Listing Details for MLS #A4505828
118 Mangrove Avenue, Anna Maria Fl 34216, Anna Maria, Fl

Residential Property - Single Family Residence in Anna Maria

SOLD for $1,600,000 on September 9, 2021

Listing Price: $1,795,000Sold Price: $1,600,000Sold Price/List Price: 89%
Sold Price/Original List Price: 80%Days on Market: 45

Description of Property

With a recent price adjustment, this rarely available large corner lot property offers an incredible opportunity to own a piece of paradise on world-renowned Anna Maria Island, named one of the best islands in the world by Conde Nast Traveler. This 3BR/2BA charming, elevated beach house is located on the sought-after North end within easy walking distance of the best destinations on the island including Bean Point, The Sandbar Restaurant, Shops of Pine Avenue, Ginny & Jane E’s, City Pier and more. This spectacular homesite boasts a full .19 acres of tropical splendor with mature palm trees, greenery & ample space with a lot size of 72x115. It is the only currently available homesite of this size West of Gulf Dr. in this price range. An easy walk to the end of the street and you have direct access to the picture-perfect sugar-sand beaches of the Gulf of Mexico via the Mangrove Ave beach access with no streets to cross. There’s even a secluded beach path for your private stroll up the Island. This incredible property has so much potential. Do some updating and use it as an income-generating vacation rental in the short-term, or build a fabulous new construction home using one of our local builders and potentially get a Gulf view (see 5th picture drone view from just above roofline). The home is very livable as it currently sits with a newer A/C and water heater and all working appliances. It truly offers a clean slate to come in and jazz it up for immediate use or rental income. There’s room for a pool, putting green and space for multiple cars, a boat, golf cart & more. Parking is at a premium on the island, so the value of an oversized lot is a key advantage. This property offers many possibilities, more space than average, a phenomenal location, rental potential & a setting that is perfect for enjoying all AMI has to offer. The listing price per square foot on the land is $217, very much in line with other recently closed properties. Don’t miss this opportunity to secure one of the best homesites on AMI. Stroll along the beach, dine in one of the fantastic waterfront restaurants, listen to outdoor music at a tiki bar, take the free trolly, go fishing, see dolphins and Manatees play or watch one of the most spectacular sunsets you will ever see. It's all just steps away. Location, Location, Location.The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $2,301,932. This single family residence is listed at about 78% of the average asking price. There are 6 3 bedroom/2 bath homes between $1,600,000 and $2,000,000 currently listed for sale in this Zip code. See other listings like this one »