Welcome to 5403 Palmetto Point Drive, a beautifully renovated TURNKEY canal-front waterfront home offering 2,468 square feet of Florida coastal living. This 3-bedroom, 3-bathroom residence is being offered turnkey furnished and blends comfort, style, and income potential. The home is currently operating in a successful short-term rental program projected to generate over $100,000 in annual rental income, with $40,000 already booked year-to-date, making it an exceptional opportunity for both investors and those seeking a waterfront retreat. Inside, the home features an inviting open-concept floor plan with MULTIPLE LIVING SPACES, vaulted ceilings and exposed beams, creating a bright and spacious atmosphere. Expansive sliding glass doors fill the home with natural light while seamlessly connecting indoor living areas to the outdoor entertaining spaces. The main living area is anchored by a charming fireplace, adding warmth and character. The updated kitchen is equipped with all new GE Café appliances installed in 2025, including a refrigerator, range, and dishwasher, along with a new GE washer and dryer (2025). Major recent upgrades provide peace of mind, including a new roof (2025), new AC systems (2025), and impact windows and doors throughout most of the home. Step outside to enjoy your heated, screened-in pool and lanai, the perfect setting for relaxing or entertaining while taking in peaceful waterfront views. Boating enthusiasts will appreciate the private boat dock and lift, offering direct boating access to Tampa Bay through Terra Ceia Bay, ideal for fishing, sunset cruises, and days on the water. Located in the desirable waterfront community of Palmetto Point, this home is just minutes from dining, shopping, and the world-renowned beaches of Anna Maria Island and Florida’s Gulf Coast. Whether you are searching for a primary residence, vacation home, or turnkey investment property, 5403 Palmetto Point Drive offers exceptional waterfront living, strong rental performance, and recent major upgrades.
Sold for $900,000
$900,000
5403 PALMETTO POINT DRIVE, PALMETTO, FL 34221
3beds
2,468sqft
Single Family Residence
Built in 1959
0.32 Acres Lot
$899,800 Zestimate®
$365/sqft
$3,390 Estimated rent
Home value
$899,800
$846,000 - $954,000
$3,390/mo
Zestimate® history
Owner options
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$3,390/mo
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$3,390/mo
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$5,980/mo
Est. payment
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$5,980/mo
Est. payment
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List your homeWhat's special
Inviting open-concept floor planPeaceful waterfront viewsBright and spacious atmosphereExpansive sliding glass doorsMultiple living spaces
Zillow last checked:
Listing updated:
Listed by:
Charles Buky 941-228-6086,
COLDWELL BANKER REALTY 941-383-6411
Bought with:
Tim Lester, 3101382
TIM LESTER INTERNAT'L REALTY
Source: Stellar MLS,MLS#: A4684594
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
Bedroom 2
- Features: Built-in Closet
- Level: First
Bedroom 3
- Features: Built-in Closet
- Level: First
Primary bathroom
- Level: First
Bathroom 2
- Level: First
Bathroom 3
- Level: First
Balcony porch lanai
- Level: First
Family room
- Level: First
Florida room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry: In Garage
Features
- Ceiling Fan(s), Open Floorplan, Thermostat
- Flooring: Carpet, Ceramic Tile, Luxury Vinyl
- Doors: Sliding Doors
- Has fireplace: Yes
- Fireplace features: Living Room
Interior area
- Total structure area: 3,513
- Total interior livable area: 2,468 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Screened
- Exterior features: Lighting, Private Mailbox, Private Yard, Rain Gutters
- Has private pool: Yes
- Pool features: In Ground, Screen Enclosure
- Fencing: Vinyl
- Has view: Yes
- View description: Water, Canal
- Has water view: Yes
- Water view: Water,Canal
- Waterfront features: Canal - Saltwater, Saltwater Canal Access, Lift
Lot
- Size: 0.32 Acres
- Dimensions: 98 x 143
- Residential vegetation: Mature Landscaping
Details
- Parcel number: 2206400000
- Zoning: RSF4.5/C
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: PALMETTO SKYWAY SEC 1
HOA
- Has HOA: No
Location
- Region: Palmetto
Financial & listing details
- Price per square foot: $365/sqft
- Tax assessed value: $730,761
- Annual tax amount: $4,833
- Date on market: 3/6/2026
- Cumulative days on market: 45 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2026 | Sold | $900,000-1.6%$365/sqft |
Source:  Stellar MLS #A4684594 Report a problem | ||
| 4/23/2026 | Pending sale | $915,000$371/sqft |
Source: Stellar MLS #A4684594 Report a problem | ||
| 3/6/2026 | Listed for sale | $915,000+102.4%$371/sqft |
Source: Stellar MLS #A4684594 Report a problem | ||
| 8/1/2003 | Sold | $452,000+131.8%$183/sqft |
Source: Public Record Report a problem | ||
| 8/20/1996 | Sold | $195,000$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,356 +114.3% | $730,761 +91.6% |
| 2024 | $4,833 +1.1% | $381,308 +3% |
| 2023 | $4,779 +2.6% | $370,202 +3% |
| 2022 | $4,657 -0.2% | $359,419 +3% |
| 2021 | $4,668 +0.9% | $348,950 +1.4% |
| 2020 | $4,626 +1.5% | $344,132 +2.3% |
| 2019 | $4,560 | $336,395 +1.9% |
| 2018 | $4,560 +0.8% | $330,123 +2.1% |
| 2017 | $4,524 +6.5% | $323,333 +2.1% |
| 2016 | $4,250 | $316,683 +0.7% |
| 2015 | $4,250 | $314,482 +0.8% |
| 2014 | $4,250 +0.3% | $311,986 +1.5% |
| 2013 | $4,239 +423782% | $307,375 +1.5% |
| 2012 | $1 | $302,864 -2% |
| 2011 | $1 | $309,057 -6% |
| 2010 | -- | $328,710 -20.1% |
| 2009 | $6,056 -9.1% | $411,370 -9.3% |
| 2008 | $6,661 +4.5% | $453,637 +3% |
| 2007 | $6,373 -5% | $440,424 +2.5% |
| 2006 | $6,711 -0.1% | $429,682 +3% |
| 2005 | $6,715 +1.9% | $417,167 +3.2% |
| 2004 | $6,590 +58.9% | $404,269 +55.8% |
| 2003 | $4,148 +2.2% | $259,513 +2.4% |
| 2002 | $4,060 +3.3% | $253,431 +1.6% |
| 2001 | $3,931 -3.7% | $249,440 +9.3% |
| 2000 | $4,080 | $228,292 |
Find assessor info on the county website
Neighborhood: 34221
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Nearby schools
GreatSchools rating
- 4/10Palm View Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 2/10Palmetto High SchoolGrades: 8-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Palm View Elementary
- 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
$899,800
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Estimated market value
$899,800
- Florida
- Manatee County
- Palmetto
- 34221
- 5403 PALMETTO POINT DRIVE
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