7005 56th Terrace E, FL 34221, FL, 34221
Active32 days on marketListed Jun 22, 2026MLS #B26044149
About this home
7005 56th Terrace E, FL 34221
Beautifully maintained 3-bedroom, 2-bath waterfront home offering 1,779± square feet of living space in the desirable Crystal Lakes community of Palmetto. Fresh interior paint and updated lighting fixtures create a bright, move-in-ready feel throughout. The spacious floor plan features open living and dining areas, abundant natural light, and a private primary suite. Enjoy peaceful water views from the backyard with plenty of space to relax or entertain. Crystal Lakes offers low HOA fees and no CDD fees. Conveniently located near shopping, dining, parks, schools, major roadways, and Gulf Coast beaches, this property is ideal as a primary residence, seasonal retreat, or investment opportunity. Don't miss your chance to own an affordable waterfront home in a great location.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,779
Sqft
0.23 ac
Lot size
2
Garage
2009
Year built
1
Levels
$230
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.
$3,176 /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
$3,176/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.
Reality check
What actually sold near 7005 56th Terrace E
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$308,000
5014 72ND STREET E · same community
3 bd · 2 ba · 1,717 sqft · $179/sqft · 6 DOM
Sold · Mar ’26$360,000
7170 50TH AVENUE CIRCLE E · same community
3 bd · 2 ba · 1,717 sqft · $210/sqft · 63 DOM
Sold · Dec ’25$460,000
3461 CRYSTAL LAKES COURT · same community
3 bd · 2 ba · 1,841 sqft · $250/sqft · 4 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 7005 56th Terrace E — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7005 56th Terrace E — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
7005 56th Terrace E FAQs
What would the monthly payment be for 7005 56th Terrace E, FL 34221?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,176/mo — principal and interest, the actual property-tax bill, the $52/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 7005 56th Terrace E, FL 34221?+
The association fee works out to $52 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7005 56th Terrace E, FL 34221?+
The most recent tax bill on record (2025) was $4,430. 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 7005 56th Terrace E, FL 34221?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
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 Miami Association of REALTORS®.