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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 duplex 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 fully finished studio attached to the oversized garage, complete with its own bathroom and mini-split A/C, previously used as a commercial kitchen. 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.
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Our Executive Mortgage Banker:
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$725,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $580,000 | $580,000 | $580,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.583% | 6.533% | 5.764% |
| Monthly Tax Payment | $519 | $519 | $519 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,431 | $3,618 | $4,736 |
| Total Monthly Payment | $4,042 | $4,229 | $5,347 |
* 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.