2 days on RocketTour
$4,988 Closing Credit¹
#C7508485, Gibson Eagle, Listing Office: MAXIM LLC
$400,000 List price
1406 5th St W Palmetto, FL 34221
$4,750
Closing credit¹
2 beds
2 full
1,675 sqft
0.3 acres
$239 / 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
- MLS Number: A4644271
- MLS Name: MFRMLS
- Office Name: KW COASTAL LIVING III
- Office Phone: (941) 900-4151
- Listing Agent: Toni Zarghami
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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: 4/14/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$400,000
1406 5th St W
$4,750
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
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 most common annual income of people living in Palmetto, FL is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
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
Similar homes for sale
Tour
$4,928 Closing Credit¹
#A4642780, Courtney Brown PLLC, Listing Office: FINE PROPERTIES
Tour
$5,213 Closing Credit¹
#A4634586, Jesse Brisson, Listing Office: KELLER WILLIAMS ON THE WATER
4 days on RocketTour
$4,596 Closing Credit¹
#A4648288, Douglas Clark, Listing Office: EXIT KING REALTY
Tour
$4,382 Closing Credit¹
#A4633097, Emily Jerrehian, Listing Office: EXP REALTY LLC
Tour
$4,750 Closing Credit¹
#A4642139, Chris Marion, Listing Office: FINE PROPERTIES
1 day on Rocket
$5,878 Closing Credit¹
#A4647964, Adele Holland, Listing Office: ISLAND REAL ESTATE-ANNA MARIA
$3,680 Closing Credit¹
#A4642246, Connor Hoehne, Listing Office: KINGSTON REALTY
Tour
$4,156 Closing Credit¹
#A4639322, Carly Heiser, PLLC, Listing Office: LESLIE WELLS REALTY, INC.
Tour
$5,699 Closing Credit¹
#TB8334498, Celia Petters, PA, Listing Office: COLDWELL BANKER REALTY
Frequently asked questions
About 1406 5th St W
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 $400,000.
Over 5 listings were sold over their listed price in March 2025 in Palmetto, FL. In the same period over 57 listings were sold below the listed price and 14 listings were sold for the listed price. The number of listings in Palmetto, FL increased by 1.4% between February and March 2025. In March 2025 median list price was $381,621 and the average listing age was 66 days.
From Rocket Homes Real Estate and based on county public records data.