3002 16th Ave E, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot435,600 sqft

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About this home

3002 16th Ave E is a home in Ot IN Subdivision, Palmetto. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

10-ACRE LAND AND DEVELOPMENT OPPORTUNITY IN EAST PALMETTO. This 10.00-acre (435,600 SF) parcel is located along 16th Avenue East/Canal Road and provides approximately 330 feet along the east right-of-way of Canal Road. Current Manatee County GIS identifies the property as A-1 zoning with RES-3 Future Land Use and Flood Zone X. The RES-3 Future Land Use category is intended primarily for low-density suburban residential and support uses. Manatee County's current Comprehensive Plan provides a maximum base gross residential density of 3 dwelling units per acre, subject to applicable zoning, site conditions, environmental constraints, infrastructure, permitting and County approval. For developers evaluating additional density, current County regulations also include an affordable-housing density bonus program under which qualifying RES-3 projects providing at least 25% affordable units may request densities of up to 6 dwelling units per gross acre and 9 dwelling units per net acre, subject to applicable zoning, program requirements and County approval. The surrounding 16th Avenue East/Canal Road corridor is experiencing documented residential development activity. Manatee County records include a 264-unit multifamily attached residential development at 5901 16th Ave E, as well as other residential entitlement activity in the immediate area. The County also has an active Canal Road capital improvement program that includes roadway widening and multimodal improvements along portions of the corridor. Environmental due-diligence documentation is available. A 2023 Florida Department of Environmental Protection wetland delineation work product documents both upland and wetland conditions at evaluated locations on the property. No representation is made regarding total wetland acreage, net developable acreage or ultimate development yield. Whether considered for residential development, long-term land investment or private acreage, this property offers 10 contiguous acres, approximately 330 feet of road frontage and RES-3 Future Land Use in East Palmetto. Property is offered As-Is. Buyer is responsible for independently verifying development potential, allowable density, wetlands and environmental conditions, utility availability and capacity, access, drainage and stormwater requirements, zoning, Future Land Use, flood information and all required governmental approvals.

The essentials

On market
15 days
Annual tax
$1,676
Flood zone
X · Low risk
Lot
435,600 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$3,855/mo
Down payment (20%)
$130,000
Property taxes
$140/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
435,600 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
15
Flood Zone X
Annual Tax (2025)
$1,676
Parcel #
777110008

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
Ot IN Subdivision
County
Manatee
MLS Area
34221 - Palmetto/Rubonia
Lot Size
435,600 sqft

Price history

Date
Event
Price
9/27/2026
Listed for sale
Source: Stellar MLS #A4707886
$650,000

Neighborhood

3002 16th Ave E
Palmetto, FL, 34221 · 34221 - Palmetto/Rubonia

Calculator

Est. monthly payment
$3,855/mo
Principal & interest$3,390
Property taxes$140
Insurance$325
Down payment20% · $130,000
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.

Quick answers.

Price

$650,000

Time on market

15 days

Monthly payment

About $3,855/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,676 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Have another question?

Brokered byKELLER WILLIAMS ON THE WATERListing agent: Jose TorresListing data from Stellar MLS, MLS# A4707886.

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