tomo logo

$8,995,000

Beds
4
Baths
3.5
sq ft
3,722

242 Oak Ave, Anna Maria, FL 34216

242 Oak Ave

ANNA MARIA, FL 34216

  • 4 days on market
Welcome to AMI DREAM HOME, a breathtaking, one-of-a-kind luxury estate on Florida’s Gulf Coast. Nestled in the heart of Anna Maria, this spectacular residence offers the ultimate combination of privacy, elegance, and waterfront living. Set on a rare 18,590 sq. ft. triangular property with 500+ feet of water frontage, this estate extends directly into the pristine waters of Bimini Bay, providing unparalleled views and seamless access to the Gulf of Mexico—without any bridges. Custom-built in 2020, this architectural masterpiece was designed to take full advantage of its exceptional location. Just steps from Anna Maria’s world-famous beaches, the estate offers a tranquil retreat for the most discerning buyers. Expansive windows frame breathtaking water views from every angle, while lush tropical landscaping enhances the home’s serene and secluded ambiance. Beyond the private gated entrance, you are welcomed into a lush courtyard, where a bridge connects the main residence to the guest house. Stroll along the waterfront to discover a 12,000-lb boat lift alongside a 60-ft dock, perfect for a yacht or cruiser. The meticulously designed outdoor space features a resort-style pool with cascading waterfalls, fire features, and a man-made sandy beach, all safely protected by a reinforced concrete seawall. A stunning fire pit at the property’s tip creates a dramatic setting for unforgettable sunset gatherings. A gated breezeway leads to the elevated main floor, accessible via a grand walnut staircase or the Vertech glass-walled residential elevator. From the Great Room the breathtaking views steal the show—truly unmatched on Anna Maria Island. The open-concept design seamlessly blends indoor and outdoor living, showcasing soaring vaulted ceilings, rich wood beams, and a warm, sophisticated ambiance. The state-of-the-art gourmet kitchen serves as the heart of the home, designed for both culinary excellence and effortless entertaining. A custom-lit glass countertop, created by ThinkGlass of Montreal, adds a striking focal point, while exquisite imported cabinetry from Hutton Beilman Design integrates seamless Bamboo and Walnut Pilasters. Cambria Quartz and Bridgewater Stone countertops flow through the expansive cooking island, espresso station, and bar. The walls feature a luxurious hand-polished French Polynesian faux finish, complementing the oversized Elysium Travertine floors that extend through the retractable 20-ft glass doors to the outdoor lanai. Spanning 800 sq. ft., the covered lanai is an entertainer’s paradise, complete with an exquisite outdoor kitchen, a fire-lit lounge, an outdoor dining room and an elevated spa all overlooking Bimini Bay. The gourmet outdoor kitchen boasts Quartzite countertops, a Neolith stone backsplash, a Lynx grill, and even a Teppanyaki cooking station—ideal for preparing fresh seafood while soaking in the stunning waterfront panorama. Retractable screens provide privacy and protection from the elements, allowing for year-round enjoyment. Described as a private island resort, this estate offers an unparalleled living experience. Every detail has been meticulously crafted to deliver luxury, comfort, and exclusivity. View this spectacular property online at AMIDREAMHOME.

Details

Property type

Single Family Residence

Est. home value

$5,169,397

Lot size

0.37 acres

Price per sq ft

$2,417

Year built

2020

Annual property taxes

$56,029.61

HOA

No

Price History

03/06/2025
StellarMLS

StellarMLS #A4643195

Listed
$8,995,000
-8.12%
12/31/2024
StellarMLS

StellarMLS #A4616540

Removed
$9,789,500
07/11/2024
StellarMLS

StellarMLS #A4616540

Listed
$9,789,500
+683.16%

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?

Status: Active

Tomo last checked: 03/10/2025 at 9:05 PM

Listing updated: 03/07/2025 at 6:58 AM

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

MLS: StellarMLS #A4643195

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