Elementary
$1,525,000
$802/sqft10% reduced
HOA: None|Taxes: $3,591/yr|105d on market
Bimini Bay Colony Club
306 PALM AVE, ANNA MARIA, FL, 34216
View all homes for sale in Bimini Bay Colony Club →3 Beds|3 Baths|1,902 Sq Ft|Built 1984
Key Features
Single Story
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💡 Price recently reduced — this could be a great opportunity to negotiate.
C2C
Coast 2 Coast Home Realty
Licensed Florida Realtors
4.9· 214 reviews
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Buyer Insights
Here's what we know about this listing.
Why this home stands out
- Price reduced 10% ($170,000 off original)
- 105+ days on market — seller may be motivated
Buyer Insights are informational only — always verify with your agent.
LOCATION! NEW STEEL ROOF! .19 ACRE LOT! RARE ARTISAN WELL! MOTHER-IN-LAW SUITE! Opportunity is knocking on one of the most desirable streets on Anna Maria! This rare opportunity offers incredible potential in an unbeatable location. Just moments from the beach, the bay, the community center, and the shops and restaurants of Pine Avenue. This 3 bedroom, 3 bathroom home sits on an oversized .19-ACRE LOT in the heart of Anna Maria. The property features a NEW STEEL ROOF installed in MAY 2024 with a TRANSFERABLE 50-YEAR WARRANTY, providing a major upgrade already completed for the next owner. One of the bedrooms functions as a private mother-in-law suite with its own separate entrance, full bathroom, and existing hookups for a kitchenette - ideal for guests, extended family, or added rental flexibility. A unique highlight of the property is the separately deeded ARTISAN WELL, which supplies irrigation water to the community center as well as neighboring properties. This creates both community value and potential tax benefits! WEEKLY RENTALS are allowed, making this an outstanding opportunity for investors, builders, or buyers looking to create their dream island home. The property experienced flooding and will require renovation/gutting, but the location, lot size, and valuable existing features make this a truly exceptional investment opportunity on Anna Maria Island!
- City
- ANNA MARIA
- Subdivision
- BIMINI BAY COLONY CLUB
- County
- Manatee
- Zip Code
- 34216
- Community
- Bimini Bay Colony Club Sub
School Report Card
Source: FL Dept. of Education
ABCDF
Middle
High
Neighborhood
Map unavailable
- Type
- Single Family Residence
- Living Area
- 1,902 sqft
- Construction
- Block, Concrete, Stucco
- Roof
- Metal, Other
- Flooring
- Carpet, Concrete, Laminate
- Pool
- No
- HOA
- None
- Ceiling Fans(s)
- Living Room/dining Room Combo
- Walk-in Closet(s)
- Other
- Private Entrance
- Private Mailbox
- Private Yard
- Sliding Doors
- Storage
- Dishwasher
- Range
- Refrigerator
- Washer
- Electric Dryer Hookup
- Inside
- Washer Hookup
- Electricity Connected
- Public
- Sewer Connected
- Water Connected
- Shed(s)
- Bedrooms
- 3
- Bathrooms
- 3
- Year Built
- 1984
- Construction
- Block, Concrete, Stucco
- Flooring
- Carpet, Concrete, Laminate
- Roof
- Metal, Other
- Garage Spaces
- 0
- Cooling
- Central Air
- Heating
- Central
- Waterfront
- No
- Pet Restrictions
- —
- Lot Size
- 0.19 acres
- Senior Community
- No
- Building Elevator
- —
- Pet Size
- —
- # of Pets
- —
- Max Pet Weight
- —
- Tax Year
- 2025
- Annual Tax Amount
- $3,591
No HOA fees on this listing.
Down Payment20% — $305,000
Interest Rate6.50%
Loan Term
- Est. Mortgage
- $7,711
- HOA Fee
- $0
- Est. Property Tax
- $299
- Est. Insurance
- $508
Total Est. Monthly Cost$8,519
* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.