Tour
$4,382 Closing Credit¹
#A4633097, Emily Jerrehian, Listing Office: EXP REALTY LLC
$370,000 List price
1406 5th St W Palmetto, FL 34221
$4,394
Closing credit¹
2 beds
2 full
1,675 sqft
0.3 acres
$221 / sqft
House
Property details
About 1406 5th St W
One or more photo(s) has been virtually staged. Welcome to the "Castles by the Sea" — a rare opportunity to own two 1925 homes in Historic Palmetto. Nestled on a generous lot, these castle-like properties combine timeless 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 house exudes charm, featuring a cozy wood-burning fireplace, a bright breakfast nook, and spacious living areas that seamlessly blend historic character with modern potential. With one bedroom and one bathroom, this home provides a perfect canvas to embrace the elegance of the 1920s while adding your personal touches and modern updates. Equally enchanting, the guest house offers a versatile studio layout with its own private driveway, full kitchen, and bathroom. The property is free from rental restrictions, allowing for short-term rentals — a lucrative opportunity for income generation. Perfectly situated just minutes from the scenic Manatee River, vibrant shopping, dining, and entertainment options, and offering easy access to the thriving cities of Bradenton, St. Pete, and Sarasota, the "Castles by the Sea" present an ideal combination of historic living and modern convenience.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size1,675 sqft
Lot size0.31 Acres
Year built1925
ParkingDriveway
MLS #A4644271
FireplaceLiving Room
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Flooring Type: Laminate, Tile, Wood
- Interior: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Window Treatments
- Fireplace: Living Room
- Total Bedroom Count: 2
- Private Pool: No
- Parking: Driveway
- Exterior: French Doors, Private Mailbox
- Architectural Style: Historic
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $370,000
- Price/SqFt: $220
- Annual Tax Amount: $1,444
- Tax Year: 2023
- Lot: Historic, City Lot, Oversized Lot, Sidewalk
- Directions: From I-75, take Exit 224 (US-301) W towards Palmetto. Follow US-301 and then continue onto 10th St W. Turn left onto 14th Ave W. then make a right onto 5th St W and destination is second property on the right.
- Year Built: 1925
- Stories: 1
- Living Area: 1,675 SqFt
- Lot Size: 0.31 Acres
- MLS Number: A4644271
- MLS Name: MFRMLS
- Office Name: KW COASTAL LIVING III
- Office Phone: (941) 900-4151
- Listing Agent: Toni Zarghami
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2025, 9:19:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$370,000
1406 5th St W
$4,394
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $98,706 | $1,444 |
| 2022 | $93,565 | $1,358 |
| 2021 | $80,685 | $1,358 |
| 2020 | $89,583 | $1,355 |
| 2018 | $83,811 | $1,179 |
| 2017 | $79,093 | $1,179 |
History based on county public records data.
Nearby schools
4
Palmetto Elementary School
Public District PK-5
0.5 mi
•1540 10th St W
4
Ballard Elementary School
Public Magnet PK-5
1.7 mi
•912 18th St W
6
Jessie P. Miller Elementary School
Public District PK-5
2.0 mi
•601 43rd St W
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,394. The majority of Palmetto, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
29%
<35k
60%
35k-100k
11%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
10%
Single, with Kids
33%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
17%
18-34 yrs old
46%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Horse Races
PGA/LPGA
Pro Boxing
Where do the neighbors shop?
Stein Mart
Chico's
Family Dollar
Where do the neighbors go to eat?
LongHorn Steakhouse
Cracker Barrel
White Castle
What do the neighbors drive?
Buick
Chevrolet
Oldsmobile
What do the neighbors listen to?
Contemporary Inspirational
Soft Adult Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1406 5th St W
The listing price of 1406 5th St W property is $370,000.
The property 1406 5th St W is a house located in Palmetto, Florida, 34221.
Active Listing: 1406 5th St W is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1406 5th St W are: Palmetto Elementary School (GreatSchools Rating 4/10), Ballard Elementary School (GreatSchools Rating 4/10), Jessie P. Miller Elementary School (GreatSchools Rating 6/10), Just for Girls Middle School (GreatSchools Rating 2/10), Palmetto Charter School (GreatSchools Rating 9/10), Rowlett Middle Academy (GreatSchools Rating 8/10), Palmetto High School (GreatSchools Rating 3/10), Manatee Virtual Franchise (Etech School of Manatee) (GreatSchools Rating 3/10), Manatee High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,444 (source: MLS/based on county public records data).
The property at 1406 5th St W has 2 bedrooms and 2 bathrooms.
The property 1406 5th St W is 1,675 SqFt (source: MLS/tax record).
The year of construction for 1406 5th St W is 1925.
This home is located at 1406 5th St W in Palmetto, FL and zip code 34221. This 1,675 square foot home, which was built in 1925, sits on a 0.31 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $370,000.
In April 2025, from all listings sold in Palmetto, FL there were more than 2 sold above asking price, over 63 sold below and more than 26 were sold right at the asked price. In April 2025 in Palmetto, FL there were 0.2% more homes for sale than in March. In April 2025, listings were on the market for 76 days. During the same period, the median list price in this real estate market was $379,998.
From Rocket Homes Real Estate and based on county public records data.