116 Shady Edge LoopNew Construction Home in Nokomis, FL
Nokomis, FL 34275 · Sarasota County
$522,420
$526,150
$203/sq ft
Photos of 116 Shady Edge Loop
1 / 17Who is building this home?
This home is listed as built by Meritage Homes, floor plan Prato. 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. Brand new, energy-efficient home available by Aug 2026! Convert the flex room off the foyer into a home office or formal dining space. The second-floor laundry room provides convenient access and plenty of extra storage space. Enjoy relaxing in the upstairs loft and entertaining on the extended lanai. New energy-efficient move-in ready homes in Nokomis, FL include a washer, dryer, fridge, and whole home blinds, plus they can be closing-ready in 60 days or less–guaranteed. Have it all: Relax in your private primary suite, enjoy the covered back patio, and experience resort-style amenities, all with easy access to Venice and Sarasota. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.
Home details and costs
- MLS number
- TB8531981
- Property type
- Single Family Residence
- Build stage
- Under Construction
- Builder
- Meritage Homes
- Floor plan
- Prato
- Heated square feet
- 2,574 sq ft
- Total under roof
- 3,122 sq ft
- Stories
- 2 Story
- Lot size
- 0.14 acres
- Subdivision
- Magnolia Bay
- HOA fee
- $12/mo
- Annual property tax
- $1 (current assessment)
- Days on market
- 87 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
$4,155
$52,242 down (10%) on a $470,178 loan
- Principal and interest
- $2,972
- Property tax (estimated)
- $709
- Homeowners insurance
- $267
- HOA
- $12
- PMI (under 20% down)
- $196
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 a year, while taxing this purchase price works out closer to $8,504. 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 87 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Reduced $3,730 (1%)Worth knowing
Originally listed at $526,150. 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.
Virtual tour
View the virtual tour for 116 Shady Edge Loop→Other new construction homes in Nokomis
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Listed by Meritage Homes of FL 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. 116 Shady Edge Loop, Nokomis, FL 34275 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.