7140 40th Ln E, Sarasota, FL 34243
OFF MARKET

$503,900

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 2,162 sqft

7140 40th Ln E, Sarasota, FL 34243

Est. Refi. Payment $3,180/mo*
Refinance Your Home

Home Value

Trulia Estimate
$504K
Since last month
Increased$2K (+0.3%)
Since last year
Increased$19K (+4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +56% in the last 10 years
MonthEstimated value
2026
August 2026$503K
July 2026$502K
June 2026$509K
May 2026$491K
April 2026$489K
March 2026$496K
February 2026$492K
January 2026$497K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7122 42ND COURT E, Sarasota, FL
0.12
Single-Family Home
$470,000
06/11/26
3
2
2,227
4107 72ND AVENUE E, Sarasota, FL
0.12
Single-Family Home
$435,000
04/17/26
3
2
2,001
7218 39TH LANE E, Sarasota, FL
0.13
Single-Family Home
$482,000
12/11/25
3
2
2,014
7149 42nd Ct E, Sarasota, FL
0.19
Single-Family Home
$400,000
10/30/25
3
2
2,052
7111 41ST LANE E, Sarasota, FL
0.14
Single-Family Home
$450,000
07/27/26
3
2
1,894
7287 38TH COURT E, Sarasota, FL
0.23
Single-Family Home
$435,000
08/13/26
3
2
1,772
7115 39TH LANE E, Sarasota, FL
0.06
Single-Family Home
$489,500
08/28/25
4
2.5
2,158
3720 72ND AVENUE CIRCLE E, Sarasota, FL
0.25
Single-Family Home
$490,000
08/28/25
3
2
1,656
3728 71ST TERRACE E, Sarasota, FL
0.20
Single-Family Home
$476,000
05/25/26
3
2
1,548
3724 71ST TERRACE E, Sarasota, FL
0.21
Single-Family Home
$490,000
07/20/26
3
2
1,610

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7115 39TH LANE E, Sarasota, FL 34243
0.06
$489,700
4
2.5
2,158
Off Market
7207 39TH LANE E, Sarasota, FL 34243
0.08
$574,990
4
2.5
2,253
For Sale
7101 42ND COURT E, Sarasota, FL 34243
0.06
$551,000
4
3
2,257
Off Market
7102 42ND COURT E, Sarasota, FL 34243
0.08
$497,000
3
2
2,142
For Sale
7116 39TH LANE E, Sarasota, FL 34243
0.10
$423,100
3
2
1,661
Off Market
4024 72ND AVENUE E, Sarasota, FL 34243
0.10
$506,600
3
2.5
2,060
Off Market
7112 39TH LANE E, Sarasota, FL 34243
0.10
$565,400
4
2.5
2,173
Off Market
7218 39TH LANE E, Sarasota, FL 34243
0.13
$482,000
3
2
2,014
Recently Sold
7118 42ND COURT E, Sarasota, FL 34243
0.11
$396,600
3
2
2,419
Off Market
7207 38TH COURT E, Sarasota, FL 34243
0.14
$485,000
4
3
2,168
Recently Sold
4107 72ND AVENUE E, Sarasota, FL 34243
0.12
$435,000
3
2
2,001
Recently Sold
7040 WHITE WILLOW COURT, Sarasota, FL 34243
0.13
$559,000
3
3
2,069
For Sale

Local Information

  • Map ViewExplore the area around 7140 40th Ln E.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1990
Living Area
2,162 sqft
Price/Sqft
$233
Parking
Garage

About this House

This single-family home is located at 7140 40th Ln E, Sarasota, FL. 7140 40th Ln E is in Sarasota, FL and in ZIP code 34243. This property has 3 bedrooms, 2 bathrooms and approximately 2,162 sqft of floor space. This property has a lot size of 8233 sqft and was built in 1990.
7140 40th Ln E, Sarasota, FL 34243 is a 3 bedroom, 2 bathroom, 2,162 sqft single-family home built in 1990. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $503,900, with a rent estimate of $3,577/month.

Home Details for 7140 40th Ln E

Interior Features

Heating & Cooling
Heating: Heat Pump, ElectricAir ConditioningCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Hardwood
Interior Details
Number of Rooms: 4Types of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Master Bath, OfficeCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceJetted Bath Tub
Security
Security System

Exterior Features

Exterior Home Features
Roof: TileDeckExterior: Stone, Stucco, Brick, Cement ConcreteLawnSprinkler System
Pool
Pool
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 1990Year Updated: 2002
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 8233 sqft

Building

Fitness & Sports
Tennis Court

Price and Tax history

YearProperty taxTax assessment
2025
$3,016
$422,672
Home facts updated by county records

Market trends in Sarasota

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$427K
$5KMoM
Sale-to-List Price
96.1%
0.1%MoM
Price per sq ft
$263
$1MoM
Available listings
2298
126MoM

Around this home

What Locals Say about Sarasota

At least 1323 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 82 % Say car is needed

  • 81 % Say parking is easy

  • 72 % Say yards are well-kept

  • 72 % Say there's holiday spirit

  • 69 % Say it's quiet

  • 69 % Say there are sidewalks

  • 67 % Say people would walk alone at night

  • 56 % Say streets are well-lit

  • 54 % Say neighbors are friendly

  • 54 % Say they plan to stay for at least 5 years

  • 52 % Say it's walkable to grocery stores

  • 50 % Say there's wildlife

  • 50 % Say kids play outside

  • 48 % Say it's walkable to restaurants

  • 33 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Some of the top rated schools in Florida. Great sports and very cultural"
    0
    Flag
  • Bruce Klein
    "Quiet streets, Philippe creek, close to beaches and downtown It’s a nice neighborhood to live in. Neighborhoods mostly keep to themselves but are mostly friendly when you run into them on the street walking your dog or just taking a walk. There’s a nice park close by with a dog park. "
    1
    Flag
  • B sed
    "Palmer Ranch has many loving lovely communities including condos, apartments and single home developments. the single home developments have many amenities for adults and children. some of them including playgrounds, dog parks, pools and other amenities"
    0
    Flag
  • Hamilton
    "I am visiting for a couple of weeks and so far Sarasota seem very safe for me. I am staying outside downtown. About 20 minutes outside downtown Sarasota and I feel very safe outside here. I am yet to experience downtown at night."
    1
    Flag
  • Janice Lowrance
    "Lots of dog lovers and dog owners walk their dogs multiple times a day. Lots of retirees walking mostly small dogs as there are size restrictions."
    0
    Flag
  • John Hermansen
    "We have great schools in the area. Siesta Key is a safe place with kind neighbors. We are a popular spot and do get slowed down during tourist season, but it’s a small price to pay for living in paradise. "
    0
    Flag
  • Karenhudgeons
    "Near Payne Park, the Legacy Trail, good schools, Bayfront, downtown. Publix is right across the street."
    0
    Flag
  • Zoe Folts
    "Dogs are welcome in most but not all businesses. People are very dog friendly here. You see people walking their dogs all the time"
    0
    Flag
  • Irene Melendez-rodriguez
    "I love Sarasota. I been living here for 12 years now and it is a beautiful place to live and raise kids. Close to the beach and beautiful areas to visit. "
    1
    Flag
  • Davidtran125
    "Very nice and very good location to live in Sarasota . I am living here and have good friends in Sarasota and very good neighbors "
    0
    Flag
  • Janice Lowrance
    "We live in a community that has a large retiree population. Some are snow birds. There are activities and people can get to know others with similar interests. "
    0
    Flag
  • Davidtran125
    "I have live in neighborhood in the area for over :10 years now. I live ,love the city and neighborhood. Thanks "
    0
    Flag
  • Amayacglover
    "The neighborhood is generally safe w multiple schools nearby, libraries, and museums within 10 min from the neighborhood."
    0
    Flag
  • Davidtran125
    "We have neighbors party Halloween . Community events make your friends happy with their favorite food items and they have fun with them all night."
    0
    Flag
  • Carrie Garrigus
    "Quaint neighborhood, very friendly, and often decorative during each of the holidays. Close to shopping and the beach."
    0
    Flag
  • Bvgardner
    "We have active community associations that weigh in on important neighborhood issues ! It is safe and generally quiet here. "
    0
    Flag
  • Monamimmi
    "Love the place. Very well maintained and managed. And also affordable and close to everything…..downtown, airport, and stores"
    0
    Flag
  • Susan Samson
    "Many options for bringing neighbors together. You do not have to be a golfer to get involved. Kid friendly. Safe environment with well maintained homes."
    0
    Flag
  • Pete Mirnyi
    "Great schools, beaches, shops, and restaurants. Overall, it’s a good place to grow up and retire. Lots of friendly people around."
    0
    Flag
  • Sam Tekieli
    "Indian Beach/Sapphire Shores is a wonderful, diverse, friendly neighborhood. Beautiful area, much nicer and safer than surrounding areas. I will say that neighbors move in and out too frequently for there to be substantial community, and public transit is accessible but not the best. "
    0
    Flag
  • Eileen Morris
    "My commute to work from where I am currently staying is less than a minute drive and about a 3 minute walk. "
    0
    Flag
  • Jess.sanderson
    "Great and safe for familiars of all kinds. Wonderful neighborhood. Family friendly. Pets welcome. Wonderful. "
    0
    Flag
  • Kim
    "Sarasota is a nice city but overcrowded. Traffic is often heavy. Beach and downtown parking can be extremely difficult. "
    1
    Flag
  • Nancy
    "Convenient to downtown and places to shop and for entertainment and recreation. Good access to essential swrvices and transportation, if necessary, such as shopping, dog walking, and lovely park across the street."
    0
    Flag
  • Z6dhj7pgwq
    "The Bazaar on Lime makes My neighborhood the best! Also, having such close access to downtown. Just a walk away. "
    1
    Flag
  • Kim Johnson
    "Holiday lights and great neighborhoods to take kids trick or treating. Summer are hot and there are plenty of communities that have swimming pools "
    0
    Flag
  • Janice Lowrance
    "We have a condo in Sarasota and like the laid back vibe here. Neighbors are nice. It is very clean and we love the beaches."
    2
    Flag
  • Deb Gerardi
    "I work less than 5 miles away from my home so the commute is nothing. But when I go anywhere in Sarasota it takes about 45 minutes to get anywhere sometimes it takes an hour. "
    0
    Flag
  • Kim
    "My neighborhood is in a nice area but it’s so overcrowded. Traffic delays are common and it can be difficult to enjoy the things that make Sarasota special. "
    0
    Flag
  • Rpurdyuf
    "Everyone is so helpful and nice!! So many excellent places to visit and the beaches are beautiful. Boating, hikes, shopping and lots of fun entertainment."
    0
    Flag
  • Kim
    "Sarasota has heavy traffic most of the year and tends to have a lot of residents who are not year-round residents. Most neighborhoods are pet friendly. "
    0
    Flag
  • Dana Smith
    "Roads are quite busy but the highway is easily accessible, many businesses in the area, and a short drive to the beach!"
    0
    Flag
  • Rnegron42
    "I only live 5 miles from work and it’s not that bad of a commute. In season it takes about 25 min . When I lived in Lakewood Ranch it was a nightmare and took over an hour."
    0
    Flag
  • Loveeamberrosee
    "Very dog friendly see people out and about all the time with their pups dog parks and dog beaches around too"
    3
    Flag
  • Roandersen
    "Variety of home styles brings in variety of residents, permanent and seasonal. Rules are strict and neighborhood monitors report the smallest of violations, such as leaving your garbage bins out late if you have a long day or putting them out too early,not pruning dried palm fronds immediately, and not planting garden areas to match neighbors. If you are not here full time or are away on vacation you must hire someone to be sure you don’t violate any of the very picky rules. Residents have little use of the club, tennis, pickleball or golf courses without paying exorbitant fees. Having said that, as an elderly woman living alone I feel safe in this development. The safety patrol is responsive and will come 24-7 if you have a concern. Not much of a neighborhood feel."
    22
    Flag
  • Johnwest3004
    "I’ve been here since last year and it’s a great area. I am here for business but contemplating a permanent move "
    0
    Flag
  • Trulia User
    "loved this neighborhood.wish I never had to move from it just had no choice all houses were occupied at the time."
    0
    Flag
  • Trulia User
    "I don’t actually have one. I work from home, but if you walk out of the development, there is a bus stop not too far away if you don’t have a car. Most things are within 20 minutes away from here."
    2
    Flag
  • Trulia User
    "people are Friendly's and watch out for one another. it's a safe place to live , close to everything you may need "
    0
    Flag
  • Trulia User
    "Lots of people waking their dogs especially in the nearby park, there are also several dog parks nearby."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 7140 40th Ln E

  • What is 7140 40th Ln E estimated to be worth?
    Trulia's estimated value for 7140 40th Ln E in Sarasota, FL is $503,900.
  • Is Sarasota a buyer's or seller's market?
    Sarasota is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Sarasota?
    The median sale price in Sarasota is $427K. That is down $5K from the prior month.
  • What do residents say about Sarasota?
    Residents describe Sarasota, FL as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Sarasota, FL.
  • Does 7140 40th Ln E have air conditioning?
    Yes, 7140 40th Ln E in Sarasota, FL has air conditioning.
  • Does 7140 40th Ln E have a pool?
    Yes, 7140 40th Ln E in Sarasota, FL has a pool.

Explore by feature - Pet Friendly

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Explore by feature - Garage

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Explore by feature - Air Conditioning

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Explore by feature - Pool

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Explore by feature - Outdoor Space

235 rentals with an outdoor space in Sarasota, FL

Apartments for Rent

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Off Market Homes Near 7140 40th Ln E

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