Residential Property - Single Family Residence in Palmetto
SOLD for $200,000 on June 6, 2025
Listing Price: $239,000Sold Price: $200,000Sold Price/List Price: 84%
Sold Price/Original List Price: 66.89%
Description of Property
Investor Alert – High-Potential Luxury Opportunity! This expansive 2,896 sqft, 4-bedroom, 3-bath home with office in Palmetto is a rare gem, offering incredible potential just steps from the water. Boat slips are only 1.5 miles away, placing an amazing luxury lifestyle at your fingertips! Flooded mid-renovation, this property is primed for a profitable flip or a stunning forever home, with much of the groundwork already complete. Designed for modern living, this open-concept home seamlessly blends the kitchen, dining, and living areas—exactly what today’s buyers are looking for! At the heart of the home is an enormous owner’s suite (approximately 25’ x 15’), featuring an opulent ensuite bath and closet room (19’ x 12’), along with an attached den/study (10’ x 15’). Whether used as a private retreat, home office, nursery, or gym, this space is as functional as it is impressive. Plus, there’s easy potential to convert an additional 403 sqft into heated square footage! Key Renovations & Features: Signed county-approved architectural plans included, 2024 foundation work – joist repair & zone stabilization (transferable warranty), $14K in brand-new windows, NEW French doors, Extensive pre-flood demo completed, NEW framing & drywall work already underway, BRAND NEW re-plumb from street (2024), NEW HVAC ductwork progress, NEW rough-in electrical completed (pre-flood), NEW texture & tile work finished. Additional perks include a spacious enclosed front porch, an oversized multi-car carport, a garage that can be enclosed for additional storage, and a large private backyard with a pond feature and concrete pad—perfect for outdoor entertaining. The potential in this home is outstanding. Don’t miss out on this prime investment or luxury dream home opportunity—schedule your showing today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Palmetto
County: Manatee
Subdivision: N A Reynolds Resubdivided
Bedrooms: 4
Bathrooms: 3
Sq. Ft. Gross: 4,222
Sq. Ft. Living Area: 2,896
Cost per (heated) sqare foot: $83
Year built: 1962
Annual Tax: $4,767
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Interior Features:
- Eating Space In Kitchen
- Kitchen/Family Room Combo
- L Dining
- Living Room/Dining Room Combo
- Open Floorplan
- Primary Bedroom Main Floor
- Split Bedroom
- Thermostat
- Walk-In Closet(s)
Appliances: Electric Water Heater
Fireplace: Yes
Fireplace Features: Master Bedroom
Additional Rooms: Bonus Room, Den/Library/Office
Flooring:
- Tile
- Hardwood
Schools
Elementary School: Palmetto Elementary-MN
Middle/Junior High School: Lincoln Middle
High School: Palmetto High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction:- Stone
- Stucco
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Private Mailbox
Carport: Yes
Carport Spaces: 2
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Utilities:
- Cable Available
- Electricity Connected
- Phone Available
- Sewer Connected
- Water Connected
Sewer: Public Sewer
Water Source: Public, Well
Lot Information
Lot Size (acres): 0.28
Lot Size (sq. ft.): 12,118 square feet
Front Exposure: North
Additional Parcels Description: 2883500007
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 2883300002
Zoning: RS3
Tax Legal Desc.: LOTS 3,4 BLK 1 REYNOLDS RESUB PI#28833.0000/2
Section: 15
Range: 17
Listing courtesy of LPT REALTY, LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.