Active

$1,695,000

Features:
  • 3 Bedrooms
  • 3 Bathrooms
  • 1902 sq ft
Overview
  • ID: MFRA4693882
  • Bedrooms: 3
  • Bathrooms: 3
  • Size: 1902 sq ft
Property Details
Remarks
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!
Financial Considerations
Price:
$1,695,000
HOA Fee:
N/A
Tax Amount:
$3591
Price per SqFt:
$891.17
Tax Legal Description:
LOT 10, BIMINI BAY COLONY CLUB SUB PI#70587.0000/1
Exterior Features
Lot Size:
8350
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Converted Garage, Driveway, Ground Level
Roof:
Metal, Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
3
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Carpet, Concrete, Laminate
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1984
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other, Private Entrance, Private Mailbox, Private Yard, Sliding Doors, Storage
Additional Features 2:
N/A
Map
  • Address
    306 PALM AVE
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