8131 TEA OLIVE TERRACE, PALMETTO, FL, 34221
Active122 days on marketListed Apr 8, 2026MLS #O6397593
About this home
8131 TEA OLIVE TERRACE
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!
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
1,698
Sqft
0.2 ac
Lot size
2
Garage
2023
Year built
One
Levels
$247
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.
$3,496 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$3,496/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
$/sqft vs Palmetto actives
$247 vs $207
Days on market
122 vs 56 typical
Where $247/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 → $355K
Palmetto median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
227 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 12% above the PALMETTO 34221 median. See the full Palmetto market guide →
Paper trail
This home's history
Reality check
What actually sold near 8131 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 · Jun ’26$489,900
8251 TEA OLIVE TERRACE · same community
3 bd · 2 ba · 2,080 sqft · $236/sqft · 53 DOM
Sold · Dec ’25$375,000
8077 TEA OLIVE TERRACE · same community
3 bd · 2 ba · 2,083 sqft · $180/sqft · 143 DOM
Sold · Nov ’25$346,000
4506 WEATHERED MOSS GLEN
3 bd · 2 ba · 1,672 sqft · $207/sqft · 52 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 8131 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 8131 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
8131 TEA OLIVE TERRACE FAQs
What would the monthly payment be for 8131 TEA OLIVE TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,496/mo — principal and interest, the actual property-tax bill, the $244/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 8131 TEA OLIVE TERRACE?+
The association fee works out to $244 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 8131 TEA OLIVE TERRACE?+
The most recent tax bill on record (2025) was $5,209. 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 8131 TEA OLIVE TERRACE?+
The listing reports pets: Cats OK, Dogs OK. 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 $420,000, this home is listed about 6% above the Palmetto median of $394,999. The market section on this page shows how the area is trending.
Which schools are assigned to 8131 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
$420,000 runs 12% above the PALMETTO 34221 median.
02Garden views
The garden view is part of what you're buying — views hold value independently of the structure.
03Time on market is leverage
122 days on market against a Palmetto median of 56 — sellers in this position are usually ready to negotiate.
04Strong 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.
Keep looking
Similar homes nearby
Listing courtesy of JULIES REALTY, LLC · Julie Sidorevskaya. MLS #O6397593.
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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