263 Lime CircleNew Construction Home in Sarasota, FL
Sarasota, FL 34237 · Sarasota County
$1,999,000
$752/sq ft
Photos of 263 Lime Circle
1 / 1Who is building this home?
This home is listed as built by Elegant Custom Homes. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
Pre-Construction. To be built. A custom ranch home with a high pitched metal roof and attached guest house on a 12,000 sq ft fully fenced lot on a quiet cul-de-sac, close to Sarasota downtown restaurants, shops and the Legacy Trail, an 18 1/2 mile recreational trail connecting Sarasota and the city of Venice. The trail is popoular for biking, walking and running with amenities like restrooms, playgrounds and bike repair stations. A short walk to Payne Park and the free Bay Runner trolly service that connects downtown, St. Armands Circle and Lido Beach. The home has an open floor plan with ceilings that tray up to 11'4". Sliding glass doors brining in the morning sunlight and overlooking the pool and extensive covered outdoor living space with grill area. The main house has 3 bedrooms, 2 full baths, foyer, dining room and great room. The fabulous kitchen with Viking appliancaes, custom cabinets, a large island, quartize countertops, walk-in pantry with a sink. Laundry room with washer, dryer and sink along with built in storage for hanging clothes. 2 Instant Hot water hearters (one in guest house). The attahed guest house has a living room, kitchenette, 2 bedroms, full bathroomm with 10'8" ceilings throghout and laundry with washer and dryer. and sliding glass doors overlooking the heated pool. there is also an outdoor shower.. The attached oversized 2 car garage with sink and EV charging station
Home details and costs
- MLS number
- A4562867
- Property type
- Single Family Residence
- Build stage
- Pre-Construction
- Builder
- Elegant Custom Homes
- Heated square feet
- 2,659 sq ft
- Total under roof
- 4,013 sq ft
- Stories
- 1 Story
- Lot size
- 0.28 acres
- Subdivision
- Terrace Gardens
- HOA fee
- No HOA
- Annual property tax
- $4,044 (current assessment)
- Days on market
- 1201 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$15,311
$199,900 down (10%) on a $1,799,100 loan
- Principal and interest
- $11,372
- Property tax (estimated)
- $2,924
- Homeowners insurance
- $267
- PMI (under 20% down)
- $750
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $4,044 a year, while taxing this purchase price works out closer to $35,082. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
This listing shows real leverage signals. Here is what its own numbers say.
On the market 1201 daysStrong signal
Past six months on a finished home means the builder has been carrying taxes, insurance, and interest on it the whole time. That cost is real and it is why concessions get easier the longer a home sits.
Pre-constructionContext
Nothing is built yet, so there are no carrying costs pressuring the builder. The trade is that you get design-center control and first pick of lots instead.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Assigned schools
- Elementary
- Alta Vista Elementary
- Middle
- Booker Middle
- High
- Sarasota High
School assignments come from the MLS and change. Confirm directly with the district before relying on them.
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Listed by Hanly Associates Realty. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 263 Lime Circle, Sarasota, FL 34237 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.