$954,900
$35K PRICE DROP

2217 5th St E Palmetto, FL 34221

Estimated payment $6,215/month

Total Views 5,566
3 Beds
2.5 Baths
2,250 Sq Ft
$424 Price per Sq Ft

Highlights

  • Dock has access to electricity
  • Fitness Center
  • River Front
  • Boat Lift
  • Home fronts a lagoon or estuary
  • Gated Community

About This Home

WATERFRONT LUXURY IN SANCTUARY COVE!
Welcome home to your boater's dream home in the exclusive gated waterfront community of Sanctuary Cove, This custom designed single-family residence has a nautical theme! It offers a seamless blend of luxury, comfort, and Florida costal living. Close to many water front restaurants. Go by boat or car! Bring your boat. There is a dock with a lift right in your backyard! Interior features Open concept floor plan with tray ceilings and crown molding. Chef's kitchen with solid surface countertops, gourmet gas cooktop, convection oven, bar area and stainless steel appliances Smart-home equipped with tankless water heater and modern energy efficient features.
Spacious primary suite with en-suite bath, double vanity, and custom walk-in closet.
High -end tile flooring and premium features throughout. Outdoor Living
Professionally landscaped lot with stucco exterior and beautiful tile roof.
Covered Lanai with outdoor kitchen, hot tub and elegant lighting. Perfect for entertaining!
Waterfront back yard with private boat lift, lagoon views and seawall in a peaceful setting with great sunset views! This is a must see! Schedule your appointment today! Agent is also homeowner.

Listing Agent

Martin Maluchnik

YOUNG REAL ESTATE Brokerage Phone: 407-904-0069 License #3270470 Listed on: 05/08/2025

YOUNG REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,950

Year Built

  • Built in 2019

Lot Details

  • 6,500 Sq Ft Lot
  • Home fronts a lagoon or estuary
  • River Front
  • Property fronts a freshwater canal
  • North Facing Home
  • Garden

HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Block Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,250 Sq Ft Home
  • Open Floorplan
  • Bar Fridge
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Shade Shutters
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room
  • Lagoon Views

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Brick
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • Jack-and-Jill Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Home Security

  • Security Gate
  • Smart Home
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Energy-Efficient Incentives
  • Energy-Efficient Doors
  • Energy-Efficient Thermostat
  • Reclaimed Water Irrigation System

Outdoor Features

  • Seawall
  • No Wake Zone
  • Lock
  • Boat Lift
  • Dock has access to electricity
  • Deeded Boat Dock
  • Dock made with Composite Material
  • Outdoor Kitchen
  • Exterior Lighting

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Thermostat
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, ground maintenance
  • Jennie Bynum Association
  • Condominium Association
  • T J Oxford Subdivision Community
  • Sanctuary Cove Subdivision
  • On-Site Maintenance
  • The community has rules related to fencing, allowable golf cart usage in the community

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,950

Year Built

Built in 2019

Lot Details

0

HOA Fees

$231 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2250
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2019
  • Building Area Total: 2230
  • Lot Size Sq Ft: 6500
  • Status: Active
  • Street Post Direction: E
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 207.17
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 424.40
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite,Dock - Slip Deeded On-Site,Dock w/Electric,Lift
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Water Access,Waterfront
  • Attribution Contact: 407-904-0069
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Touchless Faucet
  • Foundation Details: Block
  • Total Bedrooms: 3
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Living Area Meters: 209.03

Exterior Features

  • Direction Faces: North
  • Exterior Features: Garden, Lighting, Outdoor Kitchen, Shade Shutter(s), Sliding Doors
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Freshwater Canal w/Lift to Saltwater Canal
  • Water Extras: Lift,Lock,No Wake Zone,Seawall - Concrete
  • Water View: Lagoon
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Additional Water Information: Home is on elevated fresh water basin. Private dock and lift in backyard.

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Fitness Center, Gated Community - No Guard, Golf Carts OK, Irrigation-Reclaimed Water, Pool, Sidewalks, Street Lights
  • Association Amenities: Clubhouse, Fence Restrictions, Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Security, Spa/Hot Tub
  • Association Fee: 89
  • Association Fee Frequency: Monthly
  • Association Name: Jennie Bynum
  • Association: Yes
  • Security: Fire Alarm, Gated Community, Security Gate
  • Senior Community: No
  • Association #2 Fee: 1700
  • Association #2 Fee Frequency: Annually
  • Association: Condominium Association
  • Association 2 YN: 1
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 2768.00
  • Total Monthly Fees: 230.67
  • Monthly HOA Amount: 89.00

Schools

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

Lot Info

  • Zoning: RESI
  • Parcel Number: 1015738559
  • Additional Parcels: No
  • Flood Zone Code: X 500

Green Features

  • Efficiency: Appliances, Doors, HVAC, Incentives, Thermostat, Water Heater, Windows

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 11949.84
  • Tax Lot: 171
  • Tax Other Annual Assessment Amount: 1532

Multi Family

  • Waterfront Features: Canal - Freshwater, Lagoon, River Front

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $11,857 $638,912 -- --
2024 $11,857 $620,906 -- --
2023 $11,698 $602,821 $0 $0
2022 $11,417 $585,263 $0 $0
2021 $4,390 $262,922 $0 $0
2020 $4,519 $259,292 $0 $0
2019 $1,066 $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

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2025 12/16/25 For Sale $954,900 +1.6% $424 / Sq Ft
11/30/2025 11/30/25 Off Market $939,900 -- --
11/03/2025 11/03/25 Price Changed $939,900 0.0% $418 / Sq Ft
11/03/2025 11/03/25 For Sale $939,900 -0.8% $418 / Sq Ft
10/31/2025 10/31/25 Off Market $947,900 -- --
09/30/2025 09/30/25 Price Changed $947,900 -0.1% $421 / Sq Ft
09/19/2025 09/19/25 Price Changed $948,888 -0.1% $422 / Sq Ft
08/25/2025 08/25/25 Price Changed $949,900 -0.5% $422 / Sq Ft
08/10/2025 08/10/25 Price Changed $954,500 -0.6% $424 / Sq Ft
07/25/2025 07/25/25 Price Changed $959,800 -2.0% $427 / Sq Ft
06/22/2025 06/22/25 Price Changed $979,400 -1.0% $435 / Sq Ft
05/08/2025 05/08/25 For Sale $989,500 -- $440 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $685,000 Attorney
Special Warranty Deed $468,000 Calatlantic Title Inc
Special Warranty Deed $4,579,200 Flroida Title & Guarantee
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $548,000 New Conventional
Previous Owner $350,955 New Conventional
Source: Public Records

Source: Stellar MLS

MLS Number: TB8374021

Stellar MLS

APN: 10157-3855-9