707 40TH STREET W, PALMETTO FL 34221

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$629,500

707 40TH STREET W, PALMETTO, FL 34221

bedrooms

bathrooms

square feet

3,435

Acreage

0.7

Open Houses

year built

1979

Full Baths

Half Baths

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***$60,000 PRICE IMPROVEMENT*** Unique & rare opportunity to own this spacious two-story coastal home with ground level BONUS space embodies the essence of Old Florida charm with Bahama shutters, durable HardiPlank siding and METAL ROOF. The home is perfectly situated on a private 0.70 acre lot, enticing for any outdoor enthusiast. There are NO HOA, CDD or DEED RESTRICTIONS, allowing unparalleled flexibility. The property's current use is SFR (Single Family Residential) and Zoning is RDD4.5 (RES. DUPLEX) which presents an exceptional opportunity for Rental Income Investment, Multi-Gen living or potential Multi-Family use, all within the convenience and easy access to US-41, I-275 & I-75. County water and sewer utilities eliminate the hassle of dealing with private systems. BRING YOUR TOYS! Ample space is available to park your boat, cars and RV with complete hook-up including 50 AMP ELECTRICAL SERVICE, WATER & SEWER. If you desire, there is room to add a pool, and ALL PATIO areas are screened enclosed for your comfort. This home allows you to enjoy the best of both worlds - peaceful seclusion yet close proximity to vibrant city life. Ideal location just minutes away from the Sunshine Skyway bridge, easy commute to St. Pete, Tampa, local airports, or head south to quaint downtown Palmetto & Bradenton. Surrounded by nature, your only neighbors will be majestic osprey, bald eagles, hawks, herons, egrets, and owls. As you arrive, a secure gate and circular drive welcome you, providing ample open parking. A double staircase with Trex composite decking leads to the elevated first level of the home. Inside you will discover TWO MASTER BEDROOMS, each with its own En Suite Bath PLUS washer & dryer. A kitchenette and AC bonus room with a separate rear entrance offers versatility and convenience. Journey to the second level and be greeted by the MAIN LIVING & DINING AREAS, which overlook the gorgeous water views, a Primary KITCHEN with Corian tops and open bar area. TWO ADDITIONAL BEDROOMS and a FULL BATH complete this level. The unique inverted floor plan maximizes views, cross ventilation, privacy, and quiet living. The home is equipped with TWO -2.5 TON, 15 SEER AC Units with heat pumps (installed 2024). Step onto the upper exterior patio deck and be whisked away to a WIDOW'S WALK atop the two-story home, offering PANORAMIC VIEWS of the WATER and mangroves. Bask in the tranquility as you enjoy breathtaking SUNSETS overlooking the bayou which leads out to TERRA CEIA BAY, along with views of the Sunshine Skyway bridge. A comprehensive home security system with alarms and motion-activated cameras ensures peace of mind. Additional features include a spiral staircase, generous amounts of closet space and storage under stairs, room-darkening shades, a built-in entertainment center with roll-out shelving, large flat-screen TV with an electric lift, a weather station, kitchen pantry cabinet with roll out drawers, and a queen size murphy bed in upstairs bedroom. Say goodbye to carpets as this home features bamboo flooring, laminate, and tile throughout. The ground floor is a BONUS SPACE with two separate entrances. A blank canvas waiting for your ideas and new design inspiration. Additionally, there's a separate enclosed workshop/storage room. Don't miss your chance to experience the allure of this truly special, unique coastal retreat. You new adventure begins now! Schedule a tour today!

Location
Subdivision	GULL CAY
County	Manatee
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: A4633716

Listing agent: Helaine Giddens #0698364

Listing broker: Fine Properties (941) 782-0000

Copyright © 2025 Sarasota Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Sunday, March 2 2025 at 2:05 p.m. EST

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