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5403 PALMETTO POINT DRIVE

House Active With Contract
$915,000

BTC: 14.80582524

ETH: 524.05498282

45 days
Waterfront
3 bds
3 ba
2,468 sqft

Overview

Under contract-accepting backup offers. Welcome to 5403 Palmetto Point Drive, a beautifully renovated TURNKEY canal-front waterfront home offering 2,468 square feet of Florida coastal living. This 3-bedroom, 3-bathroom residence is being offered turnkey furnished and blends comfort, style, and income potential. The home is currently operating in a successful short-term rental program projected to generate over $100,000 in annual rental income, with $40,000 already booked year-to-date, making it an exceptional opportunity for both investors and those seeking a waterfront retreat. Inside, the home features an inviting open-concept floor plan with MULTIPLE LIVING SPACES, vaulted ceilings and exposed beams, creating a bright and spacious atmosphere. Expansive sliding glass doors fill the home with natural light while seamlessly connecting indoor living areas to the outdoor entertaining spaces. The main living area is anchored by a charming fireplace, adding warmth and character. The updated kitchen is equipped with all new GE Café appliances installed in 2025, including a refrigerator, range, and dishwasher, along with a new GE washer and dryer (2025). Major recent upgrades provide peace of mind, including a new roof (2025), new AC systems (2025), and impact windows and doors throughout most of the home. Step outside to enjoy your heated, screened-in pool and lanai, the perfect setting for relaxing or entertaining while taking in peaceful waterfront views. Boating enthusiasts will appreciate the private boat dock and lift, offering direct boating access to Tampa Bay through Terra Ceia Bay, ideal for fishing, sunset cruises, and days on the water. Located in the desirable waterfront community of Palmetto Point, this home is just minutes from dining, shopping, and the world-renowned beaches of Anna Maria Island and Florida’s Gulf Coast. Whether you are searching for a primary residence, vacation home, or turnkey investment property, 5403 Palmetto Point Drive offers exceptional waterfront living, strong rental performance, and recent major upgrades.

Location

Florida • PALMETTO • 34221 • House • Active With Contract • Waterfront

Details

Type:
Residential
Parking:
No Data
Year Built:
1959
Lot:
0.32 Acres
Heating:
Central
Price/sqft:
$371
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$637,500
$322K – $801K
Confidence Low
List vs. estimate
$277K above estimate
List $915,000 · +43.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$370
+62.4% vs. city median $228
Based on
10 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,833
2024
Pool
In Ground
View
Water
Waterfront
Canal - Saltwater
Garage
2 car garage
Furnished
Turnkey
Pets
Allowed
All facts and features

  • Flooring

    • Carpet

    • Ceramic Tile

    • Luxury Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Open Floorplan

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Lighting / Private Mailbox / Private Yard / Rain Gutters / Sliding Doors

    Lot

    • Lot: 0.32 Acres

    Other Property Information

    • Parcel Number: 2206400000

    • Zoning: RSF4.5/C

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,833

  • Source details

    • MLS ID: A4684594

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Slab

    • Fireplace Features: Living Room

    • Laundry Features: In Garage

    • Patio And Porch Features: Patio / Screened

    • Pool Features: In Ground / Screen Enclosure

    • Direction Faces: East

    • Architectural Style: Florida

    • Waterfront: Yes

    • Fireplace: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2468

    • Water Source: Public

    • Lot Size Dimensions: 98 x 143

    • Subdivision Name: PALMETTO SKYWAY SEC 1

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34221
588
median $389K
Active
Same city
PALMETTO
715
median $419K
Active
Same type
House
492
median $461K
Active
Similar price
$640K – $1.2M
77
median $825K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY