8234 TEA OLIVE TERRACE, PALMETTO, FL, 34221
Active34 days on marketListed Jun 30, 2026MLS #A4698380
About this home
8234 TEA OLIVE TERRACE
Welcome to an extraordinary better-than-new luxury residence, perfectly positioned on one of the most desirable homesites at Tea Olive Terrace at the Fairways Imperial Lakes. Nestled within an exclusive enclave of only 66 homes, this intimate all-natural gas community, thoughtfully crafted by William Ryan Homes, offers a rare combination of quality construction, exceptional privacy, and timeless elegance. Set against breathtaking lake and preserve views, this exceptional home has been extensively upgraded beyond builder standards, offering the luxury, craftsmanship, and resort-style outdoor living today’s discerning buyers desire—without the additional expense, time, or uncertainty of building new. From the moment you arrive, professionally designed landscaping, elegant architectural details, and impressive curb appeal create a lasting first impression. Inside, soaring ceilings accented with tray ceilings and crown molding, designer lighting, upgraded remote operated ceiling fans, and abundant natural light complement the spacious open-concept floor plan. A built-in surround sound system with indoor and outdoor speakers creates the perfect setting for effortless entertaining. Designed with both luxury and functionality in mind, the chef’s kitchen is the heart of the home, featuring stainless steel appliances, quartz countertops, designer tile backsplash, abundant cabinetry with soft-close drawers and convenient pull-outs for ultimate organization, and an oversized center island overlooking the dining area, great room and your personal outdoor oasis. One of the home’s most sought-after features is its versatile floor plan, offering two luxurious primary suites, providing exceptional flexibility for multi-generational living. Outside, your private backyard paradise is already beautifully completed showcasing a custom heated saltwater pool and spa with elegant waterfalls, LED lighting, premium decking, and a panoramic picture-screen enclosure that perfectly frames the tranquil lake and preserve views. The pool was thoughtfully constructed with an extra-deep end, perfect for cannonballs and added fun. Your paradise can easily be enhanced with an outdoor kitchen with the plumbing and gas lines already installed for the outdoor chef. This home also features hurricane-impact glass throughout, providing superior storm protection, enhanced energy efficiency, and everyday comfort. A central vacuum system adds a unique and convenient feature for effortless cleaning throughout the home. Unlike new construction, every upgrade has already been completed—from the premium homesite and custom outdoor oasis to the professional landscaping, architectural enhancements, integrated audio system, designer finishes, built-in organization, garage storage racks for added functionality, and countless thoughtful details—allowing you to simply move in and enjoy. Residents of Tea Olive Terrace at the Fairways Imperial Lakes enjoy low HOA fees, NO CDD fees, championship golf nearby, and a prime location with convenient access to I-75, Lakewood Ranch, Sarasota, St. Petersburg, Tampa, world-class Gulf beaches, shopping, dining, and major airports. If you are seeking a rare combination of an exclusive boutique community, custom William Ryan Homes craftsmanship, all-natural gas living, hurricane-impact windows, and luxury upgrades inside and out, 8234 Tea Olive Terrace presents an exceptional opportunity to own one of the finest homes in this community.
Facts & features
The home at a glance
5
Bedrooms
3.5
Bathrooms
2,949
Sqft
0.15 ac
Lot size
2
Garage
2023
Year built
Two
Levels
$242
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$4,428 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,428/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−2.8%
$/sqft vs Palmetto actives
$242 vs $205
Days on market
34 vs 57 typical
Where $242/sqft sits among the 400 Palmetto actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Imperial Lakewoods
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palmetto. See the full Palmetto guide →
Imperial Lakewoods — neighborhood snapshot
Population
1,586
Median age
48
Median income
$97,751
Median home value
$358,906
Avg household
3
Households w/ children
146
For the school run
Manatee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palmetto market
$359K → $376K
Palmetto median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
219 of 400
Palmetto actives have cut their price
Median sold price, Palmetto, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 92% above the PALMETTO 34221 median. See the full Palmetto market guide →
Paper trail
This home's history
Reality check
What actually sold near 8234 TEA OLIVE TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$375,000
8077 TEA OLIVE TERRACE · same community
3 bd · 2 ba · 2,083 sqft · $180/sqft · 143 DOM
Sold · Jun ’26$489,900
8251 TEA OLIVE TERRACE · same community
3 bd · 2 ba · 2,080 sqft · $236/sqft · 53 DOM
Sold · Apr ’26$530,000
7427 61ST STREET E
4 bd · 2.5 ba · 2,988 sqft · $177/sqft · 140 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 8234 TEA OLIVE TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 8234 TEA OLIVE TERRACE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
8234 TEA OLIVE TERRACE FAQs
What would the monthly payment be for 8234 TEA OLIVE TERRACE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,428/mo — principal and interest, the actual property-tax bill, the $120/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 8234 TEA OLIVE TERRACE?+
The association fee works out to $120 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 8234 TEA OLIVE TERRACE?+
The most recent tax bill on record (2025) was $264. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 8234 TEA OLIVE TERRACE?+
The listing reports pets: Cats OK, Dogs OK, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palmetto?+
At $715,000, this home is listed about 81% above the Palmetto median of $395,159. The market section on this page shows how the area is trending.
Which schools are assigned to 8234 TEA OLIVE TERRACE?+
Buffalo Creek Middle School (middle), Barbara A Harvey Elementary School (elementary), Palmetto High School (high) — Manatee County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$715,000 runs 92% above the PALMETTO 34221 median — but at 2,949 sqft it's also 53% larger than the typical Palmetto listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong assigned schools
Buffalo Creek Middle School, Barbara A Harvey Elementary School, Palmetto High School — Barbara A Harvey Elementary School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $725,000, now $715,000 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of COMPASS FLORIDA LLC · Heidi Gibson. MLS #A4698380.
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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
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