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8234 Tea Olive Ter, Palmetto, FL, 34221

$237/sqft·Imperial Lakes Residential

5 bd4 ba2,949 sqft2 car garageSingle Family
Listed by COMPASS FLORIDA LLC· Last updated · MLS# A4698380

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

Est. monthly payment
$4,142/mo
Down payment (20%)
$139,980
Property taxes
$22/mo
HOA
$120/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 2023
Waterfront
Lake Front
Private pool
Heated
2 car garage
Driveway
6,569 sqft lot
Lot size

About this home

Built-in FeaturesCeiling Fans(s)Central VaccumCrown MoldingHigh CeilingsKitchen/Family Room ComboLiving Room/Dining Room ComboOpen Floorplan

8234 Tea Olive Ter is a 2023-built home in Imperial Lakes Residential, Palmetto. Inside you'll find 5 bedrooms, 4 bathrooms, and 2,949 square feet of living space. Listed at $699,900 (about $237/sqft), 38 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $120 monthly.

From the listing

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.

The essentials

Built
2023
Price / sqft
$237
On market
73 days
Annual tax
$264
HOA
$120/mo
Flood zone
X · Low risk
Lot
6,569 sqft
Type
Single Family Residence

Location

8234 Tea Olive Ter
Palmetto, FL, 34221·34221 - Palmetto/Rubonia
Type
Single Family Residence
Year Built
2023
Lot
6,569 sqft
Cooling
Central Air
Heating
Electric
Parking
Driveway, Garage Door Opener
Pool
Heated, In Ground, Lighting, Salt Water, Screen Enclosure, Tile
Waterfront
Lake Front
Days on Market
73
Built-in Features
Ceiling Fans(s)
Central Vaccum
Crown Molding
High Ceilings
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Smart Home
Split Bedroom
Stone Counters
Tray Ceiling(s)
Walk-in Closet(s)
Window Treatments
Sidewalk
Sliding Doors
Deed Restrictions
Golf
Irrigation-reclaimed Water
Sidewalks
Convection Oven
Cooktop
Dishwasher
Disposal
Gas Water Heater
Microwave
Refrigerator
Water Filtration System
Flood Zone X

Annual Tax (2025)

$264

Parcel #

648207759

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

Imperial Lakes Residential

County

Manatee

MLS Area

34221 - Palmetto/Rubonia

Lot Size

6,569 sqft

LandscapedSidewalkPaved
HOA
$120/mo
Community Management Services, Inc - Betsy Davis
Date
Event
Price
8/7/2026
Price change
Source: Stellar MLS #A4698380
$699,900-2.1%
$237/sqft
Price change
Source: Stellar MLS #A4698380
$715,000-1.4%
$242/sqft
6/30/2026
Listed for sale
Source: Stellar MLS #A4698380
$725,000
$246/sqft
Est. monthly payment$4,142/mo
Principal & interest$3,650
Property taxes$22
Insurance$350
HOA$120
Down payment20% · $139,980
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%. HOA is the fee reported on the listing. 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: $699,900
$690,000 – $699,900
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 73 after a $25,100 cut.

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

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