408 51ST STREET W, PALMETTO, FL, 34221
Active280 days on marketListed Nov 4, 2025MLS #A4670714
About this home
408 51ST STREET W
Looking to build your forever home in a community with no HOA and access to a private boat ramp? This is the perfect lot for you! Located in the highly desired Palmetto Point neighborhood, residents can enjoy an optional membership for exclusive use of the private boat ramp with direct access to beautiful Terra Ceia Bay. Perfectly situated between downtown St. Pete (20 miles) and downtown Sarasota (16 miles), this location offers easy access to the best of both worlds—shopping, dining, beaches, and entertainment—all while enjoying the laid-back coastal lifestyle. Don’t let this opportunity slip away—build your dream home in one of Palmetto’s most sought-after communities!
Facts & features
The home at a glance
0.19 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$950 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$950/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Palmetto
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palmetto. See the full Palmetto guide →
PALMETTO 34221 — neighborhood snapshot
Population
54,923
Median age
46.6
Median income
$74,314
Median home value
$298,200
Avg household
2.63
Households w/ children
4,466
For the school run
Manatee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palmetto market
$359K → $359K
Palmetto median sold, yr/yr
97.2%
Sale-to-list ratio (12 mo)
Median sold price, Palmetto, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 70% below the PALMETTO 34221 median. See the full Palmetto market guide →
Paper trail
This home's history
Reality check
What actually sold near 408 51ST STREET W
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$239,000
603 48TH STREET W · same community
3 bd · 1 ba · 987 sqft · $242/sqft · 4 DOM
Sold · Feb ’26$290,000
5004 3RD AVENUE W · same community
3 bd · 2 ba · 1,053 sqft · $275/sqft · 52 DOM
Sold · Mar ’26$111,000
615 48TH STREET W · same community
3 bd · 2 ba · 1,090 sqft · $102/sqft · 0 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kat Bonelli
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 408 51ST STREET W — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 408 51ST STREET W — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kat's phone and CRM.
Straight answers
408 51ST STREET W FAQs
What would the monthly payment be for 408 51ST STREET W?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $950/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 408 51ST STREET W?+
The most recent tax bill on record (2024) was $824. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Palmetto?+
At $114,000, this home is listed about 71% below the Palmetto median of $398,000. The market section on this page shows how the area is trending.
Which schools are assigned to 408 51ST STREET W?+
James Tillman Elementary Magnet School (elementary), Lincoln Memorial Middle School (middle), Palmetto High School (high) — Manatee County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the PALMETTO 34221 market on paper
$114,000 is 70% below the PALMETTO 34221 median of $374,900.
02Time on market is leverage
280 days on market against a Palmetto median of 59 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $119,000, now $114,000 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of THE KEYES COMPANY - SARASOTA · Brooke Mailloux. MLS #A4670714.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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