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$950,000 Sale Pending
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Property Description
Under contract-accepting backup offers. BEAUTIFUL INSIDE and exceptionally well maintained, this Rivendell home offers the kind of upgrades, efficiency, and outdoor living that are becoming increasingly hard to find. This Luxurious home is situated on a large beautifully landscaped, lake front lot with a Southeast Exposure overlooking Oscar Scherer State park! The interior layout is spacious and functional, featuring tile flooring throughout the main living areas and carpet in the bedrooms for comfort. A dedicated front office connects directly to the primary suite, creating a flexible space ideal for working from home, a sitting room, or even a private retreat. High ceilings and an open flow between the living spaces enhance the overall feel, while the home's condition reflects true pride of ownership. Step outside and the property truly separates itself. The heated pool has been resurfaced with Pebble Tec and features a solar heating system that was just replaced in 2024, providing year-round enjoyment with energy efficiency. The outdoor space is further enhanced with hurricane roll-down protection, an outdoor stereo system, and a removable baby safety fence-offering both entertainment and peace of mind. Major updates have already been handled, including a BRAND NEW ROOF in 2025 with a transferable 20-year warranty and TWO NEW A/C systems installed in 2025. The home also benefits from an irrigation well, helping maintain the lush landscaping while keeping water costs zero. Total electric costs have remained under $2,400 annually for the entire property, showcasing impressive efficiency for a home of this size. Additional features include a mini-split A/C system in the garage paired with an insulated garage door-perfect for a workshop, gym, or climate-controlled space-as well as a large safe that conveys with the sale. Rivendell residents enjoy a well-rounded lifestyle with low HOA fees that include a heated community pool, playground, and scenic recreational trails-all with no CDD fees. The community offers a rare private path directly to Pine View School  and borders Oscar Scherer State Park along with over 200 acres of preserved land, creating a unique blend of convenience and natural surroundings.  The home is near both Siesta and Nokomis Beaches, Costco, and loads of shopping and restaurants. Home is situated less than a mile from the Legacy Bike Trail. Minutes to the distinguished Pine View School, the #1 rated public gifted college-prep school in Florida. This is a rare opportunity to own a move-in-ready home where the major expenses have already been taken care of-offering a combination of condition, upgrades, and outdoor lifestyle that is hard to match. Book your private showing now to see this property for yourself!
Full Property Details
Full Property Details for 1016 Scherer Way
General
- Price: $950,000
- HOA FEE: $115/month
- Taxes: $5,441 (2025)
- Status: Pending
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4687161
- Updated: 3/30/2026
- Added to Site: 16 day(s) ago
Rental Information
- Min. Lease: 3 Months
Interior
- Number of Rooms: 8
- Interior Features: Other
- Appliances: Other
- Furnishings: Unfurnished
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Other
Additional Information
- Shared Amenities: Golf Course, Park, Playground, Pool, Recreation Facilities, Trail(s)
Exterior
- Exterior Features: Other
- Deck/Patio: Other
- Porch/Patio/Deck: Other
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
Location
- Area: 34229 - Osprey
- County: Sarasota
- Development Name: 34229 - Osprey
- Subdivision: RIVENDELL UNIT 5 THE WOODLANDS
- Driving Directions: From I75 take exit 200 heading south on US681 then turn right onto Honore Ave then turn left at round about onto E Bay Street then turn left onto Park Trace Blvd then turn right onto Scherer Way. The home will be on the left.
- Direction Faces: Northwest
School Information
- Elementary School: Laurel Nokomis Elementary
- Middle School: Sarasota Middle
- High School: Venice Senior High
Community
- Community Name: 34229 - Osprey
- Community Features: Buyer Approval Required, Golf, Park, Playground, Pool, Sidewalks
- Optional Amenities: Golf Course, Park, Playground, Pool, Recreation Facilities, Trail(s)
- Association: Yes
- Assoc. Name: Kim Payne
- Assoc. Fees Include: Community Pool, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pool Maintenance, Recreational Facilities
- Pet Restrictions: Buyer and Buyer's agent to verify with association.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Other
Structural Information
- Architectural Info: Florida
- Architectural Style: Florida
- Exterior Const.: Stucco
- Roof: Tile
- Stories/Levels: One
- Square Feet: 2,921
- Sq. Ft. Source: Public Records
- Year Built: 2003
Lot Features
- Property View: Water
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,750
- Lot Size: 9750
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Pond
Financial Considerations
- Association Fee: $115
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- Tax Amount: $5,441.75
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 109 RIVENDELL UNIT 5 THE WOODLANDS
- Flood Zone Info: X
- APN: 150010019
- Property ID: 150010019
Listed by Re/Max Alliance Group
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Schools
Schools serving 1016 Scherer Way
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Laurel Nokomis School 1900 Laurel Road East, Nokomis, FL 34275 | PK-8 | 4.4 mi |
Venice Senior High School 1 Indian Avenue, Venice, FL 34285 | 9-12 | 6.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1016 Scherer Way
Date
Details
Price
Change
Source
3/29/2026
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1016 Scherer Way
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,214
—
$437,968
3%
2024
$5,214
4%
$425,625
3%
2023
$5,014
4%
$413,228
6%
2021
$4,828
-2%
$389,507
-3%
2022
$4,904
2%
$401,192
4%
2021
$4,828
3%
$384,129
2%
2019
$4,683
2%
$375,493
2%
2018
$4,578
—
$368,492
2%
2017
$4,559
-1%
$360,913
2%
2016
$4,585
-2%
$353,490
1%
2015
$4,666
—
$351,033
1%
2014
$4,649
—
$348,247
2%
2013
$4,646
—
$343,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1016 Scherer Way
1016 Scherer Way, Osprey, FL 34229 (MLS# A4687161) is a Single Family property with 4 bedrooms and 3 full bathrooms. 1016 Scherer Way is currently listed for $950,000 and was received on March 29, 2026. Want to learn more about 1016 Scherer Way? Do you have questions about finding other Single Family real estate for sale in Osprey? You can browse all Osprey real estate or contact a Coldwell Banker agent to request more information.

