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Sold for $445,000
  • $445,000

    5505 OLANO STREET, PALMETTO, FL 34221

    4beds
    2,278sqft
    Single Family Residence
    Built in 2021
    8,346 Square Feet Lot
    $428,500 Zestimate®
    $195/sqft
    $2,923 Estimated rent

    Home value

    $428,500

    $403,000 - $454,000

    $2,923/mo

    Zestimate® history
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    What's special

    Welcome to 5505 Olano Street – a private waterfront oasis in Trevesta. Don’t miss out on this rare opportunity to own a premium, private lakefront home in the sought-after, amenity-rich community of Trevesta. Designed by Lennar Homes, this Lincoln floor-plan spans 2,278 square feet of beautifully designed living space with 4 spacious bedrooms, a flex room and a desirable 3-car garage – ideal for extra storage or hobby space. Step inside to soaring vaulted ceilings that enhance the home’s open and airy atmosphere. The heart of the home is an entertainer’s dream: a stunning chef’s kitchen outfitted with stainless steel appliances, granite countertops, a large island and a walk-in pantry – perfect for gatherings and culinary adventures. The owner’s suite is a peaceful retreat, offering privacy and comfort with an expansive en-suite bathroom, dual vanity sinks, a walk-in shower and a custom oversized walk-in closet complete with built-ins. A true split-floorplan layout ensures that the additional bedrooms and versatile flex room – ideal for a home office, den, or playroom – are tucked away on the opposite side of the home. Step outside to your extended screened lanai and enjoy uninterrupted panoramic lake views in a tranquil setting, where you can sip morning coffee or unwind in the evenings in complete serenity. The outdoor area provides ample space for lounging, dining or even adding a summer kitchen or spa. Living in Trevesta means having access to world-class amenities: a resort-style zero-entry pool, private cabanas, splash pad, covered outdoor entertainment areas, an expansive 5,600 square foot clubhouse with planned activities and events, 24-hour fitness center, and scenic lakeside walking/jogging trails. With LOW HOA fees that include cable, high-speed internet and irrigation water, this home offers incredible value. Located just minutes from I-275, I-75 and US-41, 5505 Olano Street offers an unbeatable location – only a short drive to St. Petersburg, Tampa, Bradenton, Lakewood Ranch, Sarasota and Florida’s world-renowned Gulf Coast beaches. Whether you're seeking a peaceful retirement retreat or a vibrant community to raise a family, this home offers the best of both worlds.

    Zillow last checked:

    Listing updated:

    Listed by:

    Monica Verinder 941-704-4040,

    COLDWELL BANKER REALTY 941-383-6411

    Bought with:

    Janelle Miller, 3528714

    MARCUS & COMPANY REALTY

    Source: Stellar MLS,MLS#: A4661816MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Den/Library/Office, Family Room
    Primary bedroom
    • Features: Ceiling Fan(s), Dual Sinks, En Suite Bathroom, Walk-In Closet(s)
    • Level: First
    • Area: 208 Square Feet
    • Dimensions: 16x13
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    • Area: 121 Square Feet
    • Dimensions: 11x11
    Bedroom 3
    • Features: Built-in Closet
    • Level: First
    • Area: 121 Square Feet
    • Dimensions: 11x11
    Bedroom 4
    • Features: Built-in Closet
    • Level: First
    • Area: 110 Square Feet
    • Dimensions: 10x11
    Den
    • Features: No Closet
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 12x11
    Dining room
    • Level: First
    • Area: 126 Square Feet
    • Dimensions: 18x7
    Kitchen
    • Features: Pantry
    • Level: First
    • Area: 187 Square Feet
    • Dimensions: 17x11
    Laundry
    • Features: No Closet
    • Level: First
    • Area: 35 Square Feet
    • Dimensions: 5x7
    Living room
    • Level: First
    • Area: 360 Square Feet
    • Dimensions: 18x20
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Electric Water Heater, Microwave, Refrigerator
    • Laundry: Electric Dryer Hookup, Laundry Room
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Walk-In Closet(s)
    • Flooring: Carpet, Porcelain Tile
    • Doors: Sliding Doors
    • Windows: Shades
    • Has fireplace: No
    Interior area
    • Total structure area: 2,878
    • Total interior livable area: 2,278 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Driveway, Garage Door Opener
    • Attached garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Front Porch, Patio, Screened
    • Exterior features: Irrigation System, Rain Gutters, Sidewalk
    • Has view: Yes
    • View description: Water, Lake
    • Has water view: Yes
    • Water view: Water,Lake
    • Waterfront features: Lake Front
    Lot
    • Size: 8,346 Square Feet
    • Features: Landscaped, Sidewalk
    • Residential vegetation: Mature Landscaping, Trees/Landscaped
    Details
    • Parcel number: 717621809
    • Zoning: RESI
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Florida,Ranch
    • Property subtype: Single Family Residence
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2021
    Details
    • Builder model: Lincoln
    • Builder name: Lennar

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Canal/Lake For Irrigation, Public
    • Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Sprinkler Recycled, Underground Utilities, Water Connected

    Community & HOA

    Community
    • Features: Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Irrigation-Reclaimed Water, Sidewalks
    • Security: Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: TREVESTA PH IIB
    HOA
    • Has HOA: Yes
    • Amenities included: Clubhouse, Fitness Center, Playground, Pool
    • Services included: Cable TV, Community Pool, Internet
    • HOA fee: $157 monthly
    • HOA name: Matt O'Nolan
    • HOA phone: 813-533-2950
    Location
    • Region: Palmetto

    Financial & listing details

    • Price per square foot: $195/sqft
    • Tax assessed value: $387,859
    • Annual tax amount: $7,610
    • Date on market: 8/19/2025
    • Cumulative days on market: 66 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    3/13/2026Listing removed$2,950$1/sqft
    Source: Zillow Rentals Report a problem
    2/20/2026Price change$2,950-3.3%$1/sqft
    Source: Zillow Rentals Report a problem
    2/16/2026Price change$3,050-3.2%$1/sqft
    Source: Zillow Rentals Report a problem
    1/14/2026Listed for rent$3,150$1/sqft
    Source: Zillow Rentals Report a problem
    11/20/2025Sold$445,000-3.3%$195/sqft
    Source: Stellar MLS #A4661816 Report a problem
    10/24/2025Pending sale$459,990$202/sqft
    Source: Stellar MLS #A4661816 Report a problem
    8/19/2025Listed for sale$459,990-5.2%$202/sqft
    Source: Stellar MLS #A4661816 Report a problem
    12/15/2023Sold$485,000-3%$213/sqft
    Source: Stellar MLS #A4581330 Report a problem
    10/23/2023Pending sale$499,900$219/sqft
    Source: Stellar MLS #A4581330 Report a problem
    9/15/2023Listed for sale$499,900+59.9%$219/sqft
    Source: Stellar MLS #A4581330 Report a problem
    5/10/2021Listing removed--
    Source: Stellar MLS #T3274207 Report a problem
    2/3/2021Sold$312,600+0%$137/sqft
    Source: Public Record Report a problem
    1/11/2021Pending sale$312,545$137/sqft
    Source: Stellar MLS #T3274207 Report a problem
    11/10/2020Listing removed$312,545$137/sqft
    Source: Lennar Report a problem
    10/31/2020Listed for sale$312,545$137/sqft
    Source: Lennar Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,310 -4%$387,284 -1%
    2024$7,611 +17.6%$391,260 +14.6%
    2023$6,473 +3.4%$341,426 +3%
    2022$6,262 +135.8%$331,482 +847.1%
    2021$2,655 +6.7%$35,000
    2020$2,489 +3264.5%$35,000 +794.9%
    2019$74 $3,911
    Find assessor info on the county website

    Neighborhood: 34221

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Virgil Mills Elementary
    • Middle: Buffalo Creek Middle
    • High: Palmetto High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $428,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $428,500