Listing Details for MLS #A4603232
508 Spring Avenue, Anna Maria, Fl

Residential Property - Single Family Residence in Anna Maria

SOLD for $2,500,000 on December 23, 2024

Listing Price: $2,875,000Sold Price: $2,500,000Sold Price/List Price: 87%
Sold Price/Original List Price: 86.21%Days on Market: 259

Description of Property

New look, new price! This 5 Bedroom Anna Maria Island home just completed a COASTAL REFRESH.  Come home to your Happy place at 508 Spring Avenue, nestled on stunning Anna Maria Island.  Located within one of the most prestigious areas on the island, it is just steps away from Pine Avenue, with its adorable shops, wonderful restaurants, and the famous Anna Maria Pier.  A short bike ride will get you to Bean Point.  This house represents one of the best values on the island.  A rental giant, grossing well over $200k in rental income, including time left for owner usage.  2024 has $166K booked (reflecting over 50 nights of owner use) and $51K already booked for 2025! One of the few properties in Anna Maria, which is Bert Harris approved, allowing up to 14 guests.  The home's recent renovations give it the quintessential coastal life vibe.  Set up with two separate gathering areas for family and friends, there are living rooms and private balconies on both the main floor and the upper floor.  New furniture has been added to both living rooms.  New flooring throughout along with new kitchen countertops! The backyard has a beautiful family pool, surrounded by coconut trees, that includes a shallow area for small children to walk in and play in as well as a built-in bar/table area for the adults. Adjacent to the pool is a recreation space with a flat panel tv, and foosball and ping pong tables.  This 5 bedroom, 4 bath home is turnkey rental furnished and ready for your enjoyment!  Don't miss out on this newly renovated beach house! The primary bedroom is a coastal paradise with a fantastic ensuite bathroom with a double vanity, a walk-in shower, and a soaking tub, and this room has access to the second-floor balcony. On each living floor is a King bedroom and a Bunk bedroom. The first-floor King bedroom has an ensuite bathroom with a walk-in shower, and on each floor is a hall bathroom with a shower and tub combination. Additionally, there is a Queen sleeper sofa and a Twin sleeper sofa. Room Details -Primary Bedroom, 2nd floor: King bed, balcony access, and ensuite bathroom with soaking tub and walk-in shower -Second Bedroom, 1st floor: King bed and ensuite bathroom with walk-in shower -Third Bedroom, 2nd floor: King Bed -Fourth Bedroom, 2nd floor: Twin Bunk bed and Twin bed -Fifth Bedroom, 1st floor: Twin Bunk bed and Twin bed -Living Area: One Queen and One Twin Sleeper Sofa The backyard is beautifully landscaped with coconut palms and native species. The heated lagoon pool has a built-in dining table, and there are plenty of Adirondack chairs and a BBQ grill on the pool deck. Adjacent to the pool area is a recreation room with a Flat Panel LED TV, Foosball Table, Ping Pong Table, and a comfortable large sitting area. This home is equipped with wireless Internet, a XBOX gaming system, and assorted beach items. Highlights • Private Pool • 10-minute walk to the beach • Ping Pong Table and Foosball table • Short walk to AMI City Pier, Pine Ave, and Bayfront ParkThe average asking price for a 5 bedroom/4 bath single family residence in this Zip code is $3,729,000. This single family residence is listed at about 77% 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.