Why wait to build when you can enjoy the benefits of newer construction today? Built in 2023 and thoughtfully upgraded, this 4-bedroom, 3.5-bath home in The Fairways at Imperial Lakes offers 2,976 square feet of beautifully designed living space, peaceful preserve views, and the convenience of a move-in-ready home in Palmetto, Florida. Ideally positioned between Tampa, St. Petersburg, and Sarasota, this home combines modern comfort, flexible living spaces, and an exceptional location for enjoying everything Florida's Gulf Coast has to offer. From the moment you enter, soaring ceilings, natural light, and an inviting open-concept design create an effortless flow for everyday living and entertaining. At the heart of the home, the spacious kitchen features an oversized quartz island, double wall ovens, generous cabinetry, and casual dining space, making it equally suited for busy mornings and hosting friends and family. The adjoining great room, complete with a tray ceiling and built-in surround sound, opens through sliding glass doors to the covered lanai, where a tranquil preserve backdrop provides a peaceful extension of the living space. Designed with versatility in mind, the first floor also features a separate flex room accented by a floor-to-ceiling shiplap electric fireplace, creating an inviting space for a home office, den, or additional sitting area. The main-level primary suite offers privacy and convenience, complete with dual vanities, a tiled walk-in shower, and a private water closet. Upstairs, a spacious loft provides a second gathering area, ideal for a media room, playroom, or relaxed retreat. Three additional bedrooms and two full bathrooms offer comfortable accommodations for family and guests, including a bedroom with its own en-suite bath, perfect for extended visits or multigenerational living. Step outside to the covered lanai and enjoy the privacy of a generously sized backyard overlooking the natural preserve, with ample space to envision a future pool and personalized outdoor entertaining area. Beyond its thoughtful layout, this home offers valuable upgrades that distinguish it from typical new construction, including hurricane-impact windows and doors throughout and a whole-house water filtration system. A two-car garage adds everyday convenience, while low HOA fees and no CDD contribute to the home's overall appeal. Located in The Fairways at Imperial Lakes, an established Palmetto golf-course community with optional membership at nearby Moccasin Wallow Golf Club, residents enjoy convenient access to Publix, Gateway Commons, Ellenton Premium Outlets, shopping, dining, and major commuter routes, including I-75 and I-275. Whether commuting north toward Tampa and St. Petersburg, heading south to Sarasota, or spending the day along the beaches of Anna Maria Island and Longboat Key, this location makes it easy to enjoy the best of Southwest Florida. With the advantages of 2023 construction, desirable upgrades already in place, and a location that connects you to the entire Tampa Bay and Sarasota region, 8219 Tea Olive Terrace offers an opportunity to settle into the Florida lifestyle without the wait. Schedule your private showing and experience it for yourself.
For sale
Price cut: $10K (11/5)
$615,000
8219 TEA OLIVE TERRACE, PALMETTO, FL 34221
4beds
2,976sqft
Single Family Residence
Built in 2023
7,488 Square Feet Lot
$600,000 Zestimate®
$207/sqft
$120/mo HOA
What's special
Covered lanaiTwo-car garageSpacious loftThree additional bedroomsAdjoining great roomSeparate flex roomTranquil preserve backdrop
- 73 days
- 150
- 7
Zillow last checked:
Listing updated:
Listed by:
Drew Jacobsen 941-253-6309,
COMPASS FLORIDA LLC 941-279-3630
Source: Stellar MLS,MLS#: A4701460
Originating MLS: Sarasota - Manatee

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Den/Library/Office, Loft
Primary bedroom
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: First
Bedroom 2
- Features: Built-in Closet
- Level: Second
Bedroom 3
- Features: Built-in Closet
- Level: Second
Bedroom 4
- Features: Built-in Closet
- Level: Second
Primary bathroom
- Features: Built-in Closet
- Level: First
Family room
- Level: First
Kitchen
- Features: Pantry
- Level: First
Laundry
- Level: First
Living room
- Level: First
Loft
- Level: Second
Office
- Level: Second
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range Hood, Refrigerator, Water Filtration System
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat
- Flooring: Carpet, Ceramic Tile
- Doors: Sliding Doors
- Windows: Window Treatments
- Has fireplace: Yes
- Fireplace features: Electric
Interior area
- Total structure area: 3,858
- Total interior livable area: 2,976 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Door Opener, On Street
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch, Patio, Screened
- Exterior features: Irrigation System, Lighting, Private Mailbox, Rain Gutters, Sidewalk
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 7,488 Square Feet
- Features: Landscaped, Sidewalk
- Residential vegetation: Trees/Landscaped
Details
- Parcel number: 648205559
- Zoning: PD-R
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 2023
Details
- Builder name: William Ryan Homes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Deed Restrictions, Golf, Irrigation-Reclaimed Water, Sidewalks
- Security: Fire Alarm
- Pet fee: $0 monthly
- Subdivision: IMPERIAL LAKES RESIDENTIAL
HOA
- Has HOA: Yes
- HOA fee: $120 monthly
- HOA name: Community Management Services Inc - Betsy Davis
- HOA phone: 941-758-9454
Location
- Region: Palmetto
Financial & listing details
- Price per square foot: $207/sqft
- Tax assessed value: $477,551
- Annual tax amount: $6,321
- Date on market: 8/28/2026
- Cumulative days on market: 250 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Estimated market value
$600,000
$570,000 - $630,000
$3,304/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2026 | Price change | $615,000-1.6%$207/sqft |
Source: | ||
| 8/28/2026 | Listed for sale | $625,000-0.8%$210/sqft |
Source: | ||
| 8/1/2026 | Listing removed | $629,900$212/sqft |
Source: | ||
| 6/11/2026 | Price change | $629,900-2.3%$212/sqft |
Source: eXp Realty #A4679355 Report a problem | ||
| 3/11/2026 | Price change | $645,000-0.4%$217/sqft |
Source: eXp Realty #A4679355 Report a problem | ||
| 2/4/2026 | Listed for sale | $647,777+0.4%$218/sqft |
Source: eXp Realty #A4679355 Report a problem | ||
| 11/4/2025 | Listing removed | $645,000$217/sqft |
Source: | ||
| 10/6/2025 | Price change | $645,000-0.8%$217/sqft |
Source: | ||
| 7/31/2025 | Listed for sale | $650,000+8.1%$218/sqft |
Source: | ||
| 3/1/2023 | Sold | $601,200$202/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,321 +2.4% | $477,551 -0.8% |
| 2024 | $6,173 +323.3% | $481,468 +436.9% |
| 2023 | $1,458 | $89,675 |
Find assessor info on the county website
Monthly payment
Est. payment




