Listing Details for MLS # A4644271
1406 5th Street W, Palmetto, Fl 34221

Residential Property - Single Family Residence in Palmetto

Listing Price: $400,000Days on Market: 1

Description of Property

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.The average asking price for a 2 bedroom/2 bath single family residence in this Zip code is $457,511. This single family residence is listed at about 87% of the average asking price. There are 11 2 bedroom/2 bath homes between $300,000 and $500,000 currently listed for sale in this Zip code. See other listings like this one »