IDX

Listed by Kevin Mize · Courtesy of REDFIN CORPORATION · Agent MLS ID# MFR260036211 · Deemed reliable but not guaranteed. · Listing updated: Oct 8, 2026 · 10:48 AM

707 40TH ST W

Palmetto, Manatee, FL, 34221

Active

$800,000

$233/sqft

5Beds
4Baths
3,435Sq Ft
1979Built
1Days on Market

About this home

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!

Facts & Features

MFRTB8555834
$800,000
Active
5
4
4
0
3,435 sqft
0.7000
1979
Residential
Single Family Residence
N/A

Community Information

707 40TH ST W
Gull Cay
Palmetto
Manatee
FL
34221
No

Amenities

N/A
N/A
No
No
No

Interior

Ceiling Fans(s), Thermostat
Central
Central Air
Luxury Vinyl
N/A
N/A
Dishwasher, Microwave, Refrigerator, Range

Exterior

Lighting, Sidewalk
Frame
Pillar/Post/Pier
Metal
N/A
N/A

School Information

N/A
N/A
N/A

Additional Information

October 7, 2026
1
RDD4.5
East
No

Mortgage Calculator

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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. REDFIN CORPORATION is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

1 day on market

Listing updated: Oct 8, 2026 · 10:48 AM

Listed by: Kevin Mize · 813-454-4942—REDFIN CORPORATION · 617-458-2883

Updated from Real Estate Market Data

Location

Ahmed ElbatrawyAhmed ElbatrawyEmpire Network Realty

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