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707 40th W Street, Palmetto, FL

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$800,000

($233/sqft)

List Status: Active
707 40th W Street
Palmetto, FL 34221


5 beds
4 baths
3435 living sqft
Top Features
  • Subdivision: Gull Cay
  • Built in  1979
  • Single Family Residence
Description
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
Property Details
Property Features
Property Sub Type
Single Family Residence
County
Manatee
Subdivision
GULL CAY
Additional Information
Additional Parcels YN
false
Alternate Key Folio Num
2380400255
Appliances
Dishwasher, Microwave, Range, Refrigerator
Association YN
false
Bathrooms Total Integer
4
Building Area Source
Public Records
Building Area Total
4656
Building Area Total Srch SqM
432.56
Building Area Units
Square Feet
Calculated List Price By Calculated SqFt
232.90
Carport YN
true
Construction Materials
Frame
Cooling
Central Air
Country
US
Current Price
800000.00
Direction Faces
East
Exterior Features
Lighting, Sidewalk
Fireplace YN
false
Flood Zone Code
AE
Flood Zone Date
2021-08-10
Flood Zone Panel
12081C0162F
Flooring
Luxury Vinyl
Foundation Details
Pillar/Post/Pier
Furnished
Unfurnished
Garage YN
false
Heating
Central
Interior Features
Ceiling Fans(s), Thermostat
Internet Address Display YN
true
Internet Automated Valuation Display YN
true
Internet Consumer Comment YN
false
Internet Entire Listing Display YN
true
Laundry Features
Inside
Levels
Two
List AOR
Suncoast Tampa
Living Area Meters
319.12
Living Area Source
Public Records
Living Area Units
Square Feet
Lot Size Acres
0.7
Lot Size Square Feet
30448
Lot Size Square Meters
2829
Modification Timestamp
2026-10-07T21:52:18.045Z
New Construction YN
false
Occupant Type
Vacant
Ownership
Fee Simple
Parcel Number
2380400255
Pool Private YN
false
Postal Code Plus 4
9740
Public Survey Range
17
Public Survey Section
02
RATIO Current Price By Calculated SqFt
232.90
Road Surface Type
Asphalt
Roof
Metal
Room Count
4
SW Subdiv Community Name
Gull Cay Subdivision
Senior Community YN
false
Sewer
Public Sewer
Showing Requirements
Combination Lock Box
Status Change Timestamp
2026-10-07T16:14:22.000Z
Tax Annual Amount
7790
Tax Book Number
19-135
Tax Legal Description
LOT 4 GULL CAY SUB PI#23804.0025/5
Tax Lot
4
Tax Year
2025
Total Acreage
1/2 to less than 1
Total Annual Fees
0.00
Total Monthly Fees
0.00
Township
34
Universal Property Id
US-12081-N-2380400255-R-N
Unparsed Address
707 40TH ST W
Utilities
Cable Available, Electricity Available
Water Source
Public
Waterfront YN
false
Zoning
RDD4.5
Neighborhood Map
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MLS #MFRTB8555834 Listing courtesy of Redfin Corporation provided by Stellar MLS.

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All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer 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. The source of the listing data is as follows: Stellar MLS (updated 10/7/26 7:03 PM) |

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