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5238 CORAL REEF WAY

House Active With Contract
$679,900

BTC: 10.79206349

ETH: 389.40435281

4 days
3 bds
3 ba
2,202 sqft

Overview

Under contract-accepting backup offers. Welcome to the Florida lifestyle you've been waiting for. Built in 2023, this beautifully upgraded Marsala model in the sought-after gated community of Lorraine Lakes at Lakewood Ranch offers 3 bedrooms, 3 bathrooms, a private den with French doors, and the perfect blend of comfort, style, and resort-inspired living. Inside, you'll find an open-concept design with tile flooring throughout the main living areas, plantation shutters, a custom electronic sunshade on the lanai slider, designer light fixtures, upgraded ceiling fans, quartz countertops, stainless steel appliances, under-cabinet lighting, natural gas cooking, and a built-in wine cooler ready for entertaining. The spacious owner's suite features custom-built closet shelving and a relaxing retreat at the end of the day. Step outside to your private backyard oasis featuring a custom heated saltwater pool with sun shelf, bubbler, lighting package, large covered lanai, and lush tropical landscaping enhanced with mature Areca palms for added privacy. Western rear exposure creates the perfect setting for enjoying Florida's spectacular sunsets. Additional upgrades include epoxy garage flooring, ceiling-mounted storage, an upgraded electrical panel, natural gas generator hookup, phantom screen entry door, hurricane shutters, and more. Enjoy maintenance-friendly living with lawn care, irrigation, cable, internet, gated security, and access to Lorraine Lakes' exceptional amenity center featuring resort-style pools, fitness center, tennis, pickleball, indoor basketball, restaurant, bar, social events, and more. Conveniently located near Waterside Place, UTC shopping and dining, top-rated schools, and some of Florida's most beautiful Gulf Coast beaches. Every day feels a little more like a vacation here.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
2023
Lot:
0.16 Acres
Heating:
Heat Pump / Natural Gas
Price/sqft:
$309
Cooling:
Central Air
HOA:
$855

Valuation

Our model vs. what's actually selling nearby.
Estimate
$635,000
$494K – $893K
Confidence Low
List vs. estimate
$44K above estimate
List $679,900 · +7.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$308
+11.2% vs. city median $277
Based on
127 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,830
2025
HOA
$855/qtr
Pool
In Ground
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Heat Pump

    • Natural Gas

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Tankless Water Heater

    • Washer

    Other interior features

    • In Wall Pest System

    • Open Floorplan

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Hurricane Shutters / Irrigation System / Sliding Doors

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 581251059

    • Zoning: RES

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Cable Connected

    • Electricity Connected

    • Natural Gas Connected

  • Other financial information

    • HOA: $855

    • HOA Frequency: Quarterly

    • Annual tax amount: $8,830

  • Source details

    • MLS ID: A4693928

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Pool Features: In Ground

    • Direction Faces: East

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2202

    • Water Source: Canal/Lake For Irrigation / Public

    • Subdivision Name: LORRAINE LAKES PH IIB-3 & IIC

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY