$998,000
5003 Commonwealth Road
Palmetto, FL 34221
Listing updated: June 9, 2026 at 3:59 PM ET
Listing courtesy of Tim Lester Internat'L Realty · Tim Lester · MLS #A4679863 · Active · 941-981-5388Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history134 days on market
- Status: ActiveJan 26, 2026
- Listed$1,098,000Jan 26, 2026
- Price reduced$998,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 134
- Subdivision
- Palmetto Skyway Rep
- County
- Manatee
- Year built
- 1965
- Living area
- 1,851 sq ft
- Price/sq ft
- $539
- Building area
- 4,390 sq ft (Public Records)
- Lot size
- 17,999 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12081C0162F)
- Garage
- 2 spaces
- Annual taxes
- $4,847 (2024)
- Parcel #
- 2223600004
- Zoning
- RSF4.5/C
- MLS #
- A4679863
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Flooring
- Carpet, Epoxy, Tile
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, L Dining, Solid Surface Counters, Walk-In Closet(s), Window Treatments
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Boat, Driveway, Guest, Oversized, RV Access/Parking
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Verify all leasing restrictions with Manatee County.
Exterior & Construction
- Exterior features
- Hurricane Shutters, Rain Gutters
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Connected, Public, Sprinkler Well, Water Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 14x18 |
| Dining Room | First | 8x10 |
| Kitchen | First | 10x14 |
| Den | First | 11x20 |
| Game Room | First | 15x16 |
| Office | First | 8x14 |
| Primary Bedroom | First | 11x15 |
| Bedroom 2 | First | 11x25 |
| Bedroom 3 | First | 10x11 |
| Balcony/Porch/Lanai | First | 9x43 |
Listing Details
- Listing date
- 2026-01-23
- On market date
- 2026-01-26
- Original list price
- $1,098,000
- Occupant type
- Owner
- MLS area
- 34221 - Palmetto/Rubonia
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-01-26
- Tax legal description
- LOTS 153 & 154 PALMETTO SKYWAY REPLAT PI#22236.0000/4
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
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Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 9, 2026 at 3:59 PM ET. 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.
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