NOT LISTED FOR SALE

5203 Palmetto Point Dr Palmetto, FL 34221

Memphis Neighborhood

Estimated Value: $678,000 - $847,000

2 Beds
2 Baths
1,960 Sq Ft
$400/Sq Ft Est. Value

Last Sold May 23, 2023

Last sale price $795,000 $406 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,014/month

173 Days on Market

Highlights

  • 100 Feet of Salt Water Canal Waterfront
  • Screened Pool
  • Living Room with Fireplace
  • Water access To Gulf or Ocean
  • Canal View
  • Vaulted Ceiling

About This Home

As of May 2023

DEEP SAILBOAT WATERFRONT with unobstructed access to Terra Ceia Bay, the Intracoastal, and Gulf of Mexico. This large waterfront lot has 100' of seawall and is 140' deep with a 25x8 wood dock that will accommodate sailboats or larger vessels. It features a large inground heated swimming pool with a screened in cage. The large fenced in backyard offers room to park you RV or trailers on both sides of the house with room for the kids and dogs to run. The house bones are in great shape and the interior has great potential. New roof in 2023. The vaulted 25' ceilings open this house right up as you walk into the front door with a large living room area on the top floor that offers views of Terra Ceia Bay. The large master suite highlights vaulted ceilings with balcony and waterfront views. The wood burning fireplace in the upstairs living room features vaulted ceilings and exposed wood cedar beams. The main floor office easily converts to a 3rd bedroom making the house a 3/2. The kitchen has a large walk-in pantry with a rear facing window to the waterfront views. The rear covered porch offers a private feel and is screened in. The neighborhood does NOT have an HOA though offers a voluntary $75/year membership for those looking to get to know the neighbors in Bay Colony. This home is also eligible for membership of the Palmetto Point Civic Association which offers use of the private boat ramp, hall rental and dog park. It is less than 1 mile down the street and membership to use the ramp and facilities starts at $265/year. Home is conveniently located minutes from the I-275 / I-75 intestates and is 25 minutes to downtown St. Petersburg or 25 minutes to Sarasota, and 40 minutes to downtown Tampa. This is truly a great home in an amazing location. New 2023 shingle roof being installed.

Last Agent to Sell the Property

Doug Addeo

COMMUNITY REALTY ASSOCIATES License #559732 Listed on: 11/18/2022

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,676

Year Built

  • Built in 1981

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x140
  • 100 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Southeast Facing Home
  • Fenced
  • Oversized Lot
  • Property is zoned RSF4.5/C

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Key West Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Canal Views
  • Crawl Space
  • Laundry Room
  • Attic

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Gunite Pool
  • Fence Around Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Access to Saltwater Canal
  • Open Dock
  • Balcony
  • Screened Patio
  • Porch

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

  • Palm View Elementary School
  • Buffalo Creek Middle School
  • Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Palmetto Skyway Community
  • Palmetto Skyway Sec 1 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,676

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Vinyl Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 1960
  • Lot Size Acres: 0.32
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 3098
  • Lot Size Sq Ft: 14000
  • Directions to Property: Hwy 19 to west on Palmetto Point Dr
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 0
  • Escrow State: FL
  • List Office Head Office Key Nume: 1052284
  • RATIO Current Price By Calculate: 405.61
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Range, Refrigerator
  • Foundation Details: Crawlspace, Slab
  • Total Bedrooms: 2
  • Levels: Two
  • Stories: 1
  • Street Number Modifier: 5203
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Attic
  • Living Area Meters: 182.09
  • Room Count: 3

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Gunite, Heated, In Ground, Screen Enclosure
  • Exterior Features: Balcony
  • Roof: Shingle
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Porch, Screened
  • Road Surface Type: Paved
  • Disclosures: Seller Property Disclosure
  • Water Access: Canal - Saltwater,Gulf/Ocean,Intracoastal Waterway
  • Water Extras: Dock - Open
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 100
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 100

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Guest, Off Street

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Palm View Elementary
  • High School: Palmetto High
  • Middle Or Junior School: Buffalo Creek Middle

Lot Info

  • Zoning: RSF4.5/C
  • Parcel Number: 2207400009
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: Flood Insurance Required, FloodZone, Oversized Lot
  • Lot Dimensions: 100x140
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 1301

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 3676.24
  • Tax Book Number: 9-28
  • Tax Lot: 12

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2024
Sold by
Jje Properties Llc
Bought by
Smith John B
Current Estimated Value
$806,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$767,750
Outstanding Balance
$764,973
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$49,084

Purchase Details

Closed on
Nov 9, 2022
Sold by
Coveduck June L
Bought by
Miacon Llc

Purchase Details

Closed on
May 23, 2022
Sold by
Miacon Llc
Bought by
Jje Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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
Smith John B -- Florida Legal Title
Smith John B -- Florida Legal Title
Miacon Llc $649,000 --
Jje Properties Llc $795,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith John B $767,750
Closed Smith John B $767,750
Previous Owner Jje Properties Llc $710,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2023 05/23/23 Sold $795,000 -0.4% $406 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
02/08/2023 02/08/23 Price Changed $798,000 -6.0% $407 / Sq Ft
01/13/2023 01/13/23 Price Changed $849,000 -4.5% $433 / Sq Ft
11/18/2022 11/18/22 For Sale $889,000 -- $454 / 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
2024 $7,167 $719,035 $255,000 $464,035
2023 $10,496 $749,010 $255,000 $494,010
2022 $3,825 $299,290 $0 $0
2021 $3,676 $290,573 $0 $0
2020 $3,793 $286,561 $0 $0
2019 $3,559 $280,118 $0 $0
2018 $3,527 $274,895 $0 $0
2017 $3,256 $269,241 $0 $0
2016 $3,251 $263,703 $0 $0
2015 $3,293 $261,870 $0 $0
2014 $3,293 $259,792 $0 $0
2013 $3,283 $255,953 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3414570

Stellar MLS

APN: 22074-0000-9