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About this home
5132 Coral Reef Way is a 2022-built home in Lorraine Lakes Ph I, Bradenton. Inside you'll find 4 bedrooms, 3 bathrooms, and 2,016 square feet of living space. Listed at $675,000 (about $335/sqft), 130 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $454.75 quarterly.
Don't miss this exceptional four-bedroom, three-bathroom pool home located within the highly sought-after Lorraine Lakes community in Lakewood Ranch. Offering the perfect blend of luxury living and investment potential, this property presents a rare opportunity to own a beautifully appointed home with immediate rental income already in place. The thoughtfully designed floor plan features spacious open-concept living areas, abundant natural light, and a seamless flow between the living room, dining area, and gourmet kitchen. Complete with modern finishes, ample cabinetry, and a large center island, the kitchen serves as the heart of the home and is ideal for both everyday living and entertaining. The split-bedroom layout provides privacy and functionality, while the spacious primary suite offers a relaxing retreat with an en-suite bathroom and generous walk-in closet. Three additional bedrooms and two full guest bathrooms provide ample space for family, guests, or tenants. Step outside to your private backyard oasis, where a sparkling screened pool overlooks peaceful lake views. Whether enjoying a morning coffee on the lanai or unwinding after a long day, the outdoor living space captures the very best of the Florida lifestyle. Located within the gated, resort-style community of Lorraine Lakes, residents enjoy access to an impressive array of amenities, including a clubhouse, resort pool, fitness center, tennis courts, pickleball courts, walking trails, and more. Conveniently situated near shopping, dining, top-rated schools, medical facilities, golf courses, and the Gulf Coast's beautiful beaches, this location continues to attract homeowners and tenants alike. The property is currently tenant occupied through March 2027, providing immediate rental income and a turnkey investment opportunity in one of the nation's top-selling master-planned communities. Whether you're looking to expand your investment portfolio, or secure a future primary residence while generating income in the meantime, this home offers both strong rental appeal and long-term value. Don't miss your opportunity to own this stunning lakefront pool home in one of Lakewood Ranch's premier communities.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$675,000
$335 per sq ft
Beds and baths
4 beds, 3 baths
Size
2,016 sq ft
Time on market
130 days
Year built
2022
Monthly payment
About $4,736/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $8,715 annual tax bill, insurance, and the $454.75/qtr HOA fee.
HOA fee
$454.75/qtr
Managed by Icon Management / Annie Marlow.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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