5223 Balmor TerraceNew Construction Home in North Port, FL
North Port, FL 34288 · Sarasota County
$669,900
$699,900
$231/sq ft
Photos of 5223 Balmor Terrace
1 / 30About this home
Virtually Staged. Built for Florida living. This is an exceptional opportunity to own a spacious, custom-built 2025 home offering nearly 2,900 square feet of living space on an oversized double lot. Now offered at $674,900, this impressive 3-bedroom, 2-bath Plus Den residence combines quality construction, generous living space, substantial upgrades, and no HOA fees. Offering 2,899 square feet of living area and 4,278 total square feet, the home features an oversized three-car garage with extra-tall garage doors, a large driveway with abundant additional parking, and high-impact windows and doors throughout. Additional upgrades include a Generac whole-house backup power system with a 500-gallon propane tank, whole-house water filtration system, tankless propane water heater, and an extra-large covered lanai ideal for enjoying Florida's outdoor lifestyle. Situated on a double lot in a desirable North Port neighborhood convenient to shopping, dining, entertainment, recreation, and the growing Wellen Park area, this home offers exceptional space and flexibility without the expense of HOA fees. With a final builder cost of approximately $860,000, this property is now offered substantially below its construction cost. Comparable new homes in nearby Wellen Park can exceed $1 million, making this custom home an opportunity that deserves a closer look. Come experience the space, quality, and value of this exceptional North Port home for yourself.
Home details and costs
- MLS number
- N6145325
- Property type
- Single Family Residence
- Build stage
- Move-In Ready
- Heated square feet
- 2,899 sq ft
- Total under roof
- 4,278 sq ft
- Stories
- 1 Story
- Lot size
- 0.47 acres
- Subdivision
- Blk 2529 51st Add To Port Charlotte FL 34288
- HOA fee
- No HOA
- Annual property tax
- $1,046 (current assessment)
- Days on market
- 65 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
$5,259
$66,990 down (10%) on a $602,910 loan
- Principal and interest
- $3,811
- Property tax (estimated)
- $930
- Homeowners insurance
- $267
- PMI (under 20% down)
- $251
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 $1,046 a year, while taxing this purchase price works out closer to $11,158. 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?
Here is what this listing's numbers say about the builder's position.
On the market 65 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Reduced $30,000 (4%)Worth knowing
Originally listed at $699,900. A builder that has already cut once has acknowledged the first number did not work. That is a different conversation than one who has never moved.
Finished and standingWorth knowing
A completed home with a Certificate of Occupancy is inventory, not a future sale. Builders treat standing inventory very differently from a lot they have not broken ground on.
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
- Atwater Bay Elementary
- Middle
- Woodland Middle School
- High
- North Port High
School assignments come from the MLS and change. Confirm directly with the district before relying on them.
Virtual tour
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Listed by Fine Properties. 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. 5223 Balmor Terrace, North Port, FL 34288 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.