5003 COMMONWEALTH ROAD

House For Sale

$998,000

BTC: 15.31144523

ETH: 524.53433125

-$100K (2026/06/09)

187 days

Waterfront

For Sale

House

3 bds •

3 ba •

1,851 sqft

Overview

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.

Location

Florida • PALMETTO • 34221 • House • For Sale • Waterfront

Details

Type:

Residential

Parking:

Boat / Driveway / Guest / Oversized / RV Parking

Year Built:

1965

Lot:

0.41 Acres

Heating:

Central

Price/sqft:

$539

Cooling:

Central Air

HOA:

No Data

Type:

Residential

Parking:

Boat / Driveway / Guest / Oversized / RV Parking

Year Built:

1965

Lot:

0.41 Acres

Heating:

Central

Price/sqft:

$539

Cooling:

Central Air

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$450,000

$364K – $838K

Confidence Low

List vs. estimate

$548K above estimate

List $998,000 · +121.8%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$539

+130.9% vs. city median $233

Based on

9 MLS comparables

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$4,847

2024

View

Water

Waterfront

Bay/Harbor Front, Waterfront

Garage

2 car garage

Pets

Allowed

All facts and features

Flooring

• Carpet

• Epoxy

• Porcelain Tile

Heating

• Central

Cooling

• Central Air

Appliances

• Dishwasher

• Disposal

• Dryer

• Electric Water Heater

• Range

• Refrigerator

• Washer

Other interior features

• Ceiling Fan(s)

• Eating Space In Kitchen

• L Dining

• Skylight(s)

• Solid Surface Counters

• Walk-In Closet(s)

• Window Treatments

Bedrooms and bathrooms

• Bedrooms: 3

• Full bathrooms: 3
Parking

• Boat

• Driveway

• Guest

• Oversized

• RV Parking

Property

• Levels: One

• Exterior Features: Hurricane Shutters / Irrigation System / Rain Gutters

Lot

• Lot: 0.41 Acres

Other Property Information

• Parcel Number: 2223600004

• Zoning: RSF4.5/C
Type and style

• Property Type: Residential

• Property Sub Type: Single Family Residence
Utility

• Electricity Connected

• Public

• Sprinkler Well

• Water Connected
Other financial information

• Annual tax amount: $4,847
Source details

• MLS ID: A4679863

Other facts

• Construction Materials: Block / Stucco

• Foundation Details: Slab

• Laundry Features: Inside / Laundry Room

• Lot Features: Cleared / FloodZone / In County / Oversized Lot / Street Dead-End / Unincorporated

• Patio And Porch Features: Covered / Enclosed / Rear Porch / Screened

• Window Features: Blinds / Double Pane Windows / Insulated Windows / Window Treatments

• Direction Faces: East

• Architectural Style: Ranch

• Waterfront: Yes

• Garage Spaces: 2

• Attached Garage: Yes

• Garage: Yes

• Living Area: 1851

• Water Source: Public

• Subdivision Name: PALMETTO SKYWAY REP

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: TIM LESTER INTERNAT'L REALTY

5003 COMMONWEALTH ROAD

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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