Palmetto, FL, 34221 | $8,990,000

THE CROWN JEWEL OF THE MANATEE RIVER!!! Once in a lifetime opportunity to own this magnificent gated riverfront estate. LITERALLY NOTHING ELSE LIKE IT. . . THE LARGEST PARCEL ON THE MANATEE RIVER with direct access to the Gulf of Mexico. Would make an incredible FAMILY COMPOUND! You could put multiple homes on this extraordinary property and truly live in a secluded compound. Truly one of the most desirable deep water parcels on the entire west coast of Florida. Experience unparalleled privacy in this compound nestled on the shores of Snead Island! Spanning an impressive 7. 45 acres, this extraordinary property boasts two houses and over 372 feet of direct deep water river frontage! The main house, a custom-built coastal farmhouse with 4 bedrooms, 3. 5 bathrooms and over 6000 sq ft of living space was built in 2018 and offers a seamless blend of modern luxury and Old Florida charm. As you enter through the main gate, a scenic drive takes you through a historic mango plantation adorned with majestic oak and mango trees, embodying the essence of Old Florida's natural beauty. The main house is a masterpiece of design, featuring cathedral ceilings, transom windows, and a spacious great room that opens to a massive pool overlooking the Manatee River. DIRECT RIVER VIEWS FROM JUST ABOUT EVERY SINGLE ROOM! Step into the kitchen, a haven for any gourmet chef, equipped with pristine cabinetry, high-end appliances, and a remarkable kitchen island. The bedrooms and baths, bathed in natural light, offer captivating river views. With spectacular designer finishes, this new construction home meets today's stringent standards including full hurricane protection for all windows and doors. The outdoor living space is a true extension of luxury, designed for entertaining and relaxation. From sitting areas around a double-sided fireplace to an outdoor kitchen, this space is highlighted by a large saltwater heated pool and spa overlooking a gorgeous WHITE SANDY BEACH! Boaters will appreciate the deep water access with no bridges, complete with a newer dock featuring 2 boat lifts. Adding to the allure of this property is a meticulously preserved guest cottage offering 1 bedroom, 1. 5 baths, and a 2-car garage that is perfect for friends, family or a live in caretaker. This expansive parcel of land provides a rare opportunity to create a FAMILY COMPOUND or easily SPLIT INTO MULTIPLE LOTS. The possibilities are nearly limitless, making this property more than a home – it's a way of life. Located on one of the undiscovered treasures of the West Coast of Florida--Snead Island. Whether you enjoy dining or boating at the local Yacht Club, biking or kayaking all of the trails of the 365 acre Emerson State Park, or seeing the horses at the local stable, Snead Island truly has something for everyone and is old Florida living at its best! Seize this once-in-a-lifetime chance to tour and embrace the magnificence of this estate before it's gone for good!

Features

  • Rooms: 6
  • Bedrooms: 5
  • Baths: 4 full / 2 half
  • Lot Size: 361 x 1064
  • Laundry: Inside, Laundry Room
  • Style: Florida
  • Year Built: 2018
  • Garage: 5-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 7,377
  • Acreage: 7.45
  • Lot Size: 361 x 1064
  • Est. Taxes: $32,753
  • Lot Desc: In County
  • View: Water
  • Pool: Heated, In Ground, Salt Water
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: A4594789
  • Days on Market: 115 days
  • Website: https://www.raveis.com
    /eprop/A4594789/_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 5/20/2024 10:04:36 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-758-7777

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert.Reade@raveis.com

Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Palmetto, FL, 34221

$8,990,000

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 $7,192,000 $7,192,000 $7,192,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.903% 7.014% 7.041%
Monthly Tax Payment $2,729 $2,729 $2,729
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $49,062 $47,246 $64,142
Total Monthly Payment $51,916 $50,100 $66,996

* 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.