
5918 OAK MILL TERRACE, PALMETTO, FL, 34221
Active8 days on marketListed Sep 12, 2026MLS #A4705175
About this home
5918 OAK MILL TERRACE
Beautifully maintained 4-bedroom, 2.5-bath home with a bonus office/den, tucked into the gated community of Old Mill Preserve. Pride of ownership shows throughout, from the perfectly manicured lawn to the move-in ready interior. With mature preserve trees along one side of the home, you'll have no neighbors on that side, plus a peaceful pond and preserve view from the back patio, family room, and primary bedroom. Inside, natural light fills the home throughout. The dining area and family room each open to the screened porch through sliding glass doors, creating an easy flow for relaxing or entertaining while taking in the water and preserve views. Upstairs, the primary suite offers the same gorgeous pond and preserve views, a spacious walk-in closet, and an ensuite bath with dual sinks, a garden tub, and an enclosed glass shower. A connected office/den off the primary suite makes a great home office or private sitting area. On the opposite side of the second floor, you'll find three additional bedrooms and a full bathroom with dual sinks, nicely separated from the primary suite for added privacy. The laundry room on the main floor also includes bonus storage tucked under the stairs. Recent updates include a new roof (2024), hurricane impact windows on the second floor (2025), and AC (2017), giving buyers extra peace of mind. Old Mill Preserve is a gated community with low HOA fees and no CDD, located just minutes from Virgil Mills Elementary, Buffalo Creek Middle School, Buffalo Creek Park, and Buffalo Creek Golf Course. You'll also have quick access to Publix, Aldi, Lowe's, HomeGoods, Crunch Fitness, and Ellenton Premium Outlets, plus easy access to US-301, I-75, and I-275 for a simple commute to Tampa, St. Petersburg, Sarasota, Lakewood Ranch, and beyond. With continued growth and new restaurants, shopping, and development coming to the Palmetto and Parrish area, this is a wonderful opportunity in a convenient, growing location. Schedule your showing today!
Facts & features
The home at a glance
4
Bedrooms
2.5
Bathrooms
2,166
Sqft
0.15 ac
Lot size
2
Garage
2011
Year built
Two
Levels
$199
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.
$3,192 /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
$3,192/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.
vs edgeAI estimate
+13.9%
$/sqft vs Palmetto actives
$199 vs $204
Days on market
8 vs 61 typical
Where $199/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 Palmetto
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palmetto. See the full Palmetto guide →
PALMETTO 34221 — neighborhood snapshot
Population
54,923
Median age
46.6
Median income
$74,314
Median home value
$298,200
Avg household
2.63
Households w/ children
4,466
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 → $376K
Palmetto median sold, yr/yr
97.2%
Sale-to-list ratio (12 mo)
237 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 17% above the PALMETTO 34221 median. See the full Palmetto market guide →
Paper trail
This home's history
Reality check
What actually sold near 5918 OAK MILL 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$365,000
6107 HORSE MILL PLACE · same community
4 bd · 2 ba · 1,853 sqft · $197/sqft · 37 DOM
Sold · Dec ’25$367,500
6204 HORSE MILL PLACE · same community
4 bd · 2 ba · 1,850 sqft · $199/sqft · 126 DOM
Sold · Apr ’26$375,000
5910 OAK MILL TERRACE · same community
3 bd · 2 ba · 1,456 sqft · $258/sqft · 11 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
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about 5918 OAK MILL TERRACE — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5918 OAK MILL TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5918 OAK MILL TERRACE FAQs
What would the monthly payment be for 5918 OAK MILL TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,192/mo — principal and interest, the actual property-tax bill, the $107/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 5918 OAK MILL TERRACE?+
The association fee works out to $107 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5918 OAK MILL TERRACE?+
The most recent tax bill on record (2025) was $2,445. 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 5918 OAK MILL TERRACE?+
The listing reports pets: Yes. 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 $430,000, this home is listed about 9% above the Palmetto median of $395,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5918 OAK MILL TERRACE?+
Lincoln Memorial Middle School (middle), Palmetto High School (high), James Tillman Elementary Magnet School (elementary) — Manatee County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of LESLIE WELLS REALTY, INC. · Jennifer Flores, PLLC. MLS #A4705175.
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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