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$650,000
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Property Description
One or more photo(s) has been virtually staged. Welcome to Bay Colony, a highly sought-after waterfront community set along the deep-water canals of Terra Ceia Bay. This beautifully renovated two-bedroom, two-bath home with a flex room and one-car garage offers peace of mind, modern upgrades, and exceptional waterfront living. Ideally positioned between St. Petersburg and Sarasota, the location provides convenient access to I-275, I-75, US-41, and US-19. World-class dining, shopping, cultural attractions, and Gulf Coast beaches are all within approximately 30 minutes. Inside, the bright and open floor plan creates a seamless flow between the living and dining areas, ideal for both everyday living and entertaining. New luxury vinyl plank flooring runs throughout the home, enhancing durability and style. The home has been comprehensively updated in 2023, including new hot and cold water plumbing, new sewer lines, a new roof with insulation, and new hurricane-impact windows and doors. The chef's kitchen is a true centerpiece, featuring new shaker-style cabinetry, quartz countertops, a deep farmhouse sink, and all-new stainless-steel appliances, including a natural gas range. A spacious walk-in pantry offers excellent storage and organization. The sun-filled Florida Room, lined with expansive windows and French doors, opens to the backyard and waterfront, providing a versatile space for relaxing, entertaining, or enjoying the view. Exterior improvements completed in 2023 include new stucco, a new concrete walkway surrounding the home, and enhanced outdoor living features. The primary suite offers abundant natural light, generous closet space, and a beautifully updated ensuite bath with a quartz-topped vanity and walk-in shower. An adjacent private flex room is ideal for a home office, studio, nursery, or fitness space. A second bedroom and full bath are thoughtfully located across the hall, offering privacy for guests. The secondary bath includes a soaking tub, pedestal sink, and built-in storage. For boating enthusiasts, this property truly stands out. The waterfront has been fully upgraded with a new bulkhead, new dock, new canopy, and a 12,000-lb boat lift. A 27' Sea Ray boat conveys with the home, making this a rare turnkey waterfront opportunity. The composite dock is equipped with water and electricity, allowing you to enjoy effortless access to Terra Ceia Bay and unforgettable Florida sunsets right from your backyard. Don't miss the opportunity to make 5108 Commonwealth Rd your waterfront retreat. Schedule your private showing today.
Full Property Details
Full Property Details for 5108 Commonwealth Rd
General
- Price: $650,000
- Taxes: $4,292 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8426810
- Updated: 12/18/2025
- Added to Site: 125 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 7
- Interior Features: Built-in Features, Ceiling Fan(s), Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
- Appliances: Cooktop, Electric Water Heater, Range, Refrigerator
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: French Doors, Lighting, Private Mailbox, Rain Gutters
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
Location
- Area: 34221 - Palmetto/Rubonia
- County: Manatee
- Development Name: 34221 - Palmetto/Rubonia
- Subdivision: PALMETTO SKYWAY REP
- Driving Directions: From I-275 take exit 5 onto US Hwy 19 South towards Palmetto/Bradenton, turn right onto 50th street west. Follow straight through and turn right on Commonwealth. The home is located on the right. From I -75 take 301 north.
- Direction Faces: West
School Information
- Elementary School: Palm View Elementary
- Middle School: Buffalo Creek Middle
- High School: Palmetto High
Community
- Community Name: 34221 - Palmetto/Rubonia
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Water Connected
Structural Information
- Exterior Const.: Block
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,519
- Sq. Ft. Source: Public Records
- Year Built: 1963
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,121
- Lot Size: 9121
- Lot Dimensions: 76 x 120
- Street/Road Desc.: Paved
Water Features
- Water Front: Yes
- Water Access: Yes
- Water Access Desc: Canal - Saltwater
- Water Extras: Yes
- Water Front Desc.: Saltwater Canal
Financial Considerations
- Tax Amount: $4,292.79
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 132 PALMETTO SKYWAY REPLAT PI#22213.0000/3
- Flood Zone Info: AE
- APN: 2221300003
- Property ID: 2221300003
Listed by Mark Spain Real Estate
Get Pre-Approved Today
Schools
Schools serving 5108 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 | 2.1 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 5108 Commonwealth Rd
Date
Details
Price
Change
Source
9/12/2025
Listed
$650,000
105.05%
MLS
3/03/2017
Sold
$317,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5108 Commonwealth Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,293
—
$546,790
58%
2024
$4,293
1%
$345,878
3%
2023
$4,239
1%
$335,804
6%
2021
$4,202
—
$316,527
-3%
2022
$4,188
—
$326,023
10%
2021
$4,202
12%
$297,423
6%
2019
$3,741
-2%
$280,531
1%
2017
$3,800
—
$278,798
8%
2017
$3,800
6%
$256,969
8%
2016
$3,599
—
$237,568
2%
2015
$3,601
13%
$232,519
14%
2014
$3,192
7%
$203,564
9%
2013
$2,971
—
$186,240
—
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
Estimate the Cost for 5108 Commonwealth Rd
5108 Commonwealth Road, Palmetto, FL 34221 (MLS# TB8426810) is a Single Family property with 2 bedrooms and 2 full bathrooms. 5108 Commonwealth Road is currently listed for $650,000 and was received on September 12, 2025. Want to learn more about 5108 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.

