Welcome to your brand-new 3-bedroom, 2-bat home in the highly sought-after community of Tea Olive Terrace. Thoughtfully designed by William Ryan Homes, this Sanibel model offers 2,083 sq. ft. of beautifully finished living space on a 52' x 125' lot with a spacious 2-car garage. From the moment you arrive, you’ll appreciate the quality touches: manicured landscaping that create instant curb appeal. Step inside to find an open-concept great room with ceramic tile flooring, a modern gourmet kitchen with stainless steel appliances, and a covered lanai that's perfect for morning coffee or evening gatherings. Retreat to your generous primary suite featuring a walk-in closet and a spa-like bathroom. A dedicated laundry room and plenty of storage make daily life easy. Residents enjoy all the perks of Tea Olive Terrace, sidewalks for evening strolls, and a true sense of community. With low HOA fees, close proximity to shopping, dining, and highly rated schools, this is luxury living at its best. All measurements are approximate
Sold for $375,000
$375,000
8077 Tea Olive Ter, Palmetto, FL 34221
3beds
2,083sqft
Single Family Residence
Built in 2025
6,499 Square Feet Lot
$370,900 Zestimate®
$180/sqft
$3,037 Estimated rent
Home value
$370,900
$341,000 - $404,000
$3,037/mo
Zestimate® history
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$2,577/mo
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List your homeWhat's special
Covered lanaiModern gourmet kitchenSpa-like bathroomGenerous primary suiteOpen-concept great roomCeramic tile flooringStainless steel appliances
Zillow last checked:
Listing updated:
Listed by:
Kelly Thorson 813-839-1000,
KELSA PROPERTIES,P.A. 813-839-1000
Bought with:
Non-Member Agent
STELLAR NON-MEMBER OFFICE
Source: Stellar MLS,MLS#: TB8402514
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Den/Library/Office, Utility Room
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Area: 237.29 Square Feet
- Dimensions: 18.1x13.11
Great room
- Level: First
- Area: 306.73 Square Feet
- Dimensions: 20.3x15.11
Kitchen
- Level: First
- Area: 180.88 Square Feet
- Dimensions: 15.2x11.9
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Range, Tankless Water Heater
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Features
- In Wall Pest System, Primary Bedroom Main Floor, Tray Ceiling(s)
- Flooring: Carpet, Ceramic Tile
- Doors: Sliding Doors
- Has fireplace: No
Interior area
- Total structure area: 2,759
- Total interior livable area: 2,083 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Rear Porch
- Exterior features: Sidewalk
Lot
- Size: 6,499 Square Feet
- Features: Sidewalk
- Residential vegetation: Trees/Landscaped
Details
- Parcel number: 648206609
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida
- Property subtype: Single Family Residence
Materials
- Block, Stone, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: Yes
- Year built: 2025
Details
- Builder model: Sanibel
- Builder name: William Ryan Homes Florida Inc
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Electricity Available, Natural Gas Available, Public, Underground Utilities
Green energy
- Water conservation: Fl. Friendly/Native Landscape
Community & HOA
Community
- Features: Deed Restrictions, Sidewalks
- Security: Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: IMPERIAL LAKES RESIDENTIAL
HOA
- Has HOA: Yes
- HOA fee: $120 monthly
- HOA name: Fonda Norton
- HOA phone: 813-879-1139
Location
- Region: Palmetto
Financial & listing details
- Price per square foot: $180/sqft
- Tax assessed value: $89,675
- Annual tax amount: $1,221
- Date on market: 6/30/2025
- Cumulative days on market: 143 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Sold | $375,000-3.8%$180/sqft |
Source:  Stellar MLS #TB8402514 Report a problem | ||
| 11/21/2025 | Pending sale | $389,990$187/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 11/6/2025 | Price change | $389,990-10.3%$187/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 10/22/2025 | Price change | $434,990-2.2%$209/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 10/2/2025 | Price change | $444,990-1.1%$214/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 9/25/2025 | Price change | $449,990-4.3%$216/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 9/19/2025 | Price change | $469,990-2.1%$226/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 8/12/2025 | Price change | $479,990-2%$230/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 6/30/2025 | Listed for sale | $489,990+444.4%$235/sqft |
Source: Stellar MLS #TB8402514 Report a problem | ||
| 10/4/2024 | Sold | $90,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,262 +3.4% | $89,675 |
| 2024 | $1,221 -2.3% | $89,675 |
| 2023 | $1,250 | $89,675 |
Find assessor info on the county website
Neighborhood: 34221
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Nearby schools
GreatSchools rating
- 7/10Virgil Mills Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Buffalo Creek Middle SchoolGrades: 6-8Distance: 1 mi
- 2/10Palmetto High SchoolGrades: 8-12Distance: 6.1 mi
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Estimated market value
$370,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$370,900
- Florida
- Manatee County
- Palmetto
- 34221
- 8077 Tea Olive Ter
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