Virtual TourMap

For SaleSingle Family ResidenceActive

707 40th Street W

Palmetto, FL 34221

$750,000

30 Days On Site

  • 5Beds
  • 4Baths4 full
  • 3,435Sq Ft
  • $218Per Sq Ft
  • 0.7Acres
  • 1979Built
Subdivision
Gull Cay
County
Manatee
MLS®
TB8555834

Overview

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!

Listing Snapshot

Price
$750,000
Days On Site
30 Days
Bedrooms
5
Inside Area (SqFt)
3,435 sqft
Total Baths
4
Full Baths
4
Partial Baths
0
Lot Size
0.7 Acres
Year Built
1979
MLS® Number
TB8555834
Status
Active
Property Tax
$7,790 (2025)
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records

Property Details

General Features

10 items
Acres
0.7
Direction Faces
East
Foundation
Pillar/Post/Pier
Levels
Two
Property Sub Type
Single Family Residence
Sewer
Public Sewer
SqFt Total
4,656
Utilities
Cable Available, Electricity Available
Water Source
Public
Zoning
RDD4.5

Interior Features

5 items
Appliances
Dishwasher, Microwave, Range, Refrigerator
Cooling
Central Air
Furnished
Unfurnished
Heating
Central
Laundry Features
Inside

Exterior Features

3 items
Construction Details
Frame
Exterior
Lighting
Roof
Metal

Community Features

4 items
MLS Area
34221 - Palmetto/Rubonia
Township
34
Financing Terms Available
Cash, Conventional, FHA, VA Loan
Roads
Asphalt

Location

707 40th Street W, Palmetto, FL 34221 · 34221 - Palmetto/Rubonia

$2.2M
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Neighborhood & Commute

ZIP Code 34221

Median household income
$71,767
Income per person
$39,843
Households
21,343
Average household size
2.49
Median age
46.2

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Price changed to $750,000
  3. Listing first seen on site
  4. Status changed to Active

Friends & Family

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Listing courtesy of REDFIN CORPORATION (813) 454-4942

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-07 09:49 AM EST

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