1563 Lugano CircleNew Construction Home in Nokomis, FL
Nokomis, FL 34275 · Sarasota County
$1,024,999
$257/sq ft
Photos of 1563 Lugano Circle
1 / 1Who is building this home?
This home is listed as built by M/I HOMES, floor plan Madison. 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**** Welcome to The Madison—a spacious, elegantly designed two story home that blends luxury, comfort, and modern functionality. With 5 bedrooms and 5 bathrooms, this thoughtfully crafted residence offers ample room for both relaxation and entertaining. The first floor boasts a den, off the entry; a gourmet kitchen, with well appointed finishes, premium cabinetry, and an expansive island ideal for gathering; and a lanai, off the great room, via a large sliding glass door, creating an inviting indoor–outdoor living experience perfect for Florida evenings. A second owner's suite and additional pool bath finish off the first floor. Upstairs, the owner’s suite serves as a private retreat with generous space and refined details. The second story also includes three additional bedrooms, two full bathrooms, and a versatile bonus room—ideal for a media lounge, playroom, or home office. Every corner of The Madison showcases thoughtful design and elevated style, making it a standout choice for those seeking a home that feels both elevated and welcoming.
Home details and costs
- MLS number
- R4912104
- Property type
- Single Family Residence
- Build stage
- Under Construction
- Builder
- M/I HOMES
- Floor plan
- Madison
- Heated square feet
- 3,982 sq ft
- Total under roof
- 5,149 sq ft
- Stories
- 2 Story
- Lot size
- 0.23 acres
- Subdivision
- Cassata Lakes
- HOA fee
- $342/quarter
- Annual property tax
- $500 (current assessment)
- Days on market
- 3 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
$8,058
$102,500 down (10%) on a $922,499 loan
- Principal and interest
- $5,831
- Property tax (estimated)
- $1,462
- Homeowners insurance
- $267
- HOA
- $114
- PMI (under 20% down)
- $384
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 $17,550. 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 3 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
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
$1044/sq ft424 Albee Road W Unit 101
Nokomis, FL 34275 · Hidden Gem
Bloom & Daughter · no
MLS #N6146054 · Ayers and Associates Real Estate
Under Construction3% off$989,999
$254/sq ft$1,019,999 ↓ $30,000
1671 Lugano Circle
Nokomis, FL 34275 · Cassata Lakes
M/I HOMES · SANTA FE
MLS #R4911387 · Floriwest Realty Group, Llc
Under Construction$979,999
$261/sq ft1575 Lugano Circle
Nokomis, FL 34275 · Cassata Lakes
M/I HOMES · JUNIPER
MLS #R4912069 · 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. 1563 Lugano Circle, Nokomis, FL 34275 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.