tomo logo

$4,500,000

Beds
5
Baths
5.0
sq ft
3,202

505 S Bay Blvd, Anna Maria, FL 34216

505 S Bay Blvd

ANNA MARIA, FL 34216

  • 248 days on market
Discover your own piece of PARADISE on Anna Maria Island's North end with this stunning Custom Elevated-Built WATERFRONT home. Perfectly situated for easy access to Anna Maria Pier, pristine beaches, waterfront dining, and Pine Avenue's shopping delights, this home offers unparalleled convenience and BREATHTAKING VIEWS! Indulge in culinary delights in the gourmet kitchen featuring two expansive islands, amazing quartz countertops, and top-of-the-line appliances. With five spacious bedrooms, including 4 with private bathrooms, multiple living areas, and a bonus loft, this home offers ample space for RELAXATION and entertaining. Dive into LUXURY with a heated saltwater pool and enjoy boating adventures with the boat dock and lift on the canal. Eco-friendly features such as a rainwater cistern system and energy-efficient elements ensure sustainable living. Additional perks include an elevator servicing all floors, and dual garages with storage. With over $100k in vacation rental income and potential to exceed $200k annually, this turn-key ready home offers both a LUXURIOUS LIFESTYLE and investment opportunity. All furnishings are included, making it truly turnkey. This home, with a grandfathered clause allowing accommodation for up to 12 people instead of the current 8 person max capacity, presents an ideal VACATION GETAWAY with substantial rental income potential. Escape to WATERFRONT LIVING at its finest – schedule your private viewing today!

Details

Property type

Single Family Residence

Est. home value

$3,192,838

Lot size

7,301 sq ft

Price per sq ft

$1,406

Year built

2014

Annual property taxes

$36,196

Price History

03/05/2024
StellarMLS

StellarMLS #T3509233

Listed
$4,500,000
+188%
09/28/2020
StellarMLS

StellarMLS #A4466580

Sold
$1,562,500
+346.43%
06/04/2013
StellarMLS

StellarMLS #M5834678

Sold
$350,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$3,003,704
Asking price
$4,500,000
Closing costs (~8% of asking)
-$360,000
Est. remaining loan balance
-$1,136,296
Cash to seller
$3,003,704

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Td Bank Na

Loan start date

September 2020

Original loan amount

$1,250,000

Est. remaining balance

$1,136,296

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

R & R Anna Maria Holdings Llc

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?

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Status: Active

Tomo last checked: 11/08/2024 at 7:05 AM

Listing updated: 09/04/2024 at 1:08 PM

Listed by: Kyle Miller, INSTA REAL ESTATE SOLUTIONS Phone #: (813) 586-0654

MLS: StellarMLS #T3509233

StellarMLS logo

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