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5108 COMMONWEALTH ROAD

House For Sale
$650,000

BTC: 10.31746032

ETH: 372.27949599

22 days
Waterfront
2 bds
2 ba
1,519 sqft

Overview

Park the flip-flops and bring the boat keys — this is the kind of waterfront escape you daydream about after one too many office meetings. Sitting pretty on the widest deep-water canal in Bay Colony of Terra Ceia Bay, this laid-back coastal retreat comes with the ultimate bonus: a 1997 Sea Ray Cuddy Cabin already resting on its own 12,000 lb boat lift with a removable canvas cover. Because around here, sunset cruises beat rush hour every time. Inside, the vibe is pure relaxed luxury. This 2-bedroom, 2-bath waterfront hideaway welcomes you with jaw-dropping water views the second you walk through the door. The oversized 25-foot Florida room is basically one long front-row seat to paradise, wrapped in walls of windows that let the sunshine and sparkling canal views pour in all day long. There’s also a 1-car garage for the toys, gear, and fishing poles, but let’s be honest — life here is all about salty air, boat days, cold drinks, and deciding whether to fish, cruise, or just float the afternoon away. This isn’t just a home… it’s a permanent vacation with a dock attached. Nearly every inch of this home was thoughtfully updated in 2023, including plumbing, sewer lines, roof, insulation, hurricane-impact windows and doors, flooring, paint, fixtures, ceiling fans, interior doors, trim, and portions of the seawall — giving you peace of mind so you can focus on enjoying the Florida lifestyle. Conveniently located near I-275, I-75, US-41, and US-19, you’re just a short drive from the beaches, restaurants, arts, and nightlife of St. Petersburg and Sarasota — while still feeling tucked away in your own private waterfront escape. NOTE: This home did not have any flood damage from the recent 2024 storms. All renovations were done the year prior.

Location

Details

Type:
Residential
Parking:
Garage Door Opener
Year Built:
1963
Lot:
0.21 Acres
Heating:
Central
Price/sqft:
$428
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$463,000
$269K – $699K
Confidence Low
List vs. estimate
$187K above estimate
List $650,000 · +40.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$427
+87.4% vs. city median $228
Based on
16 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,601
2025
View
Water
Waterfront
Canal - Saltwater
Garage
1 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Luxury Vinyl

    • Terrazzo

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Garage Door Opener

    Property

    • Levels: One

    • Exterior Features: Lighting

    Lot

    • Lot: 0.21 Acres

    Other Property Information

    • Parcel Number: 2221300003

    • Zoning: RSF4.5/C

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,601

  • Source details

    • MLS ID: TB8507390

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / In Kitchen / Laundry Room

    • Lot Features: FloodZone / In County

    • Patio And Porch Features: Deck / Patio / Porch

    • Window Features: Blinds

    • Direction Faces: West

    • Architectural Style: Ranch

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1519

    • Water Source: Public

    • Subdivision Name: PALMETTO SKYWAY REP

Private inquiry
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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: COLDWELL BANKER REALTY