2101 5th STREET E, Palmetto, FL, 34221 | $1,150,000

Under contract-accepting backup offers. Welcome to this impressive home on the water, with Direct Access to Manatee River, Tampa Bay & Gulf. This rare waterfront property rests behind private gates of a serene intimate community of Sanctuary Cove a lush and tranquil peninsula on the Gulf Coast. Minutes to Tampa By & Gulf of Mexico by boat. Discover the ultimate value and waterfront living at its finest with this exceptional home. With its prime location and remarkable features, you will not find a better value than this waterfront gem. Here’s why. This Boaters Paradise home perfectly placed approximately 160 feet on the water and a 16, 000-pound boat lift! The 2389-square-foot home was built in 2021 and has 3 en-suite bedrooms and also has a half-bath, flex room, and two-car, 465 sq. ft garage. This waterfront property has a gourmet kitchen that features granite countertops, a GE Profile Refrigerator, and a double oven. It’s an entertainer’s dream and a chef’s vision. Your new home is a Largo 3 model with many upgrades including; cam lighting and fans in every room, an Alarm System with cameras, a Built-in stereo system in the Primary Suite, the Family room, and Patio, plus a Water Filtration System throughout the home. The Primary Suite has beautiful water views and a spacious custom walk-in closet. Natural light abounds in this open, functional single-story floor plan with plenty of rooms that will accommodate play, study, work, and entertainment. Enjoy the serene outdoor living space with plenty of space to soak up the sunshine or entertain with your saltwater pool, built-in grill, and outdoor Ice Maker. Recent updates include widened driveway, underground gutters, wall-mounted ironing board, recessed lighting in every room, extra shelving throughout the home, and concrete footings for a screen enclosure option. Sanctuary Cove is a vibrant coastal community with rich amenities and attractions, perfect for your Florida lifestyle! The Clubhouse at Sanctuary Cove is the core of the community. This is where residents go to chill by the inviting resort-style pool on hot lazy days. Or, inside to work out in the intimate gym with state-of-the-art equipment. Sanctuary Cove is centrally located on Florida’s west coast, near the waters of Tampa Bay and the beaches of Anna Maria Island and Long Boat Key. Cruise to full-service Marinas & Island Destinations. Restaurant choices are endless by land or sea & short distance to vibrant Downtown Brandenton"s Riverwalk, Sarasota, St Petersburg, World Class Beaches, shopping. Inspired Waterfront Living starts here! Don’t miss out on this extraordinary opportunity to own a waterfront home that offers unparalleled value Schedule a viewing today and experience the unmatched beauty, serenity, and exceptional value that this home on the water provides.

Features

  • Amenities: Clubhouse, Fitness Center, Park, Pool
  • Rooms: 4
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Style: Custom, Mediterranean
  • Year Built: 2021
  • Garage: 2-car Driveway, Ground Level, Off Street
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,389
  • Acreage: 0.15
  • Est. Taxes: $9,734
  • HOA Fee: $333 Quarterly
  • Lot Desc: In County, Key Lot, Level, Near Marina, Private
  • View: Water
  • Elem. School: James Tillman Elementary
  • Middle School: Lincoln Middle
  • High School: Palmetto High
  • Pool: In Ground, Salt Water
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Dishwasher, Dryer, Range Hood, Refrigerator, Washer, Water Filtration System
  • MLS#: A4567999
  • Days on Market: 296 days
  • Website: https://www.raveis.com
    /eprop/A4567999/21015thstreete_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 5/31/2024 10:04:58 PM)
Listing courtesy of COMPASS FLORIDA LLC   Phone: 941-265-7692

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2101 5th STREET E, Palmetto, FL, 34221

$1,150,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $920,000 $920,000 $920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.128% 7.061%
Monthly Tax Payment $811 $811 $811
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,198 $6,121 $8,205
Total Monthly Payment $7,134 $7,057 $9,141

* 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.