2318 5th St E Palmetto, FL 34221
Estimated payment $4,893/month
Highlights
- Fitness Center
- Gated Community
- Clubhouse
- Property is near a marina
- Open Floorplan
- High Ceiling
About This Home
MOTIVATED SELLER! $10K PRICE IMPROVEMENT! Welcome to Sanctuary Cove, a stunning gated marina community nestled in Palmetto. Offering the ultimate in resort-style living, this community features a luxurious clubhouse, state-of-the-art gym, refreshing swimming pool, and a private beach. This exquisite 2022-built home boasts 3 bedrooms, 3.5 bathrooms, and a spacious den, all designed with exceptional craftsmanship and an abundance of natural light. From the moment you step inside, you’ll be captivated by the breathtaking sanctuary views and the privacy that comes with no rear neighbors. The home’s interior is highlighted by elegant ivory 42" cabinetry and sleek quartz countertops. High-end custom lighting graces the kitchen, den, and dining areas, adding a touch of sophistication. Equipped with premium GE Profile appliances, including a gas range, oversized refrigerator, and microwave, this home is built for both comfort and style. An open floor plan seamlessly connects the living spaces, creating the perfect environment for entertaining guests. The master suite offers the perfect retreat, with sweeping sanctuary views and a spa-like bathroom featuring dual vanity sinks and a luxurious double-head shower. Storage is never an issue with spacious closets throughout, including walk-ins in both guest bedrooms, each with its own en-suite bathroom. Additional features include a tankless water heater for efficiency and hurricane-impact windows throughout the home, providing both safety and energy efficiency, especially during Florida’s storm season. Conveniently located near Tamiami Trail, US-301, and I-75, you’re just minutes away from sandy beaches, shopping, dining, and the airport. This stunning Florida home offers affordable luxury and is ready for you to move in. Don’t miss your chance—this gem won’t last long!
Listing Agent
LPT REALTY, LLC Brokerage Phone: 877-366-2213 License #3447964 Listed on: 08/05/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,634
Year Built
- Built in 2022
Lot Details
- 8,194 Sq Ft Lot
- Southwest Facing Home
- Landscaped
- Property is zoned PDMU
HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Slab Foundation
- Tile Roof
- Stucco
Interior Spaces
- 2,507 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Tray Ceiling
- High Ceiling
- Blinds
- Family Room Off Kitchen
- Living Room
- Den
- Ceramic Tile Flooring
- Storm Windows
Kitchen
- Walk-In Pantry
- Range with Range Hood
- Microwave
- Dishwasher
- Stone Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Shower Only
- Multiple Shower Heads
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Property is near a marina
- Exterior Lighting
Schools
- James Tillman Elementary School
- Buffalo Creek Middle School
- Palmetto High School
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Thermostat
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 155
- Assessor Parcel Number 1015737759
- $769 per year additional tax assessments
Community Details
Overview
- Association fees include ground maintenance, pool
- Condominium Associates Jennie Byram Association, Phone Number (941) 236-7701
- Visit Association Website
- C&S Comm Management Services Inc Association
- Sanctuary Cove Subdivision
Amenities
- Clubhouse
Recreation
- Fitness Center
- Community Pool
Security
- Card or Code Access
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,634 | $560,644 | $119,850 | $440,794 |
| 2024 | $12,634 | $620,804 | $119,850 | $500,954 |
| 2023 | $10,336 | $531,390 | $81,600 | $449,790 |
| 2022 | $1,399 | $80,000 | $80,000 | $0 |
| 2021 | $1,343 | $70,000 | $70,000 | $0 |
| 2020 | $647 | $70,000 | $70,000 | $0 |
| 2019 | $645 | $70,000 | $70,000 | $0 |
| 2018 | $200 | $9,100 | $9,100 | $0 |
| 2017 | $193 | $9,100 | $0 | $0 |
| 2016 | $199 | $9,300 | $0 | $0 |
| 2015 | $200 | $9,300 | $0 | $0 |
| 2014 | $200 | $9,300 | $0 | $0 |
| 2013 | $202 | $9,300 | $9,300 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | Price Changed | $685,000 | -1.4% | $273 / Sq Ft |
| 09/08/2025 09/08/25 | Price Changed | $695,000 | -4.1% | $277 / Sq Ft |
| 08/05/2025 08/05/25 | For Sale | $725,000 | 0.0% | $289 / Sq Ft |
| 05/03/2024 05/03/24 | Rented | $3,995 | 0.0% | -- |
| 05/02/2024 05/02/24 | Under Contract | -- | -- | -- |
| 04/11/2024 04/11/24 | Price Changed | $3,995 | -6.0% | $2 / Sq Ft |
| 03/20/2024 03/20/24 | Price Changed | $4,250 | -5.6% | $2 / Sq Ft |
| 03/05/2024 03/05/24 | Price Changed | $4,500 | -10.0% | $2 / Sq Ft |
| 02/13/2024 02/13/24 | For Rent | $5,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $533,900 | New Title Company Name | |
| Special Warranty Deed | $4,586,800 | Calatlantic Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $373,723 | New Conventional |
Source: Stellar MLS
MLS Number: TB8412936
APN: 10157-3775-9
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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