When was property at 5554 New Covington Drive built and last sold?

The property at 5554 New Covington Drive was built in 2000 and last sold on Jun 3, 2021 for $515,000.

How much is this home worth?

The estimated value of the home located at 5554 New Covington Drive is $0.

What are some comparable homes to 5554 New Covington Drive?

There are currently no comparable homes to 5554 New Covington Drive.

Sarasota

34233

Covington Place

5554 NEW COVINGTON DRIVE

$725,000

● House - Off Market

5554 NEW COVINGTON DRIVE

SARASOTA, FL 34233

4 Beds

3 Baths

2,629 Ft²

$4,430

Est. Monthly

$150

HOA / Fees

4.88%

Cap Rate

About This Property

JUST REDUCED – NOW $750,000! This beautifully upgraded 4-bedroom, 3-bathroom Sarasota home offers the perfect combination of luxury, energy efficiency, and location-just 5 miles from Siesta Key Beach and located in an A-RATED SCHOOL DISTRICT with NO FLOOD ZONE and NO HURRICANE EVACUATION ZONE. The CHEF-DESIGNED KITCHEN features VIKING APPLIANCES, Cambria quartz countertops, and a Kohler cast-iron farmhouse sink. The FULLY OWNED SOLAR SYSTEM provides significant energy savings, while IMPACT-RATED WINDOWS AND FRONT DOOR offer storm protection and lower insurance costs. Enjoy a HEATED POOL AND SPA in a private, fully fenced backyard, along with a spacious 3-CAR GARAGE, a NEWER ROOF (2018), and elegant Riva of Spain WOOD-LOOK PORCELAIN TILE FLOORS throughout. This home sits on a quiet corner lot in a family-friendly neighborhood with easy access to I-75, Clark Road, UTC, and world-famous beaches. Sellers are targeting a MAY CLOSING. Don't miss this rare opportunity to own a truly MOVE-IN-READY home packed with premium upgrades at a competitive price. Schedule your showing today!

Unit Size

2,629 Ft²

Days on Market

182 days

Land Size

0.21 acres

Price per sqft

$285

Property Type

House

Property Taxes

$597

HOA Dues

$150

Year Built

2000

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Stellar MLS #A4634436)

Price History

Date / Event	Date	Event
Jul 7, 2025	Sold	Premium
Sold
Apr 23, 2025	In contract	-
In contract
Apr 13, 2025	Price Decreased	$750,000 ↓ $25K (3.2%)
Price Decreased
Mar 25, 2025	Price Decreased	$775,000 ↓ $24K (3%)
Price Decreased
Mar 11, 2025	Price Decreased	$799,000 ↓ $50K (5.9%)
Price Decreased
Jan 3, 2025	Listed by PREFERRED SHORE LLC	$849,000
Listed by PREFERRED SHORE LLC
Jun 14, 2021	Sold	Premium
Sold
Apr 6, 2021	Listed by PREFERRED SHORE LLC	$499,900
Listed by PREFERRED SHORE LLC
Nov 20, 2000	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

With View

Building Info

Overview

General

Year Built: 2000

Effective Year Built: 2010
Building Count: 1
Total Rooms: 8
Bedroom Count: 4
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 2
Building Condition: 6
Building Quality: 5
Construction Type: 12
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 3
Roof Shape Type: 8
Roof Cover Type: 15
Floor Count: 200
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 644
Parking Space Count: 2
Patio Type: 5
Porch Type: 111
Pool Type: 8
Location Influence Type: 125

Dimensions

Lot Size Square Feet: 9,200

Total Building Area: 3,273
Gross Building Area: 3,329
Building Area: 2,629
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 2,629
Heating Fuel Type: 0

Utilities

Sewer System: 1

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: COVINGTON PLACE, UNIT 1
Land Acres: 0000000211
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 001
Legal Description 1: LOT 24 COVINGTON PLACE UNIT 1

Neighborhood

School District Name: Sarasota County School District

School Tax School District: A055 F052 G054
Census Tract: 001511

Zoning

Zoning: RSF4

Geography

Assessors Map Reference: 29A

Account Number: 0094060031
Subdivision Tract Number: 2790
Parcel: 0094-06-0031
Lot: 24
Meridian: SEC 12 TWN 37S RNG 18E
Municipality: SARASOTA COUNTY
Latitude: 27.273
Longitude: -82.4583

Address

Full Address: 5554 New Covington Dr

Legal Unit: 1
Address - House Number: 5554
Address - Street Name: New Covington
Address - Suffix Type: Dr
State: FL
City Name: Sarasota
Carrier Code: R054
4-Digit Zip Code: 5211
Zip Code: 34233

Valuation

Tax

Total Area: 3,464

Tax Year: 2023
Tax Amount: $681,408
Tax Rate Code Area: 0100

Appraisal Valuation

Standard Deviation: 0.1918

Valuation Date: Jan 10, 2024
Confidence Score: 74
Final Value: 769,532
High Value: 917,196
Low Value: 621,868

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Financing Type:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $571,000

Market Land Value: $115,300
Market Improvement Value: $455,700

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $571,000
Assessed Land Value: $115,300
Assessed Improvements Value: $455,700

Exemptions

Veteran Exemption: Yes

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jun 03, 2021

Current Sale Recording Date: Jun 14, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2021110753
Previous Sale Recording Date: Nov 20, 2000
Previous Sale Contract Date: Nov 15, 2000
Previous Sale Amount: $186,800
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Covington Place

Stats & Trends

Median Asking:

Sale Price/ft²

Above Asking

0.00%

Average Days on Market

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$3,600 /mo

3 Beds
2 Baths
1,535 ft²

6214 Draw Lane #4, SARASOTA, FL, 34235 Listing by C. Alison Hunter

Unit for rent at 5826 Long Shore Loop, SARASOTA, FL, 34238

$3,850 /mo

3 Beds
2 Baths
2,298 ft²

5826 Long Shore Loop, SARASOTA, FL, 34238 Listing by Michael Graf

Unit for rent at 5153 Highbury Circle, SARASOTA, FL, 34238

$3,750 /mo

3 Beds
2 Baths
2,053 ft²

5153 Highbury Circle, SARASOTA, FL, 34238 Listing by Hayley Dunford

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Marco Guadagnini
PREFERRED SHORE LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# A4634436

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

5554 NEW COVINGTON DRIVE

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Covington Place

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions