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$649,000
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Property Description
MOTIVATED SELLER! $36K PRICE IMPROVEMENT! Welcome to Sanctuary Cove, a stunning gated marina community nestled in Palmetto. Offering the ultimate in resort-style living, this community features a luxurious clubhouse, state-of-the-art gym, refreshing swimming pool, and a private beach. This exquisite 2022-built home boasts 3 bedrooms, 3.5 bathrooms, and a spacious den, all designed with exceptional craftsmanship and an abundance of natural light. From the moment you step inside, you'll be captivated by the breathtaking sanctuary views and the privacy that comes with no rear neighbors. The home's interior is highlighted by elegant ivory 42" cabinetry and sleek quartz countertops. High-end custom lighting graces the kitchen, den, and dining areas, adding a touch of sophistication. Equipped with premium GE Profile appliances, including a gas range, oversized refrigerator, and microwave, this home is built for both comfort and style. An open floor plan seamlessly connects the living spaces, creating the perfect environment for entertaining guests. The master suite offers the perfect retreat, with sweeping sanctuary views and a spa-like bathroom featuring dual vanity sinks and a luxurious double-head shower. Storage is never an issue with spacious closets throughout, including walk-ins in both guest bedrooms, each with its own en-suite bathroom. Additional features include a tankless water heater for efficiency and hurricane-impact windows throughout the home, providing both safety and energy efficiency, especially during Florida's storm season. Conveniently located near Tamiami Trail, US-301, and I-75, you're just minutes away from sandy beaches, shopping, dining, and the airport. This stunning Florida home offers affordable luxury and is ready for you to move in. Don't miss your chance-this gem won't last long!
Full Property Details
Full Property Details for 2318 5th St E
General
- Price: $649,000
- HOA FEE: $105/month
- HOA FEE FREQ.: Quarterly
- Taxes: $12,634 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8412936
- Updated: 12/23/2025
- Added to Site: 165 day(s) ago
Rental Information
- Min. Lease: 3 Months
Interior
- Number of Rooms: 7
- Interior Features: High Ceilings, Kitchen and Family Room Combination, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
- Furnishings: Unfurnished
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Clubhouse, Fitness Center, Gated, Lobby Key Required, Pool
- Security/Safety: Gated Community
Exterior
- Exterior Features: Lighting
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Driveway, Garage Door Opener
Location
- Area: 34221 - Palmetto/Rubonia
- County: Manatee
- Development Name: 34221 - Palmetto/Rubonia
- Subdivision: SANCTUARY COVE
- Driving Directions: Start by heading east on US-301 North for a short distance, then make a U-turn and continue for another brief stretch. Turn left onto Sanctuary Cove Way and follow it for about half a mile. Finally, turn left onto 5th Street East, where your destination will be on the left. Please note that parts of this route include restricted usage roads.
- Direction Faces: Southwest
School Information
- Elementary School: James Tillman Elementary
- Middle School: Buffalo Creek Middle
- High School: Palmetto High
Community
- Community Name: 34221 - Palmetto/Rubonia
- Community Features: Marina, Water Access, Clubhouse, Fitness Center, Pool
- Optional Amenities: Clubhouse, Fitness Center, Gated, Lobby Key Required, Pool
- Association: Yes
- Assoc. Name: Condominium Associates - Jennie Byram
- Assoc. Fees Include: Maintenance Grounds, Pool Maintenance
- Number of Pets: 3
- Pet Restrictions: Please contact HOA for any additional information.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Exterior Const.: Stucco
- Roof: Tile
- Windows: Blinds, Storm Window(s)
- Stories/Levels: One
- Square Feet: 2,507
- Sq. Ft. Source: Public Records
- Year Built: 2022
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,194
- Lot Size: 8194
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Association Fee: $315
- Assoc Fee Freq.: Quarterly
- Assoc Fee Desc.: Required
- CDD: Yes
- Tax Amount: $12,634.23
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 155 SANCTUARY COVE PI#10157.3775/9
- Flood Zone Info: X500
- APN: 1015737759
- Property ID: 1015737759
Listed by Lpt Realty, Llc.
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Schools
Schools serving 2318 5th St E
School District:Manatee County School District
| Name | Grades | Distance |
|---|---|---|
James Tillman Elementary Magnet School 1415 29th Street East, Palmetto, FL 34221 | PK-5 | 1.7 mi |
Palmetto High School 1200 17th Street West, Palmetto, FL 34221 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2318 5th St E
Date
Details
Price
Change
Source
12/09/2025
Price Reduced
$649,000
-5.26%
MLS
10/28/2025
Price Reduced
$685,000
-1.44%
MLS
9/08/2025
Price Reduced
$695,000
-4.14%
MLS
8/05/2025
Listed
$725,000
35.79%
MLS
8/30/2022
Sold
$533,900
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2318 5th St E
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,634
—
$560,644
-10%
2024
$12,634
22%
$620,804
17%
2023
$10,336
352%
$531,390
564%
2022
$2,286
63%
$80,000
14%
2021
$1,399
117%
$70,000
599%
2019
$645
234%
$10,010
10%
2017
$193
-3%
$9,100
-2%
2016
$199
-1%
$9,300
—
2015
$202
1%
$9,300
—
2014
$200
-1%
$9,300
—
2013
$202
—
$9,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2318 5th St E
2318 5th Street E, Palmetto, FL 34221 (MLS# TB8412936) is a Single Family property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 2318 5th Street E is currently listed for $649,000 and was received on August 05, 2025. Want to learn more about 2318 5th Street E? Do you have questions about finding other Single Family real estate for sale in Palmetto? You can browse all Palmetto real estate or contact a Coldwell Banker agent to request more information.

