tomo logo

$1,955,400

Beds
4
Baths
3.5
sq ft
3,194

5531 2nd Avenue Cir W, Palmetto, FL 34221

5531 2nd Avenue Cir W

PALMETTO, FL 34221

  • 4 days on market
Experience breathtaking sunsets every evening from your custom-built, modern Key West-style waterfront home in the exclusive, gated community of Terra Ceia Bay Estates, featuring only ten residences. Arrive by boat via Tampa Bay's open waters to your private 90-foot dock with a 20,000-pound boat lift, or park in your expansive five-car garage equipped with ample storage. An elevator conveniently takes you to any of the home’s three levels. The mid-level main entrance welcomes you to an open-concept living area with stunning 180° water views, showcased through disappearing four-panel pocket sliding glass doors. The living room boasts a spacious wood-burning fireplace with a custom wood mantle, granite hearth, and built-ins, all beneath soaring 10-foot coffered ceilings with in-ceiling Bose surround sound speakers. These high ceilings continue throughout the home, complemented by ¾-inch solid Acacia hand-scraped hardwood floors, along with marble and travertine tile accents in the kitchen and bathrooms. The gourmet kitchen is a chef’s dream, offering a large walk-in pantry, granite countertops, under-cabinet and valance lighting, a touchless Kohler faucet, a generously sized island with bar seating, and a breakfast nook perfect for entertaining. It’s outfitted with high-end appliances, including a double oven, a five-burner low-profile electric cooktop, and a microwave drawer—ideal for hosting gatherings or preparing meals for family and friends. Adjacent is a formal dining room with crown molding and its own private balcony. On the third floor, the primary suite serves as a luxurious retreat, featuring a tray ceiling, a mirrored dressing area, and glass French doors leading to a private deck. A spiral staircase ascends to a crow’s nest, 40 feet above ground, where you can enjoy sunsets with panoramic views of the bay and Skyway Bridge. The ensuite bathroom offers heated travertine floors, a double vanity with granite countertops, a 12-jet Jacuzzi tub with an inline whirlpool heater, and an oversized walk-in shower with dual rainheads, four body sprays, and a shower wand. A nearby laundry room adds convenience, while an additional bedroom on this level includes a private bath with mosaic tile accents and a spacious wardrobe closet. Additional features of the home include solid core 8-foot interior doors, whole-house dimmable LED lighting, ceiling fans throughout, metal roofing, vinyl siding, Icynene attic spray foam insulation, a security system, PGT hurricane-rated impact windows and doors, see-through cable railing, and Trex composite decking. Outdoor amenities include dock lighting, a remote GEM boat lift controller, a 50A/30A shore power tower, and an in-ground sprinkler system. The home is located just 25 minutes from downtown St. Petersburg, 35 minutes from Tampa International Airport, and 20 minutes from University Mall. The HOA fee of $500/month covers community pool access, lawn and shrub maintenance, fertilization, and irrigation water.

Details

Property type

Single Family Residence

Est. home value

$1,907,001

Lot size

0.29 acres

Price per sq ft

$613

Year built

2014

Annual property taxes

$13,413

Monthly HOA fee

$500

Price History

12/30/2024
StellarMLS

StellarMLS #A4633131

Listed
$1,955,400
+51%
10/01/2020
StellarMLS

StellarMLS #U8092828

Sold
$1,295,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Pool

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

$918,801
Asking price
$1,955,400
Closing costs (~8% of asking)
-$156,432
Est. remaining loan balance
-$880,167
Cash to seller
$918,801

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

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

October 2020

Original loan amount

$971,250

Est. remaining balance

$880,167

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Rhonda Bennett and Daniel F Barr

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: 01/03/2025 at 1:35 AM

Listing updated: 12/31/2024 at 6:55 AM

Listed by: Tim Lester, TIM LESTER INTERNAT'L REALTY Phone #: (941) 981-5388

MLS: StellarMLS #A4633131

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