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Overview

5 bd4 ba2,830 sqft2 car garageSingle Family
TypeSingle Family
HOA$150/yr
Built2024
Lot7,102 sqft
Living area2,830 sqft
Price / sqft$194
Garage2 car

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About this home

Tray Ceiling(s)Walk-in Closet(s)SidewalkClubhouseCommunity MailboxDeed RestrictionsFitness CenterGated Community - No Guard

506 Sun Chaser Dr is a 2024-built home in Magnolia Bay, Nokomis. Inside you'll find 5 bedrooms, 4 bathrooms, and 2,830 square feet of living space. Listed at $550,000 (about $194/sqft), 161 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $150 annually.

From the listing

Better than brand new and only 2 years old, this energy-efficient San Marino floor plan by Meritage Homes is available now in the heart of Nokomis, located within a gated community for added privacy and peace of mind. What truly sets this home apart, and is rarely found in today’s market, is the combination of 5 true bedrooms, a spacious loft, and a dedicated flex room / home office, a layout that offers a level of space and flexibility most homes simply cannot match. Offering 5 bedrooms, 3.5 bathrooms, and a 2-car garage, this thoughtfully designed home features an open-concept layout with a highly desirable first-floor primary suite. As you enter, you’re welcomed by a versatile flex space and private office, leading into a beautifully appointed kitchen with 42-inch upper cabinets, quartz countertops, an under-mount sink, stainless steel appliances, and a corner pantry with custom wood shelving. The main living areas showcase modern tile flooring, while the primary suite offers plush carpeting, dual vanities, a spacious walk-in shower with seamless glass, and a large walk-in closet. Sliding glass doors open to a covered lanai overlooking a stunning water view with a preserve behind it, creating a private and peaceful setting. Upstairs, the rare layout continues with a large loft ideal for entertaining or additional living space, along with four spacious bedrooms, and two offering large walk-in closets, and two full bathrooms. Additional highlights include a large main-level laundry room, ample storage throughout, all appliances included, and full hurricane impact windows and doors for added peace of mind. Even better, this home is NOT located in a flood zone, meaning most lenders will not require flood insurance, a huge long-term savings. Current homeowner’s insurance is approximately $2,200 per year, which is extremely attractive for a home of this size and age. With an incredibly low HOA of just $150 per year, this home also offers convenient access to I-75 and is just minutes from shopping, dining, and the vibrant downtown areas of Sarasota and Venice. It is also ideally located near some of the area’s top-rated schools including Laurel Nokomis School, Venice High School, and the highly sought-after Gifted Pine View School. Residents of Magnolia Bay enjoy resort-style amenities including a clubhouse, pool, fitness center, pickleball courts, and more. This is your opportunity to own a like-new home with a floor plan and value that are truly hard to find.

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The essentials

Built
2024
Price / sqft
$194
On market
161 days
Annual tax
$9,278
HOA
$150/yr
Flood zone
X · Low risk
Lot
7,102 sqft
Type
Single Family Residence

At a glance

Single family
Built 2024
Waterfront
Lake Front
Community pool
Fitness center too
2 car garage
Garage Door Opener
7,102 sqft lot
Lot size

Payment

Est. monthly payment
$3,929/mo
Down payment (20%)
$110,000
Property taxes
$773/mo
HOA
$150/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2024
Lot
7,102 sqft
Cooling
Central Air
Heating
Electric
Parking
Garage Door Opener
Waterfront
Lake Front, Pond
Days on Market
161
Tray Ceiling(s)
Walk-in Closet(s)
Sidewalk
Clubhouse
Community Mailbox
Deed Restrictions
Fitness Center
Gated Community - No Guard
Golf Carts OK
Park
Playground
Pool
Sidewalks
Cooktop
Dishwasher
Disposal
Microwave
Range
Washer
Elementary
Laurel Nokomis Elementary
Middle
Laurel Nokomis Middle
High
Venice Senior High

Districts can re-zone, so verify directly with the district before relying on these.

In a CDD (Community Development District) Flood Zone X
Annual Tax (2025)
$9,278
Parcel #
0364050218

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
Magnolia Bay
County
Sarasota
MLS Area
34275 - Nokomis/North Venice
Lot Size
7,102 sqft
HOA
$150/yr
Magnolia Bay of Florida Homeowners Association Inc

Price history

Date
Event
Price
8/14/2026
Price change
Source: Stellar MLS #N6144206
$550,000-4.3%
$194/sqft
-
Price change
Source: Stellar MLS #N6144206
$574,900-4.2%
$203/sqft
5/5/2026
Listed for sale
Source: Stellar MLS #N6144206
$599,900
$212/sqft

Neighborhood

506 Sun Chaser Dr
Nokomis, FL, 34275 · 34275 - Nokomis/North Venice

Market insights

Offer Insights

Choose an offer strength

List price: $550,000
$535,000 – $550,000
97.1% – 100% of listTops out right at the list price
80% of listList price
173 of the last 343 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 161 after a $49,900 cut.

Sample: 343 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
$3,930/mo
Principal & interest$2,868
Property taxes$773
Insurance$275
HOA$13
Down payment20% · $110,000
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 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

$550,000

$194 per sq ft

Beds and baths

5 beds, 4 baths

Size

2,830 sq ft

Time on market

161 days

Year built

2024

Monthly payment

About $3,929/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,278 annual tax bill, insurance, and the $150/yr HOA fee.

HOA fee

$150/yr

Managed by Magnolia Bay of Florida Homeowners Association Inc.

Flood zone

Zone X

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

Offer

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Have another question?

Brokered byEVOLVE REAL ESTATEListing agent: Erik DuniganListing data from Stellar MLS, MLS# N6144206.

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