Single Family Residence at 8234 TEA OLIVE TER, PALMETTO
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Primary Suite - 8234 TEA OLIVE TER, PALMETTO
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Rain Showers! - 8234 TEA OLIVE TER, PALMETTO
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Downstairs- Oversized Powder Room - 8234 TEA OLIVE TER, PALMETTO
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Large Storage Room Upstairs - 8234 TEA OLIVE TER, PALMETTO
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$699,900

8234 TEA OLIVE TER
PALMETTO, FL 34221
Listed by Heidi Gibson · COMPASS FLORIDA LLC
Bedrooms
5
Bathrooms
3.5
Living area
2,949 sqft
Year built
2023

About this home

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.

Highlights

WaterfrontPrivate pool

Property details

MLS #
MFRA4698380
Property type
Single Family Residence
Subdivision
IMPERIAL LAKES RESIDENTIAL
Status
Active
Days on market
38
On market date
June 30, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
2
Parking spaces
N/A
Lot size
0.15 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
VIRGIL MILLS ELEMENTARY SCHOOL
1.03 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
771
Student:teacher ratio
15.4:1
District
MANATEE
Middle
BUFFALO CREEK MIDDLE SCHOOL
1.06 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,250
Student:teacher ratio
19.8:1
District
MANATEE
High
PARRISH COMMUNITY HIGH SCHOOL
3.67 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,734
Student:teacher ratio
23.8:1
District
MANATEE

Walkability

Blended score for PALMETTO's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

29
Car-dependent
out of 100
EPA National Walkability Index
4.8 / 20 -- Least walkable
Google Places amenity density
35 / 100
Restaurants & cafes8
Grocery stores1
Parks0
Schools0
Transit stops0
Pharmacies2

Market position

How this listing compares to current activity in PALMETTO, from live MLS data.

On the market 38 days -- 70 fewer days than PALMETTO's current average of 108 days.
For reference, the median list price across 697 active listings in PALMETTO right now is $369,999.

Mortgage calculator

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Est. monthly payment
$4,365/mo
$139,980 down
$559,920 loan
Principal & interest$3,632
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 7, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.