tomo logo

$9,789,500

Beds
4
Baths
3.5
sq ft
3,722

242 Oak Ave, Anna Maria, FL 34216

242 Oak Ave

ANNA MARIA, FL 34216

  • 120 days on market
LUXURY GATED ANNA MARIA ISLAND ESTATE. This one-of-a-kind property on Florida’s Gulf Coast is located in the highly sought after city of Anna Maria. The spectacular home occupies a unique 18590 sq ft triangular property and has over 500 feet of water frontage projecting directly into the pristine waters of Bimini Bay. Every detail of this 2020 custom home was carefully designed to take full advantage of this very special location, steps from the beaches of Anna Maria, yet with deep water boating and no bridges to the Gulf of Mexico. With water views from every window the peaceful ambiance of this location provides a private retreat only for the most discerning of buyers. Entering through private gates into the lush tropical courtyard you will see the bridge connecting the primary home to the guest house. If you walk the exterior, you will see the inlet with a 12,000 lb boat lift next to a 60ft dock for your cruiser. The size of the property allows for the resort like pool with fire and waterfalls, a man-made sandy beach and a spectacular fire pit at the tip of the property. All safely protected by the reinforced concrete seawall. The gated breezeway leading from the Courtyard to the pool also leads to the elevated main floor via the solid walnut staircase or the Vertech residential glass walled elevator. Then it is all about THE VIEW - uninterrupted and spectacular! The only one of its kind on Anna Maria Island. The effort that has been put into the design of this warm and inviting home is obvious. Vaulted beamed ceilings, lighting that floats above the kitchen in a bamboo and stainless steel frame suspended with barely visible aircraft cables. But it is the truly spectacular views that demand your attention. From the Great Room looking over the gourmet Kitchen and beyond, the massive covered lanai, your swimming pool and landscaped gardens lies the pristine waters of Bimini Bay. Modern architectural design puts the kitchen as the central hub of the home and this Showpiece Kitchen is an entertainer’s delight. Guests can watch the chef while seated at the lit glass kitchen countertop, custom designed for this home by ThinkGlass from Montreal. The imported cabinets from Hutton Beilman Design are manufactured from perfectly matching Bamboo with inset Walnut Pilasters. The Cambria Quartz & Bridgewater Stone flow seamlessly through the Cooking Island, the Expresso Station and the serving Bar. Walls are finished in a soft hand polished French Polynesian Faux finish while the oversized Elysium Travertine Floor flows seamlessly as you step from the Great Room through the fully retractable 20ft doors, to the spectacular covered Lanai. The huge 800 sq ft lanai is home to the outdoor kitchen, with its featured Teppanyaki Table, to the outdoor lounge area with its fire table and to the outdoor dining area overlooking the elevated spa and Bimini Bay. Captivated by the ever-changing water views imagine entertaining your friends while cooking fresh shrimp on the Teppanyaki or the Lynx Grill. This elegant outdoor kitchen has Quartzite Counter Tops and Neolith Stone Backsplash. A wonderful dinner for 8 can be enjoyed seated at the Teppanyaki or at the outdoor dining table. Retractable screens provide privacy and complete protection from the elements. Many describe the feeling of this property as stepping into a private island resort. There are so many features it has it's own name, AMI DREAM HOME. You can find us online.

Details

Property type

Single Family Residence

Est. home value

$5,169,397

Lot size

0.37 acres

Price per sq ft

$2,631

Year built

2020

Annual property taxes

$56,269.95

Price History

07/11/2024
StellarMLS

StellarMLS #A4616540

Listed
$9,789,500
+683.16%
03/30/2018
StellarMLS

StellarMLS #A4212859

Sold
$1,250,000

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Manatee High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rbc Bank Usa

Loan start date

February 2021

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

2.79%

Loan type

Credit Line (Revolving), 30 year

Seller

Terence L Lee and Pauline A Lee

Lender

Rbc Bank Usa

Loan start date

April 2020

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

3.25%

Loan type

Credit Line (Revolving), 30 year

Seller

Terence L Lee and Pauline A Lee

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

StellarMLS
$8,800,000
5 bd
|
5.5 ba
|
5,074 sq ft
|
House

305 Tarpon St, Anna Maria, FL 34216

Status: Active

Tomo last checked: 11/08/2024 at 6:35 AM

Listing updated: 08/07/2024 at 10:32 AM

Listed by: Kathy Harman, MICHAEL SAUNDERS & COMPANY Phone #: (941) 896-9981

MLS: StellarMLS #A4616540

StellarMLS logo

Recently listed in ANNA MARIA

$1,450,000|3 bd|3.0 ba|House
$829,000|3 bd|1.0 ba|House
$6,995,000|6 bd|6.5 ba|House
$4,950,000|3 bd|2.0 ba|House
$3,695,000|4 bd|3.5 ba|House
$20,000,000|6 bd|7.5 ba|House
$1,290,000|2 bd|1.0 ba|House
$3,390,000|5 bd|4.5 ba|House
$9,789,500|4 bd|3.5 ba|House