5107 CORAL REEF WAY
About This Property
From the moment you arrive, this nearly new four bedroom home invites you into a bright, open layout designed for both relaxed Florida living and effortless entertaining. Sunlight fills the main living space while the open kitchen flows seamlessly into the dining and living areas, creating the perfect backdrop for family gatherings, game nights, and weekend brunches.
The primary suite feels like a private retreat, complete with a custom built in closet that adds both style and smart storage. Three additional bedrooms provide flexibility for guests, a home office, gym space, or a growing family, making this home one of the best values for a four bedroom property in Lorraine Lakes.
Step outside your front door and into a true lifestyle community. Lorraine Lakes is known for its resort inspired amenities including a spectacular clubhouse, lagoon style pool, splash park, fitness center, pickleball and tennis courts, basketball courts, playgrounds, and a full calendar of community events. Whether you are starting your morning with a workout, meeting friends poolside, or enjoying an evening walk through the neighborhood, this community delivers a vibrant and active way of life.
Location is another standout feature. You are just minutes from Lakewood Ranch Main Street with its dining, boutique shopping, and movie theater, UTC Mall with luxury retailers and top restaurants like Capital Grille and Seasons 52, and Benderson Park which hosts world class rowing events and scenic walking paths. The nearby Lakewood Ranch Library offers a quiet retreat for studying or remote work, while top rated schools, medical facilities, and everyday conveniences are all close by.
5107 Coral Reef Way offers the rare opportunity to own a move-in ready four bedroom home in Lorraine Lakes at an exceptional value, combining modern comfort, resort amenities, and one of the most desirable locations in the Bradenton and Lakewood Ranch area.
This is the lifestyle upgrade you've been searching for!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 2, 2026 | Price Decreased |
$489,000
↓ $6K
(1.2%) | |
| Price Decreased | |||
| Jan 28, 2026 | Listed by KW COASTAL LIVING III | $495,000 | |
| Listed by KW COASTAL LIVING III | |||
| Dec 20, 2025 | Relisted | $515,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017