To schedule a showing of 7340 Palomino Trail, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!

$6,950,000 Reduced -$975,000
7340 Palomino Trail
Sarasota, FL 34241
  • 11Beds
  • 10.00Total Baths
  • 9 Full, 1 HalfBaths
  • 15,311SqFt
  • 1981Year Built
  • 17.08Acres
  • MLS# O6352294
  • Residential
  • SingleFamilyResidence
  • Active

  • Approx Time on Market7 months, 18 days
  • Area34241 - Sarasota
  • CountySarasota
  • Subdivision Saddle Creek

Overview

Welcome toThe 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 ofSaddle Creek, where horse enthusiasts are welcome to use the 31 miles of riding trails, this multi-residence estate offers over15,000 sq ft under airacross multiple structures, includingtwo custom homes, a5,000 sq ft air-conditioned barndominium and entertainment pavilion, and multiple garages. Behind an eight-foot perimeter fence with dual gated entries, youll 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, andoutdoor 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 allgreen space, activities, security, luxury, and serenityall just minutes from Sarasota's world-famous beaches, dining, and shopping.



Agriculture / Farm

Horse Amenities:  Other, RoundPen, RidingRing, HorsesAllowed

Association Fees / Info

Community Features:  GolfCartsOk, Gated, StreetLights

Pets Allowed:  Yes

Hoa Frequency Rate:  1800

Association:  Yes

Hoa Fees Frequency:  Annually

Association Fee Includes:  RoadMaintenance

Bathroom Info

Total Baths:  10.00

Fullbaths:  9

Building Info

Window Features:  Blinds, DoublePaneWindows, StormWindows

Roof:  Shingle

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Style:  Custom

Pool Features:  Gunite, InGround, Other

Patio:  Covered, Deck, Enclosed, Patio, Porch, Screened, WrapAround, Balcony

Pool Private:  Yes

Exterior Features:  Balcony, DogRun, SprinklerIrrigation, Lighting, OutdoorGrill, OutdoorKitchen, OutdoorShower, RainGutters, TennisCourts

Fees / Restrictions

Financial

Original Price:  $9,500,000

Disclosures:  CovenantsRestrictionsDisclosure

Fencing:  ChainLink, Fenced, Other, Wood

Garage / Parking

Parking Features:  CircularDriveway, Driveway, Garage, GolfCartGarage, GarageDoorOpener, Oversized, WorkshopInGarage

Attached Garage:  Yes

Garage:  Yes

Green / Env Info

Interior Features

Fireplace Desc:  LivingRoom, Outside, Stone, WoodBurning

Fireplace:  Yes

Floors:  LuxuryVinyl, PorcelainTile

Levels:  Two

Laundry Features:  LaundryRoom

Interior Features:  CeilingFans, CrownMolding, CathedralCeilings, StoneCounters, SmartHome, VaultedCeilings, WalkInClosets

Appliances:  Dryer, Dishwasher, ExhaustFan, Disposal, Range, Refrigerator, Washer

Spa Features:  Sauna

Lot Info

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

Number of Lots:  2

Lot Size Units:  Acres

Lot Size Acres:  17.08

Lot Sqft:  744,004

Vegetation:  FruitTrees, Oak, PartiallyWooded

Lot Desc:  IrregularLot, OutsideCityLimits, PrivateRoad, Landscaped

Misc

Other

Other Structures:  Barns, GuestHouse, Gazebo, Other, SecondResidence, Storage, TennisCourts, Workshop

Equipment:  Generator, IrrigationEquipment

Special Conditions:  None

Security Features:  SecuritySystemOwned, SecuritySystem, ClosedCircuitCameras, SecurityGate, SmokeDetectors, SecurityLights, GatedCommunity

Other Rooms Info

Property Info

Section:  15

Class Type:  SingleFamilyResidence

Property Sub Type:  SingleFamilyResidence

Property Condition:  NewConstruction

Construction Materials:  Block, Concrete, Stucco

Stories:  2

Foundation:  Slab

Human Modified:  Yes

Room Info

Total Rooms:  8

Sqft Info

Sqft:  15,311

Bulding Area Sqft:  22,653

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,024

Tax Lot:  16

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

Tax Annual Amount:  22398

Tax Book Number:  26-27

Unit Info

Utilities / Hvac

Heating:  Central, Electric

Water Source:  Well

Sewer:  SepticTank

Cool System:  CentralAir, Ductless, Zoned, CeilingFans

Cooling:  Yes

Heating:  Yes

Utilities:  CableConnected, ElectricityConnected, HighSpeedInternetAvailable, Propane, WaterConnected

Waterfront / Water

Waterfront:  Yes

Waterfront Features:  LakeFront, LakePrivileges, Pond

View:  Yes

View:  Lake, Pond, TreesWoods, Water

Schools

Elem:  Lakeview Elementary

Middle:  Sarasota Middle

High:  Riverview High

Directions

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

This listing courtesy of Orlando Property Advisors 

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Price & Status History (on davidshippey.com since Thu, Oct 16th 2025)
  • Original Price: $9,500,000
  • Current Price: $6,950,000
  • Price Reduced: $2,550,000
Date ChangedFromTo
05/23/2026$7,925,000 $6,950,000 Reduced by $975,000
03/03/2026$8,750,000 $7,925,000 Reduced by $825,000

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If you have any questions on 7340 Palomino Trail, Sarasota, Florida, please call David Shippey at 863-521-4517.


MLS# O6352294 located at 7340 Palomino Trail, Sarasota, Florida is brought to you by David Shippey REALTOR®

7340 Palomino Trail, Sarasota, Florida has 11 Beds, 9 Full Bath, and 1 Half Bath.
The MLS Number for 7340 Palomino Trail, Sarasota, Florida is O6352294.
The price for 7340 Palomino Trail, Sarasota, Florida is $6,950,000.
The status of 7340 Palomino Trail, Sarasota, Florida is Active.
The subdivision of 7340 Palomino Trail, Sarasota, Florida is Saddle Creek.
The home located at 7340 Palomino Trail, Sarasota, Florida was built in 2026.