1671 Lugano CircleNew Construction Home in Nokomis, FL
Nokomis, FL 34275 · Sarasota County
$989,999
$1,019,999
$254/sq ft
Photos of 1671 Lugano Circle
1 / 1Who is building this home?
This home is listed as built by M/I HOMES, floor plan SANTA FE. 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
Under Construction. ****SPECIAL FINANCING AVAILABLE FOR A LIMITED TIME ONLY FROM PREFERRED LENDER. RESTRICTIONS APPLY, FOR QUALIFIED BUYERS, SUBJECT TO APPLICABLE TERMS AND CONDITIONS. SUBJECT TO CHANGE WITHOUT NOTICE**** The Santa Fe is a beautifully designed two-story home offering 5 bedrooms, 3.5 baths, and a spacious 3-car garage, totaling 3,899 square feet of functional living space. As you enter the home, you'll find a flex room off the foyer. Continue through the foyer to find an open-concept layout centered around the great room, which seamlessly connects to the café and kitchen. The kitchen includes a walk-in pantry, island with double basin sink and ample counter space. Adjacent to the main living area off dual sliding glass doors, a covered lanai extends your entertaining space outdoors. The first-floor owner’s suite is a private retreat, complete with a large walk-in closet and a spa-like owner’s bath with dual vanities and a separate shower. Additional main-level highlights include a convenient mudroom with access to the laundry area, powder bath and garage. Upstairs, the home features 4 secondary bedrooms, each with a walk-in closet for plenty of storage. Two full baths, one shared and one private, provide convenience for family or guests. A spacious bonus room serves as a versatile space for a media room, game room, or additional lounge area. The second floor also includes an overlook to the great room below, adding a sense of openness to the layout. With abundant storage options, modern conveniences, and flexible spaces, this home is designed to fit the needs of modern living and those who love to entertain.
Home details and costs
- MLS number
- R4911387
- Property type
- Single Family Residence
- Build stage
- Under Construction
- Builder
- M/I HOMES
- Floor plan
- SANTA FE
- Heated square feet
- 3,899 sq ft
- Total under roof
- 5,057 sq ft
- Stories
- 2 Story
- Lot size
- 0.22 acres
- Subdivision
- Cassata Lakes
- HOA fee
- $342/quarter
- Annual property tax
- $500 (current assessment)
- Days on market
- 124 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
$7,794
$99,000 down (10%) on a $890,999 loan
- Principal and interest
- $5,632
- Property tax (estimated)
- $1,410
- Homeowners insurance
- $267
- HOA
- $114
- PMI (under 20% down)
- $371
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 $500 a year, while taxing this purchase price works out closer to $16,920. 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 124 daysWorth knowing
Past the 90-day mark is where most builders start getting more flexible on concessions, even while holding the published price.
Reduced $30,000 (3%)Worth knowing
Originally listed at $1,019,999. 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.
Still under constructionContext
The builder has money in the ground but no finished house to carry, so there is less pressure than on standing inventory. The upside is that some finish selections are usually still open.
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
- Laurel Nokomis Elementary
- Middle
- Laurel Nokomis Middle
- High
- Venice Senior High
School assignments come from the MLS and change. Confirm directly with the district before relying on them.
Other new construction homes in Nokomis
Pre-Construction19$919,000
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Move-In Ready14% off$799,999
$214/sq ft$925,887 ↓ $125,888
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M/I HOMES · WEKIVA
MLS #R4911173 · Floriwest Realty Group, Llc
Under Construction$1,024,999
$257/sq ft1563 Lugano Circle
Nokomis, FL 34275 · Cassata Lakes
M/I HOMES · Madison
MLS #R4912104 · Floriwest Realty Group, Llc
Listed by Floriwest Realty Group, Llc. 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. 1671 Lugano Circle, Nokomis, FL 34275 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.