CENTURY 21 Edge
$649,900$725,0003 bd2.5 ba2,640 sqft$246 /sqft$4,494 /mo all-in ↓

5515 DOWNHAM MEADOWS, SARASOTA, FL, 34235

Active160 days on marketListed Feb 24, 2026MLS #A4681324

Reduced $75KWaterfrontPrivate poolSingle Family ResidenceDEVONSHIRE PLACE

About this home

5515 DOWNHAM MEADOWS

Curb appeal begins at the street with beautifully selected driveway pavers that create an inviting approach and set the stage for what awaits inside. Step through the double-door entry and you are immediately drawn to sweeping views—across the expansive lanai and solar-heated pool and spa, over the tranquil lake that winds through The Meadows, and onward to the lush fairways of the golf course. * * * Offering 3 bedrooms, 2.5 baths, and 2,640 square feet under air, this thoughtfully designed residence provides a comfortable and highly functional layout ideal for both everyday living and entertaining. The primary suite is privately situated apart from the secondary bedrooms, creating a peaceful retreat, while the guest bedrooms at the opposite end of the home offer flexibility and privacy for family or visitors. * * * Multiple living spaces enhance the home’s versatility, including formal living and dining rooms, as well as a spacious great-room style family room that includes a casual dining area just off the kitchen. A striking coral stone fireplace serves as a beautiful focal point in the family room, adding warmth, character, and architectural interest to the space. * * * The kitchen is light and bright, featuring white cabinetry and light gray countertops that create a fresh, timeless feel. Abundant, well-designed cabinetry surrounds the cook, offering exceptional storage and an efficient layout that makes meal preparation both comfortable and convenient. * * * Outdoor living is equally impressive. The large screened lanai, solar-heated pool, and spa provide the perfect backdrop for relaxing afternoons, evening swims, or entertaining friends while taking in picturesque water and golf course views. The seamless indoor-outdoor flow embodies the very best of the Florida lifestyle. * * * Residents of The Meadows enjoy one of Sarasota’s most established and amenity-rich communities, known for its scenic lakes, miles of walking and biking trails, golf and social opportunities, and convenient proximity to University Town Center, I-75, downtown Sarasota, and renowned Gulf Coast beaches. * * * A home that combines generous living spaces, exceptional views, and an outstanding location—an opportunity not to be missed.

Facts & features

The home at a glance

3

Bedrooms

2.5

Bathrooms

2,640

Sqft

0.3 ac

Lot size

2

Garage

1992

Year built

One

Levels

$246

Per sqft

Private poolWaterfrontFireplaceGolf Course & Pool & Water viewPets allowed

Inside

FlooringCarpet · Terrazzo · Tile · Hardwood
AppliancesDishwasher · Disposal · Dryer · Microwave · Range · Refrigerator · Washer
InteriorCathedral Ceiling(s) · Ceiling Fan(s) · High Ceilings · Kitchen/Family Room Combo · Primary Bedroom Main Floor · Split Bedroom · Tray Ceiling(s) · Walk-In Closet(s) · Window Treatments
LaundryInside · Laundry Room
CoolingCentral Air
HeatingElectric

Outside & construction

RoofTile
ConstructionBlock · Stucco
FoundationSlab
ViewGolf Course · Pool · Water
FacesSouth
ParkingDriveway · Garage Door Opener
ExteriorSliding Doors

Community & fees

HOA fee$193/mo
Taxes (2025)$4,691/yr
PetsYes

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Connected · Public · Sewer Connected · Water Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.

$4,494 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$3,507
PMI (est., until 20% equity)$244
Property tax — 2025 actual bill$391
HOA fee — from the listing$193
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $64,990Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $64,990
Interest rate6.00%
Loan term

Estimated payment

$4,494/mo

Principal & interest$3,507
PMI (est., until 20% equity)$244
Property taxes (actual bill)$391
HOA / condo fee$193
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

List $650K
$504KedgeAI estimate $866,636 · range $525K$914K$951K

vs edgeAI estimate

−25%

$/sqft vs Sarasota actives

$246 vs $343

Days on market

160 vs 58 typical

Where $246/sqft sits among the 400 Sarasota actives

220 · this home
61
37
32
20
30
$158–378$378–597$597–816$816–1035$1035–1254$1254+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Sarasota

Map of 5515 DOWNHAM MEADOWS

Drive times from this address

Downtown Tampa58 min
Tampa Int’l Airport (TPA)68 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Sarasota. See the full Sarasota guide →

SARASOTA 34235 — neighborhood snapshot

Population

15,114

Median age

57.6

Median income

$72,948

Median home value

$338,200

Avg household

2.12

Households w/ children

1,116

For the school run

Sarasota County School District

ElementaryGocio Elementary School★★★★
MiddleBooker Middle School★★★★
HighBooker High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Sarasota market

Seller’s marketBalanced5.4 months of inventoryBuyer’s market

$475K$495K

Sarasota median sold, yr/yr

95.2%

Sale-to-list ratio (12 mo)

152 of 400

Sarasota actives have cut their price

Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 183% above the SARASOTA 34235 median. See the full Sarasota market guide →

Paper trail

This home's history

CurrentPrice reduced to $649,900 $75K
Feb 24, 2026Listed at $725,000 · 160 days on market since
1992Built · DEVONSHIRE PLACE

Reality check

What actually sold near 5515 DOWNHAM MEADOWS

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

5531 DOWNHAM MEADOWSSold · Apr ’26

$665,000

5531 DOWNHAM MEADOWS · same community

3 bd · 2 ba · 2,004 sqft · $332/sqft · 98 DOM

1165 VEREDA VERDESold · Jun ’26

$870,000

1165 VEREDA VERDE

4 bd · 2 ba · 2,710 sqft · $321/sqft · 2 DOM

760 RELLIM LN. LANESold · Dec ’25

$550,000

760 RELLIM LN. LANE

4 bd · 3 ba · 2,414 sqft · $228/sqft · 4 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Cindy Fernandez

Your agent

Cindy Fernandez

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 5515 DOWNHAM MEADOWS — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 5515 DOWNHAM MEADOWS — before you fall in love.

See it in person

Schedule a tour

Live availability from Cindy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

5515 DOWNHAM MEADOWS FAQs

What would the monthly payment be for 5515 DOWNHAM MEADOWS?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,494/mo — principal and interest, the actual property-tax bill, the $193/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

How much are the HOA fees at 5515 DOWNHAM MEADOWS?+

The association fee works out to $193 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 5515 DOWNHAM MEADOWS?+

The most recent tax bill on record (2025) was $4,691. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 5515 DOWNHAM MEADOWS?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Sarasota?+

At $649,900, this home is listed about 14% above the Sarasota median of $570,000. The market section on this page shows how the area is trending.

Which schools are assigned to 5515 DOWNHAM MEADOWS?+

Gocio Elementary School (elementary), Booker Middle School (middle), Booker High School (high) — Sarasota County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Positioned at the premium end

$649,900 runs 183% above the SARASOTA 34235 median — but at 2,640 sqft it's also 58% larger than the typical Sarasota listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

160 days on market against a Sarasota median of 58 — sellers in this position are usually ready to negotiate.

04The price has already moved

Listed at $725,000, now $649,900 — a $75K cut. The full history is in the market section below.

Listing courtesy of COLDWELL BANKER REALTY · Marilyn Kneafsey. MLS #A4681324.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

Never miss a listing

New Sarasota homes, in your inbox

Like 5515 DOWNHAM MEADOWS but not quite? A daily digest of every new listing in Sarasota — straight from the MLS, hours after it goes live. Unsubscribe anytime.

Just watching this one home? Ask Cindy to ping you on any price or status change →

CENTURY 21 Edge
© 2026 CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Sunseria Real Estate Group LLC d/b/a CENTURY 21 Edge fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Century 21 Real Estate LLC nor any of its affiliated companies.

MLS® Disclaimers

Stellar MLS / MFRMLSCopyright © MFRMLS.com. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated August 3, 2026 at 4:37 PM UTC. The listing information on this page last changed on August 3, 2026 at 4:37 PM UTC. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS. Updated on August 3, 2026 at 4:37 PM UTC.

StellarMLS DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. §512, the DMCA, provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owners behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Southeast Florida MLSCopyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law. Data Last Updated: August 3, 2026 at 4:37 PM UTC.

Space Coast AORThese listings are provided by the IDX Program of Brevard County, Florida. Real Estate listings held by brokerage firms other than CENTURY 21 Edge Central Florida are marked with the IDX Logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers'' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Beaches MLSAll information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer''s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.