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    Terra Ceia Bay Ln Palmetto, FL 34221

    Sponsored
    For Sale
    $1,628,000

    3.42 Acres, 22-Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 3.42-acre development site in Palmetto, Florida, presents a unique opportunity. Fully entitled and shovel-ready by Fall 2024, this property is ideally situated within the prestigious Terra Ceia Bay Country Club. Approved plans allow for a 22-unit villa development (11 duplexes). The site boasts strong demographics and benefits from its location in rapidly growing Manatee County. Residents will enjoy convenient access to a variety of amenities, including nearby Publix and Walmart grocery stores, Ellenton Premium Outlets, and essential services like Palmetto High School and Manatee School for the Arts. Palmetto's charming downtown area, featuring antique stores, farmers' markets, and outdoor markets, adds to the community's vibrant atmosphere. The property's APN is 24168.2000-5, and it's located on Terra Ceia Bay Ln, Palmetto, FL 34221. This is a prime investment opportunity with significant potential for substantial returns. The asking price is $1,628,000.

    Property Features for 0 Terra Ceia Bay Ln

    General Information

    Property type
    Land
    Lot Size
    148,975 SF

    HighLights

    • Located within the prestigious Terra Ceia Bay Country Club.
    • Approved site plan for a 22‑unit villa development (11 duplexes).
    • Fully entitled and shovel‑ready by Fall 2024.
    • Strong demographics in rapidly growing Manatee County.
    • 3.42‑acre site, APN 24168.2000‑5, located on Terra Ceia Bay Ln, Palmetto, FL 34221.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.582461
    Latitude
    27.534317

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    FAQs

    What type of property is this?
    Land - 3.42 Acres, 22-Unit Potential
    Where is this land located?
    The property is located at Terra Ceia Bay Ln Palmetto, FL.
    What is the asking price?
    The asking price for this property is $1,628,000.
    What are key features of this property?
    This property features: Located within the prestigious Terra Ceia Bay Country Club.; Approved site plan for a 22-unit villa development (11 duplexes).; Fully entitled and shovel-ready by Fall 2024.
    (813) 221-2290
    Request Owner's contact information
    Terra Ceia Bay Ln Palmetto, FL 34221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Terra Ceia Bay Ln Palmetto, FL 34221
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