NOT LISTED FOR SALE

706 16th Ave E Palmetto, FL 34221

Estimated Value: $898,839 - $1,157,000

3 Beds
3.5 Baths
2,389 Sq Ft
$423/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $1,015,000 $425 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,749/month

77 Days on Market

Highlights

  • 50 Feet of Fresh Water Canal Waterfront
  • Access To Marina
  • Fitness Center
  • Marina
  • Boat Lift
  • Fishing

About This Home

As of October 2023

Beach, Boating, Water and Sunshine, this home offers it all! Private Boat dock! Pool sized yard! Maintenance free community! No flood insurance required! Hurricane proof doors and windows! Smart Home!
Located in the Sanctuary Cove and Marina, newest and one of the best communities on the gulf coast of Florida. Spanning almost 2,400 sf, this beautiful modern home has a 3-bedroom, 3.5 bath, and flex room perfect for a entertaining lifestyle. Upon entering, you will be greeted by light-drenched living spaces with clean lines, high soaring tray ceilings with crown moldings throughout the house and water views from the great room complemented by modern stone electric fireplace and lighting upgrades. The upgraded modern kitchen has solid wood custom cabinets, sleek quartz countertops and premium GE Profile appliances, including: gas cooktop, oven, dishwasher, and a refrigerator. Owner's suite presents awe-inspiring water views to awaken you in your personal paradise.
Step into your backyard, where meticulous upgrades abound, featuring an outdoor kitchen with grill, sink and refrigerator and additional electric fireplace . One step further is a paradise outfitted with landscape lights koi pond surrounded by mature garden. Few more steps and you are on your private dock, it comes equipped with a 10,000 lb. boat lift, inviting water enthusiasts to indulge and explore the open waters.
Meticulously built with no expense spared on cosmetic upgrades, this home also instills confidence in its structural integrity as it is built by the latest construction standards employing hurricane proof windows, doors and rated roof. And best of all no Flood Insurance needed!
Enjoy the pinnacle of coastal life, bring your boat and relish in the luxury of Gulf of Mexico living, just a short boat drive to downtown Bradenton, Sarasota and Ana Maria Island with its exquisite restaurants, theaters, and shopping. Easy access to Intracoastal waterway, Tampa Bay, Skyway Bridge, Egmont Key and Gulf of Mexico. Bradenton Yacht club is a 20-minute boat ride away. Sanctuary Cove is a maintenance free, gated community offering private freshwater lock-lift marina, private beach, kayak launch, 8500sq/ft clubhouse with gym and resort style pool.
Commuting is a breeze as US-41, US-19, US 301, I-75 and I-275 are just minutes away. Don't miss the opportunity to make this exceptional gem your dream home.

Last Agent to Sell the Property

Eugene Smith

WEICHERT REALTORS HALLMARK PRO Brokerage Phone: 941-706-2142 License #3466352 Listed on: 06/29/2023

WEICHERT REALTORS HALLMARK PRO

Last Buyer's Agent

Richard & Yvonne Moody

COLDWELL BANKER REALTY License #3067497

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,042

Year Built

  • Built in 2019

Lot Details

  • 6,499 Sq Ft Lot
  • 50 Feet of Fresh Water Canal Waterfront
  • Fronts a freshwater canal with a boatlift to a saltwater canal
  • West Facing Home
  • Mature Landscaping
  • Garden
  • Property is zoned PDMU

HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,389 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Chair Railings
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Stone Fireplace
  • Electric Fireplace
  • Double Pane Windows
  • Shutters
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Canal Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Smart Home
  • High Impact Windows
  • Fire and Smoke Detector
  • In Wall Pest System
  • Pest Guard System

Outdoor Features

  • Access To Marina
  • Deeded access to the beach
  • Access to Freshwater Canal
  • Dock has access to water
  • Seawall
  • Boat Lift
  • Dock made with Composite Material
  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Fiber Optics Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, ground maintenance, management, security
  • C+S Community Mgt Services Julie Conway Association, Phone Number (941) 758-9454
  • Visit Association Website
  • Santuary Cove Association, Phone Number (941) 758-9454
  • Sanctuary Cove Subdivision
  • On-Site Maintenance
  • The community has rules related to allowable golf cart usage in the community

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Marina
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,042

Year Built

Built in 2019

Lot Details

0

HOA Fees

$201 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Maintenance Grounds, Management, Pool, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2389
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2019
  • Building Area Total: 2789
  • Lot Size Sq Ft: 6499
  • Status: Sold
  • Street Post Direction: E
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Building Area Total Srch Sq M: 259.11
  • Escrow State: FL
  • Minimum Lease: 3 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 424.86
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Water Frontage Feet FCWLSC: 50
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric, Living Room, Outside, Stone
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Chair Rail, Crown Molding, High Ceilings, In Wall Pest System, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Pest Guard System, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Dryer, Range Hood, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Double Pane Windows, Impact Glass/Storm Windows, Shutters
  • ResoLivingAreaSource: Builder
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 221.95

Exterior Features

  • Direction Faces: West
  • Exterior Features: Garden, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sliding Doors
  • Roof: Concrete, Tile
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck
  • Road Surface Type: Asphalt
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Beach - Access Deeded,Canal - Freshwater,Freshwater Canal w/Lift to Saltwater Canal,Marina
  • Water Extras: Dock - Composite,Dock w/Electric,Dock w/Water Supply,Lift,Seawall - Concrete
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 50

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Utilities: Fiber Optics, Natural Gas Connected, Public, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Fishing, Fitness Center, Gated Community - Guard, Gated Community - No Guard, Golf Carts OK, Water Access, Waterfront
  • Association Amenities: Fitness Center, Gated, Maintenance, Marina, Pool, Spa/Hot Tub
  • Association Fee: 333
  • Association Fee Frequency: Quarterly
  • Association Name: C+S Community Mgt Services - Julie Conway
  • Phone: 941-758-9454
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association #2 Fee: 1083
  • Association #2 Fee Frequency: Annually
  • Association: Santuary Cove
  • Association Phone #2: 941-758-9454
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Association Email: jconway@cscmsi.com
  • Pet Size: Large (61-100 Lbs.)
  • Association URL: www.cscmsi.com

Fee Information

  • Total Annual Fees: 2415.00
  • Total Monthly Fees: 201.25
  • Monthly HOA Amount: 111.00

Lot Info

  • Zoning: PDMU
  • Parcel Number: 1015733709
  • Additional Parcels: No
  • Flood Zone Code: x

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See HOA Paperwork

Tax Info

  • Tax Annual Amount: 7042.45
  • Tax Book Number: 36-51
  • Tax Lot: 74
  • Tax Other Annual Assessment Amount: 769

Multi Family

  • Waterfront Features: Freshwater Canal w/Lift to Saltwater Canal
  • Approval Process: See HOA Paperwork

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Oct 10, 2023
Sold by
Poncin Mark R and Poncin Mary B
Bought by
Philip G Miller Revocable Trust and Miller
Seller's Agent
Eugene Smith
WEICHERT REALTORS HALLMARK PRO
Buyer's Agent
Richard & Yvonne Moody
COLDWELL BANKER REALTY
List Price
$1,124,900
Sold Price
$1,015,000
Premium/Discount to List
-$109,900
-9.77%
Views
41
Current Estimated Value
$1,009,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,290
Avg. Annual Appreciation
-0.24%

Purchase Details

Closed on
Oct 7, 2022
Sold by
Poncin Mark R and Poncin Mary B
Bought by
Poncin Mark R and Poncin Mark R

Purchase Details

Listed on
May 13, 2019
Closed on
Nov 7, 2019
Sold by
Wci Communities Llc
Bought by
Poncin Mark R and Poncin Mary B
Seller's Agent
Ben Goldstein
LENNAR REALTY
Buyer's Agent
Heidi Cox
MICHAEL SAUNDERS & COMPANY
List Price
$474,615
Sold Price
$475,000
Premium/Discount to List
$385
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Original Mortgage
$380,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2019
Sold by
Sanctuary Cove Asli Vi Lllp
Bought by
Wci Communities Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Philip G Miller Revocable Trust $1,015,000 Barnes Walker Title
Poncin Mark R $100 --
Poncin Mark R $475,000 Calatlantic Title Inc
Wci Communities Llc $5,391,800 Calatlantic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Poncin Mark R $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2023 10/10/23 Sold $1,015,000 -7.6% $425 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
09/01/2023 09/01/23 Price Changed $1,099,000 0.0% $460 / Sq Ft
08/17/2023 08/17/23 Price Changed $1,098,500 0.0% $460 / Sq Ft
08/11/2023 08/11/23 Price Changed $1,099,000 +0.8% $460 / Sq Ft
08/10/2023 08/10/23 Price Changed $1,090,000 -3.1% $456 / Sq Ft
06/29/2023 06/29/23 For Sale $1,124,900 +136.8% $471 / Sq Ft
11/07/2019 11/07/19 Sold $475,000 +0.1% $199 / Sq Ft View Prior Sale
06/06/2019 06/06/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $474,615 -- $199 / 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 $15,100 $739,276 $229,925 $509,351
2024 $15,100 $752,452 $229,925 $522,527
2023 $7,221 $367,994 $0 $0
2022 $7,042 $357,276 $0 $0
2021 $5,979 $346,870 $0 $0
2020 $6,161 $342,081 $0 $0
2019 $1,066 $80,000 $80,000 $0
2018 $461 $22,000 $22,000 $0
2017 $444 $22,000 $0 $0
2016 $439 $21,400 $0 $0
2015 $443 $21,400 $0 $0
2014 $443 $21,400 $0 $0
2013 $447 $21,400 $21,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4574994

Stellar MLS

APN: 10157-3370-9