1110 79th STREET E, Palmetto, FL, 34221 | $2,850,000

Introducing this magnificent, custom John Cannon Homes executive 4 bedroom, 4. 5 bathroom estate nestled on 5+ private, wooded acres in northern Manatee county. As you enter through the 8’ custom wrought iron doors, you’ll first notice the tranquil view of the tropical oasis of the outdoor entertaining area, surrounded by the lush private yard. This stately Mediterranean home features the exquisite formal dining room and showcases a 20 ft coffered decorative ceiling with custom chandelier; the adjacent formal living room features a propane fireplace that turns on with a switch warming you up on those cooler evenings. On the main floor, you’ll find the primary bedroom, including a quaint sitting area with bay windows, and courtyard patio for morning meditation and sunshine. There are several work-from-home spaces with the library/office, featuring built in bookcases and privacy, and a bonus room that could be used as a 2nd office/den, nursery, 5th bedroom, or gym. You’ll also find the large guest ensuite or potential in law suite on the main floor. The massive great room adjacent to the gourmet kitchen and dinette, provides the homeowner with plenty of entertaining room and is cradled by the outdoor entertaining area; truly the heart of the home! The home boasts a true theater room with soundproofed walls, 120” theatre screen, projector, 12 reclining seats, and a large AV Control Room with easy-access walk-in storage space. There are 2 additional tasteful bedrooms on the 2nd floor, one with a private veranda and a Jack and Jill bath with shower and separate soaking tub. There are many upgrades to this home, including ground mounted solar panels keeping electric bills low, saving thousands annually, 2nd floor walk in attic storage, soaring ceilings, multiple linen and storage closets, 625 sf of fenced dog yard with artificial grass, statue garden, 2 fountains, mature landscaping and so much more!
5+ private, fenced acres, zoned A-1, no HOA or CDD, the property is also surrounded by several thousand acres of the state park Terra Ceia State Preserve, which runs along the mouth of Tampa Bay where you and your family can enjoy birding, fishing, hiking trails, canoeing and kayaking launches, along with an unimproved boat ramp for shallow-draft vessels, accessing the open waters of Terra Ceia Bay, Tampa Bay and Gulf of Mexico. Or, take a golf cart ride and enjoy the natural habitat. For those equestrian enthusiasts, Paragon Stables, is a neighboring full-service Saddle Seat Riding Academy, with horse training, summer camps and other activities.
Very centrally located with easy commute to Tampa, St Pete, Anna Maria Island, Siesta Key, TIA, SRQ, UTC; take a weekend at the Florida theme parks, or spend the day boating and fishing. This private retreat offers an exceptional lifestyle with a perfect blend of elegance, functionality, and proximity to nature. It's an ideal haven for those seeking a luxurious yet peaceful living experience on the Gulf coast of Florida.

Features

  • Rooms: 13
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Lot Size: 350 x 657
  • Laundry: Inside, Laundry Room
  • Style: Mediterranean
  • Year Built: 2008
  • Garage: 3-car Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Oversized
  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 5,726
  • Acreage: 5.06
  • Lot Size: 350 x 657
  • Est. Taxes: $8,436
  • Lot Desc: Flood Insurance Required, FloodZone, In County, Landscaped, Pasture, Private, Zoned for Horses
  • View: Pool, Trees/Woods
  • Elem. School: Palm View Elementary
  • Middle School: Lincoln Middle
  • High School: Palmetto High
  • Pool: Deck, Heated, In Ground, Lighting, Pool Alarm, Salt Water, Screen Enclosure, Self Cleaning, Solar Heat, Tile
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Trash Compactor, Washer
  • MLS#: A4590671
  • Days on Market: 158 days
  • Website: https://www.raveis.com
    /eprop/A4590671/111079thstreete_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 5/16/2024 3:11:29 AM)

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NMLS Mortgage Loan Originator ID 1500191

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1110 79th STREET E, Palmetto, FL, 34221

$2,850,000

Aleks Roessiger

Sales Associate

William Raveis Real Estate

Phone: 603.455.1128

Aleks.Roessiger@raveis.com

Kate Rockett

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,280,000 $2,280,000 $2,280,000
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 $703 $703 $703
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,361 $14,788 $20,176
Total Monthly Payment $16,189 $15,616 $21,004

* 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.