3 Beds
3 Baths
1,902 SqFt
3 Beds
3 Baths
1,902 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,902 sqft
Price per Sqft $748
Subdivision Bimini Bay Colony Club
MLS Listing ID A4693882
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1984
Annual Tax Amount $3,591
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
**LOCATION IS EVERYTHING, AND THIS ONE IS HARD TO BEAT! * Welcome to 306 Palm Avenue, an incredible opportunity to own a piece of paradise in one of the most sought-after locations on Anna Maria Island! Situated on the island's highly desirable NORTH END, just a short stroll from the breathtaking beaches and the charming shops, restaurants, and boutiques of Pine Avenue, this property offers the location, lot size, and potential that buyers dream about!
Sitting on an approximately **8,350-square-foot (.19-acre) lot**, this property presents an exceptional opportunity for investors, builders, or buyers looking to create their very own island retreat. Whether you're envisioning a stunning new coastal home, a complete transformation of the existing residence, or a vacation getaway with income-producing potential, the possibilities are exciting! The existing 3-bedroom, 3-bathroom home offers approximately 1,902 square feet of living space, including a separate mother-in-law suite configuration, providing an opportunity to explore a variety of renovation options.
**ONE OF THE PROPERTY'S MOST UNIQUE FEATURES IS ITS SEPARATELY DEEDED ARTESIAN WELL!** A distinctive feature that sets this property apart, offering a potential water source for irrigation and landscaping, subject to verification of its condition and permitted uses. The property's well reportedly provides irrigation water to the nearby community center, making it a distinctive part of this north-end property. Imagine creating your own lush tropical oasis with beautiful palms, vibrant landscaping, and an inviting outdoor living space! This property can be sold with or without the well!
**WEEKLY RENTALS ARE PERMITTED**, adding another layer of opportunity for those considering a vacation home or investment property. With the Gulf beaches just moments away and the shopping, dining, and old-Florida charm of Pine Avenue nearby, this is the kind of location that makes Anna Maria Island so desirable.
The existing home sustained flooding during the 2024 hurricanes and requires substantial renovation, making this an ideal opportunity for buyers ready to bring their contractor, architect, and imagination. A newer metal roof installed in 2024 is already in place, offering an additional feature for those considering renovation.
**NOW OFFERED AT $1,424,000 — A $271,000 REDUCTION FROM THE ORIGINAL ASKING PRICE!** Opportunities to secure a sizable lot in this coveted north-end location don't come along every day. Whether your vision is to renovate, reimagine, or explore new construction, 306 Palm Avenue is your chance to create something truly special on Anna Maria Island!
**DON'T JUST BUY A HOUSE — CREATE YOUR OWN PIECE OF PARADISE!**
Location
State FL
County Manatee
Community Bimini Bay Colony Club
Area 34216 - Anna Maria
Zoning R1
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Carpet, Concrete, Laminate
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Range, Refrigerator, Washer
Laundry Electric Dryer Hookup, Inside, Washer Hookup
Exterior
Exterior Feature Other, Private Entrance, Private Mailbox, Private Yard, Storage
Parking Features Converted Garage, Driveway, Ground Level
Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected
View Y/N No
Water Access No
Roof Type Metal,Other
Exposure South
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Concrete,Stucco
New Construction false
Schools
Elementary Schools Anna Maria Elementary
Middle Schools Martha B. King Middle
High Schools Manatee High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Nearby Locations
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