Date
Details
Price
Change
Source
1/26/2026
Listed
$1,098,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,098,000
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Property 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.
Full Property Details
Full Property Details for 5003 Commonwealth Rd
General
- Price: $1,098,000
- Taxes: $4,847 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4679863
- Updated: 1/26/2026
- Added to Site: 13 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 10
- Interior Features: Ceiling Fan(s), Eating Space In Kitchen, L Dining, Skylight(s), Solid Surface Counters, Walk-In Closet(s), Window Treatments
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Carpet, Epoxy, Porcelain Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside, Laundry Room
Exterior
- Exterior Features: Hurricane Shutters, Irrigation System, Rain Gutters
- Deck/Patio: Covered, Enclosed, Rear Porch, Screened
- Porch/Patio/Deck: Covered, Enclosed, Rear Porch, Screened
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Boat, Driveway, Guest, Oversized, RV Parking
Location
- Area: 34221 - Palmetto/Rubonia
- County: Manatee
- Development Name: 34221 - Palmetto/Rubonia
- Subdivision: PALMETTO SKYWAY REP
- Driving 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.
- Direction Faces: East
Community
- Community Name: 34221 - Palmetto/Rubonia
- Community Features: Bay/Harbor Front, Community Boat Ramp, Dock, Fishing, Water Access, Waterfront, Dog Park, Golf Carts OK
- Assoc. Fees Include: None
- Pet Restrictions: Verify all pet restrictions with Manatee County.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Public, Sprinkler Well, Water Connected
Structural Information
- Architectural Info: Ranch
- Architectural Style: Ranch
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Windows: Blinds, Double Pane Windows, Insulated Windows, Window Treatments
- Stories/Levels: One
- Square Feet: 1,851
- Sq. Ft. Source: Public Records
- Year Built: 1965
Lot Features
- Property View: Water
- Lot Size (Acres): 0.41
- Lot Size (Sq. Ft.): 17,999
- Lot Size: 17999
- Frontage: Street Dead-End, Street Paved
- Street/Road Desc.: Paved
- Fencing (Description): Chain Link
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Canal - Saltwater
- Water Extras: Yes
- Water Front Desc.: Bay/Harbor Front, Waterfront, Saltwater Canal
Financial Considerations
- Tax Amount: $4,847
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOTS 153 & 154 PALMETTO SKYWAY REPLAT PI#22236.0000/4
- Flood Zone Info: AE
- APN: 2223600004
- Property ID: 2223600004
Listed by Tim Lester Internat'l Realty
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Listing agent
— 5003 Commonwealth Rd —
Tim Lester Internat'l Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5003 Commonwealth Rd
School District:Manatee County School District
| Name | Grades | Distance |
|---|---|---|
Palm View Elementary School 6025 Bayshore Road, Palmetto, FL 34221 | PK-5 | 1.1 mi |
Palmetto High School 1200 17th Street West, Palmetto, FL 34221 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5003 Commonwealth Rd
Tax History
Tax History for 5003 Commonwealth Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,847
—
$393,407
3%
2024
$4,847
1%
$382,320
3%
2023
$4,792
2%
$371,184
6%
2021
$4,681
—
$349,877
-3%
2022
$4,670
—
$360,373
4%
2021
$4,681
11%
$345,046
4%
2017
$4,209
—
$330,999
2%
2017
$4,209
—
$324,191
2%
2016
$4,206
-1%
$317,523
1%
2015
$4,269
-7%
$315,316
-7%
2019
$4,573
7%
$337,288
8%
2014
$4,262
—
$312,813
2%
2013
$4,251
—
$308,190
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
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5003 Commonwealth Road, Palmetto, FL 34221 (MLS# A4679863) is a Single Family property with 3 bedrooms and 3 full bathrooms. 5003 Commonwealth Road is currently listed for $1,098,000 and was received on January 26, 2026. Want to learn more about 5003 Commonwealth Road? Do you have questions about finding other Single Family real estate for sale in Palmetto? You can browse all Palmetto real estate or contact a Coldwell Banker agent to request more information.