7340 Palomino Trail, FL

$6,950,000

7340 Palomino Trail

Sarasota, FL 34241

Active
11
Beds
10
Baths
15,311
Sq Ft
17.08
Acres
1981
Built
WaterfrontWater accessPrivate poolIn-law suiteFireplace10-car garage17.08 acres$454/sqft
Single Family Residence

Property type

1981

Year built

744,004 sqft

Lot size

$454

Price / sq ft

$150/mo

HOA dues

194

Days on market

10

Garage spaces

A

Flood zone

About this home

Welcome to The Palomino Estate — a private, 17-acre gated oasis unlike anything else in Sarasota County. Located just 10 miles from Siesta Key Beach and 15 miles to downtown Sarasota, this extraordinary property blends resort-style living with the peace and privacy of the countryside. Set within the equestrian community of Saddle Creek, where horse enthusiasts are welcome to use the 31 miles of riding trails, this multi-residence estate offers over 15,000 sq ft under air across multiple structures, including two custom homes, a 5,000 sq ft air-conditioned “barndominium” and entertainment pavilion, and multiple garages. Behind an eight-foot perimeter fence with dual gated entries, you’ll find lush tropical landscaping, privacy berms, and nature trails weaving through the property. You can stroll through the bamboo forest and reflection garden while enjoying multiple ponds for fishing or kayaking. A raised wooden boardwalk winds through the property offering biking and hiking adventures, while a lighted pickleball, tennis, and basketball court with gazebo creates endless opportunities for recreation. In the center of the compound, a massive stone firepit anchors the grounds for gatherings under the stars. There is plenty of space to have a garden or raise livestock.This expansive estate features two custom residences with pools, plus an entertainment barn constructed of solid block. The barn includes two bedrooms, two bathrooms, a full-saloon-style bar, kitchenette, gym, sauna, golf simulator, movie theater, game room, and outdoor kitchen, creating a space that feels like a private resort. A separate air-conditioned garage with 11-foot ceilings offers space for cars, boats, equipment, and more, while another detached garage adds even more covered parking and storage.Together with the barn, the two homes offer eleven bedrooms, nine and a half bathrooms, and over fifteen thousand square feet under air (more than twenty-two thousand total), making this property ideal for multi-generational living, entertaining, or use as a private retreat.Each structure is equipped with whole-home generators, water filtration systems, and impact windows and doors, along with modern security and digital gate entry panels.Recent improvements include new roofs on every structure in 2023, resurfaced pools with travertine and flagstone decking, composite decking and railings, landscape lighting, golf simulator and sauna installations in 2023, and freshly paved asphalt and concrete driveways, and fencing for pets.The main residence offers expansive living areas, soaring ceilings, a massive stone fireplace great room, multiple en-suite bedrooms, an in-law suite with its own kitchen, and relaxing poolside views. The guest residence has been completely renovated with high quality finishes and could serve as a primary home for your extended family. It features a bright open floor plan with gourmet kitchen and second story wrap-around deck for 360-degree nature views. This home also features a private resort-style outdoor area overlooking the lake. This estate was designed for comfort, recreation, and peace of mind, with every detail crafted for privacy and long-term enjoyment.Whether used as a private family compound, equestrian hideaway, or corporate retreat,The Palomino Estate represents a property that truly has it all—green space, activities, security, luxury, and serenity—all just minutes from Sarasota's world-famous beaches, dining, and shopping.

Estimated monthly payment

Principal & interest$35,143
Property taxes$1,867
Home insurance (est.)$3,185
HOA dues$150

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history194 days on market

  1. Status: Active
    Jan 13, 2026
  2. Listed$9,500,000
    Oct 16, 2025
  3. Price reduced$6,950,000

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
194
Subdivision
Saddle Creek
County
Sarasota
Year built
1981
Living area
15,311 sq ft
Price/sq ft
$454
Building area
22,653 sq ft (Public Records)
Lot size
744,004 sq ft
Lot category
10 to less than 20
Flood zone
A (12115C0170F)
Garage
10 spaces
Pool
Private pool
Annual taxes
$22,398 (2024)
Parcel #
0277010151
Zoning
OUE
MLS #
O6352294

Interior Details

Bedrooms
11
Full bathrooms
9
Half bathrooms
1
Flooring
Luxury Vinyl, Tile
Appliances
Dishwasher, Disposal, Dryer, Exhaust Fan, Range, Refrigerator, Washer
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Smart Home, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s)
Laundry
Laundry Room
Stories / Levels
Two
Direction faces
East
Fireplace
Yes
In-law suite
Yes

Heating & Cooling

Heating
Central, Electric
Cooling
Central Air, Mini-Split Unit(s), Zoned

Parking

Garage spaces
10
Attached garage
Yes
Parking features
Circular Driveway, Driveway, Garage Door Opener, Golf Cart Garage, Golf Cart Parking, Oversized, Workshop in Garage

HOA & Financial

HOA fee
$1,800 / Annually
Monthly HOA
$150/mo
Total monthly fees
$150/mo
Total annual fees
$1,800
HOA name
Sunstate Association management- Lauren Wilson
CDD
No
Homestead exemption
Yes
Min lease term
7 Months
Listing terms
Cash, Conventional
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
See HOA Docs

Exterior & Construction

Exterior features
Balcony, Dog Run, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Rain Gutters, Sauna, Tennis Court(s)
Construction materials
Block, Concrete, Stucco
Roof
Shingle
Foundation
Slab
Pool
Private pool
Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Asphalt

Utilities

Sewer
Septic Tank
Water source
Canal/Lake For Irrigation, Well
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Propane, Water Connected

Community

Pets allowed
Yes

Schools

ElementaryLakeview ElementaryGreatSchools ↗
MiddleSarasota MiddleGreatSchools ↗
High SchoolRiverview HighGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Room Details

RoomLevelDimensions
KitchenFirst12x15
Primary BedroomSecond24x18
Living RoomFirst24x24
Bedroom 2Second14x13
Bedroom 3Second12x11
Bedroom 4First14x13
Bedroom 5First11x12
DenFirst12x18

Listing Details

Listing date
2025-10-16
On market date
2025-10-16
Original list price
$9,500,000
Occupant type
Owner
MLS area
34241 - Sarasota
Listing AOR
Orlando Regional
Status changed
2026-01-13
Tax legal description
COM AT NE COR OF LOT 16 TH SELY ALG C/L OF PALOMINO TRAIL 40.79 FT FOR POB TH SELY ALG CURVE TO LEFT 73.37 FT TH CONT ALG C/L S- 13-26-09-E 231 FT TH S-75-50-08- W 634.44 FT TH S-11-56-47-E

Flood risk

High riskFEMA Zone APanel 12115C0170F

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From I-75 take Clark Road east, left on saddle creek trail, left on palomino trail, gated entrance on left.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of May 23, 2026 at 12:57 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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