707 40TH ST W Palmetto, FL 34221
5 Beds
4 Baths
3,435 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,435 sqft
Price per Sqft $232
Subdivision Gull Cay
MLS Listing ID TB8555834
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1979
Annual Tax Amount $7,790
Lot Size 0.700 Acres
Acres 0.7
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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!
Location
State FL
County Manatee
Community Gull Cay
Area 34221 - Palmetto/Rubonia
Zoning RDD4.5
Direction W
Interior
Interior Features Ceiling Fans(s), Thermostat
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Microwave, Range, Refrigerator
Laundry Inside
Exterior
Exterior Feature Lighting, Sidewalk
Utilities Available Cable Available, Electricity Available
View Y/N No
Water Access No
Roof Type Metal
Exposure East
Garage false
Private Pool No
Building
Entry Level Two
Foundation Pillar/Post/Pier
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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