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707 40th Street W
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PRICED AT ONLY: $875,000

Address: 707 40th Street W, PALMETTO, FL 34221

Description

Discover a truly one of a kind coastal retreat in the desirable Gull Cay subdivision of Palmetto, FL! This exceptional multi level property offers endless possibilities for multigenerational living, short or long term rentals, or a conforming 4 plex investment. As you arrive, a secure gate and circular drive welcome you, surrounded by lush natural beauty and offering ample open parking. Theres generous space to park your boat, multiple cars, and even an RVwith a full hook up including 50 amp electrical servicemaking it perfect for coastal living enthusiasts. A double staircase with durable Trex composite decking leads to the elevated first level of the home, setting the tone for the character found throughout. The lower level features two separate unitsone a 1 bedroom, 1 bath studio and the other a 1 bedroom, 1 bath with a full kitchenideal for guests, extended family, or income producing opportunities. The main floor offers 3 spacious bedrooms, 2 bathrooms, a kitchen with refrigerator and stove, washer and dryer, abundant storage closets, and a versatile bonus room. Upstairs, the second level features a beautifully updated kitchen with refrigerator, stove, microwave, dishwasher, and new quartz countertops, along with a dining room, living room, 2 bedrooms, and a full bath. Outdoor living shines hererelax on the screened in patio deck or take in breathtaking panoramic views of the bayou, Terra Ceia Bay, and peaceful mangroves from the rooftop deck, where you can enjoy unforgettable Florida sunsets. With 7 bedrooms, 5 bathrooms, and 3,435 sq. ft. of living space, this remodeled property blends flexibility, comfort, and opportunity. Additional features include a new HVAC system (2024), corrugated metal roof (2005), and Bahama hurricane shutters. Ideally located near pristine Gulf beaches, marinas, waterfront dining, and with easy access to I 275 and I 75, this is a must see property for those seeking a remarkable investment or a serene coastal lifestyle in beautiful Palmetto.

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More Like This
  • MLS#: A4671780 ( Residential )
  • Street Address: 707 40th Street W
  • Viewed: 19
  • Price: $875,000
  • Price sqft: $188
  • Waterfront: No
  • Year Built: 1979
  • Bldg sqft: 4656
  • Bedrooms: 7
  • Total Baths: 5
  • Full Baths: 5
  • Days On Market: 8

Description

Discover a truly one of a kind coastal retreat in the desirable Gull Cay subdivision of Palmetto, FL! This exceptional multi level property offers endless possibilities for multigenerational living, short or long term rentals, or a conforming 4 plex investment. As you arrive, a secure gate and circular drive welcome you, surrounded by lush natural beauty and offering ample open parking. Theres generous space to park your boat, multiple cars, and even an RVwith a full hook up including 50 amp electrical servicemaking it perfect for coastal living enthusiasts. A double staircase with durable Trex composite decking leads to the elevated first level of the home, setting the tone for the character found throughout. The lower level features two separate unitsone a 1 bedroom, 1 bath studio and the other a 1 bedroom, 1 bath with a full kitchenideal for guests, extended family, or income producing opportunities. The main floor offers 3 spacious bedrooms, 2 bathrooms, a kitchen with refrigerator and stove, washer and dryer, abundant storage closets, and a versatile bonus room. Upstairs, the second level features a beautifully updated kitchen with refrigerator, stove, microwave, dishwasher, and new quartz countertops, along with a dining room, living room, 2 bedrooms, and a full bath. Outdoor living shines hererelax on the screened in patio deck or take in breathtaking panoramic views of the bayou, Terra Ceia Bay, and peaceful mangroves from the rooftop deck, where you can enjoy unforgettable Florida sunsets. With 7 bedrooms, 5 bathrooms, and 3,435 sq. ft. of living space, this remodeled property blends flexibility, comfort, and opportunity. Additional features include a new HVAC system (2024), corrugated metal roof (2005), and Bahama hurricane shutters. Ideally located near pristine Gulf beaches, marinas, waterfront dining, and with easy access to I 275 and I 75, this is a must see property for those seeking a remarkable investment or a serene coastal lifestyle in beautiful Palmetto.
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Features
Building and Construction
  • Basement: Unfinished
  • Covered Spaces: 0.00
  • Exterior Features: Lighting, Other, Rain Gutters
  • Flooring: Bamboo, Ceramic Tile, Laminate
  • Living Area: 3435.00
  • Roof: Metal
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Conservation Area, Flood Insurance Required, In County, Oversized Lot
School Information
  • High School: Palmetto High
  • Middle School: Lincoln Middle
  • School Elementary: Palm View Elementary
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Heat Pump, Ductless
  • Sewer: Public Sewer
  • Utilities: Cable Available, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Furnished: Negotiable
  • Interior Features: Built-in Features, Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)
  • Legal Description: LOT 4 GULL CAY SUB PI#23804.0025/5
  • Levels: Two
  • Area Major: 34221 - Palmetto/Rubonia
  • Occupant Type: Vacant
  • Parcel Number: 2380400255
  • Possession: Close Of Escrow
  • Style: Coastal, Elevated, Key West
  • View: Water
  • Views: 19
  • Zoning Code: RDD4.5
Nearby Subdivisions
A R Anthonys Sub Of Pt Sec1423   Acreag0001   Adworth Resubdivided   Allens Sub Of Lt Atzroths Ad T   Andress   Arbor Creek   Artisan Lakes Eaves Bend   Artisan Lakes Eaves Bend Ph 1   Artisan Lakes Eaves Bend Ph I    Artisan Lakes Eaves Bend Ph Ii   Artisan Lakes Esplanade Ph I S   Artisan Lakes Esplanade Ph Iv    Artisan Lakes Esplanade Ph V S   Bahia Vista   Bay View Park   Bay View Park Rev   Bayou Estates South   Burkes   Captains Court   Coasterra   Cove At Coasterra   Crystal Lakes   Crystal Lakes Ii   Cypress Pond Ests   East Point Ogden   Eave's Bend At Artisan Lakes   Eaves Bend At Artisan Lakes   Esthers Court   Fairway Oaks Ph 1   Fairway Oaks Ph I Ii Iii   Fairways At Imperial Lakewds1a   Fairways At Imperial Lakewoods   Fosters Creek Un 1   Fresh Meadows Ph I   Gillette Grove   Glenwood Acres   Grande Villa Estates   Gulf Bay Estates   Gulf Bay Estates Blk 3   Gulf Bay Estates Blocks 1a 1    Gulf Bay Estates Blocks 47   Gulf & Bay Estates Blk 3   Gulf & Bay Estates Blocks 1a,    Gulf & Bay Estates Blocks 4-7   Gull Cay   H W Harrison   Hammocks At Riviera Dunes   Heather Glen   Heather Glen Ph I   Heritage Bay   Imperial Lakes Estates   Imperial Lakes Residential   Imperial Ridge   Island At Riviera Dunes   J H Brunjes   J T Flemings Palmetto Sub   Jackson Crossings Ph I   Jackson Xing Ph Ii   Jet Mobile Home Park Sec One C   Lake Park   Loyd Add To Palmetto   Main Street   Mandarin Grove   Mangrove Point   Maple Ridge   Marlee Acres   Melwood Oaks Ph I   Melwood Oaks Ph Iib   Melwood Oaks Ph Iii Iv   Moss Oaks   Muellers   Neighborhood   North Orange Estates   Northshore At Riviera Dunes Ph   Not Applicable   Not On List   Oak View Ph I   Oak View Ph Iii   Oakdale Square   Old Mill Preserve Ph Ii   Palm Lake Estates   Palmetto Country Club Estates    Palmetto Estates   Palmetto Golf Corp   Palmetto Heights   Palmetto Point   Palmetto Point Add   Palmetto Skyway Rep   Palmetto Skyway Sec 1   Palms At Coasterra   Peninsula At Riviera Dunes   Pepper Grove   Pepper Grove Ph I   Piney Point   Piney Point Homeowners Co-op   Pravela   R F Willis Of Memphis   Richards   Richards Add To Palmetto   Richards Add To Palmetto Conti   Rio Vista A M Lambs Resubdivid   Riverside Park   Riverside Park Rep Of A Por   Roy Family Ranches   Sanctuary Cove   Sanctuary Cove Sub   Shadow Brook Mobile Home   Sheffield Glenn   Shell Beach Addition   Silverstone   Silverstone North   Silverstone North Ph Ia Ib   Silverstone North Ph Ic Id   Spanish Point   Stonegate Preserve   Sugar Mill Lakes   Sugar Mill Lakes Ph 1   Sugar Mill Lakes Ph Ii Iii   Sugar Mill Lakes Ph Ii & Iii   Taylors Resubdivided   Terra Ceia Bay North   Terra Ceia Manor Co-op   The Cove At Terra Ceia Bay Vil   The Greens At Edgewater   Thompson Gafner Resub   Trevesta   Trevesta Ph I-a   Trevesta Ph Ia   Trevesta Ph Ib1   Trevesta Ph Iia   Trevesta Ph Iib   Trevesta Ph Iiia   Trevesta Ph Iiic Iiid   Trevesta Ph Iiie   Tropic Isles   Villages Of Thousand Oaks Vill   Waterford Ph I Iii Rep   Welsh Memphis   Whitney Meadows   Willow Walk North   Willow Walk Ph Ib   Willow Walk Ph Iiaiibiid   Willow Walk Ph Iif Iig   Woodland Acres   Woodlawn Lakes   Woods Of Moccasin Wallow Ph I   Woods Of Moccasin Wallow Ph Ii  

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