509 Pine AVENUE, Anna Maria, FL, 34216 | $2,599,000

Under contract-accepting backup offers. Step into the enchanting world of Naut 2 Shabby Cottage & Bungalow homes, A unique offering that combines the charm of two distinct residences in one prime location. The main home features 3 bedrooms and 2 full baths, while the separate guest house boasts 1 bedroom and 1 bath with a full kitchen both used as separate vacation rentals. This versatile property invites you to make it your own, whether using one house for yourself and the other for rental, guests, or even a business on the island. Lots size is 7540 sqf.

Zoned ROR (Retail/Residential), this property is a rare find right in Downtown Anna Maria, mere feet from both the Bay, Anna Maria City Pier, and the Gulf of Mexico. Positioned on one of the most popular streets in Anna Maria, this location puts you in the heart of all the island's vibrant happenings. Walk out to the famous city pier, art walks, museums, restaurants, and shops. Sit on your front porch and soak in the lively entertainment that surrounds you.

This home is the epitome of island living, offering proximity to the beach for bike rides and bay adventures with kayaks. The property features two charming cottage homes, each with its own unique character, complemented by a private saltwater pool and spa. The short-term rental zone makes renting a breeze, and this property is already a popular choice in the rental program.

As you step into the family compound, you'll be greeted by a newer heated saltwater pool and spa with a water fountain and custom lights. The landscape and turf, along with a 6-foot privacy fence, create a serene oasis. The property is thoughtfully zoned ROR, allowing for a blend of residential, office, and retail uses.

Sold turnkey-furnished, this property is ready for you to move in and enjoy, with future rentals already in place. Recent upgrades include a new pool pump in 2023, a new mini-split in the living room of the bungalow, a washer and dryer in 2021, and a 2019 electric riser. The front of the home boasts a 2019 roof, stone on the driveway, and outdoor pool furniture and umbrellas. The saltwater pool and hot tub are equipped with an app for convenient control from your phone.

Other improvements include artificial turf, landscaping, and irrigation, a 6-foot privacy fence with gates, custom paint on the back porch, updated fixtures, custom artwork and painting on the back of the house and signs. Hurricane impact windows and doors were installed in 2017, and the main house received a new AC unit in 2014, with a water heater replacement in 2017. The property was termite-tented in 2018, two other mini-splits were added to the small bungalow home.

This is your opportunity to acquire your dream Florida homes, providing ample space for everyone and creating an inviting haven for entertainment. Come and experience the magic of Naut 2 Shabby Cottage & Bungalow homes – your perfect retreat in paradise.

Features

  • Rooms: 10
  • Bedrooms: 4
  • Baths: 3 full
  • Lot Size: 51.6 x 145
  • Laundry: Inside, Other
  • Style: Bungalow, Coastal, Cottage
  • Year Built: 1922
  • Heating: Electric
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 2,187
  • Acreage: 0.17
  • Lot Size: 51.6 x 145
  • Est. Taxes: $20,420
  • Lot Desc: Near Public Transit, Private, Sidewalk
  • View: City, Garden, Pool
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Manatee High
  • Pool: Gunite, Heated
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4612517
  • Days on Market: 85 days
  • Website: https://www.raveis.com
    /eprop/A4612517/509pineavenue_annamaria_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/27/2024 1:25:00 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-778-7777

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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509 Pine AVENUE, Anna Maria, FL, 34216

$2,599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,079,200 $2,079,200 $2,079,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.371% 6.372% 6.182%
Monthly Tax Payment $1,702 $1,702 $1,702
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,802 $12,802 $17,545
Total Monthly Payment $14,629 $14,629 $19,372

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.