502 16th AVENUE E, Palmetto, FL, 34221 | $799,900

One or more photo(s) has been virtually staged. Pride of ownership is exhibited in this luxurious waterfront home in the exclusive boater’s community of Sanctuary Cove. At the end of a cul-de-sac, you will instantly notice this home's beautiful curb appeal with its paved driveway, lush tropical landscaping and barrel tile roof. Walking in through the designer glass front door you immediately notice the spectacular water view in the back of the living area! This stunning open-concept modern two-bedroom, 2. 5 bath split floor plan plus den and office is absolutely gorgeous. Just off the foyer is the flex room, a great space to use as a home office/den, exercise room and can easily be enclosed to make a third bedroom. The tray ceiling in this room gives it an even grander feel. Just past the flex room is a convenient half bath for guests. The hallway beyond the foyer leads you to the luxurious open kitchen that overlooks the huge great room. The modern chef's kitchen includes 42-inch ivory cabinets, beautiful subway tile backsplash, under-cabinet lighting, quartz countertops, gas cooktop range, stainless steel hood, GE profile stainless steel appliances including double wall oven, recessed LED lighting, large walk-in pantry with ventilated wood shelving, counter height island with sink and which provides additional seating. The kitchen opens to a spacious great room with dining and living area all flowing together, with an abundance of natural light and stunning water views, making it the ideal space for hosting and entertaining. Just off the great room is the primary bedroom, which includes tray ceiling and glass inset door that leads you to the lanai. Your luxurious en-suite bath includes large frameless glass walk-in shower with rainfall shower head, built-in bench, floor-to-ceiling tile, dual sinks with quartz countertops, private toilet room and large walk-in custom-built closet. A hallway just off the kitchen leads to a guest bedroom and full bath with quartz countertops that feature a pocket door leading to the bedroom. The laundry room is also just off this hallway and includes Samsung washer and dryer, linen closet, plus built-in cabinets to store all your laundry and cleaning supplies. A handy drop zone/mini office area is also in the hallway just outside the laundry room and includes cabinets, drawers and quartz countertops. Triple sliders just off the great room lead you to your slice of paradise, the covered lanai with sweeping panoramic screen for unobstructed water views, which is ideal for the outdoor lifestyle. The backyard offers plenty of space to add a pool or to let your pets run around, plus the opportunity to add a private dock and boat lift, making it convenient for water enthusiasts to indulge and explore the open waters. Other upgrades include hurricane impact-resistant window and doors throughout, 8-foot shaker-style interior doors, tall modern baseboards, ceiling fans with lights, Ring doorbell camera, epoxy floors in garage, gas water heater, and myQ Wi-Fi garage door opener. No flood insurance required. Sanctuary Cove is a desirable resort-style, maintenance-free community with a beautiful clubhouse with game room, community pool, spa, full kitchen and meeting room that you can reserve for private events. Along the shoreline of the Manatee River with easy access to the gulf. The private beach offers a launch area and storage for kayaks, fishing sites, picnic patio and grills to entertain your out-of-town guests.

Features

  • Amenities: Clubhouse, Fitness Center, Gated, Park, Playground, Pool, Recreation Facilities, Security, Tennis Court(s)
  • Rooms: 10
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Gas Dryer Hookup, Inside, Laundry Room
  • Style: Florida
  • Year Built: 2021
  • Garage: 2-car Covered, Driveway, Garage Door Opener
  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air
  • Approx Sq. Feet: 1,957
  • Acreage: 0.15
  • Est. Taxes: $9,490
  • HOA Fee: $358 Quarterly
  • Lot Desc: Cul-De-Sac, City Lot, Landscaped, Level, Sidewalk, Street Dead-End
  • View: Water
  • Elem. School: James Tillman Elementary
  • Middle School: Lincoln Middle
  • High School: Palmetto High
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4622113
  • Days on Market: 60 days
  • Website: https://www.raveis.com
    /prop/A4622113/50216thavenuee_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/11/2024 6:08:00 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-383-2500

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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502 16th AVENUE E, Palmetto, FL, 34221

$799,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $639,920 $639,920 $639,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.778% 6.034%
Monthly Tax Payment $791 $791 $791
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,151 $4,097 $5,314
Total Monthly Payment $5,034 $4,980 $6,197

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.