Listing Details for MLS # A4620337
5318 Palmetto Point Drive, Palmetto, Fl 34221

Residential Property - Single Family Residence in Palmetto

Listing Price: $645,000Days on Market: 5

Description of Property

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.The average asking price for a 4 bedroom/3 bath single family residence in this Zip code is $765,651. This single family residence is listed at about 84% of the average asking price. There are 25 4 bedroom/3 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »

Bedrooms: 4
Bathrooms: 3
Sq. Ft. Gross: 3,600
Garage: Yes2 vehicles
Carport: No

Parking Features:

• Circular Driveway
• Driveway
• Garage Door Opener
• Open
• Oversized
• RV Parking

Spa Features:
Water Frontage: Waterfront
Water Features:
Water Access: