516 Kumquat DRIVE, Anna Maria, FL, 34216 | $4,895,000

Welcome to Open Palms a Luxury Waterfront Home located on one of the few canals in the City of Anna Maria with open water access with no bridges. Although zoned for weekly rentals this property has never been rented. Built by Gagne Construction 5 years ago with detailed design collaboration with the owners here mentioned is a partial list of all the incredible features: The dock is 50’ long with 30’ fixed and 20’ floating with tide & with movable kayak/SUP board assist bar & ladder access from fixed portion. The dock is 10’ deep and has a deployable rescue ladder to canal. The city building code changed after dock was built. Now, docks cannot exceed 20’ in length. Dock includes fish light, perimeter flush-mount LED safety lights, and a power pedestal with hose bib. The Golden boat lift capacity is 14, 000 lbs. , with normal resting height and storm height settings, and a remote control; Owner added Swingstoppers® system for securing boat in hurricanes; canal-side ladder and catwalk installed for applying Swingstoppers. Seawall was completely replaced in 2016, including dead man anchors to keep seawall from leaning towards canal. The home has 30 helical piers set into the lot onto which foundation bases were poured. Rebar was set into foundation bases to extend into the masonry block structural columns, which were then filled with concrete and tied to the first course of framing for floor above ground level. Wind mitigation report from construction verifies compliance with Miami-Dade standards. Fire escape ladder and platform from 3rd floor to ground; only deployable from third floor and not accessible from ground. Propane-powered Kohler 20kW generator on 3rd-floor landing, powers A/C on main floor, microwave, refrigerators, ceiling fans throughout. Full tank (~400 gallons per code) runs it for ~10-14 days. Three stop elevator is accessible from foyer, kitchen, and sitting room. Stairs leading down to foyer/garage and from 3rd floor have built-in pocket pet/toddler doors with rare-earth magnetic catches. Kitchen appliances include GE Profile™ 27. 9 Cu. Ft. Smart Fingerprint Resistant 4-Door French-Door Refrigerator with Door in Door for quick beverage access, outside filtered water/ice dispenser, control panel, and Wi-Fi accessible status indicators; GE Profile™ Microwave/Oven combination with Advantium™ technology; GE Profile™ Bluetooth enabled Dishwasher and GE Profile™ 36" Five Element, Built-In Touch Control Induction Cooktop in island with GE Telescopic Downdraft Exhaust Fan that is vented to outside through basement ceiling with magnetic closing, screened vent cap to discourage infiltration of pests & water during storms. The laundry room includes Samsung smart Top-load Washer, including built-in sink for pre-washing delicates; Front-load dryer that is vented to outside via a magnetic, screened vent flap to discourage pest & water infiltration during storms; custom stainless steel counter with sink & pull down, two-function faucet, drying rod; custom ceiling-height cabinets; Iron-A-Way recessed wall-mounted ironing center with task light on timer or powered off by closing cabinet door, power outlet, hot iron storage; circuit breakers (main & generator-fed circuits) with whole-house surge suppression added. Meticulously cared for the home is covered by Choice Home Warranty that is transferrable to new owner. A pre-listing inspection has been completed to insure all of the above and what is not listed can be enjoyed by you immediately.

Features

  • Elevator: Y
  • Rooms: 12
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Inside, Laundry Room, Upper Level
  • Style: Custom
  • Year Built: 2018
  • Garage: 2-car Covered, Driveway, Garage Door Opener, Golf Cart Parking, Ground Level, Guest, On Street, Parking Pad, Split Garage, Under Building, Workshop in Garage
  • Heating: Electric, Zoned
  • Cooling: Central Air, Humidity Control, Zoned
  • Approx Sq. Feet: 2,804
  • Acreage: 0.26
  • Est. Taxes: $21,490
  • Lot Desc: Cul-De-Sac, City Lot, In County, Landscaped, Near Marina, Sloped, Street Dead-End
  • View: Garden, Pool, Water
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Manatee High
  • Pool: Gunite, Heated, In Ground, Lighting, Salt Water, Tile
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Refrigerator, Washer, Water Filtration System
  • MLS#: A4579882
  • Days on Market: 207 days
  • Website: https://www.raveis.com
    /eprop/A4579882/516kumquatdrive_annamaria_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 5/16/2024 9:47:09 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-383-2500

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NMLS Mortgage Loan Originator ID 16953

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516 Kumquat DRIVE, Anna Maria, FL, 34216

$4,895,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,916,000 $3,916,000 $3,916,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 6.851% 6.915%
Monthly Tax Payment $1,791 $1,791 $1,791
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $26,383 $25,399 $34,653
Total Monthly Payment $28,299 $27,315 $36,569

* 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.