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Sold for $250,000
  • $250,000

    1406 5th St W, Palmetto, FL 34221

    2beds
    1,675sqft
    Single Family Residence
    Built in 1925
    0.31 Acres Lot
    $248,200 Zestimate®
    $149/sqft
    $2,215 Estimated rent

    Home value

    $248,200

    $228,000 - $268,000

    $2,215/mo

    Zestimate® history
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    What's special

    Modern potentialBright breakfast nookHistoric characterCozy wood-burning fireplacePrivate drivewayFull kitchenVersatile studio layout
    One or more photo(s) has been virtually staged. CASH ONLY! Step into a timeless classic filled with warmth, character, and charm. This historic property has gracefully stood the test of time and is ready for its next chapter. Welcome to the "Castles by the Sea," a rare opportunity to own two 1925 homes in the heart of Historic Palmetto. Nestled on a generous lot, these castle-like residences combine enduring character with limitless potential. Whether you envision a full-time residence, a profitable investment, or a combination of both, this property offers incredible flexibility. The main home exudes vintage charm, featuring a cozy wood-burning fireplace, a bright breakfast nook, and spacious living areas that blend historic appeal with modern potential. With one bedroom and one bathroom, it provides the perfect canvas to embrace 1920s elegance while adding your personal touches and contemporary updates. Equally enchanting, the guest house offers a versatile studio layout with its own private driveway, full kitchen, and bathroom, ideal for guests or rental income. Free from rental restrictions, this property allows for short-term rentals, making it a lucrative opportunity for investors or homeowners seeking flexibility. Perfectly situated just minutes from the scenic Manatee River, local dining, shopping, and entertainment, and within easy reach of Bradenton, St. Pete, and Sarasota, the "Castles by the Sea" offer the perfect balance of historic charm and modern convenience.

    Zillow last checked:

    Listing updated:

    Listed by:

    Toni Zarghami 941-248-2147,

    KW COASTAL LIVING III 941-900-4151

    Bought with:

    Patricia Keen Freed, 3331828

    MATTHEW GUTHRIE AND ASSOCIATES REALTY LLC

    Source: Stellar MLS,MLS#: A4644271MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Ceiling Fan(s), Built-in Closet
    • Level: First
    Bathroom 1
    • Features: Tub With Shower
    • Level: First
    Dining room
    • Features: Ceiling Fan(s)
    • Level: First
    • Area: 143 Square Feet
    • Dimensions: 11x13
    Kitchen
    • Features: Ceiling Fan(s)
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 11x12
    Living room
    • Features: Ceiling Fan(s)
    • Level: First
    • Area: 448 Square Feet
    • Dimensions: 14x32
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    • Laundry: Inside
    Features
    • Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Open Floorplan
    • Flooring: Laminate, Tile, Hardwood
    • Doors: French Doors
    • Windows: Window Treatments
    • Has fireplace: Yes
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 1,717
    • Total interior livable area: 1,675 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Enclosed, Front Porch, Rear Porch
    • Exterior features: Private Mailbox
    Lot
    • Size: 0.31 Acres
    • Dimensions: 96 x 140
    • Features: Historic District, City Lot, In County, Oversized Lot, Sidewalk
    Details
    • Additional structures: Guest House
    • Parcel number: 2917900009
    • Zoning: PL_RS-3
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Historical
    • Property subtype: Single Family Residence
    Materials
    • Stone
    • Foundation: Other
    • Roof: Concrete,Other
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Cable Available, Electricity Available, Natural Gas Available, Public, Sewer Available, Water Available

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: OAKDALE SQUARE
    HOA
    • Has HOA: No
    Location
    • Region: Palmetto

    Financial & listing details

    • Price per square foot: $149/sqft
    • Tax assessed value: $169,557
    • Annual tax amount: $3,667
    • Date on market: 3/13/2025
    • Cumulative days on market: 247 days
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    2/4/2026Sold$250,000-12.3%$149/sqft
    Source: Stellar MLS #A4644271 Report a problem
    1/9/2026Pending sale$285,000$170/sqft
    Source: Stellar MLS #A4644271 Report a problem
    1/6/2026Listed for sale$285,000$170/sqft
    Source: Stellar MLS #A4644271 Report a problem
    11/25/2025Pending sale$285,000$170/sqft
    Source: Stellar MLS #A4644271 Report a problem
    10/22/2025Price change$285,000-13.6%$170/sqft
    Source: Stellar MLS #A4644271 Report a problem
    10/6/2025Listed for sale$330,000$197/sqft
    Source: Stellar MLS #A4644271 Report a problem
    9/22/2025Pending sale$330,000$197/sqft
    Source: Stellar MLS #A4644271 Report a problem
    8/7/2025Price change$330,000-10.8%$197/sqft
    Source: Stellar MLS #A4644271 Report a problem
    4/18/2025Price change$370,000-7.5%$221/sqft
    Source: Stellar MLS #A4644271 Report a problem
    3/13/2025Listed for sale$400,000+566.7%$239/sqft
    Source: Stellar MLS #A4644271 Report a problem
    10/27/1995Sold$60,000$36/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,779 +3%$169,557
    2024$3,667 +153.9%$169,557 +90.4%
    2023$1,444 +6.3%$89,039 +5.1%
    2022$1,358 +9.1%$84,721 +5%
    2021$1,245 -12.2%$80,685 -9.9%
    2020$1,419 +4.7%$89,583 +5%
    2019$1,356 $85,327 +1.8%
    2018$1,356 +4.9%$83,811 +6%
    2017$1,293 -15.2%$79,093 +5.9%
    2016$1,525 $74,664 +3.1%
    2015$1,525 $72,394 +18.3%
    2014$1,525 -11.4%$61,180 -13.2%
    2013$1,721 +171981%$70,449 +2.2%
    2012$1 $68,935 -8.1%
    2011$1 $75,024 -3.3%
    2010-- $77,606 -5.1%
    2009$1,080 -10.9%$81,785 -6%
    2008$1,212 -2.2%$86,973 -2.2%
    2007$1,239 -0.2%$88,901 +5.7%
    2006$1,242 +20.3%$84,081 +16.2%
    2004$1,033 +3.9%$72,336 +3.4%
    2003$994 +10.3%$69,930 +5.1%
    2002$901 +6.5%$66,528 +1.7%
    2001$846 +4.3%$65,387 +3.7%
    2000$811 $63,078
    Find assessor info on the county website

    Neighborhood: 34221

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Palmetto Elementary-MN
    • Middle: Lincoln Middle
    • High: Palmetto High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $248,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $248,200