12704 Lateral Root Dr, photo 1
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Overview

4 bd3 ba2,045 sqftSingle Family
TypeSingle Family
HOA$269/mo
Built2021
Lot6,024 sqft
Living area2,045 sqft
Price / sqft$274

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Open FloorplanPrimary Bedroom Main FloorStone CountersWalk-in Closet(s)DishwasherDisposalDryerMicrowave

12704 Lateral Root Dr is a 2021-built home in Promenade Estates Ph 1, Sarasota. Inside you'll find 4 bedrooms, 3 bathrooms, and 2,045 square feet of living space. Listed at $560,000 (about $274/sqft), 1 days on market. Flood zone X* - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $269 monthly.

From the listing

Welcome to 12704 Lateral Root Drive, a beautifully maintained 4-bedroom, 2.5-bath home offering 2,045 square feet of comfortable single-story living in the desirable Promenade Estates at Palmer Ranch. Built in 2021, this thoughtfully designed home combines an open, functional floor plan with modern finishes and plenty of space for everyday living and entertaining. The open-concept kitchen, dining and living areas create an inviting gathering space, while four bedrooms provide flexibility for family, guests, a home office or hobby space. One of the standout upgrades is the owner-extended lanai, which creates a significantly larger outdoor living and entertaining area complete with a full screened cage and paver flooring—the perfect setting for outdoor dining, relaxing or entertaining while enjoying Florida’s year-round lifestyle. A two-car garage provides additional storage and convenience, while the home’s Palmer Ranch location offers easy access to shopping, dining, recreation and some of Sarasota’s most popular Gulf Coast beaches. With its spacious floor plan, upgraded outdoor living area and desirable location, 12704 Lateral Root Drive offers an excellent opportunity to enjoy the Sarasota lifestyle.

The essentials

Built
2021
Price / sqft
$274
On market
3 days
Annual tax
$5,549
HOA
$269/mo
Flood zone
X* · Low risk
Lot
6,024 sqft
Type
Single Family Residence

At a glance

Single family
Built 2021
6,024 sqft lot
Lot size
2,045 sqft
Living area

Payment

Est. monthly payment
$3,932/mo
Down payment (20%)
$112,000
Property taxes
$462/mo
HOA
$269/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2021
Lot
6,024 sqft
Cooling
Central Air
Heating
Electric
Parking
-
Days on Market
3
Open Floorplan
Primary Bedroom Main Floor
Stone Counters
Walk-in Closet(s)
Dishwasher
Disposal
Dryer
Microwave
Range
Refrigerator
Washer
Homestead exemption on file Flood Zone X*
Annual Tax (2025)
$5,549
Parcel #
0139070047

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Promenade Estates Ph 1
County
Sarasota
MLS Area
34238 - Sarasota/Sarasota Square
Lot Size
6,024 sqft
HOA
$269/mo
First Service Residential

Price history

Date
Event
Price
10/6/2026
Listed for sale
Source: Stellar MLS #A4708679
$560,000
$274/sqft

Neighborhood

12704 Lateral Root Dr
Sarasota, FL, 34238 · 34238 - Sarasota/Sarasota Square

Market insights

Offer Insights

Choose an offer strength

List price: $560,000
$545,000 – $560,000
97.1% – 100% of listTops out right at the list price
80% of listList price
85 of the last 168 home closings in 34238 landed at this number or higher (51%). The median one sat 40 days before it went under contract, and this one is on day 3.

Sample: 168 closed home sales in 34238 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$3,932/mo
Principal & interest$2,921
Property taxes$462
Insurance$280
HOA$269
Down payment20% · $112,000
Interest rate6.80%
Loan term

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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 is the fee 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

$560,000

$274 per sq ft

Beds and baths

4 beds, 3 baths

Size

2,045 sq ft

Time on market

3 days

Year built

2021

Monthly payment

About $3,932/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $5,549 annual tax bill, insurance, and the $269/mo HOA fee.

HOA fee

$269/mo

Managed by First Service Residential.

Flood zone

Zone X*

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byPREFERRED SHORE LLCListing agent: Richard TysonListing data from Stellar MLS, MLS# A4708679.

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