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$800,000
New Listing

707 40TH STREET W
PALMETTO, FL 34221

For Sale|Single Family Residence|Active
5
Beds
4
Total Baths
4
Full Baths
3,435
SqFt
$233
/SqFt
1979
Built
Subdivision:
GULL CAY
County:
Manatee
Call Now: 321-804-3112
Is this the listing for you? We can help make it yours.
321-804-3112
707 40TH STREET W707 40TH STREET W707 40TH STREET W707 40TH STREET W
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Discover a rare opportunity to own a spacious two-story coastal retreat set on a private 0.70-acre lot with beautiful water and mangrove views. Filled with Old Florida character, this property features Bahama shutters, durable HardiPlank siding, and a metal roof. With **NO HOA, CDD, or deed restrictions**, the possibilities are wide open. Currently utilized as a single-family residence and zoned **RDD4.5 (Residential Duplex)**, the property offers excellent flexibility for an investment opportunity, multi-generational living arrangement, or potential multi-family use. County water and sewer add convenience, while the location provides easy access to US-41, I-275, and I-75. Bring all your toys! The expansive property provides plenty of room for boats, vehicles, and an RV, complete with **50-amp electrical service, water, and sewer hookups**. There's also space to add a pool, and the patio areas are screened for comfortable outdoor enjoyment. A gated entrance and circular driveway provide a welcoming arrival with abundant parking. Double stairs with Trex composite decking lead to the elevated first level, where you'll find **two master suites**, each offering a private en-suite bathroom, along with a washer and dryer. A kitchenette and air-conditioned bonus room with its own rear entrance add even more versatility. The second level serves as the main living space and takes full advantage of the home's elevated position and stunning views. The open living and dining areas overlook the water and flow into the primary kitchen, featuring Corian countertops and an open bar area. Two additional bedrooms and a full bathroom complete this level. The home's distinctive inverted floor plan enhances privacy, natural airflow, and the surrounding views. Outdoor living is truly exceptional. Step onto the upper patio deck and continue up to the home's **widow's walk**, where panoramic views stretch across the water and surrounding mangroves. Enjoy spectacular sunsets over the bayou leading toward Terra Ceia Bay, with the Sunshine Skyway Bridge adding to the scenic backdrop. Recent updates include **two 2.5-ton, 15-SEER HVAC systems with heat pumps installed in 2024**. Additional features include a comprehensive security system with alarms and motion-activated cameras, spiral staircase, abundant closet and under-stair storage, room-darkening shades, built-in entertainment center with roll-out shelving, large flat-screen TV with electric lift, weather station, pantry cabinetry with roll-out drawers, and a queen-size Murphy bed in one of the upstairs bedrooms. Throughout the home, you'll find bamboo, laminate, and tile flooring—no carpet! The ground level offers a spacious bonus area with two separate entrances, ready to be transformed to suit your needs, plus a separate enclosed workshop/storage room. Despite its peaceful, private setting surrounded by wildlife—including osprey, bald eagles, hawks, herons, egrets, and owls—the location is remarkably convenient. Enjoy easy access to the Sunshine Skyway Bridge, St. Petersburg, Tampa, area airports, Palmetto, and Bradenton. This one-of-a-kind coastal property offers space, flexibility, privacy, and incredible views in a location that puts everything within reach. Come see the possibilities and make this unique Florida retreat your own!

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Listing Snapshot
Price 
$800,000
Days On Site 
0 Days
Bedrooms 
5
Inside Area (SqFt) 
3,435 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.7 Acres
Year Built 
1979
MLS® Number 
TB8555834
Status 
Active
Property Tax 
$7,790
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
11 hours agoListing updated with changes from the MLS®
17 hours agoListing first seen on site
General Features
Acres 
0.7
Direction Faces 
East
Foundation 
Pillar/Post/Pier
Levels 
Two
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
4656
Utilities 
Cable AvailableElectricity Available
Water Source 
Public
Zoning 
RDD4.5
Interior Features
Appliances 
DishwasherMicrowaveRangeRefrigerator
Cooling 
Central Air
Furnished 
Unfurnished
Heating 
Central
Laundry Features 
Inside
Kitchen 
Level - First
Living Room 
Level - First
Master Bathroom 
Level - Second
Master Bedroom 
Level - Second
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Exterior Features
Construction Details 
Frame
Exterior 
Lighting
Roof 
Metal
Community Features
MLS Area 
34221 - Palmetto/Rubonia
Township 
34
Financing Terms Available 
CashConventionalFHAVA Loan
Roads 
Asphalt
Listing courtesy of REDFIN CORPORATION (813) 454-4942



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-10-08 04:56 AM EDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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