$8,312

closing credit¹

707 40th St W Palmetto, FL 34221

$699,999
4 beds
3 full
3,435 sqft
0.7 acres
$204 / sqft
House

Property details

About 707 40th St W

UNIQUE & RARE OPPORTUNITY -spacious two-story coastal home with ground level BONUS space embodies the essence of Old Florida charm with its Bahama shutters, durable HardiPlank siding and METAL ROOF. The home is perfectly situated on a private 0.70 acre lot, enticing for any outdoor enthusiast. There are NO HOA, CDD or DEED RESTRICTIONS, allowing unparalleled flexibility. The property's current use is SFR (Single Family Residential) and Zoning is RDD4.5 (RES. DUPLEX) which presents an exceptional opportunity for Rental Income Investment, Multi-Gen living or potential Multi-Family use, all within the convenience and easy access to US-41, I-275 & I-75. County water and sewer utilities eliminate the hassle of dealing with private systems. BRING YOUR TOYS! Ample space is available to park your boat, cars and RV with complete hook-up including 50 AMP ELECTRICAL SERVICE, WATER & SEWER. If you desire, there is room to add a pool, and ALL PATIO areas are screened enclosed for your comfort. This home allows you to enjoy the best of both worlds - peaceful seclusion yet close proximity to vibrant city life. Ideal location just minutes away from the Sunshine Skyway bridge, easy commute to St. Pete, Tampa, local airports, or head south to quaint downtown Palmetto & Bradenton. Surrounded by nature, your only neighbors will be majestic osprey, bald eagles, hawks, herons, egrets, and owls. As you arrive, a secure gate and circular drive welcome you, providing ample open parking. A double staircase with Trex composite decking leads to the elevated first level of the home. Inside you will discover TWO MASTER BEDROOMS, each with its own En Suite Bath PLUS washer & dryer. A kitchenette and AC bonus room with a separate rear entrance offer versatility and convenience. Journey to the second level and be greeted by the MAIN LIVING & DINING AREAS, which overlook the gorgeous water views, a Primary KITCHEN with Corian tops and open bar area. TWO ADDITIONAL BEDROOMS and a FULL BATH complete this level. The unique inverted floor plan maximizes views, cross ventilation, privacy, and quiet living. The home is equipped with TWO -2.5 TON, 15 SEER AC Units with heat pumps (installed 2024). Step onto the upper exterior patio deck and be whisked away to a WIDOW'S WALK atop the two-story home, offering PANORAMIC VIEWS of the WATER and mangroves. Bask in the tranquility as you enjoy breathtaking SUNSETS overlooking the bayou which leads out to TERRA CEIA BAY, along with views of the Sunshine Skyway bridge. A comprehensive home security system with alarms and motion-activated cameras ensures peace of mind. Additional features include a spiral staircase, generous amounts of closet space and storage under stairs, room-darkening shades, a built-in entertainment center with roll-out shelving, large flat-screen TV with an electric lift, a weather station, kitchen pantry cabinet with roll out drawers, and a queen size murphy bed in upstairs bedroom. Say goodbye to carpets as this home features bamboo flooring, laminate, and tile throughout. The ground floor is a BONUS SPACE with two separate entrances. A blank canvas waiting for your ideas and new design inspiration. Additionally, there's a separate enclosed workshop/storage room. Don't miss your chance to experience the allure of this truly special, unique coastal retreat. You new adventure begins now! Schedule a tour today!

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric, Heat Pump, Window Unit(s)
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Size3,435 sqft
Lot size0.7 Acres
Year built1979
MLS #A4633716
ViewWater

Virtual tour

Summary

  • MLS Number: A4633716
  • MLS Name: MFRMLS
  • Office Name: FINE PROPERTIES
  • Office Phone: (941) 782-0000
  • Listing Agent: Helaine Giddens

IDX 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.

IDX 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: 1/20/2025, 5:19:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of back of property

$699,999

707 40th St W

$8,312

closing credit¹

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Price information

Property sales

DateEventPrice
Sep 07, 2001
Home Sold
$185,000

Tax history

YearAssessmentProperty Tax
2020$126,235$1,470
2018$121,096$1,303
2017$118,605$1,303

History based on county public records data.

Nearby schools

7

James Tillman Elementary School

Public Magnet PK-5

1.4 mi

1415 29th St E

5

Palmetto Elementary School

Public District PK-5

2.1 mi

1540 10th St W

5

Blackburn Elementary School

Public District PK-5

3.1 mi

3904 17th St E

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $50,071. The most common annual income of people living in Palmetto, FL is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

33%
<35k
39%
35k-100k
23%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

38%
Single, No Kids
8%
Single, with Kids
36%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
16%
18-34 yrs old
49%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Horse RacesHorse Races
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Chico'sChico's
  • Stein MartStein Mart
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • LongHorn SteakhouseLongHorn Steakhouse
  • ChipotleChipotle

What do the neighbors drive?

  • BuickBuick
  • MazdaMazda
  • HyundaiHyundai

What do the neighbors listen to?

  • Soft Adult ContemporarySoft Adult Contemporary
  • Contemporary InspirationalContemporary Inspirational
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 707 40th St W

This home is located at 707 40th St W in Palmetto, FL and zip code 34221. This 3,435 square foot home, which was built in 1979, sits on a 0.70 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 6, 2025 and is currently priced at $699,999.

In December 2024 more than 9 listings in Palmetto, FL were sold above the asking price. During the same period more than 36 listings were sold at asking price, while more than 50 were sold below. The inventory of homes for sale in Palmetto, FL between November and December 2024 decreased by 0.8%. The median list price of listings available in December 2024 was $386,245, while the average time on the real estate market was 72 days.

From Rocket Homes Real Estate and based on county public records data.

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