Listing Details for MLS #G5105735
1250 New Forest Circle, Nokomis, Fl

Residential Property - Single Family Residence in Nokomis

Listing Price: $695,000 (Mortgage Calculator →)

Description of Property

Rare opportunity to acquire a 1-acre, no-HOA property in Mission Valley Estates featuring an existing main residence plus detached guest house, oversized pool, and exceptional location, offered down to the studs and ready for a full custom rebuild. The property totals 3,348 square feet and offers a five-bedroom, three-and-a-half-bathroom layout across two structures. The 2,756 square foot concrete block main house is configured with a first-floor primary suite and three additional bedrooms located on the upper level, while the 592 square foot detached guest house / mother-in-law suite is a one open-space layout and includes its own kitchen and full bathroom, offering excellent flexibility for guests, extended family, or future use. Both structures were intentionally taken down to the studs as part of a planned owner renovation that is no longer moving forward due to a change in plans. This condition is not related to flooding — the property has never flooded and is located in Flood Zone X. Major infrastructure improvements are already in place, including new roofs on both structures installed in 2023, private well and septic (with a new septic system and drain field installed in 2010), concrete block construction, and an oversized two-car garage. The property will require new plumbing, electrical, HVAC, insulation, and full interior build-out, offering a true blank slate for customization without demolition risk or unknown conditions. The home sits on a gorgeous, tree-lined lot featuring mature, 100+ year-old oak trees, creating a truly special and park-like setting rarely available in this area. The grounds have been well manicured and the property is tucked away on a quiet cul-de-sac with virtually no traffic, offering both privacy and tranquility. Outdoor features include a large, well-maintained pool with generous deck area, ideal for entertaining or future outdoor enhancements. The property will be conveyed as one full acre following a lot split, and a survey with clearly outlined parcel boundaries will be provided. There are no deed restrictions and no HOA, and zoning allows for flexibility, including the ability to add an ADU or additional guest quarters, subject to county approval. Mission Valley Estates is known for its large lots, custom homes, and privacy, while remaining conveniently located three miles to the beach, four miles to Venice Island, and with easy access to I-75, shopping, dining, and everyday conveniences. The property is also located near several highly regarded Sarasota County schools, including Laurel Nokomis School, Venice High School, Pine View School, and other well-known options in the area. This property is ideal for a buyer seeking full design control who understands the value of starting with solid structures, new roofs, established infrastructure, an existing pool, and a rare, oak-canopied acre in one of Nokomis’ most desirable non-HOA neighborhoods. Property is being sold as-is and interior build-out is required.The average asking price for a 5 bedroom/3 bath single family residence in this Zip code is $1,388,225. This single family residence is listed at about 50% of the average asking price. There are 3 5 bedroom/3 bath homes between $600,000 and $900,000 currently listed for sale in this Zip code. See other listings like this one »