Stacey Olive
REALTOR®
BEDS3
BATHS3 full
SQUARE FEET1,902
MLS#A4693882
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONBIMINI BAY COLONY CLUB
Property Description
LOCATION! NEW STEEL ROOF! .19 ACRE LOT! RARE ARTISAN WELL! MOTHER-IN-LAW SUITE! Opportunity is knocking on one of the most desirable streets on Anna Maria! This rare opportunity offers incredible potential in an unbeatable location. Just moments from the beach, the bay, the community center, and the shops and restaurants of Pine Avenue. This 3 bedroom, 3 bathroom home sits on an oversized .19-ACRE LOT in the heart of Anna Maria. The property features a NEW STEEL ROOF installed in MAY 2024 with a TRANSFERABLE 50-YEAR WARRANTY, providing a major upgrade already completed for the next owner. One of the bedrooms functions as a private mother-in-law suite with its own separate entrance, full bathroom, and existing hookups for a kitchenette - ideal for guests, extended family, or added rental flexibility. A unique highlight of the property is the separately deeded ARTISAN WELL, which supplies irrigation water to the community center as well as neighboring properties. This creates both community value and potential tax benefits! WEEKLY RENTALS are allowed, making this an outstanding opportunity for investors, builders, or buyers looking to create their dream island home. The property experienced flooding and will require renovation/gutting, but the location, lot size, and valuable existing features make this a truly exceptional investment opportunity on Anna Maria Island!
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Heating: Central
Lot Size: 0.19 Acres
Roof Type: Metal, Other
Stories: 1.0
Taxes: $3,591
Year Built: 1984
Amenities
Ceiling Fans(s)
Living Room/Dining Room Combo
Walk-In Closet(s)
Other
Private Entrance
Private Mailbox
Private Yard
Sliding Doors
Storage
Feature Descriptions
Appliances: Dishwasher, Range, Refrigerator, Washer
Days on Site: 171
Directions: Cross the manatee bridge onto Anna Maria Island. Stay straight on Manatee Ave and continue through Holmes Beach toward Anna Maria. Proceed North on Gulf Dr into the City of Anna Maria. Turn right on Palm Ave, the home will be on the left.
Exterior: Block, Concrete, Stucco
Flood Zone Code: AE
Flooring: Carpet, Concrete, Laminate
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.19
Number of Wells: 1
Other Equipment: Private Entrance, Private Yard
Other Structures: Shed(s)
Ownership: Fee Simple
Parking: Converted Garage, Driveway, Ground Level
Parking Notes: Converted Garage, Driveway, Ground Level
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Supra Lock Box
Special Sale Provisions: None
Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R1
Local Schools
High School: Manatee High
Middle School: Martha B. King Middle
Elementary School: Anna Maria Elementary
Listed By / Shown By
Listed By
Agency Name: DUNCAN REAL ESTATE, INC.
Agency Contact: 941-779-0304
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 9,274.46 per month $8,530.42 Principal & Interest $299.25 Property Tax $444.79 Homeowner's InsuranceChange Payment Information
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306 Palm Avenue | MLS# A4693882
This single family home located at 306 Palm Avenue, Anna Maria, FL 34216 is currently listed for sale with an asking price of $1,525,000. This property was built in 1984 and has 3 bedrooms and 3 full baths with 1902 sq. ft. Palm Avenue is located in the BIMINI BAY COLONY CLUB subdivision. Search BIMINI BAY COLONY CLUB real estate on www.soldwithstacey.net today.