15 days on rocket

5531 2nd Avenue Cir W, Palmetto, FL, 34221

$1,955,400

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
3,194 SqFt
$612/SqFt
House

Location

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5531 2nd Avenue Cir W, Palmetto$1,955,400

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Guest, Oversized
Attached Garage5 spaces
Year Built2014
HeatingCentral
CoolingCentral Air
WaterfrontBay
FireplaceWood Burning
ViewWater
MLS #A4633131
Lot Size0.29 Acres
StatusActive

About 5531 2nd Avenue Cir W

Experience breathtaking sunsets every evening from your custom-built, modern Key West-style waterfront home in the exclusive, gated community of Terra Ceia Bay Estates, featuring only ten residences. Arrive by boat via Tampa Bay's open waters to your private 90-foot dock with a 20,000-pound boat lift, or park in your expansive five-car garage equipped with ample storage. An elevator conveniently takes you to any of the home’s three levels. The mid-level main entrance welcomes you to an open-concept living area with stunning 180° water views, showcased through disappearing four-panel pocket sliding glass doors. The living room boasts a spacious wood-burning fireplace with a custom wood mantle, granite hearth, and built-ins, all beneath soaring 10-foot coffered ceilings with in-ceiling Bose surround sound speakers. These high ceilings continue throughout the home, complemented by ¾-inch solid Acacia hand-scraped hardwood floors, along with marble and travertine tile accents in the kitchen and bathrooms. The gourmet kitchen is a chef’s dream, offering a large walk-in pantry, granite countertops, under-cabinet and valance lighting, a touchless Kohler faucet, a generously sized island with bar seating, and a breakfast nook perfect for entertaining. It’s outfitted with high-end appliances, including a double oven, a five-burner low-profile electric cooktop, and a microwave drawer—ideal for hosting gatherings or preparing meals for family and friends. Adjacent is a formal dining room with crown molding and its own private balcony. On the third floor, the primary suite serves as a luxurious retreat, featuring a tray ceiling, a mirrored dressing area, and glass French doors leading to a private deck. A spiral staircase ascends to a crow’s nest, 40 feet above ground, where you can enjoy sunsets with panoramic views of the bay and Skyway Bridge. The ensuite bathroom offers heated travertine floors, a double vanity with granite countertops, a 12-jet Jacuzzi tub with an inline whirlpool heater, and an oversized walk-in shower with dual rainheads, four body sprays, and a shower wand. A nearby laundry room adds convenience, while an additional bedroom on this level includes a private bath with mosaic tile accents and a spacious wardrobe closet. Additional features of the home include solid core 8-foot interior doors, whole-house dimmable LED lighting, ceiling fans throughout, metal roofing, vinyl siding, Icynene attic spray foam insulation, a security system, PGT hurricane-rated impact windows and doors, see-through cable railing, and Trex composite decking. Outdoor amenities include dock lighting, a remote GEM boat lift controller, a 50A/30A shore power tower, and an in-ground sprinkler system. The home is located just 25 minutes from downtown St. Petersburg, 35 minutes from Tampa International Airport, and 20 minutes from University Mall. The HOA fee of $500/month covers community pool access, lawn and shrub maintenance, fertilization, and irrigation water.

Property Details

Property Features

Property Information:

  • Architectural Style: Key West
  • Year Built: 2014
  • Stories: 3
  • Living Area: 3,194 SqFt

Listing Office:

  • Office Name: TIM LESTER INTERNAT'L REALTY
  • Office Phone: (941) 981-5388
  • Listing Agent: Tim Lester

Interior Features

Interior Information:

  • Appliances: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • Flooring Type: Ceramic Tile, Marble, Travertine, Wood
  • Interior: Built-in Features, Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Eat-in Kitchen, Elevator, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Bay
  • View: Water
  • Exterior: French Doors, Irrigation System, Lighting, Rain Barrel/Cistern(s), Rain Gutters, Sliding Doors

Parking Information:

  • Garage Space: 5 spaces
  • Attached Garage: Yes
  • Parking: Driveway, Guest, Oversized

Lot Features

Lot Information:

  • Lot: Flood Zone, Irregular Lot, Paved
  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: US-19 N, Turn left onto Palmetto Point Dr, Turn right onto 2nd Cir W, Continue onto 2nd Ave Cir W, Home will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,955,400
  • Price Per SqFt: $612/SqFt

HOA Fees:

  • Amount: $1500
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $9,200
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palmetto, FL.

Med. Sold Price

$386.2K

Med. Price/SqFt

$216

Avg. Days On Market

72

# of Sold Homes

95

5531 2nd Avenue Cir W vs Palmetto

15 DAYS ON ROCKET

-57 Days

$1,955,400

+$1.5M More

$612/SqFt

+$396 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $396/SqFt more than other homes in Palmetto, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4633131

Listing Office:

  • Office Name: TIM LESTER INTERNAT'L REALTY
  • Office Phone: (941) 981-5388
  • Listing Agent: Tim Lester

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/14/2025, 7:19:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 09, 2020Home Sold
$1,295,000
Feb 12, 2013Home Sold
$235,000
Aug 02, 2005Home Sold
$550,000
Dec 16, 1999Home Sold
$125,000
Dec 06, 1999Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2020$9,200$659,955
2018$9,408$641,401
2017$9,409$692,183

History based on county public records data.

Payment Calculator

$10.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,929

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2459751
7
/10
  • James Tillman Elementary School

  • 1415 29th St E

  • 2.02 miles

  • Public Magnet Grades PK-5

school-card-donut-2459752
5
/10
  • Palmetto Elementary School

  • 1540 10th St W

  • 3.10 miles

  • Public District Grades PK-5

school-card-donut-2459753
5
/10
  • Blackburn Elementary School

  • 3904 17th St E

  • 3.48 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,071. The most common annual income of people living in Palmetto, FL is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5531 2nd Avenue Cir W

What is the listing price of this property?

The listing price of 5531 2nd Avenue Cir W property is $1,955,400.

What type of property is this?

The property 5531 2nd Avenue Cir W is a house located in Palmetto, Florida, 34221.

Is this property for sale now?

Active Listing: 5531 2nd Avenue Cir W is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,200 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 9, 2020 for $1,295,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5531 2nd Avenue Cir W has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 5531 2nd Avenue Cir W is 3,194 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5531 2nd Avenue Cir W is 2014.

Rocket HomesFloridaManatee CountyPalmetto342215531 2nd Avenue Cir W

This home is located at 5531 2nd Avenue Cir W in Palmetto, FL and zip code 34221. This 3,194 square foot home, which was built in 2014, sits on a 0.29 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $1,955,400.

Palmetto, FL housing market in December 2024 saw over 9 listings sold above listed price, more than 36 sold at listed price and over 50 sold below. Between November 2024 and December 2024, Palmetto, FL real estate market has seen decrease in the number of listings by 0.8%. Listings spent 72 days on the market in December 2024, and had a median list price of $386,245 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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