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Overview

3 bd3 ba1,693 sqft2 car garageSingle Family
TypeSingle Family
HOANone listed
Built1905
Lot14,784 sqft
Living area1,693 sqft
Price / sqft$233
Garage2 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Kitchen/Family Room ComboPrimary Bedroom Main FloorSplit BedroomThermostatVaulted Ceiling(s)BalconyOutdoor ShowerPrivate Entrance

502 7th Ave W is a 1905-built home in Willis Add To Palmetto Continued, Palmetto. Inside you'll find 3 bedrooms, 3 bathrooms, and 1,693 square feet of living space. Listed at $395,000 (about $233/sqft), 61 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Welcome to 502 7th Avenue West, a classic, well-built 3-bedroom, 2.5-bathroom home situated on a spacious corner lot in a quiet Palmetto neighborhood with wonderful neighbors. Designed with a functional layout where every detail has been thoughtfully considered, the home features expansive living space, a large kitchen, a whole-house water filtration system, and a dedicated kitchen reverse osmosis system. The outdoor setup is a real standout, featuring a private backyard with a convenient outdoor shower, no HOA or CDD fees, and an oversized detached 2-car garage offering ample space for vehicles and additional storage. Additionally, RV and boat owners will appreciate the convenience of dedicated parking without deed restrictions, and those with entrepreneurial spirits will find the zoning conducive to running a home-based business. Located just a couple of minutes from the Manatee River and local boat ramps, you are blocks from historic downtown Palmetto with quick access to US-41 and I-75 for easy drives to Bradenton, Sarasota, St. Petersburg, and nearby Gulf beaches—so whether you're searching for a charming forever home, a savvy live/work investment, or a turnkey B&B with an established track record, this one-of-a-kind property delivers it all!

The essentials

Built
1905
Price / sqft
$233
On market
61 days
Annual tax
$6,210
Flood zone
X · Low risk
Lot
14,784 sqft
Type
Single Family Residence

At a glance

Single family
Built 1905
2 car garage
Boat
0.34 acres
Lot size
1,693 sqft
Living area

Payment

Est. monthly payment
$2,775/mo
Down payment (20%)
$79,000
Property taxes
$518/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1905
Lot
14,784 sqft
Cooling
Central Air
Heating
Central
Parking
Boat, Driveway, Garage Door Opener, Oversized, Parking Pad, Workshop in Garage
Days on Market
61
Kitchen/Family Room Combo
Primary Bedroom Main Floor
Split Bedroom
Thermostat
Vaulted Ceiling(s)
Balcony
Outdoor Shower
Private Entrance
Private Yard
Sidewalk
Dishwasher
Dryer
Electric Water Heater
Freezer
Kitchen Reverse Osmosis System
Microwave
Range
Refrigerator
Washer
Water Filtration System
Elementary
Palmetto Elementary-MN
Middle
Lincoln Middle
High
Palmetto High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone X
Annual Tax (2025)
$6,210
Parcel #
2778100004

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Willis Add To Palmetto Continued
County
Manatee
MLS Area
34221 - Palmetto/Rubonia
Lot Size
14,784 sqft

Price history

Date
Event
Price
8/18/2026
Listed for sale
Source: Stellar MLS #TB8539476
$395,000
$233/sqft

Neighborhood

502 7th Ave W
Palmetto, FL, 34221 · 34221 - Palmetto/Rubonia

Market insights

Offer Insights

Choose an offer strength

List price: $395,000
$390,000 – $395,000
98.8% – 100% of listTops out right at the list price
80% of listList price
234 of the last 464 home closings in 34221 landed at this number or higher (50%). The median one sat 47 days before it went under contract, and this one is on day 61.

Sample: 464 closed home sales in 34221 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$2,775/mo
Principal & interest$2,060
Property taxes$518
Insurance$198
Down payment20% · $79,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$395,000

$233 per sq ft

Beds and baths

3 beds, 3 baths

Size

1,693 sq ft

Time on market

61 days

Year built

1905

Monthly payment

About $2,775/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $6,210 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byMARK SPAIN REAL ESTATEListing agent: Molly NelsonListing data from Stellar MLS, MLS# TB8539476.

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