About 306 Palm Avenue
LOCATION! NEW STEEL ROOF! .19 ACRE LOT! RARE ARTISAN WELL! MOTHER-IN-LAW SUITE! Opportunity is knocking on one of the most desirable streets on Anna Maria! This rare opportunity offers incredible potential in an unbeatable location. Just moments from the beach, the bay, the community center, and the shops and restaurants of Pine Avenue. This 3 bedroom, 3 bathroom home sits on an oversized .19-ACRE LOT in the heart of Anna Maria. The property features a NEW STEEL ROOF installed in MAY 2024 with a TRANSFERABLE 50-YEAR WARRANTY, providing a major upgrade already completed for the next owner. One of the bedrooms functions as a private mother-in-law suite with its own separate entrance, full bathroom, and existing hookups for a kitchenette - ideal for guests, extended family, or added rental flexibility. A unique highlight of the property is the separately deeded ARTISAN WELL, which supplies irrigation water to the community center as well as neighboring properties. This creates both community value and potential tax benefits! WEEKLY RENTALS are allowed, making this an outstanding opportunity for investors, builders, or buyers looking to create their dream island home. The property experienced flooding and will require renovation/gutting, but the location, lot size, and valuable existing features make this a truly exceptional investment opportunity on Anna Maria Island!
Features of 306 Palm Avenue
| MLS® # | A4693882 |
|---|---|
| Price | $1,625,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,902 |
| Acres | 0.19 |
| Year Built | 1984 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
| Property Taxes | 3,591.00 |
| Total Annual Fees | 0.00 |
| Minimum Lease | 1-7 Days |
Community Information
| Address | 306 Palm Avenue |
|---|---|
| Area | Anna Maria |
| Subdivision | BIMINI BAY COLONY CLUB |
| City | ANNA MARIA |
| County | Manatee |
| State | FL |
| Zip Code | 34216 |
Amenities
| Parking | Converted Garage, Driveway, Ground Level |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Living Room/Dining Room Combo, Walk-In Closet(s) |
|---|---|
| Appliances | Dishwasher, Range, Refrigerator, Washer |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Other, Private Entrance, Private Mailbox, Private Yard, Sliding Doors, Storage |
|---|---|
| Roof | Metal, Other |
| Foundation | Slab |
School Information
| Elementary | Anna Maria Elementary |
|---|---|
| Middle | Martha B. King Middle |
| High | Manatee High |
Additional Information
| Date Listed | May 16th, 2026 |
|---|---|
| Days on Market | 61 |
| Zoning | R1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | DUNCAN REAL ESTATE, INC. |
|---|