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Overview

5 bd4 ba3,435 sqftSingle Family
TypeSingle Family
HOANone listed
Built1979
Lot30,448 sqft
Living area3,435 sqft
Price / sqft$233

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

About this home

Ceiling Fans(s)ThermostatLightingSidewalkDishwasherMicrowaveRangeRefrigerator

707 40th St W is a 1979-built home in Gull Cay, Palmetto. Inside you'll find 5 bedrooms, 4 bathrooms, and 3,435 square feet of living space. Listed at $800,000 (about $233/sqft), 1 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Discover a rare opportunity to own a spacious two-story coastal retreat set on a private 0.70-acre lot with beautiful water and mangrove views. Filled with Old Florida character, this property features Bahama shutters, durable HardiPlank siding, and a metal roof. With **NO HOA, CDD, or deed restrictions**, the possibilities are wide open. Currently utilized as a single-family residence and zoned **RDD4.5 (Residential Duplex)**, the property offers excellent flexibility for an investment opportunity, multi-generational living arrangement, or potential multi-family use. County water and sewer add convenience, while the location provides easy access to US-41, I-275, and I-75. Bring all your toys! The expansive property provides plenty of room for boats, vehicles, and an RV, complete with **50-amp electrical service, water, and sewer hookups**. There's also space to add a pool, and the patio areas are screened for comfortable outdoor enjoyment. A gated entrance and circular driveway provide a welcoming arrival with abundant parking. Double stairs with Trex composite decking lead to the elevated first level, where you'll find **two master suites**, each offering a private en-suite bathroom, along with a washer and dryer. A kitchenette and air-conditioned bonus room with its own rear entrance add even more versatility. The second level serves as the main living space and takes full advantage of the home's elevated position and stunning views. The open living and dining areas overlook the water and flow into the primary kitchen, featuring Corian countertops and an open bar area. Two additional bedrooms and a full bathroom complete this level. The home's distinctive inverted floor plan enhances privacy, natural airflow, and the surrounding views. Outdoor living is truly exceptional. Step onto the upper patio deck and continue up to the home's **widow's walk**, where panoramic views stretch across the water and surrounding mangroves. Enjoy spectacular sunsets over the bayou leading toward Terra Ceia Bay, with the Sunshine Skyway Bridge adding to the scenic backdrop. Recent updates include **two 2.5-ton, 15-SEER HVAC systems with heat pumps installed in 2024**. Additional features include a comprehensive security system with alarms and motion-activated cameras, spiral staircase, abundant closet and under-stair storage, room-darkening shades, built-in entertainment center with roll-out shelving, large flat-screen TV with electric lift, weather station, pantry cabinetry with roll-out drawers, and a queen-size Murphy bed in one of the upstairs bedrooms. Throughout the home, you'll find bamboo, laminate, and tile flooring—no carpet! The ground level offers a spacious bonus area with two separate entrances, ready to be transformed to suit your needs, plus a separate enclosed workshop/storage room. Despite its peaceful, private setting surrounded by wildlife—including osprey, bald eagles, hawks, herons, egrets, and owls—the location is remarkably convenient. Enjoy easy access to the Sunshine Skyway Bridge, St. Petersburg, Tampa, area airports, Palmetto, and Bradenton. This one-of-a-kind coastal property offers space, flexibility, privacy, and incredible views in a location that puts everything within reach. Come see the possibilities and make this unique Florida retreat your own!

The essentials

Built
1979
Price / sqft
$233
On market
2 days
Annual tax
$7,790
Flood zone
AE
Lot
30,448 sqft
Type
Single Family Residence

At a glance

Single family
Built 1979
0.70 acres
Lot size
3,435 sqft
Living area

Payment

Est. monthly payment
$5,221/mo
Down payment (20%)
$160,000
Property taxes
$649/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1979
Lot
30,448 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
2
Ceiling Fans(s)
Thermostat
Lighting
Sidewalk
Dishwasher
Microwave
Range
Refrigerator
Flood Zone AE
Annual Tax (2025)
$7,790
Parcel #
2380400255

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
Gull Cay
County
Manatee
MLS Area
34221 - Palmetto/Rubonia
Lot Size
30,448 sqft

Price history

Date
Event
Price
10/7/2026
Listed for sale
Source: Stellar MLS #TB8555834
$800,000
$233/sqft

Neighborhood

707 40th St W
Palmetto, FL, 34221 · 34221 - Palmetto/Rubonia

Market insights

Offer Insights

Choose an offer strength

List price: $800,000
$790,000 – $800,000
98.8% – 100% of listTops out right at the list price
80% of listList price
222 of the last 442 home closings in 34221 landed at this number or higher (50%). The median one sat 46 days before it went under contract, and this one is on day 2.

Sample: 442 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
$5,221/mo
Principal & interest$4,172
Property taxes$649
Insurance$400
Down payment20% · $160,000
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

$800,000

$233 per sq ft

Beds and baths

5 beds, 4 baths

Size

3,435 sq ft

Time on market

2 days

Year built

1979

Monthly payment

About $5,221/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $7,790 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

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Brokered byREDFIN CORPORATIONListing agent: Kevin MizeListing data from Stellar MLS, MLS# TB8555834.

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