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Welcome to 5403 Palmetto Point Drive, a beautifully renovated TURNKEY canal-front waterfront home offering 2,468 square feet of Florida coastal living. This 3-bedroom, 3-bathroom residence is being offered turnkey furnished and blends comfort, style, and income potential. The home is currently operating in a successful short-term rental program projected to generate over $100,000 in annual rental income, with $40,000 already booked year-to-date, making it an exceptional opportunity for both investors and those seeking a waterfront retreat. Inside, the home features an inviting open-concept floor plan with MULTIPLE LIVING SPACES, vaulted ceilings and exposed beams, creating a bright and spacious atmosphere. Expansive sliding glass doors fill the home with natural light while seamlessly connecting indoor living areas to the outdoor entertaining spaces. The main living area is anchored by a charming fireplace, adding warmth and character. The updated kitchen is equipped with all new GE Café appliances installed in 2025, including a refrigerator, range, and dishwasher, along with a new GE washer and dryer (2025). Major recent upgrades provide peace of mind, including a new roof (2025), new AC systems (2025), and impact windows and doors throughout most of the home. Step outside to enjoy your heated, screened-in pool and lanai, the perfect setting for relaxing or entertaining while taking in peaceful waterfront views. Boating enthusiasts will appreciate the private boat dock and lift, offering direct boating access to Tampa Bay through Terra Ceia Bay, ideal for fishing, sunset cruises, and days on the water. Located in the desirable waterfront community of Palmetto Point, this home is just minutes from dining, shopping, and the world-renowned beaches of Anna Maria Island and Florida's Gulf Coast. Whether you are searching for a primary residence, vacation home, or turnkey investment property, 5403 Palmetto Point Drive offers exceptional waterfront living, strong rental performance, and recent major upgrades.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/6/2026 |
|---|---|---|---|
| TRACT | PALMETTO SKYWAY SEC 1 | YEAR BUILT | 1959 |
| COMMUNITY | 34221 - Palmetto/Rubonia | GARAGE SPACES | 2.0 |
| COUNTY | Manatee | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Palm View Elementary |
|---|---|
| High School | Palmetto High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer |
| AREA | 34221 - Palmetto/Rubonia |
| CONSTRUCTION | Stucco |
| EXTERIOR | Dock, Lighting, Private Yard, Rain Gutters |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Open Floorplan |
| LOT | 0.32 acre(s) |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 98x143 |
| PARKING | Attached |
| POOL | Yes |
| POOL DESCRIPTION | In Ground, Screen Enclosure, Private |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Florida |
| SUBDIVISION | PALMETTO SKYWAY SEC 1 |
| TAXES | 4833.38 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Water |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Matthew Huffman, COLDWELL BANKER REALTY, 941-383-6411
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/6/26 7:52 PM PST.
This IDX solution is (c) Diverse Solutions 2026.