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$800,000

5 Beds 4 Baths 3,435 SQFT 0.70 Acres
Type: Single Family

707 40TH STREET W
PALMETTO, FL 34221

MLS#: TB8555834
Lisa Przybilla
Lisa Przybilla
The Real Estate Advantage
Agent
Phone: 763.670.7502
Office: 763.755.1100
Presented by: REDFIN CORPORATION with 617-458-2883. - 813-518-8756

Property Description

 

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!


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Half Baths0
Total Baths4

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLuxury Vinyl
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Thermostat
Laundry FeaturesInside

General

Additional Parcels Y/NNo
AppliancesDishwasher, Microwave, Range, Refrigerator
Building Area Units0 sqft
Carport Y/NYes
CityPALMETTO
Construction MaterialsWood Frame
CoolingCentral Air
CountyManatee
DirectionsFrom 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.
Facing DirectionEast
Flood Zone CodeAE
Full Baths4
Garage Y/NNo
HeatingCentral
In Law Suite YNNo
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionLOT 4 GULL CAY SUB PI#23804.0025/5
LevelsTwo
Listing TermsCash, Conventional, FHA, VA Loan
Living Area Units0 sqft
Lot Size Square Feet30,448 sqft
Lot Size UnitsSquare Feet
MLS Area34221 - Palmetto/Rubonia
New ConstructionNo
Occupancy TypeVacant
OwnershipFee Simple
PossessionClose Of Escrow
Property SubtypeSingle Family Residence
Property TypeResidential
RoofMetal
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGULL CAY
Tax Annual Amount$7,790
Tax Lot4
Tax Year2025
Total Rooms4
UtilitiesCable Available, Electricity Available
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1979
ZoningRDD4.5

Exterior

Building Area Total4,656 sqft
Exterior AmenitiesLighting, Sidewalk
Foundation DetailsPillar/Post/Pier
Lot Size Acres0.7
Lot Size Area30,448 sqft
Private PoolNo
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$800,000

5 Beds 4 Baths 3,435 SQFT 0.70 Acres
Type: Single Family

707 40TH STREET W
PALMETTO, FL 34221

MLS#: TB8555834
Lisa Przybilla
Lisa Przybilla
The Real Estate Advantage
Agent
Phone: 763.670.7502
Office: 763.755.1100