501 Canal Way, photo 1
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Overview

2 bd2 ba1,216 sqftSingle Family
TypeSingle Family
HOANone listed
Built1962
Lot12,717 sqft
Living area1,216 sqft
Price / sqft$616

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About this home

Built-in FeaturesCeiling Fans(s)Dry BarPrimary Bedroom Main FloorStone CountersThermostatWalk-in Closet(s)Window Treatments

501 Canal Way is a 1962-built home in Nokomis Acres Amd, Nokomis. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,216 square feet of living space. Listed at $749,000 (about $616/sqft), 346 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Nestled on a quiet canal just moments from beautiful Dona Bay, this COMPLETELY UPDATED unique waterfront home offers exceptional boating access with quick, easy passage to the Gulf . Enjoy peace of mind with numerous MAJOR updates, including a 2021 roof, hurricane-impact windows (2021), 2020 air conditioner, 2024 water heater, and all new appliances installed in 2020, plumbing re-piped and septic system (2022). The interior and exterior doors are all solid wood. The homeowners added a bio barrier to protect the pool and drain field from root intrusion. The saltwater pool was completed in 2021 (featuring a new pool pump in 2024), and is accompanied by a spacious covered lanai, pool deck and pool bar with an outdoor firepit and entertaining area perfect for relaxing after a day on the water. This is not a fix and flip, the upgrades were done with great quality and care for long term protection and enjoyment! Boating enthusiasts will appreciate the updated dock, electrical, and seawall (2021), 6,000-pound boat lift —everything needed for effortless waterfront living. Located JUST AROUND THE BEND TO DONA BAY by boat, this property offers a rare opportunity to enjoy scenic surroundings, direct water access, and a prime location near beaches, dining, and shopping. A true Florida coastal lifestyle awaits.

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The essentials

Built
1962
Price / sqft
$616
On market
346 days
Annual tax
$4,376
Flood zone
AE
Lot
12,717 sqft
Type
Single Family Residence

At a glance

Single family
Built 1962
Water views
Water
Private pool
Deck
0.29 acres
Lot size
1,216 sqft
Living area

Payment

Est. monthly payment
$4,645/mo
Down payment (20%)
$149,800
Property taxes
$365/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1962
Lot
12,717 sqft
Cooling
Central Air
Heating
Central
Parking
Covered
Pool
Deck, In Ground, Lighting, Salt Water, Tile
Days on Market
346
Built-in Features
Ceiling Fans(s)
Dry Bar
Primary Bedroom Main Floor
Stone Counters
Thermostat
Walk-in Closet(s)
Window Treatments
Fire Pit
Lighting
Bar Fridge
Dishwasher
Disposal
Dryer
Electric Water Heater
Freezer
Ice Maker
Range
Range Hood
Refrigerator
Washer
Wine Refrigerator
Homestead exemption on file Flood Zone AE
Annual Tax (2024)
$4,376
Parcel #
0405040006

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
Nokomis Acres Amd
County
Sarasota
MLS Area
34275 - Nokomis/North Venice
Lot Size
12,717 sqft
Cul-De-SacOversized Lot

Price history

Date
Event
Price
11/6/2025
Listed for sale
Source: Stellar MLS #N6141670
$749,000
$616/sqft

Neighborhood

501 Canal Way
Nokomis, FL, 34275 · 34275 - Nokomis/North Venice

Market insights

Offer Insights

Choose an offer strength

List price: $749,000
$730,000 – $749,000
97.1% – 100% of listTops out right at the list price
80% of listList price
180 of the last 359 home closings in 34275 landed at this number or higher (50%). The median one sat 40 days before it went under contract, and this one is on day 346.

Sample: 359 closed home sales in 34275 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$4,645/mo
Principal & interest$3,906
Property taxes$365
Insurance$375
Down payment20% · $149,800
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%. 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

$749,000

$616 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,216 sq ft

Time on market

346 days

Year built

1962

Monthly payment

About $4,645/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,376 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

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Brokered byCOLDWELL BANKER SUNSTAR REALTYListing agent: Lori Driscoll-KendrickListing data from Stellar MLS, MLS# N6141670.

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