501 CANAL WAY, NOKOMIS, FL, 34275
Active309 days on marketListed Jan 2, 2026MLS #N6141670
About this home
501 CANAL WAY
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.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,216
Sqft
0.29 ac
Lot size
1962
Year built
One
Levels
$616
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$5,519 /mo · 10% down Conventional, 30-yr fixed at 7.5%
The assumptions
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
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,519/mo
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.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
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.
vs edgeAI estimate
+111.6%
$/sqft vs Nokomis actives
$616 vs $262
Days on market
309 vs 44 typical
Where $616/sqft sits among the 253 Nokomis actives
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 Nokomis
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Nokomis. See the full Nokomis guide →
NOKOMIS 34275 — neighborhood snapshot
Population
22,436
Median age
64.9
Median income
$89,369
Median home value
$473,400
Avg household
1.95
Households w/ children
1,006
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Nokomis market
$465K → $500K
Nokomis median sold, yr/yr
96.0%
Sale-to-list ratio (12 mo)
115 of 253
Nokomis actives have cut their price
Median sold price, Nokomis, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 71% above the NOKOMIS 34275 median. See the full Nokomis market guide →
Paper trail
This home's history
Reality check
What actually sold near 501 CANAL WAY
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$360,000
504 BUENA VISTA DRIVE · same community
2 bd · 2 ba · 1,227 sqft · $293/sqft · 215 DOM
Sold · Dec ’25$375,000
220 SANTA MARIA STREET UNIT 243
2 bd · 2 ba · 1,236 sqft · $303/sqft · 49 DOM
Sold · Aug ’26$690,000
555 THE ESPLANADE N UNIT 301
2 bd · 2 ba · 1,195 sqft · $577/sqft · 279 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.
Your agent
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about 501 CANAL WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 501 CANAL WAY — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
501 CANAL WAY FAQs
What would the monthly payment be for 501 CANAL WAY?+
With 10% down on a 30-year Conventional loan at 7.5%, the all-in payment lands around $5,519/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 501 CANAL WAY?+
The most recent tax bill on record (2024) was $4,376. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Nokomis?+
At $749,000, this home is listed about 47% above the Nokomis median of $509,135. The market section on this page shows how the area is trending.
Which schools are assigned to 501 CANAL WAY?+
Venice Senior High School (high), Laurel Nokomis School (elementary) — 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
$749,000 runs 71% above the NOKOMIS 34275 median.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Time on market is leverage
309 days on market against a Nokomis median of 44 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Venice Senior High School, Laurel Nokomis School — Venice Senior High School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER SUNSTAR REALTY · Lori Driscoll-Kendrick. MLS #N6141670.
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 Nokomis homes, in your inbox
Like 501 CANAL WAY but not quite? A daily digest of every new listing in Nokomis — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Nicholas to ping you on any price or status change →