$1,590,000
PENDING $365K PRICE DROP

5531 2nd Avenue Cir W Palmetto, FL 34221

Estimated payment $10,015/month

Total Views 5,316
4 Beds
3.5 Baths
3,194 Sq Ft
$498 Price per Sq Ft

Highlights

  • 105 Feet of Bay Harbor Waterfront
  • Dock has access to electricity
  • Gated Community
  • White Water Ocean Views
  • Boat Lift
  • Open Floorplan

About This Home

Under contract-accepting backup offers. Experience breathtaking sunsets every evening from your custom-built, modern Key West-style waterfront home in the exclusive, gated community of Terra Ceia Bay Estates, featuring only ten residences. Arrive by boat via Tampa Bay's open waters to your private 90-foot dock with a 10,000 pound boat lift, or park in your expansive five-car garage equipped with ample storage. An elevator conveniently takes you to any of the home’s three levels. The mid-level main entrance welcomes you to an open-concept living area with stunning 180 water views, showcased through disappearing four-panel pocket sliding glass doors. The living room boasts a spacious wood-burning fireplace with a custom wood mantle, granite hearth, and built-ins, all beneath soaring 10-foot coffered ceilings with in-ceiling Bose surround sound speakers. These high ceilings continue throughout the home, complemented by 3⁄4-inch solid Acacia hand-scraped hardwood floors, along with marble and travertine tile accents in the kitchen and bathrooms. The gourmet kitchen is a chef’s dream, offering a large walk-in pantry, granite countertops, under-cabinet and valance lighting, a touchless Kohler faucet, a generously sized island with bar seating, and a breakfast nook perfect for entertaining. It’s outfitted with high-end appliances, including a double oven, a five-burner low-profile electric cooktop, and a microwave drawer—ideal for hosting gatherings or preparing meals for family and friends. Adjacent is a formal dining room with crown molding and its own private balcony. On the third floor, the primary suite serves as a luxurious retreat, featuring a tray ceiling, a mirrored dressing area, and glass French doors leading to a private deck. A spiral staircase ascends to a crow’s nest, 40 feet above ground, where you can enjoy sunsets with panoramic views of the bay and Skyway Bridge. The ensuite bathroom offers heated travertine floors, a double vanity with granite countertops, a 12-jet Jacuzzi tub with an inline whirlpool heater, and an oversized walk-in shower with dual rainheads, four body sprays, and a shower wand. A nearby laundry room adds convenience, while an additional bedroom on this level includes a private bath with mosaic tile accents and a spacious wardrobe closet. Additional features of the home include solid core 8-foot interior doors, whole-house dimmable LED lighting, ceiling fans throughout, metal roofing, vinyl siding, Icynene attic spray foam insulation, a security system, PGT hurricane-rated impact windows and doors, see-through cable railing, and Trex composite decking. Outdoor amenities include dock lighting, a remote GEM boat lift controller, a 50A/30A shore power tower, and an in-ground sprinkler system. The home is located just 25 minutes from downtown St. Petersburg, 35 minutes from Tampa International Airport, and 20 minutes from University Mall. The HOA fee of $500/month covers community pool access, lawn and shrub maintenance, fertilization, and irrigation water.

Listing Agent

Tim Lester

TIM LESTER INTERNAT'L REALTY Brokerage Phone: 941-981-5388 License #3101382 Listed on: 12/30/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,413

Year Built

  • Built in 2014

Lot Details

  • 0.29 Acre Lot
  • 105 Feet of Bay Harbor Waterfront
  • Unincorporated Location
  • Southeast Facing Home
  • Mature Landscaping
  • Irregular Lot
  • Irrigation Equipment
  • Property is zoned PDRCH

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • Driveway
  • Guest Parking

Home Design

  • Key West Architecture
  • Elevated Home
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 3,194 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Dining Room
  • White Water Ocean Views

Kitchen

  • Breakfast Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Built-In Double Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access to Bay or Harbor
  • No Fixed Bridges
  • No Wake Zone
  • Boat Lift
  • Dock has access to electricity
  • Open Dock
  • Dock made with Composite Material
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters
  • Rain Barrels or Cisterns

Location

  • Flood Zone Lot

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, ground maintenance, private road
  • Rob Munns Association, Phone Number (727) 515-8457
  • Terra Ceia Community
  • Terra Ceia Bay Estates Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,413

Year Built

Built in 2014

Lot Details

0

HOA Fees

$500 per month

Parking

5

Listing Details

  • HOA Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Maintenance Grounds, Private Road
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Block, Vinyl Siding
  • Fireplace: Yes
  • Living Area: 3194
  • Lot Size Acres: 0.29
  • New Construction: No
  • Year Built: 2014
  • Building Area Total: 5979
  • Lot Size Sq Ft: 12458
  • Directions to Property: US-19 N, Turn left onto Palmetto Point Dr, Turn right onto 2nd Cir W, Continue onto 2nd Ave Cir W, Home will be on the right.
  • Status: Pending
  • Street Post Direction: W
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1044459
  • Minimum Lease: 8-12 Months
  • RATIO Current Price By Calculate: 497.81
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Elevated
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite,Dock - Open,Dock w/Electric
  • MFR_DockYN: 1
  • MFR_DockMaintenanceFee: 0
  • MFR_DockMaintenanceFeeFrequency: N/A
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Fishing,Water Access,Waterfront
  • Attribution Contact: 941-981-5388
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Marble, Travertine, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Eat-in Kitchen, Elevator, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Three Or More
  • Other Equipment: Irrigation Equipment
  • Stories: 3
  • Window Features: Window Treatments
  • Street Number Modifier: 5531
  • Additional Rooms: Breakfast Room Separate,Great Room
  • Living Area Meters: 296.73
  • Room Count: 11

Exterior Features

  • Direction Faces: Southeast
  • Exterior Features: French Doors, Lighting, Rain Barrel/Cistern(s), Rain Gutters, Sliding Doors
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Water Body Name: TERRA CEIA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Front Porch, Rear Porch
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor
  • Water Extras: Bridges - No Fixed Bridges,Lift,No Wake Zone
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 105
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0154F
  • Water Frontage Feet Bay Harbor: 105

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Driveway, Guest, Oversized

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community - No Guard, Pool
  • Association Amenities: Gated, Pool
  • Association Fee: 1500
  • Association Fee Frequency: Quarterly
  • Association Name: Rob Munns
  • Phone: 727-515-8457
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Verify all pet restrictions with the association.
  • Association Fee Requirement: Required
  • Association Email: munnstar100@gmail.com

Fee Information

  • Total Annual Fees: 6000.00
  • Total Monthly Fees: 500.00
  • Monthly HOA Amount: 500.00

Lot Info

  • Zoning: PDRCH
  • Parcel Number: 2233110457
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Irregular Lot, Paved, Unincorporated
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 1157

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Verify all leasing restrictions with the association.

Tax Info

  • Tax Annual Amount: 13413
  • Tax Book Number: 32-35
  • Tax Lot: 7

Multi Family

  • Waterfront Features: Bay/Harbor

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
2025 $13,508 $1,059,975 -- --
2024 $13,508 $1,030,102 -- --
2023 $13,413 $1,000,099 $0 $0
2022 $13,195 $970,970 $0 $0
2021 $12,667 $942,689 $0 $0
2020 $9,200 $659,955 $0 $0
2019 $9,085 $645,117 $253,000 $392,117
2018 $9,153 $641,401 $268,500 $372,901
2017 $9,409 $692,183 $0 $0
2016 $9,421 $677,946 $0 $0
2015 $3,766 $673,233 $0 $0
2014 $3,766 $241,980 $0 $0
2013 $3,319 $218,000 $218,000 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Pending -- -- --
08/14/2025 08/14/25 Price Changed $1,590,000 -5.4% $498 / Sq Ft
07/09/2025 07/09/25 Price Changed $1,680,000 -3.9% $526 / Sq Ft
07/01/2025 07/01/25 For Sale $1,749,000 0.0% $548 / Sq Ft
06/30/2025 06/30/25 Off Market $1,749,000 -- --
05/21/2025 05/21/25 Price Changed $1,749,000 -2.3% $548 / Sq Ft
04/23/2025 04/23/25 Price Changed $1,790,000 -2.7% $560 / Sq Ft
03/14/2025 03/14/25 Price Changed $1,840,000 -2.6% $576 / Sq Ft
02/10/2025 02/10/25 Price Changed $1,890,000 -3.3% $592 / Sq Ft
12/30/2024 12/30/24 For Sale $1,955,400 +51.0% $612 / Sq Ft
10/01/2020 10/01/20 Sold $1,295,000 +0.4% $405 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $1,290,000 -- $404 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,295,000 Anclote Title Services Inc
Warranty Deed $235,000 Anclote Title Services Inc
Warranty Deed $215,800 Attorney
Warranty Deed $550,000 --
Warranty Deed $207,000 --
Quit Claim Deed -- --
Warranty Deed $200,000 --
Warranty Deed $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $971,250 New Conventional
Previous Owner $616,000 New Conventional
Previous Owner $640,000 Construction
Previous Owner $200,000 Future Advance Clause Open End Mortgage
Previous Owner $1,040,125 Purchase Money Mortgage
Previous Owner $207,000 No Value Available
Previous Owner $55,724 Purchase Money Mortgage
Source: Public Records

Source: Stellar MLS

MLS Number: A4633131

Stellar MLS

APN: 22331-1045-7