For sale · Active

505 S Bay Boulevard

Anna Maria, FL 34216 · Wells Bay Harbor Sec A Rep

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5 beds5 baths3,202 sqftbuilt 2014

About this home

Grandfathered to accommodate up to 12 guests—a rare and increasingly valuable advantage on Anna Maria Island—505 S Bay Boulevard offers an exceptional opportunity for investors seeking one of the island's highest-performing vacation rental properties. Unlike many homes subject to today's stricter occupancy regulations, this property retains its coveted higher occupancy allowance, creating significantly greater rental flexibility and income potential. The results speak for themselves: the property has already generated more than $163,000 in gross rental income by the end of June and is currently projected to exceed $210,000 in gross rental revenue by year-end, making this an incredible opportunity to own a luxury waterfront home with proven, substantial income-producing performance. Let the island breeze guide you home to 505 S Bay Boulevard, a waterfront haven where the world slows down and coastal living feels like poetry. Tucked along the tranquil north end of Anna Maria Island, this elevated five-bedroom, five-bath home invites you to experience a lifestyle wrapped in beauty, comfort, and pure island magic. Step inside and discover more than 3,200 square feet of thoughtfully designed living space, filled with natural light and framed by sweeping water views. The open-concept floor plan flows seamlessly, anchored by a gourmet kitchen featuring dual islands, high-end finishes, and a gas cooktop—perfect for everyday living and effortless entertaining. Multiple ensuite bedrooms, a versatile top-floor loft, and separate living areas provide privacy and flexibility for family, guests, or long-term stays. Four balconies extend the indoor living spaces outdoors, offering uninterrupted views of spectacular sunrises over the bay and peaceful evenings overlooking the water. Luxury amenities continue throughout the property, including a heated saltwater pool, private boat dock and lift on the canal, an eco-friendly rainwater cistern system, two tankless water heaters, an R38-rated metal roof with spray-foam insulated walls for exceptional energy efficiency, and a transferable 25-year termite warranty for added peace of mind. For boating enthusiasts, the home's 32 feet of saltwater canal frontage, deeded boat slip, and private lift provide direct access to the Intracoastal Waterway and the Gulf of Mexico. Durable coastal construction, impact-resistant features, and low-maintenance materials ensure lasting value while embracing the waterfront lifestyle. Beyond the home, Anna Maria Island offers one of Florida's most celebrated coastal experiences. A short stroll or bike ride leads to the charming boutiques, cafés, and galleries along Pine Avenue, while world-famous sugar-sand beaches and crystal-clear Gulf waters provide endless opportunities for boating, paddleboarding, fishing, shelling, and unforgettable sunsets. At 505 S Bay Boulevard, you're not simply purchasing a luxury waterfront residence—you're acquiring one of Anna Maria Island's rare investment opportunities, combining grandfathered high occupancy, exceptional proven rental performance, premier boating access, and the timeless island lifestyle that continues to make this one of Florida's most sought-after coastal destinations.

The essentials

Status
Active
Property type
Single Family Residence
Year built
2014
Days on market
202
Subdivision
Wells Bay Harbor Sec A Rep
County
Manatee
MLS #
TB8456067

Interior

Living area
3,202 sqft
Bedrooms
5
Bathrooms
5
Flooring
Bamboo, Ceramic Tile, Porcelain Tile
Interior features
Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Elevator, L Dining, Thermostat, Walk-In Closet(s), Window Treatments
Cooling
Central Air
Heating
Central, Electric

Exterior & lot

Lot size
7,301 Square Feet
Pool
Gunite, Heated, In Ground, Salt Water
View
Pool, Trees/Woods, Water
Garage spaces
2
Construction
Block
Roof
Metal
Exterior features
Balcony, French Doors, Lighting, Outdoor Shower, Rain Barrel/Cistern(s), Rain Gutters, Sidewalk, Sprinkler Metered, Storage

Community & costs

Annual taxes
$35,732
Ownership
Fee Simple

Listing courtesy of KELLER WILLIAMS SOUTH TAMPA · Stellar MLS. This information is believed to be accurate, but without warranty.