5132 CORAL REEF WAY

Property Details

Description

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.

Facts & Costs

Property type

Single Family Residence

Year built

2022

Lot size

9,021 sq ft

Stories

1

Garage

2 spaces

Price per sq ft

$335

Days on market

111

Private pool

Yes

Waterfront

No

Subdivision

LORRAINE LAKES PH I

County

Manatee

Flood zone

X

Monthly & yearly costs

HOA fee

$455 / quarterly

Property taxes

$8,715 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Central

Cooling

Central Air

Flooring

Carpet, Ceramic Tile

Roof

Tile

Construction

Block, Stucco, Vinyl Siding

Parking

Driveway, Garage Door Opener

View

Water

Payment Estimate

$4,291 / month

Principal & interest

$3,413

Property taxes

$726

HOA

$152

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Dishwasher
• Dryer
• Microwave
• Range
• Refrigerator
• Washer
• Living Room/Dining Room Combo
• Open Floorplan
• Solid Wood Cabinets
• Split Bedroom
• Stone Counters
• Thermostat
• Walk-In Closet(s)
• Hurricane Shutters
• Lighting
• Rain Gutters
• Sidewalk
• Gunite
• In Ground
• Screen Enclosure