by RH Advisors

Check Availability
$4,500,000
House - For Sale

505 S Bay BOULEVARD

ANNA MARIA, FL 34216
bedrooms
5 Beds
bathrooms
5 Baths
square feet
3202 Sqft
$25,113
Estimated Monthly
$0
HOA / Fees
0.24%
Cap Rate

About This Property

Discover your own piece of PARADISE on Anna Maria Island's North end with this stunning Custom Elevated-Built WATERFRONT home. Perfectly situated for easy access to Anna Maria Pier, pristine beaches, waterfront dining, and Pine Avenue's shopping delights, this home offers unparalleled convenience and BREATHTAKING VIEWS! Indulge in culinary delights in the gourmet kitchen featuring two expansive islands, amazing quartz countertops, and top-of-the-line appliances. With five spacious bedrooms, including 4 with private bathrooms, multiple living areas, and a bonus loft, this home offers ample space for RELAXATION and entertaining. Dive into LUXURY with a heated saltwater pool and enjoy boating adventures with the boat dock and lift on the canal. Eco-friendly features such as a rainwater cistern system and energy-efficient elements ensure sustainable living. Additional perks include an elevator servicing all floors, and dual garages with storage. With over $100k in vacation rental income and potential to exceed $200k annually, this turn-key ready home offers both a LUXURIOUS LIFESTYLE and investment opportunity. All furnishings are included, making it truly turnkey. This home, with a grandfathered clause allowing accommodation for up to 12 people instead of the current 8 person max capacity, presents an ideal VACATION GETAWAY with substantial rental income potential. Escape to WATERFRONT LIVING at its finest – schedule your private viewing today!
Unit Size
3,202Ft²
Days on Market
55 days
Land Size
0.17 acres
Price per sqft
$1,405
Property Type
House
Property Taxes
$3,016
HOA Dues
-
Year Built
2014
Listed By
Kyle Miller
COLDWELL BANKER RESIDENTIAL
Last updated: 2 months ago (Stellar MLS #T3509233)

Price History

Date / Event Date Event Price
Mar 5, 2024 Listed by INSTA REAL ESTATE SOLUTIONS $4,500,000
Listed by INSTA REAL ESTATE SOLUTIONS
Sep 28, 2020 Sold $1,562,500
Sold
Jul 8, 2017 Listed $1,850,000
Listed
Refreshed & renewed! Come see this freshly updated 3200sf North End gem with over $100k in rental income! Unbelievable open, bright space and gorgeous Bay views! Brew your coffee in the chef's kitchen of this spacious 5 bedroom/5 bath waterfront home with new seawall and dock. Step out onto one of your four picturesque porches and take in your bay and canal views. With fabulous sunrises over the Bay and relaxing water views down the canal, just steps to the city pier, the shops of Pine…

Property Highlights

Elevator
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details

Bathroom Information

Full Bathrooms: 5

Interior Information

Interior Features: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Elevator, L Dining, Thermostat, Walk-In Closet(s), Window Treatments
Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
Flooring Type: Bamboo, Ceramic Tile, Porcelain Tile
Laundry Features: Inside, Laundry Room, Upper Level

Room Information

Rooms: 10

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 23
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 514
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 730
  • Total Building Area: 5,435
  • Gross Building Area: 5,435
  • Building Area: 3,202
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,202
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: WELLS BAY HARBOR SECTION A REPLAT
  • Land Acres: 0.168
  • Legal Description 1: LOT 7 REPLAT OF LOTS 74 THRU 85 WELLS BAY HARBOR SEC A PI#69355.0000/6

Ownership

  • Current Owner : R & R ANNA MARIA HOLDINGS LLC
  • Previous Owner : MCCAUGHAN MARIE ANN
  • Previous Owner 2: HATCH CHRISTINE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 001802

Zoning

  • Zoning: AM_R-1

Geography

  • Assessors Map Reference: 11H
  • Subdivision Tract Number: 06934700
  • Parcel: 69355-0000-6
  • Lot: 7
  • Meridian: SEC 17 TWN 34S RNG 16E
  • Municipality: ANNA MARIA
  • Latitude: 27.5304
  • Longitude: -82.7277

    Address

  • Full Address: 505 S Bay Blvd
  • Address - House Number: 505
  • Street Direction: S
  • Address - Street Name: Bay
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Anna Maria
  • Zip Code: 34216

Valuation

    Tax

  • Total Area: 330
  • Tax Year: 2022
  • Tax Amount: $28,364
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.255
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 63
  • Final Value: 2,548,224
  • High Value: 3,198,096
  • Low Value: 1,898,353

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,250,000
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: Sep 28, 2020
  • First Open Lien Mortgage Loan Amount: $1,250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $2,983,977
  • Market Land Value: $898,875
  • Market Improvement Value: $2,085,102

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,983,977
  • Assessed Land Value: $898,875
  • Assessed Improvements Value: $2,085,102

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Sep 28, 2020
  • Current Sale Transaction ID: 11789930606
  • Current Sale Price: $1,562,500
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 202041103724
  • Previous Sale Recording Date: Feb 01, 2017
  • Previous Sale Contract Date: Feb 01, 2017
  • Previous Sale Amount: $100
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: TD BANK NA
  • First Mortgage Transaction Date: Sep 28, 2020
  • First Mortgage Loan Amount: $1,250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Oct 01, 2050

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6 Baths
3,125 ft²
$1,376/ft²
$4,300,000 Nov 9, 2022
$4,300,000 Oct 17, 2023
$579/mo
House
4 Beds
3 Baths
3,102 ft²
$1,515/ft²
$4,700,000 Jun 19, 2023
$4,700,000 Oct 19, 2023
$3,016/mo
House
4 Beds
5 Baths
3,155 ft²
$1,379/ft²
$4,350,000 Jul 3, 2023
$4,350,000 Aug 21, 2023
$863/mo
House
4 Beds
5 Baths
2,528 ft²
$1,384/ft²
$3,500,000 Nov 14, 2023
$3,500,000 Jan 3, 2024
$1,666/mo
House
4 Beds
5 Baths
2,664 ft²
$1,126/ft²
$3,000,000 Oct 31, 2022
$3,000,000 Oct 30, 2023
$2,511/mo
House
4 Beds
3 Baths
2,940 ft²
$1,088/ft²
$3,200,000 Mar 2, 2023
$3,200,000 Oct 4, 2023
$1,830/mo
House
4 Beds
3 Baths
2,804 ft²
$1,871/ft²
$5,245,000 Aug 27, 2023
-
$1,791/mo
House
6 Beds
7 Baths
3,545 ft²
$1,157/ft²
$4,100,000 Mar 4, 2024
-
$4,016/mo
House
4 Beds
5 Baths
2,803 ft²
$1,784/ft²
$4,999,999 Nov 7, 2023
-
$2,417/mo
House
4 Beds
5 Baths
3,022 ft²
$1,307/ft²
$3,950,000 Nov 30, 2023
-
$3,872/mo
House
6 Beds
7 Baths
3,545 ft²
$1,240/ft²
$4,395,000 Jan 4, 2024
-
$932/mo
House
4 Beds
4 Baths
2,832 ft²
$1,465/ft²
$4,150,000 Apr 10, 2023
-
$2,072/mo

About Anna Maria


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Frequently Asked Questions

When was property at 505 South Bay Boulevard built and last sold?
The property at 505 South Bay Boulevard was built in 2014 and last sold on Sep 24, 2020 for $1,562,500.
How much is this home worth?
The estimated value of the home located at 505 South Bay Boulevard is $4,545,000.
What are some comparable homes to 505 South Bay Boulevard?
Homes that are comparable to 505 South Bay Boulevard include a house property at 516 Kumquat Drive, 421 Pine Avenue, 112 Mangrove Avenue.

Neighborhoods
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