new - 7 days on rocket

707 40th St W, Palmetto, FL, 34221

$699,999

Home List Price

$8,312*

Closing Credit

4 Bedrooms
3 Full Baths
3,435 SqFt
$204/SqFt
House

Location

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707 40th St W, Palmetto$699,999

Buyer Closing Credits

$8,312*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Year Built1979
HeatingCentral, Electric, Heat Pump, Window Unit(s)
CoolingCentral Air, Wall/Window Unit(s)
ViewWater
MLS #A4633716
Lot Size0.70 Acres
StatusActive

About 707 40th St W

UNIQUE & RARE OPPORTUNITY -Spacious two-story coastal home with ground level BONUS space embodies the essence of Old Florida charm with its 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 offer 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 lead 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!

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal, Elevated, Key West
  • Year Built: 1979
  • Living Area: 3,435 SqFt

Listing Office:

  • Office Name: FINE PROPERTIES
  • Office Phone: (941) 782-0000
  • Listing Agent: Helaine Giddens

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Bamboo, Ceramic Tile, Laminate
  • Interior: Built-in Features, Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Water
  • Exterior: Lighting, Other, Rain Gutters

Virtual/3D Tour

  • Virtual Tour: 707 40th St W
Virtual Tour

Lot Features

Lot Information:

  • Lot: Oversized Lot
  • Lot Size: 0.70 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Heat Pump, Window Unit(s)
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: I-75 Exit 228, I -275 N towards St. Pete Exit 2, US -41, US+-41 S. make right at 33rd. St., right onto 5th. Ave, left onto 40th. St. W. follow to end. Sign. Gate.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,999
  • Price Per SqFt: $204/SqFt

Tax Information:

  • Annual Amount: $1,471
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palmetto, FL.

Med. Sold Price

$386.2K

Med. Price/SqFt

$216

Avg. Days On Market

72

# of Sold Homes

95

707 40th St W vs Palmetto

7 DAYS ON ROCKET

-65 Days

$699,999

+$313.7K More

$204/SqFt

-$12 Less

KEY TAKEAWAY

This property is $313.7K more than the Median Sold Price and $12/SqFt less than other homes in Palmetto, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4633716

Listing Office:

  • Office Name: FINE PROPERTIES
  • Office Phone: (941) 782-0000
  • Listing Agent: Helaine Giddens

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/14/2025, 7:19:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 07, 2001Home Sold
$185,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,471$126,235
2018$1,303$121,096
2017$1,303$118,605

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2408257
7
/10
  • James Tillman Elementary School

  • 1415 29th St E

  • 1.43 miles

  • Public Magnet Grades PK-5

school-card-donut-2408258
5
/10
  • Palmetto Elementary School

  • 1540 10th St W

  • 2.08 miles

  • Public District Grades PK-5

school-card-donut-2408259
5
/10
  • Blackburn Elementary School

  • 3904 17th St E

  • 3.11 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,071. The majority of Palmetto, FL residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 707 40th St W

What is the listing price of this property?

The listing price of 707 40th St W property is $699,999.

What type of property is this?

The property 707 40th St W is a house located in Palmetto, Florida, 34221.

Is this property for sale now?

Active Listing: 707 40th St W is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,471 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 7, 2001 for $185,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 707 40th St W has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 707 40th St W is 3,435 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 707 40th St W is 1979.

Rocket Homes›Florida›Manatee County›Palmetto›34221›707 40th St W

This home is located at 707 40th St W in Palmetto, FL and zip code 34221. This 3,435 square foot home, which was built in 1979, sits on a 0.70 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 06, 2025 and is currently priced at $699,999.

Over 9 listings were sold over their listed price in December 2024 in Palmetto, FL. In the same period over 50 listings were sold below the listed price and 36 listings were sold for the listed price. The number of homes for sale in Palmetto, FL decreased by 0.8% between November 2024 and December 2024. In December 2024 median list price was $386,245 and the average listing age was 72 days.

From Rocket Homes Real Estate and based on county public records data.

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