2114 5TH STREET E, Palmetto, FL, 34221 | $638,000

Check out one of the best values in Sanctuary Cove right now, your opportunity to own in a million-dollar boating community without the million-dollar price tag!
RARE OPPORTUNITY to purchase a private boat slip and lift. Avoid potential wait times and step directly into the waterfront lifestyle.
Now easy to show and ready for its next owner, this home may qualify for a 1% rate reduction with preferred lender, subject to buyer qualification, ask for details. Seller open to offers.
This contemporary 3 bedroom, 3. 5 bath home is located in the gated, resort style boating community of Sanctuary Cove, one of the most desirable communities with close access to the Intracoastal. A rare advantage for waterfront living, this home is located in a more favorable flood zone designation compared to some waterfront properties. This home has never flooded.
Inside, you will find a bright open layout with elevated finishes including tray ceilings, quartz countertops throughout, 42 inch gray cabinetry, and a stunning kitchen featuring a counter height island, natural gas cooktop, built in wall oven, and convection microwave. A standout upgrade, the quartz backsplash extends seamlessly to the ceiling, creating a clean, modern, luxury feel.
The spacious primary suite offers an expansive walk-in closet with room for additional storage or dressing space, along with an oversized walk- in shower designed for comfort. A flexible den or dining space allows for a potential fourth bedroom, while a private front bedroom and full bath provide the perfect setup for guests or multi-generational living.
Step outside to your tropical backyard with palm lined privacy, pre plumbed for an outdoor kitchen, and room to create your own pool retreat. Lawn maintenance is included, making this a true low maintenance lifestyle.
Sanctuary Cove delivers a resort style experience with an 8, 600 sq ft clubhouse, fitness center with water views, resort style pool and spa, grilling areas, and a vibrant social calendar. Residents also enjoy access to a private marina and a community beach on the Manatee River, perfect for kayaking, relaxing, or sunset evenings.
Located directly across from Detwiler’s Farm Market and prime location to Anna Maria Island, Bradenton, Sarasota, St. Pete, and Gulf beaches.
Offered without the boat slip, with the option to purchase separately, giving you flexibility to customize your lifestyle investment!
Schedule your private showing and discover why this is one of the best values in Sanctuary Cove today!

Features

  • Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Spa/Hot Tub
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Year Built: 2020
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,319
  • Acreage: 0.15
  • Est. Taxes: $7,351
  • HOA Fee: $393 Quarterly
  • Lot Desc: Near Marina
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator
  • MLS#: A4637532
  • Days on Market: 423 days
  • Website: https://www.raveis.com
    /prop/A4637532/21145thstreete_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 3/31/2026 10:17:09 PM)

William Raveis Family of Services

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Russell BaboffVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1014636

860.463.1745

Russell.Baboff@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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2114 5TH STREET E, Palmetto, FL, 34221

$638,000

Keri + Sarah Team

Sales Associates

William Raveis Real Estate

Phone: 860.989.1975

KeriAndSarah@raveis.com

Russell Baboff

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.463.1745

Russell.Baboff@raveis.com

NMLS Mortgage Loan Originator ID 1014636

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $510,400 $510,400 $510,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.395% 6.545% 5.900%
Monthly Tax Payment $613 $613 $613
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,060 $3,184 $4,204
Total Monthly Payment $3,765 $3,889 $4,909

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.