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8705 S Tamiami Trl Lot 97, Sarasota, FL, 34238

1beds
1baths
510sqft
$4,000
$8price/sqft
$221/moest. monthly cost
$8,840/yrincome needed

About This Home

This one bedroom, one bath is located in a 55 Florida community and offers a great opportunity for a buyer looking to customize to your taste! The home features a simple layout with living area, kitchen space, bedroom, and full bathroom. While the home does need repairs and updates, it has strong potential for someone with a vision and a little handyman experience. A great option for affordable Florida living, whether year-round or seasonal. Reasonable offers will be considered! Royal Palms is perfectly located in the highly sought after Sarasota, FL area, where you can find and explore beaches, attractions, shopping, entertainment, restaurants and more! Royal Palms is an Active 55 Adult community- the monthly Fee Package includes: Land-lease, Water, Sewer, Trash Service, Lawn Service, Fire/Water Refuse Tax and use of Amenities for $810. (No additional taxes or fees). You are sure to find yourself right at home in no time- enjoying the Florida lifestyle! Give us a call to schedule YOUR tour today and let us welcome YOU home to Royal Palms!

Getting Around

53
WalkingSomewhat Walkable
27
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

8/10
Laurel Nokomis SchoolGrades PK-87.2 mi
6/10
Venice Senior High SchoolGrades 9-129.4 mi

Construction

Condition

  • Year built: 1962

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home,Single Family Residence

Interior

Appliances

  • Appliances included: Oven,Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 510

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 510
  • Total interior livable area: 510 sqft

Property

Details

  • On leased land: Yes
  • Lease amount: 810

Features

  • Patio & porch: Patio
  • Frontage length: 0

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Inland Flooding
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $20$240
Home Insurance *$2$24
Property Taxes $2$24
Electricity $197$2,366
Total$221$2,652
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$7,577/yr
40% on housing$6,630/yr
45% on housing$5,893/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$8This listing

vs Other Active Listings

Avg $/sqft

ZIP 34238$231
Sarasota County$346

vs Homes Sold Last Month

Median $/sqft

ZIP 34238$280
Sarasota County$245

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-16Price change$4,000
2026-01-28Listed for sale$4,800
2025-07-14Listing removed$5,999
2025-06-18Price change$5,999
2025-06-10Listed for sale$6,000
2025-04-28Listing removed$10,499
2025-04-03Price change$10,499
2025-03-21Price change$12,900
2025-03-03Price change$14,900
2025-02-21Price change$15,900
2024-12-24Listed for sale$18,000
2022-08-24Listing removed--
2022-08-16Contingent$27,500
2022-08-04Price change$27,500
2022-07-08Listed for sale$32,500
2020-11-23Listing removed$14,500
2020-10-28Pending sale$14,500
2020-07-04Price change$14,500
2020-05-19Price change$15,500
2020-04-27Price change$16,400
2020-02-25Price change$16,900
2020-02-15Listed for sale$17,500

For Sale by Agent

AgentTodd Newby
BrokerageNEWBY REALTY INC

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