2114 5TH STREET E, Palmetto, FL, 34221 | $775,000

RARE OPPORTUNITY! BEST PRICED HOME IN THE COMMUNITY WITH A BOAT SLIP AND LIFT! The seller is motivated! This contemporary three bedroom, three and a half bathroom home is SURROUNDED BY MILLION DOLLAR HOMES located in the gated, resort-style boating community of Sanctuary Cove. Located in one of the closest boating communities to the Intracoastal, this home NOT in flood zone AE, no hurricane damage, no flooding. Built with impact windows and sliders, it offers peace of mind along with luxury finishes like tray ceilings, quartz countertops in kitchen and baths, 42" gray cabinetry, a counter-height center island ideal for entertaining, a built-in wall oven, microwave/convection oven, and a natural gas cooktop. A rare and striking upgrade, the quartz countertops extend all the way up to the wall, creating a seamless, luxurious finish that elevates the entire kitchen. The spacious open layout features a massive walk-in closet that people say could be another room, an oversized primary shower that most dream of. There is a flexible den or dining area that could be converted and create four bedrooms. There's also a private bedroom and full bathroom at the front of the home, perfect for multi-generational living or guests. Outdoor enthusiasts will appreciate the tropical backyard lined with palm trees for privacy, pre-installed hookups for an outdoor kitchen, and ample space to add a private pool. Enjoy lawn care included by the association and live just steps away from the private marina, clubhouse, and amenities. The 8, 600 sq ft clubhouse offers a state-of-the-art fitness center with water views, billiards, ping pong, family room with TV, kitchen, resort-style pool with lap lanes and hot tub, grilling area, and vibrant social events including food truck nights, game nights, zumba on the beach, crawfish boil and more. Just a short walk or golf cart ride takes you to the private community beach on the Manatee River, perfect for relaxing, beach volleyball, or launching your kayak from community storage. Located across from Detweiler’s Farm Market. Check out how close to Anna Maria Island, Ellenton, Parrish, Bradenton, Sarasota, St. Pete Beach, Lido Beach, and Holmes Beach. This amenity-rich, coastal home is an exceptional find. Schedule your showing today!

Features

  • Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Spa/Hot Tub
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Year Built: 2020
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,319
  • Acreage: 0.15
  • Est. Taxes: $7,351
  • HOA Fee: $1,260 Quarterly
  • Lot Desc: Near Marina
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator
  • MLS#: A4637532
  • Days on Market: 84 days
  • Website: https://www.raveis.com
    /prop/A4637532/21145thstreete_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/18/2025 9:07:02 PM)
Listing courtesy of EXP REALTY LLC   Phone: 888-883-8509

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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2114 5TH STREET E, Palmetto, FL, 34221

$775,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $620,000 $620,000 $620,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.007% 7.037% 6.152%
Monthly Tax Payment $613 $613 $613
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,868 $4,073 $5,190
Total Monthly Payment $4,573 $4,778 $5,895

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.