$3,490,000
$505K PRICE DROP

408 Magnolia Ave Anna Maria, FL 34216

Estimated payment $19,948/month

Total Views 14,328
6 Beds
6.5 Baths
3,545 Sq Ft
$984 Price per Sq Ft

Highlights

  • Water access To Gulf or Ocean To Bay
  • Heated In Ground Pool
  • Open Floorplan
  • Anna Maria Elementary School Rated A-
  • Ocean To Bay Views
  • Coastal Architecture

About This Home

Check out the SQF price!!!!!!!! CAN NOT BUILD THIS HOME FOR THIS PRICE!!!! Completed in December 2023, welcome to Boundless Waves – walk to beach with income hovering close to or at $300,000 a year. An exceptional coastal retreat in the heart of Anna Maria Island.
This stunning 6-bedroom, 6.5-bath luxury residence is being offered fully turnkey with high end furnishings and fixtures ready for you or your guests to settle in and start enjoying island life immediately. Designed with effortless elegance and comfort in mind, the home features lush tropical landscaping, a+private heated pool, & SPA and an expansive rooftop deck with sweeping views of Anna Maria Island Gulf and Bay both. Large 3+ car garage and game room.

Step inside to discover a bright, open-concept floor plan with custom contemporary finishes throughout. The main living level showcases a designer kitchen equipped with sleek stainless steel appliances, a statement island, and plenty of room for entertaining. The dining area and great room flow seamlessly onto a spacious covered deck, inviting the outdoors in and filling the home with natural light.

Also on the main floor, you'll find a convenient half bath, a laundry room, two guest suites with private baths, and a serene primary suite complete with French doors leading to a private deck.

Upstairs offers even more flexibility with a den/lounge area, a full guest bath, two additional guest suites, and a luxurious second primary suite featuring a spa-style shower and a generous walk-in closet.

The crown jewel? A rooftop deck where you can soak in panoramic island views both Gulf views and bay views and of the skyway bridge and breathtaking sunsets — the perfect way to begin and end each day.

Located just moments from Anna Maria’s charming shops, top-rated dining, and pristine beaches, this home is ideally positioned for both personal enjoyment and investment. With a nightly rental policy, Boundless Waves has strong rental income while offering maximum flexibility for owners and guests alike. Rental $300,000.00 +\- per year income

Listing Agent

Christine Kourik

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-778-7777 License #3346128 Listed on: 04/15/2025

RE/MAX ALLIANCE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,179

Year Built

  • Built in 2023

Lot Details

  • 7,540 Sq Ft Lot
  • Lot Dimensions are 52.1x145
  • North Facing Home
  • Vinyl Fence
  • Mature Landscaping
  • Irrigation Equipment
  • Landscaped with Trees
  • Property is zoned R1

Parking

  • 3 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Off-Street Parking
  • Golf Cart Parking

Property Views

  • Ocean To Bay
  • City
  • Garden
  • Pool

Home Design

  • Coastal Architecture
  • Traditional Architecture
  • Elevated Home
  • Bi-Level Home
  • Slab Foundation
  • Stem Wall Foundation
  • Frame Construction
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 3,545 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Drapes & Rods
  • French Doors
  • Combination Dining and Living Room
  • Bonus Room
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Upstairs
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Property is near a marina
  • Balcony
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Manatee High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Anna Maria Beach Community
  • Anna Maria Beach Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,179

Year Built

Built in 2023

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Coastal, Traditional
  • Construction Materials: Block, Frame
  • Fireplace: No
  • Living Area: 3545
  • Lot Size Acres: 0.17
  • New Construction: No
  • Year Built: 2023
  • Building Area Total: 4655
  • Lot Size Sq Ft: 7540
  • Directions to Property: Manatee Ave to Gulf Dr follow Street On left across from the AMI center
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047486
  • Minimum Lease: 1-7 Days
  • Number Of Pets: 10+
  • RATIO Current Price By Calculate: 984.49
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Elevated
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-778-7777
  • Tax Year: 2024
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab, Stem Wall
  • Total Bedrooms: 6
  • Levels: Two
  • Other Equipment: Irrigation Equipment
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Window Features: Drapes, Thermal Windows, Window Treatments
  • Street Number Modifier: 408
  • Additional Rooms: Bonus Room
  • Living Area Meters: 329.34
  • Room Count: 9

Exterior Features

  • Direction Faces: North
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, French Doors, Lighting, Rain Gutters
  • Roof: Metal
  • Pool Private: Yes
  • View: City, Garden, Pool, Water
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Patio, Rear Porch
  • Road Surface Type: Paved
  • Water Access: Gulf/Ocean to Bay
  • Water Extras YN: 0
  • Water View: Gulf/Ocean to Bay
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Golf Cart Parking, Ground Level, Guest, Off Street, Oversized

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Air, Zoned
  • Heating: Electric, Zoned
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Manatee High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R1
  • Parcel Number: 7008400009
  • Additional Parcels: No
  • Fencing: Fenced, Vinyl
  • Lot Features: Landscaped, Near Golf Course, Near Marina, Near Public Transit, Paved
  • Lot Dimensions: 52.1x145
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 700

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: See City of Anna Maria Code Enforcement for Lease Restrictions

Tax Info

  • Tax Annual Amount: 11179.26
  • Tax Block: 4
  • Tax Book Number: 1-211
  • Tax Lot: 11

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,282 $932,093 $880,447 $51,646
2023 $11,179 $880,447 $880,447 $0
2022 $9,664 $784,454 $534,220 $250,234
2021 $9,277 $641,256 $481,520 $159,736
2020 $8,811 $583,716 $438,900 $144,816
2019 $8,331 $559,156 $413,820 $145,336
2018 $8,009 $549,594 $413,820 $135,774
2017 $6,929 $526,584 $0 $0
2016 $6,619 $498,226 $0 $0
2015 $4,662 $451,891 $0 $0
2014 $4,662 $273,066 $0 $0
2013 $4,232 $237,449 $159,300 $78,149
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $3,490,000 -0.3% $984 / Sq Ft
06/17/2025 06/17/25 Price Changed $3,499,000 -2.7% $987 / Sq Ft
06/06/2025 06/06/25 Price Changed $3,595,000 -5.3% $1,014 / Sq Ft
05/21/2025 05/21/25 Price Changed $3,795,000 -5.0% $1,071 / Sq Ft
04/15/2025 04/15/25 For Sale $3,995,000 +387.2% $1,127 / Sq Ft
03/26/2021 03/26/21 Sold $820,000 -1.8% $687 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
11/21/2020 11/21/20 Price Changed $835,000 -0.6% $700 / Sq Ft
11/17/2020 11/17/20 Price Changed $840,000 -1.2% $704 / Sq Ft
11/04/2020 11/04/20 Price Changed $850,000 -2.3% $712 / Sq Ft
10/28/2020 10/28/20 Price Changed $870,000 -0.6% $729 / Sq Ft
10/09/2020 10/09/20 Price Changed $875,000 -1.1% $733 / Sq Ft
09/23/2020 09/23/20 Price Changed $885,000 -1.6% $742 / Sq Ft
09/17/2020 09/17/20 For Sale $899,000 -- $754 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $820,000 Foundation Title & Trust Llc
Warranty Deed $127,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,349,000 Construction
Closed $2,349,000 New Conventional
Closed $1,100,000 Construction
Closed $615,000 Commercial
Previous Owner $91,392 Unknown
Previous Owner $180,000 Unknown
Previous Owner $107,950 No Value Available
Source: Public Records

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Source: Stellar MLS

MLS Number: A4648875

Stellar MLS

APN: 70084-0000-9