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Sold for $570,000
  • $570,000

    7116 56TH TERRACE E, PALMETTO, FL 34221

    5beds
    3,174sqft
    Single Family Residence
    Built in 2006
    8,163 Square Feet Lot
    $560,100 Zestimate®
    $180/sqft
    $3,996 Estimated rent

    Home value

    $560,100

    $515,000 - $611,000

    $3,996/mo

    Zestimate® history
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    What's special

    Rounded cornersHeated poolNew roofCorian countertopsTall ceilingsPorcelain tileDedicated pool bath
    Professional Photography beautifully enhances this spacious 5-Bedroom 4-Bath Home with Heated Pool, New Roof, and 3-Car Garage with newly finished floor! Welcome to your piece of paradise, nestled at the end of a quiet cul-de-sac in the well-established and coveted Crystal Lakes neighborhood where long-time neighbors take pride in their community. This beautifully maintained 5-bedroom, 4-bathroom residence offers space, privacy, and thoughtful upgrades. Step into the large foyer and enjoy the formal living and dining rooms. The light-filled great room flows seamlessly into the open concept kitchen and dining areas, ideal for both entertaining and everyday living. The kitchen features Corian countertops, deep prep surfaces, 42” upper cabinets, a pantry, and newer appliances. Enjoy two spacious primary suites—one with a tray ceiling, luxurious garden tub, separate shower, dual vanities, and a large walk-in closet, the other tucked behind a private pocket door for guest or in-law comfort. Additional bedrooms are generously sized, and upstairs you'll find another large bedroom, full bath and two bonus versatile rooms—perfect for a gym, media space, or second office. Porcelain tile in all main areas, plush carpet in bedrooms. Upgraded design touches include tall ceilings, arched doorways, niches for your art or family pictures, tray ceilings in the primary, and formal living areas, rounded corners, ample storage, and a large under-stairs closet. Builder installed radiant barrier in the roof to keep the home and garage cooler and energy efficient. Step outside to your private backyard retreat with a heated pool and spa, overlooking a peaceful preserve. The covered patio is already plumbed for an outdoor kitchen, and a dedicated pool bath with linen closet adds convenience. Professionally maintained landscaping, pest control, and weekly pool service ensures this property was well cared for! In addition there is no CDD fee in Crystal Lakes and the fees are extremely low. Recent upgrades include: New roof (2023) with 9 years left on the transferable warranty. Brand New epoxy floor in the 3-car garage —perfect for enthusiasts—with a lifetime warranty. New pool filter 07/25. Located minutes from I-75, I-275, and US-301, with easy access to shopping, dining, high rated schools, parks and recreation, golf courses, and the stunning beaches of Anna Maria Island. Don’t wait! This one-of-a-kind home. Schedule your private showing today. Don't miss the virtual tour to see this beautiful home.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jim McElhinney 941-773-1199,

    COLDWELL BANKER REALTY 941-739-6777

    Bought with:

    Michael Novak, 635441

    COLDWELL BANKER REALTY

    Source: Stellar MLS,MLS#: A4657405MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Rooms
    • Room types: Bonus Room, Family Room, Utility Room
    Primary bedroom
    • Features: Dual Sinks, Walk-In Closet(s)
    • Level: First
    • Area: 266 Square Feet
    • Dimensions: 14x19
    Bedroom 2
    • Features: Ceiling Fan(s), Built-in Closet
    • Level: First
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Bedroom 3
    • Features: Ceiling Fan(s), Built-in Closet
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 11x12
    Bedroom 4
    • Features: Ceiling Fan(s), Built-in Closet
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 11x12
    Dining room
    • Level: First
    • Area: 168 Square Feet
    • Dimensions: 14x12
    Family room
    • Features: Ceiling Fan(s)
    • Level: First
    • Area: 345 Square Feet
    • Dimensions: 23x15
    Kitchen
    • Level: First
    • Area: 300 Square Feet
    • Dimensions: 15x20
    Living room
    • Level: First
    • Area: 168 Square Feet
    • Dimensions: 14x12
    Heating
    • Electric
    Cooling
    • Central Air, Zoned
    Appliances
    • Included: Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator
    • Laundry: Electric Dryer Hookup, Laundry Room
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Carpet, Porcelain Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 3,986
    • Total interior livable area: 3,174 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Attached
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Irrigation System, Lighting
    • Has private pool: Yes
    • Pool features: Gunite, Heated, In Ground
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Park/Greenbelt
    Lot
    • Size: 8,163 Square Feet
    • Features: Conservation Area, Cul-De-Sac, Greenbelt, Landscaped, Street Dead-End
    Details
    • Parcel number: 660116109
    • Zoning: PDR
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Completed
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public, Well
    • Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Sprinkler Well, Street Lights, Underground Utilities

    Community & HOA

    Community
    • Features: Deed Restrictions, Playground, Sidewalks
    • Pet fee: $0 monthly
    • Subdivision: CRYSTAL LAKES
    HOA
    • Has HOA: Yes
    • Amenities included: Basketball Court, Playground
    • HOA fee: $50 monthly
    • HOA name: McNeil Mgmt. Services,
    • HOA phone: 813-571-7100
    Location
    • Region: Palmetto

    Financial & listing details

    • Price per square foot: $180/sqft
    • Tax assessed value: $535,338
    • Annual tax amount: $7,502
    • Date on market: 7/15/2025
    • Cumulative days on market: 67 days
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Paved, Asphalt

    Price history

    DateEventPrice
    10/22/2025Sold$570,000-4.8%$180/sqft
    Source: Stellar MLS #A4657405 Report a problem
    9/20/2025Pending sale$599,000$189/sqft
    Source: Stellar MLS #A4657405 Report a problem
    7/15/2025Listed for sale$599,000+160.4%$189/sqft
    Source: Stellar MLS #A4657405 Report a problem
    6/1/2018Listing removed$2,400$1/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    5/17/2018Listed for rent$2,400$1/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    5/10/2011Sold$230,000+15.1%$72/sqft
    Source: Public Record Report a problem
    3/24/2011Price change$199,900-31%$63/sqft
    Source: isNowListed.com Report a problem
    3/4/2011Price change$289,900+45%$91/sqft
    Source: RE/MAX ALLIANCE GROUP #M5819188 Report a problem
    2/26/2011Price change$199,900-31%$63/sqft
    Source: RE/MAX ALLIANCE GROUP #M5819188 Report a problem
    1/24/2011Listed for sale$289,900-33.4%$91/sqft
    Source: Fannie Mae #M5819188 Report a problem
    12/12/2010Listing removed--
    Source: foreclosure.com Report a problem
    12/4/2010Listed for sale--
    Source: foreclosure.com Report a problem
    12/27/2006Sold$435,500$137/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,657 +2.1%$535,338 -1.3%
    2024$7,502 +136.3%$542,663 +114.3%
    2023$3,174 +2.9%$253,173 +3%
    2022$3,086 +0.1%$245,799 +3%
    2021$3,084 +1.1%$238,640 +1.4%
    2020$3,051 +1.7%$235,345 +2.3%
    2019$3,001 $230,054 +1.9%
    2018$3,001 +1%$225,764 +2.1%
    2017$2,972 +7.1%$221,120 +2.1%
    2016$2,775 $216,572 +0.7%
    2015$2,775 $215,067 +0.8%
    2014$2,775 -8.6%$213,360 +12%
    2013$3,035 +303434%$190,500 +3.4%
    2012$1 $184,278 -5.2%
    2011$1 $194,417 -6%
    2010-- $206,852 -11.5%
    2009$3,125 -24.4%$233,746 -24.9%
    2008$4,136 -24.2%$311,205 -18.3%
    2007$5,458 +370.1%$380,758 +443.9%
    2006$1,161 $70,000
    Find assessor info on the county website

    Neighborhood: 34221

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Virgil Mills Elementary
    • Middle: Buffalo Creek 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
    $560,100
    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
    $560,100