Palmetto Estates in Palmetto is a fairly large neighborhood in northern Manatee County; you would think that a subdivision of this size, which extends from 10th Avenue East all the way to Canal Road in the Memphis district, would have many listings coming on the market each week, but this is not the case. When national builder Maronda Homes completed Palmetto Estates a few years ago, it did not take long to sell all the new units, and most original buyers are still holding on to their properties.
Home value appreciation has been phenomenal at Palmetto Estates. To give you an idea of the great value proposition this neighborhood has been, consider this late 2019 listing: Four bedrooms, two full bathrooms, a breakfast bar, a fully covered patio connected to the home by a Florida room, and dual vanities in the master bedroom for just $238,500. This is a home that in 2015 sold for just over $200K, and it is listed at a price that is in line with the median for Palmetto.
Homeowners at Palmetto Estates are never far from shopping and entertainment. Driving to the Publix in the Historic District of Palmetto takes about 15 minutes, and a new one opened just a few months ago at the Gateway Commons shopping center. Naturally, even more shopping is offered by the Ellenton Premium Outlets, also a short drive away. You would have to choose between Anna Maria Island and St. Petersburg for your weekend beach trips.
The best homes at Palmetto Estates are those located closer to Canal Road because many of them enjoy views of a large lake. The architectural style is typical of what you can expect in Manatee County with a few country home details for an even more aesthetic look. This is a great neighborhood for first-time home buyers who are in the market for recent construction and more spacious floor plans. With median prices around Palmetto expected to increase by 4.7% in 2020, Palmetto Estates is a community you should keep in mind.
Homes for Sale at Palmetto Estates in Palmetto
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