tomo logo

$4,300,000

Beds
4
Baths
3.0
sq ft
2,802

516 Kumquat Dr, Anna Maria, FL 34216

516 Kumquat Dr

ANNA MARIA, FL 34216

  • 3 days on market
Welcome to Open Palms an intimate luxury waterfront home on one of the few canals in the City of Anna Maria with open water access with no bridges. Although zoned for weekly rentals this property has never been rented. Built by Gagne Construction with detailed design collaboration with the owners, here mentioned a partial list of all the incredible features: The dock is 50 feet long with 30-foot fixed and 20-foot floating with tide and with movable kayak/SUP board assist bar and ladder access from fixed portion. The dock is 10 feet deep and has a deployable rescue ladder to canal. The city building code changed after dock was built. Now, docks cannot exceed 20 feet in length. It includes fish light, perimeter flush-mount LED safety lights, and a power pedestal with hose bib. The Golden boat lift capacity is 14,000 pounds, with normal resting height and storm height settings, and a remote control. Owner added Swingstoppers® system for securing boat in hurricanes, canal-side ladder and catwalk installed for applying Swingstoppers. Seawall was completely replaced in 2016, including dead-man anchors to keep seawall from leaning towards canal. The home has 30 helical piers set into the lot onto which foundation bases were poured. Rebar was set into foundation bases to extend into the masonry block structural columns, which were then filled with concrete and tied to the first course of framing for floor above ground level. Wind mitigation report from construction verifies compliance with Miami-Dade standards. Fire escape ladder and platform from third floor to ground, only deployable from third floor and not accessible from ground. Propane-powered Kohler 20-kilowatt generator on third-floor landing, powers air conditioning on main floor, microwave, refrigerators, ceiling fans throughout. A 400-gallon tank runs it for 10-14 days. Three stop elevator is accessible from foyer, kitchen and sitting room. Stairs leading down to foyer/garage and from third floor have built-in pocket pet/toddler doors with rare-earth magnetic catches. Kitchen appliances include GE Profile™ 27.9-cubic-foot Smart Fingerprint Resistant four-door French-door refrigerator with door in door for quick beverage access, outside filtered water/ice dispenser, control panel, and Wi-Fi accessible status indicators. GE Profile™ microwave/oven combination with Advantium™ technology. GE Profile™ Bluetooth-enabled dishwasher and GE Profile™ 36-inch five-element, built-in touch control induction cooktop in island with GE telescopic downdraft exhaust fan that is vented to outside through basement ceiling with magnetic closing, screened vent cap to discourage infiltration of pests and water during storms. The laundry room includes Samsung smart top-load washer, including built-in sink for pre-washing delicates. Front-load dryer that is vented outside via magnetic, screened vent flap to discourage pest and water infiltration during storms. Custom stainless steel counter with sink and pulldown, two-function faucet, drying rod. Custom ceiling-height cabinets. Iron-A-Way recessed wall-mounted ironing center with task light on timer or powered off by closing cabinet door, power outlet, hot iron storage. Circuit breakers, main and generator-fed circuits, with whole-house surge suppression added. 2025 flood gates have been added to the garage doors, and all doors that lead into the property for peace of mind. Meticulously cared for and covered by Choice Home Warranty transferable to new owner.

Details

Property type

Single Family Residence

Est. home value

$4,847,863

Lot size

0.26 acres

Price per sq ft

$1,535

Year built

2018

Annual property taxes

$21,673

HOA

No

Price History

03/16/2025
StellarMLS

StellarMLS #A4644037

Listed
$4,300,000
-12.16%
07/03/2024
StellarMLS

StellarMLS #A4579882

Removed
$4,895,000
03/21/2024
StellarMLS

StellarMLS #A4579882

Price change
$4,895,000
-6.67%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Manatee High

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

$3,497,621
Asking price
$4,300,000
Closing costs (~8% of asking)
-$344,000
Est. remaining loan balance
-$458,379
Cash to seller
$3,497,621

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

March 2020

Original loan amount

$510,400

Est. remaining balance

$458,379

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Haddox James David

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: 03/19/2025 at 5:10 AM

Listing updated: 03/18/2025 at 12:27 PM

Listed by: Shellie Young, PA, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 383-2500

MLS: StellarMLS #A4644037

StellarMLS logo

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