$6,950,000
7340 Palomino Trail
Sarasota, FL 34241
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
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
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
- Status: ActiveJan 13, 2026
- Listed$9,500,000Oct 16, 2025
- 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
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
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | 12x15 |
| Primary Bedroom | Second | 24x18 |
| Living Room | First | 24x24 |
| Bedroom 2 | Second | 14x13 |
| Bedroom 3 | Second | 12x11 |
| Bedroom 4 | First | 14x13 |
| Bedroom 5 | First | 11x12 |
| Den | First | 12x18 |
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
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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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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