NOT LISTED FOR SALE

2113 5th St E Palmetto, FL 34221

Estimated Value: $873,000 - $1,117,000

3 Beds
2.5 Baths
2,250 Sq Ft
$435/Sq Ft Est. Value

Last Sold November 07, 2023

Last sale price $1,145,000 $509 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $6,570/month

164 Days on Market

Highlights

  • 50 Feet of Marina Waterfront
  • Water Access
  • Fitness Center
  • Marina
  • Boat Lift
  • Fishing

About This Home

As of November 2023

Price reduced! Live the luxurious life you’ve always dreamed of in the boating community of Sanctuary Cove! This waterfront property creates an ideal
boater’s paradise. It overlooks the prominent Sanctuary Cove Club House and marina delivering unparalleled vistas and breathtaking
sunsets. Spanning 2,230 sf, this beautiful modern masterpiece home has a 3-bedroom, 2.5 bath, and flex room perfect for a majestic
entertaining lifestyle. Upon entering, be captivated by light-drenched living spaces with clean lines, high soaring ceilings and
spectacular water views from the great room. Everyday you’ll feel the beauty of nature flowing throughout the entire home. The updated
modern kitchen has sleek quartz countertops and premium GE Profile appliances, including: gas cooktop, oven, dishwasher, and a
refrigerator. Owner's suite presents awe-inspiring water views to awaken you in your personal paradise. Step into your backyard
utopia, where meticulous upgrades abound. The backyard space features an outdoor kitchen with grill, sink and refrigerator. Your
private dock comes fully equipped with a 16,000 lb. boat lift, inviting water enthusiasts to indulge and explore the open waters.
House has hurricane proof doors and windows to ensure peace of mind. Electric shades over the deck add a touch of sophistication.
Meticulously built with no expense spared on cosmetic upgrades, this home also instills confidence in its structural integrity.
Enjoy the pinnacle of coastal life; bring your boat and relish in the luxury of Gulf of Mexico living, just a short boat drive to
downtown Bradenton, Sarasota and Ana Maria Island with its exquisite restaurants, theaters, and shopping. Easy access to Intracoastal
waterway, Tampa Bay, Skyway Bridge, Egmont Key and Gulf of Mexico. Bradenton Yacht club is a 10-minute boat ride away. Sanctuary Cove
is a maintenance free, gated community offering private freshwater lock-lift marina, private beach, kayak launch, 8500sq/ft clubhouse
with gym and resort style pool. Commuting is a breeze as US-41, US-19, US 301, and USI-275 are just minutes away. Don't miss the
opportunity to make this exceptional gem your dream home.

Last Agent to Sell the Property

Eugene Smith

WEICHERT REALTORS HALLMARK PRO Brokerage Phone: 941-706-2142 License #3466352 Listed on: 04/13/2023

WEICHERT REALTORS HALLMARK PRO

Last Buyer's Agent

Cynthia Kaszirer

SMITH & ASSOCIATES REAL ESTATE License #3460290

SMITH & ASSOCIATES REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,877

Year Built

  • Built in 2020

Lot Details

  • 6,499 Sq Ft Lot
  • 50 Feet of Marina Waterfront
  • Property fronts a freshwater canal
  • North Facing Home
  • Fenced
  • Mature Landscaping
  • Property is zoned PDMU

HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Secured Garage or Parking

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,250 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Shade Shutters
  • Sliding Doors
  • Den
  • Bonus Room
  • Marina Views

Kitchen

  • Built-In Convection Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Lights
  • Smart Home
  • High Impact Windows
  • Fire and Smoke Detector
  • In Wall Pest System

Outdoor Features

  • Water Access
  • Dock has access to water
  • Seawall
  • Boat Lift
  • Dock made with Composite Material
  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Thermostat
  • Natural Gas Connected
  • Tankless Water Heater
  • Fiber Optics Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, pest control, recreational facilities, security
  • C+S Community Mgt Services Julie Conway Association, Phone Number (941) 758-9454
  • Visit Association Website
  • Santuary Cove Association, Phone Number (941) 758-9454
  • Built by WCI
  • Sanctuary Cove Subdivision
  • On-Site Maintenance
  • The community has rules related to allowable golf cart usage in the community

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Marina
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing

Security

  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,877

Year Built

Built in 2020

Lot Details

0

HOA Fees

$201 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Pest Control, Recreational Facilities, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2250
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2020
  • Building Area Total: 3003
  • Lot Size Sq Ft: 6499
  • Directions to Property: Off I75 head West on US301 to 16th Ave E. Turn Left into Sanctuary Cove. Go thru Main gates, follow Sanctuary Cove and make left on 5th St E.
  • Status: Sold
  • Street Post Direction: E
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Appraiser
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1050385
  • Minimum Lease: 3 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 508.89
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Vinyl
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, High Ceilings, In Wall Pest System, Open Floorplan, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Double Pane Windows, Impact Glass/Storm Windows, Shutters
  • Street Number Modifier: 2113
  • ResoLivingAreaSource: Builder
  • Additional Rooms: Bonus Room,Den/Library/Office
  • Living Area Meters: 209.03
  • Room Count: 9

Exterior Features

  • Direction Faces: North
  • Exterior Features: Other, Outdoor Kitchen, Shade Shutter(s), Sliding Doors
  • Roof: Concrete, Tile
  • Pool Private: No
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Other, Patio
  • Road Surface Type: Asphalt
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Freshwater Canal w/Lift to Saltwater Canal
  • Water Extras: Dock - Composite,Dock w/Electric,Dock w/Water Supply,Lift,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Marina
  • Water View YN: 1
  • Waterfront Feet Total: 50
  • Flood Zone Date: 2021-08-20
  • Additional Water Information: Private Freshwater Marina with lift to the Manatee River.
  • Water Frontage Feet Marina: 50

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Utilities: Fiber Optics, Natural Gas Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump, Natural Gas
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Fishing, Fitness Center, Gated, Golf Carts OK, Pool, Sidewalks, Water Access, Waterfront
  • Association Amenities: Clubhouse, Fitness Center, Gated, Lobby Key Required, Maintenance, Marina, Pool, Spa/Hot Tub
  • Association Fee: 333
  • Association Fee Frequency: Quarterly
  • Association Name: C+S Community Mgt Services - Julie Conway
  • Phone: 941-758-9454
  • Association: Yes
  • Security: Gated Community, Secured Garage / Parking, Security Lights, Security System, Smoke Detector(s)
  • Senior Community: No
  • Association #2 Fee: 1083
  • Association #2 Fee Frequency: Annually
  • Association: Santuary Cove
  • Association Phone #2: 941-758-9454
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Pet Restrictions: See HOA Paperwork
  • Association Fee Requirement: Required
  • Association Email: jconway@cscmsi.com
  • Pet Size: Large (61-100 Lbs.)
  • Association URL: www.cscmsi.com

Fee Information

  • Total Annual Fees: 2415.00
  • Total Monthly Fees: 201.25
  • Monthly HOA Amount: 111.00

Lot Info

  • Zoning: PDMU
  • Parcel Number: 1015738209
  • Additional Parcels: No
  • Fencing: Fenced
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 604

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: WCI

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Breed Restrictions
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 7876.79
  • Tax Book Number: 36-51
  • Tax Lot: 164
  • Tax Other Annual Assessment Amount: 769

Multi Family

  • Waterfront Features: Marina
  • Approval Process: See HOA paperwork.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
Nov 7, 2023
Sold by
Edwards Eric S and Edwards Angela Renee
Bought by
Frank Benjamin B and Becker Anne S
Seller's Agent
Eugene Smith
WEICHERT REALTORS HALLMARK PRO
Buyer's Agent
Cynthia Kaszirer
SMITH & ASSOCIATES REAL ESTATE
List Price
$1,189,900
Sold Price
$1,145,000
Premium/Discount to List
-$44,900
-3.77%
Views
163
Current Estimated Value
$979,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$165,259
Avg. Annual Appreciation
-7.76%
Original Mortgage
$650,000
Outstanding Balance
$635,397
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$344,344

Purchase Details

Listed on
Nov 27, 2021
Closed on
Mar 14, 2022
Sold by
James Smith Kenneth and James Loretta Denise
Bought by
Edwards Eric S and Edwards Angela Renee
Seller's Agent
Paul Hart
PREFERRED SHORE LLC
Buyer's Agent
Mimi Preciado
FUTURE HOME REALTY INC
List Price
$1,250,000
Sold Price
$1,075,000
Premium/Discount to List
-$175,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%
Original Mortgage
$887,250
Interest Rate
3.92%
Mortgage Type
VA

Purchase Details

Listed on
Jul 29, 2019
Closed on
Feb 13, 2020
Sold by
Wci Community Llc
Bought by
Smith Kenneth James and Smith Denise Loretta
Seller's Agent
Ben Goldstein
LENNAR REALTY
Buyer's Agent
Paul Hart
PREFERRED SHORE LLC
List Price
$513,015
Sold Price
$513,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.71%
Original Mortgage
$461,714
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2019
Sold by
Sanctuary Cove Asli Vi Lllp
Bought by
Wci Communities Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Frank Benjamin B $1,145,000 Luxe Title Services
Edwards Eric S $1,075,000 Barnes Walker Title
Smith Kenneth James $513,100 Calatlantic Title Inc
Wci Communities Llc $5,391,800 Calatlantic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frank Benjamin B $650,000
Previous Owner Edwards Eric S $887,250
Previous Owner Smith Kenneth James $461,714
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2023 11/07/23 Sold $1,145,000 -3.8% $509 / Sq Ft
09/25/2023 09/25/23 Pending -- -- --
08/15/2023 08/15/23 Price Changed $1,189,900 0.0% $529 / Sq Ft
08/15/2023 08/15/23 For Sale $1,189,900 +3.9% $529 / Sq Ft
08/08/2023 08/08/23 Off Market $1,145,000 -- --
05/01/2023 05/01/23 Price Changed $1,194,900 0.0% $531 / Sq Ft
04/13/2023 04/13/23 For Sale $1,195,000 +11.2% $531 / Sq Ft
03/14/2022 03/14/22 Sold $1,075,000 -2.3% $482 / Sq Ft View Prior Sale
02/13/2022 02/13/22 Pending -- -- --
01/27/2022 01/27/22 Price Changed $1,100,000 -4.3% $493 / Sq Ft
01/06/2022 01/06/22 Price Changed $1,150,000 -4.1% $516 / Sq Ft
12/16/2021 12/16/21 Price Changed $1,199,000 -2.5% $538 / Sq Ft
12/07/2021 12/07/21 Price Changed $1,230,000 -1.6% $552 / Sq Ft
11/24/2021 11/24/21 For Sale $1,250,000 +143.7% $561 / Sq Ft
02/13/2020 02/13/20 Sold $513,015 0.0% $228 / Sq Ft View Prior Sale
11/26/2019 11/26/19 Pending -- -- --
11/15/2019 11/15/19 Price Changed $513,015 0.0% $228 / Sq Ft
11/15/2019 11/15/19 For Sale $513,015 +3.4% $228 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $495,990 -- $220 / 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 $14,098 $680,414 $229,925 $450,489
2024 $14,098 $740,565 $229,925 $510,640
2023 $998 $770,434 $199,750 $570,684
2022 $7,877 $400,761 $0 $0
2021 $6,778 $389,088 $90,000 $299,088
2020 $1,803 $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: A4566446

Stellar MLS

APN: 10157-3820-9