Active
$2,500,000
Est. $14,808/mo

5611 Us Highway 19, Palmetto, FL, 34221

$476/sqft·Acreage

0 ba5,247 sqftRestaurant
Listed by RE/MAX ALLIANCE GROUP· Last updated · MLS# A4688695

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Est. monthly payment
$14,808/mo
Down payment (20%)
$500,000
Property taxes
$519/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 1954
0.84 acres
Lot size
5,247 sqft
Living area

About this home

5611 Us Highway 19 is a 1954-built home in Acreage, Palmetto. Listed at $2,500,000 (about $476/sqft), 116 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Located at 5611 US 19, this exceptional waterfront property—formerly known as Crab Trap I and The Sea Hut / Catcher's Net—is now available for sale. Positioned along one of Florida's most traveled corridors with 350 feet of frontage and set on the shores of Terra Ceia Bay, this highly visible corner offers stunning water and mangrove views, creating the perfect backdrop for unforgettable sunsets and an authentic Florida dining experience. The expansive outdoor space is designed for entertainment, featuring a spacious lawn area perfect for live music and events, a charming tiki bar, and an additional floating deck overlooking the water—offering multiple revenue-generating opportunities and a vibrant guest atmosphere. The property has already undergone significant renovations, including new electrical, new A/C, and new windows, and to help a new owner bring their vision to life, the seller is offering an improvement allowance to put toward a new roof and finishing the interior buildout. Existing infrastructure includes the original hood system and grease traps, providing a valuable head start for restaurant operations. A 4COP QUOTA liquor license is available for purchase separately—a quota license allows package sales with no food requirement, making the property ideal for use as a liquor store, bar, or destination restaurant, as well as an event venue or a variety of other commercial uses. With PDMU/CH general commercial zoning, 55 parking spaces, and high traffic exposure on US 19 in a rapidly growing area, this is a rare opportunity to establish a thriving business—or to reimagine the site through redevelopment—in a prime waterfront setting. Owner financing may be available for qualified buyers. Property Highlights Waterfront on Terra Ceia Bay with panoramic water and mangrove views 350' of frontage and signage on US-19 — exceptional visibility and traffic exposure 0.83-acre corner lot with 55 parking spaces Seller-offered improvement allowance toward a new roof and interior buildout 4COP quota liquor license available separately (package sales, no food requirement) Versatile use: restaurant, bar, liquor store, event venue, or other commercial uses Recent improvements: new electrical, new A/C, and new windows Original hood system and grease traps in place — a head start for restaurant buildout Multiple revenue areas: event lawn, tiki bar, and floating deck over the water PDMU/CH general commercial zoning — strong redevelopment potential Owner financing may be available for qualified buyers

The essentials

Built
1954
Price / sqft
$476
On market
161 days
Annual tax
$6,226
Flood zone
AE
Lot
36,434 sqft
Type
Restaurant

Location

5611 Us Highway 19
Palmetto, FL, 34221·34221 - Palmetto/Rubonia
Type
Restaurant
Year Built
1954
Lot
36,434 sqft
Cooling
Central Air
Heating
-
Parking
-
Days on Market
161
Flood Zone AE

Annual Tax (2025)

$6,226

Parcel #

2232200002

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Acreage

County

Manatee

MLS Area

34221 - Palmetto/Rubonia

Lot Size

36,434 sqft

Corner LotWaterfront
Date
Event
Price
4/3/2026
Listed for sale
Source: Stellar MLS #A4688695
$2,500,000
$476/sqft
Est. monthly payment$14,807/mo
Principal & interest$13,039
Property taxes$519
Insurance$1,250
Down payment20% · $500,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

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List price: $2,500,000
$2.47M – $2.50M
98.8% – 100% of listTops out right at the list price
80% of listList price
175 of the last 349 home closings in 34221 landed at this number or higher (50%). The median one sat 47 days before it went under contract, and this one is on day 161.

Sample: 349 closed home sales in 34221 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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