5519 17th STREET W, Palmetto, FL, 34221 | $1,999,000

Simply Stunning Waterfront estate on Snead Island! This extraordinary 2. 12-acre parcel on the Manatee River is a rare gem. Nestled in a peaceful and private location near Emerson Point Preserve on Snead Island, this property offers unmatched serenity and potential.
As you journey down the long driveway, you’ll find yourself immersed in the natural beauty of the private pond, mature trees, and lush landscaping that surround the property. With 120 feet of direct river frontage, the possibilities for creating your dream waterfront retreat are endless. The main home has sustained hurricane damage and is being sold as-is. You have the opportunity to restore it with your own vision or build a brand-new residence to suit your lifestyle. Above the garage, you’ll find a fully functional guest or in-law suite. This one-bedroom, one-bathroom suite includes a living area, kitchen, and a charming back porch with sweeping views of the river—a perfect space for visitors or extended family. Imagine sitting around the firepit, surrounded by nature, as you take in the sunsets every night. The possibilities are nearly limitless, making this property truly special. Detached three car garage and additional storage shed are an added bonus. Located on Snead Island, one of the undiscovered treasures of Florida’s West Coast, this location offers something for everyone. Whether you’re dining or boating at the local yacht club, biking or kayaking the trails of the 365-acre Emerson Point Preserve, or visiting the horses at the local stable, Snead Island is Old Florida living at its finest. Snead Island is an ideal location with an easy commute to downtown St. Pete or downtown Sarasota. This is a once-in-a-lifetime opportunity to tour and embrace this magnificent property before it’s gone. Seize the chance to make it yours today!

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Other
  • Style: Other
  • Year Built: 1975
  • Garage: 5-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,612
  • Acreage: 2.12
  • Est. Taxes: $7,225
  • Lot Desc: Oversized Lot
  • View: Trees/Woods, Water
  • Appliances: None
  • MLS#: A4633127
  • Days on Market: 13 days
  • Website: https://www.raveis.com
    /eprop/A4633127/551917thstreetw_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 1/13/2025 12:47:07 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-758-7777

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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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5519 17th STREET W, Palmetto, FL, 34221

$1,999,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,599,200 $1,599,200 $1,599,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.286% 6.874% 6.972%
Monthly Tax Payment $602 $602 $602
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,640 $10,372 $14,151
Total Monthly Payment $11,367 $11,099 $14,878

* 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.