Listing Details for MLS #A4655106
5111 Bay State Road, Palmetto, Fl

Residential Property - Single Family Residence in Palmetto

Listing Price: $989,000 (Mortgage Calculator →)Days on Market: 1

Description of Property

*** PROFESSIONAL PHOTOS COMING SOON *** Welcome to this exceptional Bay Colony home, offering breathtaking Terra Ceia Bayfront views and an incredible waterfront lifestyle. Boasting over 2,900 sq ft of living space and 105 ft of seawall with deep water access and no bridges to the Gulf, this fenced property is a true boater's paradise. Picture yourself watching dolphins play from the expansive 60x18 second-story lanai and enjoying spectacular sunsets every evening. The home is well-appointed with impact windows and beautiful impact sliders that frame the gorgeous bay views on the second level. Upstairs, the main living area features easy-care tile flooring, a spacious living room with a slider capturing the views of the bay, a wood-burning fireplace with rebuilt chimney, and a convenient half bath for guests. The beautifully remodeled kitchen includes stunning soft-close cabinets, cafe appliances, a large island, and granite countertops, providing ample storage. The formal dining room offers bayfront views and plenty of space for a sizable table. The master bedroom also features a slider with bay views and a beautiful ensuite bathroom with a dual vanity, shower, and a custom walk-in closet. An ample-sized 2nd bedroom, a 2nd bathroom, and the laundry room are also located upstairs. The downstairs area offers a versatile living space, including an additional bedroom, an office/den (easily convertible to a 4th bedroom), a living area, a 2nd kitchen, a 3rd bathroom, a 2nd laundry room, maintenance-free flooring, and a private entrance—all within air-conditioned space. This unique setup presents opportunities for expansion to accommodate a larger family or the potential to use the main level as a separate income-generating area. The owner is in the final stage of 2nd story lanai reno to be screened in with composite roof including lights and fans, completion by end of June 2025. Metal roof 2025 with plywood and trusses, new hardie board siding 2025, new ceiling 2nd story, newer AC, new ductwork and insulation, 2nd story main kitchen reno 4-5 years, café’ appliances approx. 2 yrs. Main level new appliances, furniture downstairs conveys.The average asking price for a 4 bedroom/3 bath single family residence in this Zip code is $739,273. This single family residence is listed at about 134% of the average asking price. There are 3 4 bedroom/3 bath homes between $800,000 and $1,200,000 currently listed for sale in this Zip code. See other listings like this one »