(941) 702-0202

Source:
Stellar MLS
MLS#: A4660053
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,871
Cap Rate
3.1%
Cash-on-Cash Return
-13.0%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.6%

Purchase Details

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Purchase price:
$749,000
Amount financed:
-$599,200
Down payment:
$149,800
Closing costs:
$22,470
Rehab costs:
$0
Initial cash invested:
$172,270
Square feet:
3,492
Cost per square foot:
$214
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$599,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,837
Property tax:
$621
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,738

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$621-$7,456
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (4%)
4%-$173-$2,076
Total operating expenses: (45%)
45%-$1,794-$21,532

Cash Flow


Monthly Yearly
Net operating income:
$1,966 $23,592
Mortgage payments:
-$3,837 -$46,044
Cash flow:
$1,871 $22,452