NOT LISTED FOR SALE

2101 5th St E Palmetto, FL 34221

Estimated Value: $1,003,000 - $1,199,000

3 Beds
3.5 Baths
2,389 Sq Ft
$462/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $1,148,000 $481 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,787/month

383 Days on Market

Highlights

  • 160 Feet of Riverfront
  • Fitness Center
  • Custom Home
  • Boat Ramp
  • In Ground Pool
  • Open Floorplan

About This Home

As of May 2024

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.

Last Agent to Sell the Property

Michael Wooldridge

COMPASS FLORIDA LLC License #3029696 Listed on: 04/21/2023

COMPASS FLORIDA LLC

Last Buyer's Agent

Janelle Chmura PA

SMITH & ASSOCIATES REAL ESTATE License #3333581

SMITH & ASSOCIATES REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,734

Year Built

  • Built in 2021

Lot Details

  • 6,499 Sq Ft Lot
  • 160 Feet of Riverfront
  • River Front
  • Key Lot That May Back To Multiple Homes
  • Southeast Facing Home
  • Private Lot
  • Level Lot
  • Landscaped with Trees
  • Property is zoned PDMU

HOA Fees

  • $111 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Ground Level Parking
  • Driveway
  • Off-Street Parking

Home Design

  • Custom Home
  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,389 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Formal Dining Room
  • Den
  • Inside Utility
  • Tile Flooring
  • River Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range Hood
  • Dishwasher
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • River Access
  • Property is near a marina
  • Boat Ramp
  • Patio

Schools

  • James Tillman Elementary School
  • Lincoln Middle School
  • Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Water Filtration System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, management, recreational facilities
  • C&S Management Services Association, Phone Number (941) 758-9454
  • Visit Association Website
  • Sanctuary Cove Subdivision, Largo 3 Floorplan

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,734

Year Built

Built in 2021

Lot Details

0

HOA Fees

$111 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Management, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Mediterranean
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2389
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2021
  • Building Area Total: 2389
  • Lot Size Sq Ft: 6499
  • Status: Sold
  • Street Post Direction: E
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Building Area Total Srch Sq M: 221.95
  • Escrow State: FL
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 480.54
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • MFR_CommunityAssociationWaterFeatures: Marina,Private Boat Ramp,Water Access,Waterfront
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Primary Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Dishwasher, Dryer, Range Hood, Refrigerator, Washer, Water Filtration System
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 1
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Den/Library/Office,Formal Dining Room Separate,Inside Utility
  • Living Area Meters: 221.95

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Other
  • Pool Features: In Ground, Salt Water
  • Exterior Features: Sidewalk
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Water Body Name: MANATEE RIVER
  • Waterfront: Yes
  • Patio and Porch Features: Patio
  • Road Surface Type: Paved
  • Disclosures: HOA/PUD/Condo Disclosure
  • Water Access: River
  • Water Extras: Boat Ramp - Private
  • Water View: River
  • Water View YN: 1
  • Waterfront Feet Total: 160
  • Water Frontage Feet River: 160

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Ground Level, Off Street

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Park, Sidewalks
  • Association Amenities: Clubhouse, Fitness Center, Park, Pool
  • Association Fee: 333
  • Association Fee Frequency: Quarterly
  • Association Name: C&S Management Services
  • Phone: 941.758.9454 107
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Please verify all pet restrictions with the HOA
  • Association Fee Requirement: Required
  • Association Email: jconway@cscmsi.com
  • Association URL: sanctuarycovefl.com

Fee Information

  • Total Annual Fees: 1332.00
  • Total Monthly Fees: 111.00
  • Monthly HOA Amount: 111.00

Schools

  • Elementary School: James Tillman Elementary
  • High School: Palmetto High
  • Middle Or Junior School: Lincoln Middle

Lot Info

  • Zoning: PDMU
  • Parcel Number: 1015738059
  • Additional Parcels: No
  • Lot Features: In County, Key Lot, Level, Near Marina, Private, Paved
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Please verify all lease restrictions with the HOA

Tax Info

  • Tax Annual Amount: 9733.97
  • Tax Book Number: 36-51
  • Tax Lot: 161
  • Tax Other Annual Assessment Amount: 769

Multi Family

  • Waterfront Features: River Front
  • Approval Process: Application and Background Check

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 30, 2024
Sold by
Gilroy Katherine Anne and Depond John Robert
Bought by
Weatherford William and Trapaga Ann
Seller's Agent
Michael Wooldridge
COMPASS FLORIDA LLC
Buyer's Agent
Janelle Chmura PA
SMITH & ASSOCIATES REAL ESTATE
List Price
$1,290,000
Sold Price
$1,148,000
Premium/Discount to List
-$142,000
-11.01%
Views
191
Current Estimated Value
$1,103,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,616
Avg. Annual Appreciation
-2.46%

Purchase Details

Closed on
Nov 15, 2021
Sold by
Wci Communities Llc
Bought by
Depond John Robert and Gilroy Katherine Anne

Purchase Details

Closed on
Sep 18, 2020
Sold by
Sanctuary Cove Asli Vi Lllp
Bought by
Wci Communities Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weatherford William $1,148,000 Compass Land & Title
Depond John Robert $594,400 New Title Company Name
Wci Communities Llc $4,586,800 Calatlantic Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2024 05/30/24 Sold $1,148,000 -0.2% $481 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
04/11/2024 04/11/24 Price Changed $1,150,000 -2.1% $481 / Sq Ft
04/11/2024 04/11/24 Price Changed $1,175,000 -1.7% $492 / Sq Ft
03/17/2024 03/17/24 Price Changed $1,195,000 -4.4% $500 / Sq Ft
03/11/2024 03/11/24 Price Changed $1,250,000 -2.0% $523 / Sq Ft
02/01/2024 02/01/24 Price Changed $1,275,000 -0.6% $534 / Sq Ft
12/12/2023 12/12/23 Price Changed $1,283,000 +0.6% $537 / Sq Ft
11/27/2023 11/27/23 Price Changed $1,275,000 +3.2% $534 / Sq Ft
10/08/2023 10/08/23 Price Changed $1,235,000 -3.1% $517 / Sq Ft
10/06/2023 10/06/23 Price Changed $1,275,000 -1.2% $534 / Sq Ft
09/21/2023 09/21/23 Price Changed $1,290,000 0.0% $540 / Sq Ft
09/21/2023 09/21/23 For Sale $1,290,000 -4.4% $540 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/02/2023 06/02/23 Price Changed $1,349,000 +3.8% $565 / Sq Ft
04/21/2023 04/21/23 For Sale $1,299,500 -- $544 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,946 $555,844 -- --
2024 $10,946 $572,227 -- --
2023 $10,797 $555,560 $0 $0
2022 $9,734 $497,555 $0 $0
2021 $1,721 $90,000 $90,000 $0
2020 $987 $90,000 $90,000 $0
2019 $899 $80,000 $80,000 $0
2018 $461 $22,000 $22,000 $0
2017 $444 $22,000 $0 $0
2016 $439 $21,400 $0 $0
2015 $443 $21,400 $0 $0
2014 $443 $21,400 $0 $0
2013 $447 $21,400 $21,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4567999

Stellar MLS

APN: 10157-3805-9