by Global Lifestyle Properties

See Home Value
$925,000
● House - Off Market

1016 SCHERER WAY

OSPREY, FL 34229
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,921 Ft²
$5,234
Est. Monthly
$115
HOA / Fees

About This Property

BEAUTIFUL INSIDE and exceptionally well maintained, this Rivendell home offers the kind of upgrades, efficiency, and outdoor living that are becoming increasingly hard to find. This Luxurious home is situated on a large beautifully landscaped, lake front lot with a Southeast Exposure overlooking Oscar Scherer State park!

The interior layout is spacious and functional, featuring tile flooring throughout the main living areas and carpet in the bedrooms for comfort. A dedicated front office connects directly to the primary suite, creating a flexible space ideal for working from home, a sitting room, or even a private retreat. High ceilings and an open flow between the living spaces enhance the overall feel, while the home's condition reflects true pride of ownership.

Step outside and the property truly separates itself. The heated pool has been resurfaced with Pebble Tec and features a solar heating system that was just replaced in 2024, providing year-round enjoyment with energy efficiency. The outdoor space is further enhanced with hurricane roll-down protection, an outdoor stereo system, and a removable baby safety fence-offering both entertainment and peace of mind.

Major updates have already been handled, including a BRAND NEW ROOF in 2025 with a transferable 20-year warranty and TWO NEW A/C systems installed in 2025. The home also benefits from an irrigation well, helping maintain the lush landscaping while keeping water costs zero. Total electric costs have remained under $2,400 annually for the entire property, showcasing impressive efficiency for a home of this size.

Additional features include a mini-split A/C system in the garage paired with an insulated garage door-perfect for a workshop, gym, or climate-controlled space-as well as a large safe that conveys with the sale.

Rivendell residents enjoy a well-rounded lifestyle with low HOA fees that include  a heated community pool, playground, and scenic recreational trails-all with no CDD fees. The community offers a rare private path directly to Pine View School  and borders Oscar Scherer State Park along with over 200 acres of preserved land, creating a unique blend of convenience and natural surroundings.  The home is near both Siesta and Nokomis Beaches, Costco, and loads of shopping and restaurants. Home is situated less than a mile from the Legacy Bike Trail. Minutes to the distinguished Pine View School, the #1 rated public gifted college-prep school in Florida.

This is a rare opportunity to own a move-in-ready home where the major expenses have already been taken care of-offering a combination of condition, upgrades, and outdoor lifestyle that is hard to match. Book your private showing now to see this property for yourself!
Unit Size
2,921 Ft²
Days on Market
71 days
Land Size
0.22 acres
Price per sqft
$325
Property Type
House
Property Taxes
$453
HOA Dues
$115
Year Built
2003

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Last updated: 4 months ago (Stellar MLS #A4687161)

Price History

Date / Event Date Event Price
Jun 8, 2026 Sold
Sold
Mar 31, 2026 In contract -
In contract
Mar 24, 2026 Listed by RE/MAX ALLIANCE GROUP $950,000
Listed by RE/MAX ALLIANCE GROUP
Jan 26, 2004 Sold
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 570
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 9,750
  • Total Building Area: 3,491
  • Gross Building Area: 3,491
  • Building Area: 2,921
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,921
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVENDELL UNIT 5 THE WOODLANDS
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 109 RIVENDELL UNIT 5 THE WOODLANDS

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 002101

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 32A
  • Account Number: 0150010019
  • Subdivision Tract Number: 2853
  • Parcel: 0150-01-0019
  • Lot: 109
  • Meridian: SEC 11 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.1881
  • Longitude: -82.4663

    Address

  • Full Address: 1016 Scherer Way
  • Legal Unit: 5
  • Address - House Number: 1016
  • Address - Street Name: Scherer
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Osprey
  • Carrier Code: R010
  • 4-Digit Zip Code: 6869
  • Zip Code: 34229

Valuation

    Tax

  • Total Area: 4,121
  • Tax Year: 2023
  • Tax Amount: $501,403
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 1,000,977
  • High Value: 1,194,327
  • Low Value: 807,627

    Market Valuation

  • Market Total Value: $677,000
  • Market Land Value: $158,400
  • Market Improvement Value: $518,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $413,228

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 23, 2004
  • Current Sale Recording Date: Jan 26, 2004
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2004013975
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rivendell


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Frequently Asked Questions

When was property at 1016 Scherer Way built and last sold?
The property at 1016 Scherer Way was built in 2003 and last sold on Jan 23, 2004 for $531,200.
How much is this home worth?
The estimated value of the home located at 1016 Scherer Way is $0.
What are some comparable homes to 1016 Scherer Way?
There are currently no comparable homes to 1016 Scherer Way.