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 10,000 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.
Sold for $1,500,000
$1,500,000
5531 2ND AVENUE CIRCLE W, PALMETTO, FL 34221
4beds
3,194sqft
Single Family Residence
Built in 2014
0.29 Acres Lot
$1,498,500 Zestimate®
$470/sqft
$3,365 Estimated rent
Home value
$1,498,500
$1.38M - $1.63M
$3,365/mo
Zestimate® history
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List your homeWhat's special
Private balconyPrivate deckGenerously sized islandGranite hearthGranite countertopsMetal roofingTrex composite decking
Zillow last checked:
Listing updated:
Listed by:
Tim Lester 941-981-5388,
TIM LESTER INTERNAT'L REALTY 941-981-5388
Bought with:
Kathryn Krayer Zimring, 3191164
RE/MAX ACTION FIRST OF FLORIDA
Source: Stellar MLS,MLS#: A4633131
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Breakfast Room Separate, Great Room
Primary bedroom
- Features: Walk-In Closet(s)
- Level: Third
- Area: 288 Square Feet
- Dimensions: 16x18
Bedroom 2
- Features: Built-in Closet
- Level: Second
- Area: 195 Square Feet
- Dimensions: 13x15
Bedroom 3
- Features: Walk-In Closet(s)
- Level: Third
- Area: 182 Square Feet
- Dimensions: 13x14
Primary bathroom
- Level: Third
- Area: 156 Square Feet
- Dimensions: 12x13
Bathroom 1
- Level: Second
- Area: 40 Square Feet
- Dimensions: 5x8
Bathroom 2
- Level: Third
- Area: 72 Square Feet
- Dimensions: 8x9
Dining room
- Level: Second
- Area: 182 Square Feet
- Dimensions: 13x14
Foyer
- Level: Second
- Area: 64 Square Feet
- Dimensions: 8x8
Great room
- Level: Second
- Area: 315 Square Feet
- Dimensions: 15x21
Kitchen
- Level: Second
- Area: 234 Square Feet
- Dimensions: 13x18
Laundry
- Level: Third
- Area: 81 Square Feet
- Dimensions: 9x9
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry: Inside, Laundry Room
Features
- Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Eating Space In Kitchen, Elevator, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
- Flooring: Ceramic Tile, Marble, Travertine, Hardwood
- Doors: French Doors, Sliding Doors
- Windows: Window Treatments
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 5,979
- Total interior livable area: 3,194 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway, Guest, Oversized
- Attached garage spaces: 5
- Has uncovered spaces: Yes
- Details: Garage Dimensions: 34x26
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered, Front Porch, Rear Porch
- Exterior features: Irrigation System, Lighting, Rain Barrel/Cistern(s), Rain Gutters
- Has view: Yes
- View description: Water, Bay/Harbor - Full
- Has water view: Yes
- Water view: Water,Bay/Harbor - Full
- Waterfront features: Bay/Harbor Front, Waterfront, Bay/Harbor, Bay/Harbor Access, Bridges - No Fixed Bridges, Lift, No Wake Zone
- Body of water: TERRA CEIA BAY
Lot
- Size: 0.29 Acres
- Features: FloodZone, In County, Irregular Lot, Unincorporated
- Residential vegetation: Mature Landscaping
Details
- Parcel number: 2233110457
- Zoning: PDRCH
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Key West
- Property subtype: Single Family Residence
Materials
- Block, Vinyl Siding
- Foundation: Slab
- Roof: Metal
Condition
- Completed
- New construction: No
- Year built: 2014
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Features: Bay/Harbor Front, Fishing, Water Access, Waterfront, Deed Restrictions, Gated Community - No Guard, Pool
- Security: Gated Community
- Pet fee: $0 monthly
- Subdivision: TERRA CEIA BAY ESTATES
HOA
- Has HOA: Yes
- Amenities included: Gated, Pool
- Services included: Common Area Taxes, Community Pool, Reserve Fund, Maintenance Grounds, Pool Maintenance, Private Road
- HOA fee: $500 monthly
- HOA name: Rob Munns
- HOA phone: 727-515-8457
Location
- Region: Palmetto
Financial & listing details
- Price per square foot: $470/sqft
- Tax assessed value: $1,574,308
- Annual tax amount: $13,413
- Date on market: 12/30/2024
- Cumulative days on market: 241 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2025 | Sold | $1,500,000-5.7%$470/sqft |
Source:  Stellar MLS #A4633131 Report a problem | ||
| 8/30/2025 | Pending sale | $1,590,000$498/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 8/14/2025 | Price change | $1,590,000-5.4%$498/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 7/9/2025 | Price change | $1,680,000-3.9%$526/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 5/21/2025 | Price change | $1,749,000-2.3%$548/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 4/23/2025 | Price change | $1,790,000-2.7%$560/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 3/14/2025 | Price change | $1,840,000-2.6%$576/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 2/10/2025 | Price change | $1,890,000-3.3%$592/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 12/30/2024 | Listed for sale | $1,955,400+51%$612/sqft |
Source: Stellar MLS #A4633131 Report a problem | ||
| 10/9/2020 | Sold | $1,295,000+0.4%$405/sqft |
Source: Public Record Report a problem | ||
| 8/3/2020 | Pending sale | $1,290,000$404/sqft |
Source: KARNES REALTY GROUP #U8092828 Report a problem | ||
| 7/31/2020 | Listed for sale | $1,290,000+448.9%$404/sqft |
Source: KARNES REALTY GROUP #U8092828 Report a problem | ||
| 2/12/2013 | Sold | $235,000-26.5%$74/sqft |
Source: Public Record Report a problem | ||
| 10/5/2012 | Listed for sale | $319,900+48.2%$100/sqft |
Source: PEENS PROPERTY GROUP INC #A3957453 Report a problem | ||
| 10/1/2012 | Sold | $215,800-38.2%$68/sqft |
Source: Public Record Report a problem | ||
| 9/3/2012 | Price change | $349,000-12.5%$109/sqft |
Source: PEENS PROPERTY GROUP INC #A3957453 Report a problem | ||
| 5/16/2012 | Price change | $399,000-11.1%$125/sqft |
Source: PEENS PROPERTY GROUP INC #A3957453 Report a problem | ||
| 3/18/2012 | Listed for sale | $449,000-18.4%$141/sqft |
Source: PEENS PROPERTY GROUP INC #A3957453 Report a problem | ||
| 8/2/2005 | Sold | $550,000+165.7%$172/sqft |
Source: Public Record Report a problem | ||
| 1/16/2004 | Sold | $207,000+3.5%$65/sqft |
Source: Public Record Report a problem | ||
| 12/6/1999 | Sold | $200,000$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,364 +6.3% | $1,059,975 +2.9% |
| 2024 | $13,508 +0.7% | $1,030,102 +3% |
| 2023 | $13,413 +2.3% | $1,000,099 +3% |
| 2022 | $13,115 -0.6% | $970,970 +3% |
| 2021 | $13,195 +43.4% | $942,689 +42.8% |
| 2020 | $9,200 +1.3% | $659,955 +2.3% |
| 2019 | $9,085 | $645,117 +0.6% |
| 2018 | $9,085 -0.7% | $641,401 -7.3% |
| 2017 | $9,153 +143% | $692,183 +2.1% |
| 2016 | $3,766 | $677,946 +0.7% |
| 2015 | $3,766 | $673,233 +178.2% |
| 2014 | $3,766 +13.5% | $241,980 +11% |
| 2013 | $3,319 +331829% | $218,000 +1% |
| 2012 | $1 | $215,775 -1% |
| 2011 | $1 | $218,000 -5.2% |
| 2010 | -- | $229,890 -30% |
| 2009 | $5,020 -21.9% | $328,410 -23% |
| 2008 | $6,424 -3.7% | $426,500 -2% |
| 2007 | $6,674 -5.9% | $435,000 +1.8% |
| 2006 | $7,090 +108.8% | $427,500 +115.6% |
| 2005 | $3,395 +1.5% | $198,280 +3% |
| 2004 | $3,345 +8.1% | $192,500 +10% |
| 2003 | $3,095 +5.6% | $175,000 +6.1% |
| 2002 | $2,932 +1.5% | $165,000 |
| 2001 | $2,890 +40.6% | $165,000 +43.5% |
| 2000 | $2,055 | $115,000 |
Find assessor info on the county website
Neighborhood: 34221
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Nearby schools
GreatSchools rating
- 4/10Palm View Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 2/10Palmetto High SchoolGrades: 8-12Distance: 2.4 mi
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Estimated market value
$1,498,500
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Estimated market value
$1,498,500
- Florida
- Manatee County
- Palmetto
- 34221
- 5531 2ND AVENUE CIRCLE W
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