$10,000

closing credit¹

5531 2nd Avenue Cir W Palmetto, FL 34221

$1,955,400
4 beds
3 full, 1 partial
3,194 sqft
0.3 acres
$612 / sqft
House

Property details

About 5531 2nd Avenue Cir W

Experience breathtaking sunsets every evening from your custom-built, modern Key West-style waterfront home in the exclusive, gated community of Terra Ceia Bay Estates, featuring only ten residences. Arrive by boat via Tampa Bay's open waters to your private 90-foot dock with a 20,000-pound boat lift, or park in your expansive five-car garage equipped with ample storage. An elevator conveniently takes you to any of the home’s three levels. The mid-level main entrance welcomes you to an open-concept living area with stunning 180° water views, showcased through disappearing four-panel pocket sliding glass doors. The living room boasts a spacious wood-burning fireplace with a custom wood mantle, granite hearth, and built-ins, all beneath soaring 10-foot coffered ceilings with in-ceiling Bose surround sound speakers. These high ceilings continue throughout the home, complemented by ¾-inch solid Acacia hand-scraped hardwood floors, along with marble and travertine tile accents in the kitchen and bathrooms. The gourmet kitchen is a chef’s dream, offering a large walk-in pantry, granite countertops, under-cabinet and valance lighting, a touchless Kohler faucet, a generously sized island with bar seating, and a breakfast nook perfect for entertaining. It’s outfitted with high-end appliances, including a double oven, a five-burner low-profile electric cooktop, and a microwave drawer—ideal for hosting gatherings or preparing meals for family and friends. Adjacent is a formal dining room with crown molding and its own private balcony. On the third floor, the primary suite serves as a luxurious retreat, featuring a tray ceiling, a mirrored dressing area, and glass French doors leading to a private deck. A spiral staircase ascends to a crow’s nest, 40 feet above ground, where you can enjoy sunsets with panoramic views of the bay and Skyway Bridge. The ensuite bathroom offers heated travertine floors, a double vanity with granite countertops, a 12-jet Jacuzzi tub with an inline whirlpool heater, and an oversized walk-in shower with dual rainheads, four body sprays, and a shower wand. A nearby laundry room adds convenience, while an additional bedroom on this level includes a private bath with mosaic tile accents and a spacious wardrobe closet. Additional features of the home include solid core 8-foot interior doors, whole-house dimmable LED lighting, ceiling fans throughout, metal roofing, vinyl siding, Icynene attic spray foam insulation, a security system, PGT hurricane-rated impact windows and doors, see-through cable railing, and Trex composite decking. Outdoor amenities include dock lighting, a remote GEM boat lift controller, a 50A/30A shore power tower, and an in-ground sprinkler system. The home is located just 25 minutes from downtown St. Petersburg, 35 minutes from Tampa International Airport, and 20 minutes from University Mall. The HOA fee of $500/month covers community pool access, lawn and shrub maintenance, fertilization, and irrigation water.

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size3,194 sqft
Lot size0.29 Acres
Year built2014
ParkingDriveway, Guest, Oversized
MLS #A4633131
Attached garage5 spaces
WaterfrontBay
FireplaceWood Burning
ViewWater

Summary

  • MLS Number: A4633131
  • MLS Name: MFRMLS
  • Office Name: TIM LESTER INTERNAT'L REALTY
  • Office Phone: (941) 981-5388
  • Listing Agent: Tim Lester

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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 5:19:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of home with a balcony, cooling unit, a front yard, and a garage

$1,955,400

5531 2nd Avenue Cir W

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Oct 09, 2020
Home Sold
$1,295,000
Feb 12, 2013
Home Sold
$235,000
Aug 02, 2005
Home Sold
$550,000
Dec 16, 1999
Home Sold
$125,000
Dec 06, 1999
Home Sold
$200,000

Tax history

YearAssessmentProperty Tax
2020$659,955$9,200
2018$641,401$9,408
2017$692,183$9,408

History based on county public records data.

Nearby schools

7

James Tillman Elementary School

Public Magnet PK-5

2.0 mi

1415 29th St E

5

Palmetto Elementary School

Public District PK-5

3.1 mi

1540 10th St W

5

Blackburn Elementary School

Public District PK-5

3.5 mi

3904 17th St E

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $50,071. Most Palmetto, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

33%
<35k
39%
35k-100k
23%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

38%
Single, No Kids
8%
Single, with Kids
36%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
16%
18-34 yrs old
49%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Horse RacesHorse Races
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Chico'sChico's
  • Stein MartStein Mart
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • LongHorn SteakhouseLongHorn Steakhouse
  • ChipotleChipotle

What do the neighbors drive?

  • BuickBuick
  • MazdaMazda
  • HyundaiHyundai

What do the neighbors listen to?

  • Soft Adult ContemporarySoft Adult Contemporary
  • Contemporary InspirationalContemporary Inspirational
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5531 2nd Avenue Cir W

This home is located at 5531 2nd Avenue Cir W in Palmetto, FL and zip code 34221. This 3,194 square foot home, which was built in 2014, sits on a 0.29 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $1,955,400.

In December 2024, from all listings sold in Palmetto, FL there were more than 9 sold above asking price, over 50 sold below and more than 36 were sold right at the asked price. The number of homes for sale in Palmetto, FL decreased by 0.8% between November and December 2024. The median list price of listings available in December 2024 was $386,245, while the average time on the real estate market was 72 days.

From Rocket Homes Real Estate and based on county public records data.

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