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$420,000

8131 TEA OLIVE TERRACE, PALMETTO, FL 34221

3D Tour
Active181 days on market

Beds

4

Baths

3

Sq Ft

1,698 sq ft

Year Built

2023

Lot Size

0.20 acres

Garage

2

About This Property

Welcome to this beautiful newer-construction home in Palmetto, FL, offering 4 bedrooms and 3 bathrooms with a bright, open-concept layout designed for comfortable everyday living. Step inside to find neutral tones, modern finishes, and abundant natural light throughout. The spacious kitchen is the heart of the home, featuring quartz countertops, stainless steel appliances, ample cabinet space, and a large island that flows seamlessly into the dining and living areas. Enjoy peaceful pond views from the screened-in lanai and fully enjoy the backyard setting. The thoughtfully designed floor plan offers a private primary suite at the rear of the home with a walk-in shower and generous walk-in closet, while a second bedroom suite with its own bathroom provides ideal space for guests or multigenerational living. Two additional bedrooms are located near the front of the home and share a full bathroom. Additional highlights include impact glass windows, in-unit washer and dryer, water filtration system, and much more. Conveniently located near shopping, dining, and major routes. Schedule your private showing today!

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #O6397593
StatusActive
Year Built2023
Stories1
Total Rooms3
ConstructionBlock, Brick
RoofTile
FoundationBlock, Slab
FacesNorth
SubdivisionIMPERIAL LAKES RESIDENTIAL
CountyManatee
OwnershipFee Simple

Interior Features

InteriorOther
FlooringCarpet, Ceramic Tile
AppliancesDryer, Microwave, Range, Refrigerator
LaundryInside
CoolingCentral Air
HeatingNone

Exterior & Lot

ExteriorFrench Doors, Garden, Hurricane Shutters
Lot Size0.20 acres (8,516 sq ft)
Road SurfaceConcrete
ViewGarden
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesOther

Parking

GarageYes (2 spaces)

HOA & Community

HOAYes
HOA Fee$244 / Monthly
Senior CommunityNo

Financial Details

List Price$420,000
Annual Taxes$5,209 (2025)
FinancingCash, Conventional, FHA
ZoningX
Parcel #648206059

Directions

From I-75 (north or south) get off at exit 93A onto 683. Turn south (or left) onto I-75 frontage road. Then turn right onto Bobby Jones Ct. Turn Left on Tea Olver Terrace.

Location

8131 TEA OLIVE TERRACE, PALMETTO, FL 34221

Listing Information

OfficeJULIES REALTY, LLC
ListedApril 8, 2026

Schedule a Tour

Pick a Day

Preferred Time

Scheduling is free, and you can cancel anytime.

Home Price

$420,000

20% ($84,000)
6.75%

Loan Term

Principal & Interest$2,179
Property Tax (est.)$385
Insurance (est.)$150
Total Monthly$2,714
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How to Buy This Home

Multiple financing options available for this $420,000 home in PALMETTO.

🏛️

FHA Loan

$14,700 Down

Government-backed, low down payment. Credit scores as low as 580.

🏦

Conventional

$21,000 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Manatee County SHIP

Varies

Income-qualifying Manatee residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee, just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively 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. Data last updated: September 19, 2026.

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