$954,500
$35K PRICE DROP

2217 5th St E Palmetto, FL 34221

Estimated payment $6,428/month

Total Views 3,003
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
  • Directions to Property: From I75 go west on US 301 left on Sanctuary Cove Way through gate left on 5th st E
  • Status: Active
  • Street Post Direction: E
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 503389265
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 424.22
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • 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
  • Street Number Modifier: 2217
  • Living Area Meters: 209.03
  • Room Count: 10

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 Extras YN: 1
  • 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
  • Homestead YN: 1
  • Lot Size Square Meters: 604

Green Features

  • Efficiency: Appliances, Doors, HVAC, Incentives, Thermostat, Water Heater, Windows
  • Green Verification Count: 0

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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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
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 Change Sq Ft Price
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 $125,000 Credit Line Revolving
Closed $88,500 Credit Line Revolving
Open $548,000 New Conventional
Previous Owner $351,000 New Conventional
Previous Owner $350,955 New Conventional
Source: Public Records

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Source: Stellar MLS

MLS Number: TB8374021

Stellar MLS

APN: 10157-3855-9