NOT LISTED FOR SALE

511 Magnolia Ave Anna Maria, FL 34216

Estimated Value: $2,959,000 - $3,158,000

4 Beds
3 Baths
2,940 Sq Ft
$1,040/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $3,200,000 $1,088 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $19,586/month

171 Days on Market

Highlights

  • 100 Feet of Salt Water Canal Waterfront
  • Dock made with wood
  • Reverse Osmosis System
  • Anna Maria Elementary School Rated A-
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of October 2023

Welcome to "Sea Life Happy" 511 Magnolia Ave. This stunning CANAL FRONT HOME is deceivingly large and perfectly located close to everything Anna Maria has to offer. Beautiful beaches, the crystal blue waters of the Gulf, Pine Avenue, unique shopping, wonderful restaurants, and The Historic Anna Maria Pier, just to name a few. Anna Maria's beloved Community Center is also just down the road, offering fitness classes, youth activities, interesting lectures, Friday bingo (don't knock it til you try it), live theater and a wonderful concert series. Beyond location, there are so many special features this house has to offer. Step inside the bright and airy chef's kitchen boasting high ceilings, new stainless steal appliances, white cabinetry, island seating, large pantry, and a charming dining area with cozy window seat. A substantial addition was made to the original home in 2012 which added significant living and entertaining space including the comfortable family room, outside Balcony and entire 3rd floor. Living area offers plenty of seating and a game table for family fun night, sliding glass doors lead to a large covered balcony with a spiral staircase down to your private pool. The main floor of the home also features a cheerful office, 2 bedrooms and 2 bathrooms (one a master with walk in closet and en-suite), There is a well appointed laundry room with new washer and dryer, cabinets, counter space, plenty of storage and Central Vacuum Station. A wide staircase will take you to a 3rd level guest bedroom and a true OWNER'S RETREAT! A privacy entrance leads to a spacious master bedroom with 2 large walk-in closets and luxurious en-suite bathroom with double vanity, soaking tub and large separate shower enclosure. Now let's move on to the 2,000 sq ft of non conforming BONUS SPACE! This unbelievable home has a ground floor private guest suite large enough to accommodate a king bed and a full bed with a bunk above. Large closets and another full bathroom. Another door leads to an indoor game room and bar area, a favorite place to gather and relax after a long fun filled day on the boat. Take the party outside to the newly finished 2023 saltwater pool and spa. Your Oasis back yard includes an outdoor shower, privacy landscaping and lighting leading to a walkway between the mangroves (no seawall) to your dock and boat lift on the wide canal near the mouth of Bimini Bay with NO BRIDGES to the open waters of the Gulf of Mexico. The home also features an oversized 2 car garage with loads of storage spaces, a complete home Safeway Water Filtration System installed in 2020 as well as a reverse osmosis system in the kitchen, New AC Units, and the roof was completely refitted with all new screws and flashing this year. Currently functions as a second home and successful vacation rental, you cannot miss seeing this spectacular family home! Seller Motivated!

Last Agent to Sell the Property

Dee Munn

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-778-7777 License #3044774 Listed on: 03/02/2023

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Karen Harllee

FRAN MAXON REAL ESTATE Brokerage Phone: 941-778-7777 License #3438420

Last Buyer's Agent

Jen Bowman

KELLER WILLIAMS ON THE WATER License #3559785

KELLER WILLIAMS ON THE WATER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,954

Year Built

  • Built in 1996

Lot Details

  • 8,699 Sq Ft Lot
  • 100 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • North Facing Home
  • Irrigation
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Coastal Architecture
  • Tri-Level Property
  • Slab Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 2,940 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Family Room Off Kitchen
  • Living Room
  • Home Office
  • Tile Flooring
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Outdoor Shower

Outdoor Features

  • Access to Saltwater Canal
  • Dock made with wood
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Water Filtration System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lardas Sub Community
  • Lardas Unit Three Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,954

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Coastal
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2940
  • Lot Size Acres: 0.2
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 5956
  • Lot Size Sq Ft: 8699
  • Directions to Property: Follow Manatee Ave West to Gulf Ave. Head North to Magnolia Ave. turn right on Magnolia, home is one the right.
  • Status: Sold
  • Co List Office Mls Id: MFR281533610
  • Co List Office Phone: 941-778-7777
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047486
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 1088.44
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 3
  • Interior Amenities: Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Kitchen Reverse Osmosis System, Microwave, Refrigerator, Washer, Water Filtration System
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Three Or More
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Street Number Modifier: 511
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 273.13
  • Room Count: 8

Exterior Features

  • Direction Faces: North
  • Pool Features: Heated, In Ground, Salt Water
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Shower, Storage
  • Roof: Metal
  • Pool Private: Yes
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water Access: Canal - Saltwater
  • Water Extras: Dock - Wood,Dock w/Electric
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 100
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 100
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0138F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • 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

Lot Info

  • Zoning: R1
  • Parcel Number: 6920701119
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 808

Rental Info

  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Contact City of Anna Maria for regulations.

Tax Info

  • Tax Annual Amount: 21954
  • Tax Book Number: 23-86
  • Tax Lot: 4

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Nov 9, 2023
Sold by
Ryan J Serra Living Trust
Bought by
Jennifer L Serra Living Trust and Serra
Seller's Agent
Dee Munn
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Jen Bowman
KELLER WILLIAMS ON THE WATER
List Price
$4,295,000
Sold Price
$3,200,000
Premium/Discount to List
-$1,095,000
-25.49%
Views
430
Current Estimated Value
$3,057,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$142,959
Avg. Annual Appreciation
-3.86%

Purchase Details

Listed on
Mar 2, 2023
Closed on
Oct 2, 2023
Sold by
Coolidge Raymond Scott and Coolidge Joda L
Bought by
Ryan J Serra Living Trust and Serra
Seller's Agent
Dee Munn
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Jen Bowman
KELLER WILLIAMS ON THE WATER
List Price
$4,295,000
Sold Price
$3,200,000
Premium/Discount to List
-$1,095,000
-25.49%
Views
430

Purchase Details

Closed on
Mar 13, 2015
Sold by
Adrian Susan L and Adrian Christopher G
Bought by
Coolidge Raymond Scott and Coolidge Joda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,750
Interest Rate
2.97%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 8, 2004
Sold by
Adrian Susan L and Susan L Adrian Qualified Perso
Bought by
Adrian Christopher G and Adrian Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,700
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2001
Sold by
Adrian Susan L
Bought by
Adrian Christopher G and Adrian Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 1997
Sold by
Ca Homes Inc
Bought by
Adrian Christopher G and Adrian Susan L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jennifer L Serra Living Trust $100 None Listed On Document
Ryan J Serra Living Trust $3,200,000 First International Title
Coolidge Raymond Scott -- Barnes Walker Title Inc
Coolidge Raymond Scott $953,000 Barnes Walker Title Inc
Adrian Christopher G -- Barnes Walker Title Inc
Adrian Christopher G -- --
Adrian Christopher G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coolidge Raymond Scott $714,750
Previous Owner Adrian Christopher G $294,000
Previous Owner Adrian Christopher G $326,700
Previous Owner Adrian Christopher G $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2023 10/04/23 Sold $3,200,000 -12.3% $1,088 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
07/28/2023 07/28/23 Price Changed $3,650,000 -8.6% $1,241 / Sq Ft
05/23/2023 05/23/23 Price Changed $3,995,000 -2.4% $1,359 / Sq Ft
04/07/2023 04/07/23 Price Changed $4,095,000 -4.7% $1,393 / Sq Ft
03/02/2023 03/02/23 For Sale $4,295,000 -- $1,461 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

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
2025 $35,151 $2,405,972 -- --
2024 $35,151 $2,338,165 -- --
2023 $28,768 $2,394,382 $998,750 $1,395,632
2022 $18,219 $1,605,247 $550,000 $1,055,247
2021 $17,490 $1,094,510 $500,000 $594,510
2020 $16,619 $990,196 $480,000 $510,196
2019 $16,774 $990,196 $480,000 $510,196
2018 $15,723 $913,634 $440,000 $473,634
2017 $14,083 $852,513 $0 $0
2016 $13,234 $781,968 $0 $0
2015 $8,530 $724,649 $0 $0
2014 $8,530 $531,513 $0 $0
2013 $8,502 $523,658 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4562382

Stellar MLS

APN: 69207-0111-9