40 SHADY LANE, #40, Palmetto, FL, 34221 | $205,000

Here’s your opportunity to retire in Leisure Lake! This stunning 2018 Jacobsen manufactured home offers 1, 164 square feet of living space with 2 bedrooms and 2 bathrooms. Situated in the vibrant 55+ community of Leisure Lake Coop in Palmetto, FL, this home is the epitome of carefree, resort-style living. The open-concept design features luxury vinyl plank flooring, a welcoming foyer, and a dining area that flows seamlessly into the well-appointed kitchen. Granite countertops, a large island, and like-new appliances create a chef's dream, while crown molding adds a touch of elegance throughout. Retire in comfort in the spacious primary suite, complete with a walk-in closet and a luxurious en-suite bathroom with dual sinks. A laundry room, a massive screened-in front porch, and an attached shed equipped with a wall unit A/C provide added convenience and functionality. Offered partially furnished, this home allows you to move right in and start enjoying the resort-style amenities that Leisure Lake features. Soak up the sun at the heated saltwater pool, challenge your neighbors to a game of tennis, pickleball or shuffleboard, or cozy up with a good book in the community library. With a calendar full of activities, you'll never have a dull moment. There is no lot rent. Just a low monthly maintenance fee of just $212, which includes water, sewer, trash, and lawn maintenance, this home offers unbeatable value. Conveniently located just north of Historic Palmetto and close to Anna Maria Island and other beaches, shopping, restaurants, airports and major highways, this home puts you at the center of it all. Don't miss your chance to experience the ultimate in 55+ living – Check out the virtual tour link and schedule your private showing today!

Features

  • Amenities: Clubhouse, Fence Restrictions, Fitness Center, Pickleball Court(s), Pool, Recreation Facilities, Shuffleboard Court, Tennis Court(s)
  • Rooms: 9
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Year Built: 2018
  • Heating: Central, Electric, Heat Pump, Wall Units / Window Unit
  • Cooling: Central Air, Wall/Window Unit(s)
  • Approx Sq. Feet: 1,164
  • Acreage: 0.08
  • Est. Taxes: $1,760
  • HOA Fee: $212 Monthly
  • Adult Communities: Yes
  • Pet Policy: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
  • MLS#: A4686496
  • Days on Market: 32 days
  • Website: https://www.raveis.com
    /prop/A4686496/40shadylane_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 5/16/2026 9:47:07 AM)
Listing courtesy of KELLER WILLIAMS ON THE WATER   Phone: 941-729-7400

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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40 SHADY LANE, #40, Palmetto, FL, 34221

$205,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $164,000 $164,000 $164,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.133% 6.739% 5.952%
Monthly Tax Payment $147 $147 $147
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $944 $1,050 $1,362
Total Monthly Payment $1,166 $1,272 $1,584

* 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.