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5003 COMMONWEALTH ROAD, PALMETTO, FL 34221

PALMETTO SKYWAY REP · Manatee County

Key Facts

3Beds
3Baths
4,390Sq Ft
1965Year Built
0.41Lot (acres)
2Garage

Description

Welcome to your private tropical retreat on Terra Ceia Bay! 5003 Commonwealth Road sits on a rare double lot offering an impressive 150 feet of deep-water frontage along the pristine, shimmering waters of Terra Ceia Bay. This is the kind of setting where palm trees sway, dolphins pass by, and sunsets never get old. Lovingly maintained by the same family since 1965, this 3-bedroom, 3-bath home is filled with character and pride of ownership. With nearly 4,400 square feet under roof, the home provides generous indoor and outdoor living spaces—perfect for entertaining, relaxing, or creating your own coastal compound. The expansive property spans two lots totaling 150 feet of seawall, opening the door to endless possibilities: enjoy it as-is, expand, or reimagine the space into a true waterfront estate. Whether you’re boating, fishing, or simply soaking in the tranquil bay breezes, this is Florida waterfront living at its finest.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Ranch

Year Built

1965

Living Area

4,390 sq ft

Lot Size

0.41 acres

Garage Spaces

2

Ownership

Fee Simple

Zoning

RSF4.5/C

Days on Market

134

MLS® Listing#

A4679863

Property Features

Interior

Eat-in KitchenWalk-In Closet(s)

Exterior

Rain Gutters

Appliances

DishwasherDisposalDryerElectric Water HeaterRangeRefrigeratorWasher

Cooling

Central Air

Heating

Central

Flooring

CarpetTile

Parking

BoatDrivewayGuestOversizedRV Access/ParkingAttached

Laundry

InsideLaundry Room

Patio

CoveredEnclosedRear PorchScreened

Fencing

Chain Link

Lot Features

ClearedPavedWaterfront

Construction

BlockStucco

Foundation

Slab

Roof

Shingle

Windows

Window CoveringsSkylight(s)BlindsDouble Pane WindowsInsulated WindowsWindow Treatments

Utilities

Electricity ConnectedWater Connected

Sewer

Public Sewer

Water Source

Public

Rooms

  • 9x43First
  • Bedroom 211x25First
  • Bedroom 310x11First
  • Den11x20First
  • Dining Room8x10First
  • Game Room15x16First
  • Kitchen10x14First
  • Living Room14x18First
  • Master Bedroom11x15First
  • Office8x14First

Financial Details

HOA

None

Annual Taxes

$4,847

Tax year 2024

Parcel Number

2223600004

Directions

US-41 BUS N, Merge onto US-19 N, Turn left onto 50th St W, Slight left onto Palmetto Point Dr, Turn right onto Commonwealth Rd, Home will be on the left.

Affordability Calculator

$199,600

Estimated monthly payment

$5,312/mo

Principal $798,400 · Est. interest $1,113,839 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in PALMETTO, FL

$449,682
Median Listing Price
81
Median Days on Market
2,065
Median Sq Ft
$228
Median Price / Sq Ft
628
Active Listings
  • This home’s price is 122% above the area median.
  • Its price per sq ft is right around the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in PALMETTO, FL.

Location

  • 5003 COMMONWEALTH ROAD, PALMETTO, FL 34221

Points of Interest in PALMETTO, FL

Showing the PALMETTO area map.

Nearby Schools

  • Educational Harbor Christian School

    School · 0.8 mi away

  • Palm View Elementary School

    Elementary · 1.2 mi away

  • Tillman James Elementary School

    Elementary · 2.0 mi away

  • Bible Baptist Church

    School · 2.0 mi away

  • Palmetto High School

    Secondary · 2.1 mi away

  • Palmetto Charter School

    Elementary · 2.2 mi away

  • Lincoln Middle School

    Secondary · 2.3 mi away

  • Just for Girls

    Secondary · 2.6 mi away

  • Palmetto Elementary School

    Elementary · 2.6 mi away

  • Manatee School for the Arts

    Secondary · 3.2 mi away

  • Hola! Elementary School

    Elementary · 3.2 mi away

  • Blackburn Elementary School

    Elementary · 3.6 mi away

  • Family Life Community School

    School · 4.0 mi away

  • Bradenton Bay High School

    Secondary · 4.4 mi away

  • Imagine School at North Manatee

    Elementary · 4.5 mi away

  • Manatee High School

    Secondary · 4.5 mi away

  • First United Methodist Church of Bradenton

    School · 4.5 mi away

  • St Stephen's Episcopal School

    Secondary · 4.6 mi away

  • Pace Center for Girls

    Secondary · 4.7 mi away

  • Ballard Elementary School

    Elementary · 4.7 mi away

Commute Calculator

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in PALMETTO

Listing Courtesy: TIM LESTER INTERNAT'L REALTY - 941-981-5388

Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.

Last Updated: 2026-01-23

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Sarasota - Manatee. MLS® Listing#A4679863. © 2026EXIT Realty®. All rights reserved.