***RECENT APPRAISAL HAS BEEN COMPLETED***Welcome to a remarkably versatile property designed for multi-generational living or excellent rental income potential, ideally located in the heart of Palmetto. This unique property features multiple separate living areas, each thoughtfully updated and full of character, offering both flexibility and modern comfort. The property also includes a spacious 1,200 sq ft ADU with its own private entrance, in addition to the three other units. The main unit has been tastefully updated with new vinyl flooring, a spacious living room, and a truly impressive kitchen. Renovated in 2022, the kitchen showcases new cabinetry with soft-close doors and drawers, a rare 100-year-old porcelain farmhouse sink, a Zelline gas stove, butcher block accents, and a striking 5’ x 10’ birch wood island that serves as the centerpiece for cooking and gathering. A new dishwasher (installed Nov. 2025) adds modern convenience, while salvaged antique lighting and thoughtful architectural details lend a warm, vintage character throughout. Just off the back of the main unit is a generously sized storage room, currently cooled by a window unit rather than central AC. This flexible space offers potential for use as a hobby room, workshop, or additional bonus area depending on your needs. The second unit offers its own private entrance, new tile flooring, newer stainless steel appliances, and tasteful updates including fresh subway tile in the bathroom ideal for guests, extended family, or tenants seeking a comfortable and functional layout. Additional flexible spaces include an efficiency studio with a kitchenette, full bathroom, and Murphy bed, making it perfect for guests, a home office, or a rental. The property also offers a flex space adjacent to the garage with a commercial kitchen and mini split A/C, which offers great opportunity. The large garage itself features a 20-foot door, a workshop area, interior storage rooms, and a shared laundry area accessible to all living spaces. Impressive structural and mechanical upgrades include a new roof (2025), two A/C units less than three years old, and a Tesla solar system with upgraded inverters, two batteries, and a 15-year transferable warranty. This solar setup keeps electric costs extraordinarily low while adding long-term value and energy efficiency. Outdoors, enjoy an 8-foot privacy-fenced patio, fruit trees, sunny relaxation areas, and shaded nooks for comfort throughout the day. A breezeway offers extra storage, and the included zero-turn Toro mower makes maintaining the grounds effortless. With no HOA, there is complete freedom to park a boat, RV, or additional vehicles right on the property. This location is exceptional just minutes from the Manatee County Fairgrounds, making it ideal for seasonal visitors, vendors, or those who enjoy local events and community activities. The property is also close to Palmetto High School, Lincoln Middle School, and other local schools, offering added convenience for families. For recreation and lifestyle, you’re just moments away from Snead Island, marinas, parks, historic sites, shopping, dining, and the scenic waterfront. Whether you’re seeking a home with room for extended family, income-producing units, or simply a spacious and adaptable living arrangement, this Palmetto property stands out as a truly rare opportunity.