58 MONTEGO DRIVE, PALMETTO, FL, 34221
Active129 days on marketListed May 14, 2026MLS #A4693547
About this home
58 MONTEGO DRIVE
SUNSHINE COTTAGE, 55+ WATERFRONT COMMUNITY and NO LOT RENT! Move-in ready and lovingly maintained, this charming 1BR/1BA park model is the perfect Florida getaway in sought-after Tropic Isles Co-Op, a 55+ resident-owned waterfront community! Enjoy a comfortable living room with a peek of Terra Ceia Bay, spacious lanai, back patio, and paved front sitting area that doubles as a golf cart parking pad. No lot rent! Just $325/month maintenance fee includes water, sewer, trash/recycling, park management, and access to fantastic amenities including the marina, bait shop, pool & spa, fitness center, library, shuffleboard, social rooms, and more. Whether you're looking for a snowbird escape or your Florida forever home, this Sunshine Cottage is ready for you. Come see it today!
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
408
Sqft
0.04 ac
Lot size
1992
Year built
One
Levels
$218
Per sqft
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 and the real association fee — not generic estimates.
$1,191 /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
$1,191/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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Palmetto actives
$218 vs $204
Days on market
129 vs 61 typical
Where $218/sqft sits among the 400 Palmetto actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Tropic Isles Mobile Home Estates
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palmetto. See the full Palmetto guide →
Tropic Isles Mobile Home Estates — neighborhood snapshot
Population
744
Median age
66
Median income
$55,729
Median home value
$250,900
Avg household
2
Households w/ children
47%
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 → $376K
Palmetto median sold, yr/yr
97.2%
Sale-to-list ratio (12 mo)
238 of 400
Palmetto actives have cut their price
Median sold price, Palmetto, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 76% below the PALMETTO 34221 median. See the full Palmetto market guide →
Paper trail
This home's history
Reality check
What actually sold near 58 MONTEGO DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’26$140,000
108 BAHIA DRIVE · same community
1 bd · 1 ba · 468 sqft · $299/sqft · 39 DOM
Sold · Jul ’26$155,000
14 BASIN STREET · same community
1 bd · 1 ba · 480 sqft · $323/sqft · 151 DOM
Sold · Mar ’26$55,000
154 MAUI DRIVE · same community
1 bd · 1 ba · 480 sqft · $115/sqft · 392 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
Bridget McLennon
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 58 MONTEGO DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 58 MONTEGO DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Bridget's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
58 MONTEGO DRIVE FAQs
What would the monthly payment be for 58 MONTEGO DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,191/mo — principal and interest, the actual property-tax bill, the $325/mo association fee 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.
How much are the HOA fees at 58 MONTEGO DRIVE?+
The association fee works out to $325 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 58 MONTEGO DRIVE?+
The most recent tax bill on record (2025) was $1,709. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 58 MONTEGO DRIVE?+
The listing reports pets: Cats OK, Dogs OK, Number Limit, Size Limit, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palmetto?+
At $89,000, this home is listed about 77% below the Palmetto median of $395,000. The market section on this page shows how the area is trending.
Which schools are assigned to 58 MONTEGO DRIVE?+
Palmetto Elementary School (elementary), Palmetto High School (high), Lincoln Memorial Middle School (middle) — 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
$89,000 is 76% below the PALMETTO 34221 median of $368,820, and at $218/sqft it sits under the Palmetto average of $235.
02Move-in furnished
The furniture conveys — a genuine head start for a second home or rental, and one less five-figure line item after closing.
03Time on market is leverage
129 days on market against a Palmetto median of 61 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
Listing courtesy of KELLER WILLIAMS ON THE WATER · Carmen Garcia Urgelles. MLS #A4693547.
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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