4040 CASCADE FALLS DRIVE, Sarasota, FL, 34243 | $368,000

Under contract-accepting backup offers. Beautifully maintained, furniture optional, 2 bedroom plus den, 2-bathroom, 2 car garage home in a desirable 55+ community offering comfort, functionality, and key updates. This home was gently used as a second home. Enjoy peace of mind with a BRAND-NEW AIR CONDITIONER. The spacious interior features large diagonal tile flooring, creating an open, upscale feel.

The living and dining carpeted areas provide a generous layout perfect for relaxing or entertaining. Enjoy views of the spacious screened lanai and lake views through two large sliders. The screened lanai is perfect for enjoying beautiful Florida weather. A versatile carpeted office/den with double-door entry adds flexibility for hobbies or guests. The eat-in kitchen offers a gas range, refrigerator, ample cabinetry, breakfast bar, pantry and easy-care tile flooring.

The primary ensuite with lake views includes a well-sized bedroom with sliding doors overlooking the lanai. You get a walk-in closet and regular closet. The primary bathroom has higher dual sink vanity counters, linen storage, and an upgraded deep-soaking tub for a spa-like retreat. The guest bedroom features a regular closet and cozy carpeting. Guest bath includes a single sink and tub/ shower combination with updated fixtures.

All the appliances are conveying including the washer and dryer in the laundry area. Lots of storage in this home. Wired for ceiling fans.

The garage is a standout feature with storage lockers, workbench, and hanging racks — perfect for organization and projects. American Home Shield home warranty transfers to the new owner.

A wonderful opportunity to enjoy low-maintenance living in this active 55+ community. Lakeridge Falls is a 24 hour-guard gated community. It offers an updated clubhouse with grand salon for a full array of activities, state-of-art fitness center, card room, billiards room, resort style heated lap pool and spa, bocce ball courts and its own private sandy beach. Walking trails and beautiful lakes are another of its many attractive features. The community is located conveniently close to shopping at the UTC Mall, restaurants, grocery stores, coffee shops, world awarded beaches and the Sarasota airport. Your next chapter starts here, contact us today to set up a viewing.

Features

  • Amenities: Clubhouse, Fence Restrictions, Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Spa/Hot Tub
  • Rooms: 7
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 32 x 127
  • Laundry: Gas Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Year Built: 2003
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 1,576
  • Acreage: 0.09
  • Lot Size: 32 x 127
  • Est. Taxes: $2,427
  • HOA Fee: $1,114 Quarterly
  • View: Water
  • Adult Communities: Yes
  • Pet Policy: Breed Restrictions, Cats OK, Dogs OK, Size Limit, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4683490
  • Days on Market: 38 days
  • Website: https://www.raveis.com
    /prop/A4683490/4040cascadefallsdrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 5/15/2026 11:47:07 AM)

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

The Sampson & Stuart TeamSales Associates

508.221.2290

TheSampsonandStuartTeam@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

4040 CASCADE FALLS DRIVE, Sarasota, FL, 34243

$368,000

The Sampson & Stuart Team

Sales Associates

William Raveis Real Estate

Phone: 508.221.2290

TheSampsonandStuartTeam@raveis.com

Frank Merola

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.740.5922

Frank.Merola@raveis.com

NMLS Mortgage Loan Originator ID 1020051

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $294,400 $294,400 $294,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.730%
Monthly Tax Payment $202 $202 $202
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,763 $1,837 $2,404
Total Monthly Payment $2,040 $2,114 $2,681

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.