Grandfathered to accommodate up to 12 guests—a rare and increasingly valuable advantage on Anna Maria Island—505 S Bay Boulevard offers an exceptional opportunity for investors seeking one of the island's highest-performing vacation rental properties. Unlike many homes subject to today's stricter occupancy regulations, this property retains its coveted higher occupancy allowance, creating significantly greater rental flexibility and income potential. The results speak for themselves: the property has already generated more than $163,000 in gross rental income by the end of June and is currently projected to exceed $210,000 in gross rental revenue by year-end, making this an incredible opportunity to own a luxury waterfront home with proven, substantial income-producing performance. Let the island breeze guide you home to 505 S Bay Boulevard, a waterfront haven where the world slows down and coastal living feels like poetry. Tucked along the tranquil north end of Anna Maria Island, this elevated five-bedroom, five-bath home invites you to experience a lifestyle wrapped in beauty, comfort, and pure island magic. Step inside and discover more than 3,200 square feet of thoughtfully designed living space, filled with natural light and framed by sweeping water views. The open-concept floor plan flows seamlessly, anchored by a gourmet kitchen featuring dual islands, high-end finishes, and a gas cooktop—perfect for everyday living and effortless entertaining. Multiple ensuite bedrooms, a versatile top-floor loft, and separate living areas provide privacy and flexibility for family, guests, or long-term stays. Four balconies extend the indoor living spaces outdoors, offering uninterrupted views of spectacular sunrises over the bay and peaceful evenings overlooking the water. Luxury amenities continue throughout the property, including a heated saltwater pool, private boat dock and lift on the canal, an eco-friendly rainwater cistern system, two tankless water heaters, an R38-rated metal roof with spray-foam insulated walls for exceptional energy efficiency, and a transferable 25-year termite warranty for added peace of mind. For boating enthusiasts, the home's 32 feet of saltwater canal frontage, deeded boat slip, and private lift provide direct access to the Intracoastal Waterway and the Gulf of Mexico. Durable coastal construction, impact-resistant features, and low-maintenance materials ensure lasting value while embracing the waterfront lifestyle. Beyond the home, Anna Maria Island offers one of Florida's most celebrated coastal experiences. A short stroll or bike ride leads to the charming boutiques, cafés, and galleries along Pine Avenue, while world-famous sugar-sand beaches and crystal-clear Gulf waters provide endless opportunities for boating, paddleboarding, fishing, shelling, and unforgettable sunsets. At 505 S Bay Boulevard, you're not simply purchasing a luxury waterfront residence—you're acquiring one of Anna Maria Island's rare investment opportunities, combining grandfathered high occupancy, exceptional proven rental performance, premier boating access, and the timeless island lifestyle that continues to make this one of Florida's most sought-after coastal destinations.
212 days
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754
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44
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Zillow last checked:
Listing updated:
Listed by:
Brenda Wade813-655-5333,
KELLER WILLIAMS SOUTH TAMPA813-875-3700
Source: Stellar MLS,MLS#: TB8456067Originating MLS: Suncoast Tampa
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5
Primary bedroom
Features: Walk-In Closet(s)
Level: Upper
Area: 306 Square Feet
Dimensions: 18x17
Bedroom 1
Features: Built-in Closet
Level: First
Area: 272 Square Feet
Dimensions: 17x16
Bedroom 2
Features: Built-in Closet
Level: First
Area: 169 Square Feet
Dimensions: 13x13
Bedroom 3
Features: Built-in Closet
Level: First
Area: 204 Square Feet
Dimensions: 17x12
Bedroom 4
Features: Built-in Closet
Level: Upper
Area: 204 Square Feet
Dimensions: 17x12
Den
Level: Upper
Area: 238 Square Feet
Dimensions: 14x17
Dining room
Level: First
Area: 238 Square Feet
Dimensions: 17x14
Family room
Level: First
Area: 330 Square Feet
Dimensions: 22x15
Kitchen
Level: First
Area: 195 Square Feet
Dimensions: 15x13
Living room
Level: First
Area: 182 Square Feet
Dimensions: 14x13
Heating
Central, Electric
Cooling
Central Air
Appliances
Included: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
Laundry: Inside, Laundry Room, Upper Level
Features
Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Elevator, L Dining, Thermostat, Walk-In Closet(s)
Flooring: Bamboo, Ceramic Tile, Porcelain Tile
Doors: French Doors, Outdoor Shower
Windows: Window Treatments
Has fireplace: No
Interior area
Total structure area: 5,435
Total interior livable area: 3,202 sqft
Property
Parking
Total spaces: 2
Parking features: Driveway, Garage Door Opener, Ground Level, Off Street, On Street, Parking Pad, Split Garage
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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