27 MICHIANA DRIVE, TERRA CEIA, FL, 34250
Active31 days on marketListed Oct 7, 2026MLS #A4708410
About this home
27 MICHIANA DRIVE
Maximize your lifestyle and ROI at 27 Michiana Drive. This turnkey waterfront gem in Terra Ceia is primed for high-performing short-term rental yields or full time, simple island living! This 2-bedroom, 1-bathroom retreat features a bright, open floorplan that seamlessly connects the living space to a sleek, fully renovated kitchen with stainless steel appliances and modern finishes. While the interior is sophisticated and move-in ready, the outdoor space is the true showstopper. The backyard is a private oasis designed for relaxation, centered around a sparkling saltwater pool and framed by low-maintenance paved grounds. An expansive backyard deck offers the ultimate setting for coastal entertaining, all while the boat dock provides direct canal access to Tampa Bay, Intracoastal Waterway, and the Gulf of Mexico. Whether you are looking for a lucrative addition to your portfolio or a serene primary residence, this property delivers high-end functionality and undeniable waterfront appeal. Terra Ceia Village Improvement Association offers an optional membership for just $250 per year to enjoy the private Seabreeze waterfront park, 300 ft fishing dock, private boat ramp, playground, pickleball courts, and recreation hall. Just minutes from St Pete, a short commute to Tampa or Sarasota, and award winning beaches; Terra Ceia Island is a premier coastal neighborhood.
Facts & features
The home at a glance
2
Bedrooms
1
Bathrooms
838
Sqft
0.12 ac
Lot size
1950
Year built
One
Levels
$542
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 — not generic estimates.
$3,843 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
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
$3,843/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.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
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
+36.9%
$/sqft vs Terra Ceia actives
$542 vs $392
Days on market
31 vs 49 typical
Where $542/sqft sits among the 10 Terra Ceia 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 Terra Ceia
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Terra Ceia. See the full Terra Ceia guide →
TERRA CEIA 34250 — neighborhood snapshot
Population
617
Median age
45.6
Median income
$188,319
Median home value
$1,172,100
Avg household
2.47
Households w/ children
70%
For the school run
Manatee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Terra Ceia market
$1.9M → $1.3M
Terra Ceia median sold, yr/yr
94.9%
Sale-to-list ratio (12 mo)
9 of 10
Terra Ceia actives have cut their price
Median sold price, Terra Ceia, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 28% below the TERRA CEIA 34250 median. See the full Terra Ceia market guide →
Paper trail
This home's history
Reality check
What actually sold near 27 MICHIANA DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$1,425,000
1215 BAYSHORE DRIVE · same community
4 bd · 3.5 ba · 3,043 sqft · $468/sqft · 167 DOM
Sold · Jun ’26$366,000
1703 CENTER ROAD
2 bd · 3 ba · 1,374 sqft · $266/sqft · 5 DOM
Sold · Mar ’26$605,000
898 BAYSHORE DRIVE
3 bd · 2 ba · 1,428 sqft · $424/sqft · 4 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
Iain Robinson
Broker Associate · CENTURY 21 Edge
Tours, negotiation, and every question about 27 MICHIANA DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 27 MICHIANA DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Iain's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
27 MICHIANA DRIVE FAQs
What would the monthly payment be for 27 MICHIANA DRIVE?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $3,843/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 27 MICHIANA DRIVE?+
The most recent tax bill on record (2025) was $4,385. 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 27 MICHIANA DRIVE?+
The listing reports pets: Cats OK, Dogs OK. 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 Terra Ceia?+
At $454,000, this home is listed about 45% below the Terra Ceia median of $819,000. The market section on this page shows how the area is trending.
Which schools are assigned to 27 MICHIANA DRIVE?+
Palmetto High School (high) — Manatee County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of COMPASS FLORIDA LLC · Stephanie Leitao, LLC. MLS #A4708410.
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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