For sale Home

Listed Mar 1, 2026

$1,999,000 Est. $13,222/mo

5440 Palmetto Street

  • 6

    Beds

  • 5

    Baths

  • 2,934

    Sq ft

The story

  • Pool

Discover the perfect blend of coastal living and exceptional income potential with this beautifully updated 6-bedroom, 5-bath beachside retreat featuring direct beach access to the Gulf shoreline. Zoned for WEEKLY RENTALS, this versatile two-level home offers outstanding flexibility. Use it as a spacious single-family residence or operate it as a duplex with two fully functional living spaces—ideal for maximizing rental income, accommodating extended family, or enjoying as your private beach getaway. Recently remodeled and refreshed throughout, the property includes a NEW roof, NEW water heater, NEW siding, and NEW pool equipment, providing modern comfort and peace of mind. The private pool and expansive outdoor areas create the perfect setting for relaxation, entertaining, and embracing the coastal lifestyle. Currently managed by a local rental company, the home offers a projected gross annual rental revenue of $202,238, making it a compelling investment opportunity. With direct beach access, a flexible layout, and strong income potential, this coastal retreat delivers the ultimate combination of lifestyle, convenience, and financial return—perfect for hosting unforgettable family gatherings or welcoming vacationing guests year-round.

Facts & features

Home type

Home

Year built

1971

Floors

2

Price per sq ft

$681

Included features

  • Pool

    Yes

  • Cooling

    Central Air, Ceiling Fans, Electric

  • Heating

    Central, Electric

  • Appliances

    Dryer, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer

  • Flooring

    Tile

  • Roof

    Metal

  • Lot Information

    Rectangular Lot

  • Exterior

    Fence, Patio, Storage

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$13,222 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $10,640
  • Property tax $1,999
  • Insurance $583

Includes principal, interest, taxes & insurance.

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Listing Broker

Premiere Plus Realty Company

Broker Name

Premiere Plus Realty Company

Agent

J Alex King