tomo logo

$785,000

Beds
3
Baths
3.5
sq ft
2,319

2114 5th St E, Palmetto, FL 34221

2114 5th St E

PALMETTO, FL 34221

  • 29 days on market
    • Price drop $15,000↓
Rare to find a home with a boat slip included at this price! This stunning 3-bedroom, 3.5-bathroom contemporary home in the highly sought-after Sanctuary Cove community offers the perfect blend of luxury and coastal lifestyle, complete with a boat slip with a lift. No need to worry about lawn maintenance; association takes care of it all for you! Never flooded and not in flood zone AE, providing peace of mind. This home is surrounded by over million-dollar properties, offering an incredible opportunity to enjoy the waterfront lifestyle. Less than two blocks from the marina and main amenities, you'll appreciate the easy convenience of accessing all that this vibrant community has to offer. Association offers resort-style amenities, including a clubhouse with billiards and social gathering spaces, a resort-style swimming pool and hot tub, a state-of-the-art fitness center with breathtaking water views, and a private beach for peaceful moments or fun activities like paddleboarding, kayaking, and Zumba. Check out the beautiful palm trees in the backyard, delivering a tropical paradise feel while offering privacy. Inside, the home features a gourmet kitchen with quartz countertops and matching backsplash, a massive walk-in closet often mistaken for a home office, and an extra dining or office den area that you can keep as is or explore converting into a fourth bedroom. The oversized shower is a luxurious highlight, and outdoor enthusiasts will love the pre-installed hookups for an outdoor kitchen and ample space to add a private pool. This home offers the flexibility to create privacy for a bedroom and bathroom in the front of the home, away from the primary suite in the back, making it an ideal multi-generational living option for those who crave an optional mother-in-law style setup. Where else can you find a home of this caliber with a boat slip at such an incredible value? Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$737,972

Lot size

6,499 sq ft

Price per sq ft

$339

Year built

2020

Annual property taxes

$7,351.38

Monthly HOA fee

$420

Price History

02/11/2025
StellarMLS

StellarMLS #A4637532

Price change
$785,000
-1.88%
01/24/2025
StellarMLS

StellarMLS #A4637532

Listed
$800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Fitness Center, Pool, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$366,931
Asking price
$785,000
Closing costs (~8% of asking)
-$62,800
Est. remaining loan balance
-$355,269
Cash to seller
$366,931

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Eagle Home Mortgage Llc

Loan start date

April 2020

Original loan amount

$394,763

Est. remaining balance

$355,269

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Evan D Peterson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/22/2025 at 6:10 PM

Listing updated: 02/15/2025 at 2:42 PM

Listed by: Jessica Peterson, EXP REALTY LLC Phone #: (888) 883-8509

MLS: StellarMLS #A4637532

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