707 40TH STREET W Palmetto, FL $ 800,000
707 40TH STREET W
$ 800,000
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707 40TH STREET W

Palmetto, FL, 34221
$ 800,000
Bedrooms5 Baths4.0 Sq 3,435

Monthly Estimate*

$ 5,525

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Single Family Home for sale in Palmetto, FL

for $800,000 with 5 bedrooms and 4 full baths. This 3,435 square foot home was built in 1979 on a lot size of 0.7.

Discover a rare opportunity to own a spacious two-story coastal retreat set on a private 0.70-acre lot with beautiful water and mangrove views. Filled with Old Florida character, this property features Bahama shutters, durable HardiPlank siding, and a metal roof. With **NO HOA, CDD, or deed restrictions**, the possibilities are wide open. Currently utilized as a single-family residence and zoned **RDD4.5 (Residential Duplex)**, the property offers excellent flexibility for an investment opportunity, multi-generational living arrangement, or potential multi-family use. County water and sewer add convenience, while the location provides easy access to US-41, I-275, and I-75. Bring all your toys! The expansive property provides plenty of room for boats, vehicles, and an RV, complete with **50-amp electrical service, water, and sewer hookups**. There's also space to add a pool, and the patio areas are screened for comfortable outdoor enjoyment. A gated entrance and circular driveway provide a welcoming arrival with abundant parking. Double stairs with Trex composite decking lead to the elevated first level, where you'll find **two master suites**, each offering a private en-suite bathroom, along with a washer and dryer. A kitchenette and air-conditioned bonus room with its own rear entrance add even more versatility. The second level serves as the main living space and takes full advantage of the home's elevated position and stunning views. The open living and dining areas overlook the water and flow into the primary kitchen, featuring Corian countertops and an open bar area. Two additional bedrooms and a full bathroom complete this level. The home's distinctive inverted floor plan enhances privacy, natural airflow, and the surrounding views. Outdoor living is truly exceptional. Step onto the upper patio deck and continue up to the home's **widow's walk**, where panoramic views stretch across the water and surrounding mangroves. Enjoy spectacular sunsets over the bayou leading toward Terra Ceia Bay, with the Sunshine Skyway Bridge adding to the scenic backdrop. Recent updates include **two 2.5-ton, 15-SEER HVAC systems with heat pumps installed in 2024**. Additional features include a comprehensive security system with alarms and motion-activated cameras, spiral staircase, abundant closet and under-stair storage, room-darkening shades, built-in entertainment center with roll-out shelving, large flat-screen TV with electric lift, weather station, pantry cabinetry with roll-out drawers, and a queen-size Murphy bed in one of the upstairs bedrooms. Throughout the home, you'll find bamboo, laminate, and tile flooring—no carpet! The ground level offers a spacious bonus area with two separate entrances, ready to be transformed to suit your needs, plus a separate enclosed workshop/storage room. Despite its peaceful, private setting surrounded by wildlife—including osprey, bald eagles, hawks, herons, egrets, and owls—the location is remarkably convenient. Enjoy easy access to the Sunshine Skyway Bridge, St. Petersburg, Tampa, area airports, Palmetto, and Bradenton. This one-of-a-kind coastal property offers space, flexibility, privacy, and incredible views in a location that puts everything within reach. Come see the possibilities and make this unique Florida retreat your own!

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Single Family Active

Price

$ 800,000

Bedrooms

5

Full Bath

4

Property Type

Single Family

Taxes

$ 7,790

Style

Single Family Residence

Lot Size

0.7

Year Built

1979

Town/City

Palmetto

County/Region

Manatee

MLS | Web ID

TB8555834

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Available
Possession Close Of Escrow
Roof Metal
Appliances Dishwasher Microwave Range Refrigerator
Zoning RDD4.5
Construction Materials Wood Frame
Year Built 1979
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Manatee
New Construction false
Property Type Residential
Subdivision Name GULL CAY
Facing Direction East
Garage Y/N false
Total Rooms 4
Full Baths 4
Status Active
Directions From US-301 S continue onto 33rd St W. Turn onto 5th Ave W then turn right onto 40th St W. Continue to the end of the road. Property is on the right. Look for the gate and sign.
City PALMETTO
Senior Community Y/N false
MLS Area 34221 - Palmetto/Rubonia
Lot Size Units Square Feet
Lot Size Square Feet 30448
Carport Y/N true
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 7790
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8555834
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 4
Legal Description LOT 4 GULL CAY SUB PI#23804.0025/5
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
In Law Suite YN false
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Interior
Interior Amenities Ceiling Fan(s) Thermostat
Flooring Luxury Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Inside
Total Bedrooms 5
Total Baths 4
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Exterior
Exterior Amenities Lighting Sidewalk
Water Source Public
Lot Size Area 30448
Foundation Details Pillar/Post/Pier
Building Area Total 4656
Lot Size Acres 0.7
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Redfin Corporation

Broker

agentkevinmize@gmail.com

Email

Affordability Calculator

$6,175
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,525
Monthly Property Taxes
$649
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$800,000 Listed Price

Map


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707 40TH STREET W, Palmetto, FL, 34221 is a Single Family Home for sale at $800,000 with 3,435 sqft and a lot size of 0.7. 707 40TH STREET W has 5 bedrooms, 4.0 baths, and was built in 1979. The property's zip code is 34221 which is in Palmetto, FL