Listing Details for MLS #A4501980
505 Magnolia Avenue, Anna Maria Fl 34216, Anna Maria, Fl

Residential Property - Single Family Residence in Anna Maria

SOLD for $2,615,000 on September 10, 2021

Listing Price: $2,750,000Sold Price: $2,615,000Sold Price/List Price: 95%
Sold Price/Original List Price: 90.17%Days on Market: 38

Description of Property

A WATERFRONT ISLAND HOME NEAR THE BEACH! This spacious custom home offers four en suite bedrooms, including two split level, primary suites and a bonus room or 5th bedroom. The lavish Key West inspired architecture boasts fabulous details including coffered, beamed, and board/batten ceilings, crown moldings, custom fixtures, stained glass, transom & clerestory windows, wainscotting, handcrafted built-ins, skilled wood craftsmanship, double and pocket doors, furniture quality cabinetry, solid surfaces, tile, and heart-pine hardwood floors throughout. The main level has an open layout with a built-in media center and fireplace that set the stage in the living room. The defined dining area combines the kitchen with the entertainment space. It has wood cabinetry, glass display shelving, vintage inspired tile tops and a matching mosaic backsplash, task lighting, and a detailed ceiling. A center island provides more storage and a breakfast bar. The stainless-steel appliances remain. Adjacent is a well-appointed laundry room with a built-in pantry. Two sets of French doors access the main level terrace overlooking the outdoor living space and water views. Entertain easily inside and out with stairs that cascade down to the ground floor paver-brick, open-air deck. Enjoy covered social areas, a sparkling pool and spa, an outdoor shower and a private, protected waterfront location with a dock and lift on the saltwater canal. The location swiftly flows into Tampa Bay and the Gulf of Mexico. Also at ground floor is the bonus room with a walk-in closet that can be used as a 5th bedroom. Plus, a 4-car garage with built-ins and an exercise room. The elevator ascends from this level all the way up to the second and third floors. The second, main level, has one of two primary bedroom suites with granite and a third en suite bed/bath. The catwalk landing on the top floor presents a fourth en suite bed/bath and the larger of the two primary suites. This Owner’s retreat boasts a wet bar, its own fireplace and terrace with bay views, plus a 16x09 California-style dressing room/closet. The private bathroom has a spa-like shower with multiple level shower heads. There is a lavatory and a bidet in the water closet. As well as dual pedestal sinks, a seated vanity and two separate cabinetry installations. Nestled nicely on the esteemed north end of Anna Maria Island, it features premier privacy with lush tropical landscaping; professionally tended with several varieties of palms, citrus trees, and fruit bearing producers. A mere two blocks from the AMI city pier and beach access.The average asking price for a 5 bedroom/4 bath single family residence in this Zip code is $3,744,900. This single family residence is listed at about 73% of the average asking price. This is the only 5 bedroom/4 bath single family residence between $2,400,000 and $3,200,000 currently listed for sale in this Zip code.