5318 Palmetto Point Drive
Multi-Generational!!! Discover the perfect blend of flexibility and modern living with this recently renovated, multigenerational home in northern Manatee County. With NO deed restrictions, NO CDD fees, and NO mandatory HOA fees, this property is a rare find offering endless possibilities.
Key Features:
Ample Parking: Plenty of space to park your boat, outdoor toys, RV, or any additional vehicles.
Multigenerational Living: The original home features 3 bedrooms and 2 baths, complemented by a spacious Florida room with a mini-split system and an outdoor-style kitchen. A newly added in-law suite includes a private entrance, 1 bedroom, and 1 bath, ideal for extended family or as a potential income-generating rental. Private entrance and backyard access.
Recent Upgrades: Enjoy the benefits of a new circular driveway, roof, hot water heater with a cooling system, and a 2-car garage with a workshop area—all added in 2023.
Oversized Lot: The property boasts an oversized, fenced yard with vinyl fencing and double gates for easy RV or camper parking, complete with electric and cleanout facilities. The side yard runs along an estuary filled with a variety of fish including Tilapia.
Outdoor Living: An expansive outdoor deck provides the perfect spot for relaxation, with ample room to add a hot tub.
Community Amenities: While there are no mandatory fees, an optional membership provides access to a community clubhouse, boat launch, and park.
Vacation Rental Potential: With no deed restrictions, this property could be an excellent opportunity for vacation rentals, RV rentals, or even generating multiple income streams.
Prime Location: Minutes from the Skyway Bridge, and a short commute to St. Pete, Tampa, Sarasota, Bradenton, and Palmetto.
Additional Updates:
A/C (2003)
Carpet (2023 & 2024)
Spray foam insulation
Impact windows
Garage with epoxy flooring and 10′ ceilings
2 full RV hookups
400 amp electric service (2023)
Wood decking in the side yard
This home is a versatile gem offering both comfort and investment potential in a prime location. Don’t miss out on this incredible opportunity! Minutes to the Skyway, perfect for St. Pete commuters, easy access to Tampa, Sarasota, Bradenton and Palmetto.
Palmetto Point has a boat ramp, club house and park area that can be used by those that opt to join. Low annual fees.
| Price: | $645,000 USD |
|---|---|
| Address: | 5318 Palmetto Point Drive |
| City: | Palmetto |
| State: | Florida |
| Zip Code: | 34221 |
| Subdivision: | Palmetto Point |
| MLS: | A4620337 |
| Year Built: | 1973 |
| Square Feet: | 2,871 |
| Acres: | 0.28 |
| Lot Square Feet: | 0.28 acres |
| Bedrooms: | 4 |
| Bathrooms: | 3 |
| roof: | Shingle |
|---|---|
| view: | Water |
| cddyn: | no |
| sewer: | Public Sewer |
| levels: | One |
| taxLot: | 607 |
| cooling: | Central Air |
| country: | US |
| fencing: | Fenced, Vinyl |
| heating: | Central, Electric |
| taxYear: | 2023 |
| flooring: | Carpet, Ceramic Tile, Epoxy, Luxury Vinyl |
| garageYN: | yes |
| township: | 33S |
| carportYN: | no |
| mlsStatus: | Active |
| ownership: | Fee Simple |
| roomCount: | 9 |
| utilities: | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| waterView: | Lagoon |
| appliances: | Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| possession: | Close of Escrow |
| disclosures: | Seller Property Disclosure |
| fireplaceYN: | no |
| homesteadYN: | yes |
| lotFeatures: | FloodZone, In County, Oversized Lot, Paved |
| petsAllowed: | Yes |
| waterSource: | Public |
| waterViewYN: | yes |
| currentPrice: | 645000.00 |
| garageSpaces: | 2 |
| listingTerms: | Cash, Conventional, FHA |
| minimumLease: | No Minimum |
| mlsAreaMajor: | 34221 - Palmetto/Rubonia |
| storiesTotal: | 1 |
| totalAcreage: | 1/4 to less than 1/2 |
| waterfrontYN: | no |
| associationYN: | yes |
| floodZoneCode: | AE |
| poolPrivateYN: | no |
| taxBookNumber: | 3-124 |
| waterAccessYN: | no |
| waterExtrasYN: | no |
| directionFaces: | Southwest |
| windowFeatures: | Impact Glass/Storm Windows |
| additionalRooms: | Florida Room, Inside Utility, Interior In-Law Suite w/Private Entry |
| laundryFeatures: | Inside, Laundry Closet, Laundry Room |
| livingAreaUnits: | Square Feet |
| parkingFeatures: | Circular Driveway, Driveway, Garage Door Opener, Open, Oversized, RV Parking |
| roadSurfaceType: | Asphalt, Paved |
| taxAnnualAmount: | 3302.77 |
| totalAnnualFees: | 0.00 |
| attachedGarageYN: | yes |
| existLseTenantYN: | yes |
| exteriorFeatures: | French Doors, Lighting, Outdoor Kitchen, Private Mailbox, Rain Gutters |
| interiorFeatures: | Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments |
| livingAreaMeters: | 266.72 |
| livingAreaSource: | Builder |
| totalMonthlyFees: | 0.00 |
| buildingAreaTotal: | 3600 |
| buildingAreaUnits: | Square Feet |
| communityFeatures: | Clubhouse, Park |
| foundationDetails: | Slab |
| lotSizeSquareFeet: | 12066 |
| newConstructionYN: | no |
| publicSurveyRange: | 17E |
| seniorCommunityYN: | no |
| attributionContact: | 941-776-5571 |
| buildingAreaSource: | Public Records |
| roadResponsibility: | Public Maintained Road |
| availableForLeaseYN: | yes |
| lotSizeSquareMeters: | 1121 |
| publicSurveySection: | 35 |
| associationAmenities: | Clubhouse, Other, Park |
| constructionMaterials: | Block, Stucco |
| swSubdivCommunityName: | Palmetto Point |
| monthToMonthOrWeeklyYN: | yes |
| buildingAreaTotalSrchSqM: | 334.45 |
| specialListingConditions: | None |
| associationFeeRequirement: | None |
| ratioCurrentPriceByCalculate: | 224.66 |
| associationApprovalRequiredYN: | no |
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