$998,000
Original: $1,098,000 ▼ Price reduced

5003 COMMONWEALTH RD, Palmetto, FL 34221

Active
3
Beds
3
Baths
1,851
Sq Ft
$539
Per Sq Ft
1965
Built
134
Days Listed

About This Property

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.

Property Details

TypeSingle Family Residence
Garage2 spaces
Lot0.41 ac
PoolNo
WaterfrontYes
SubdivisionPALMETTO SKYWAY REP
HOANo
Tax/yr$4,847
HeatingCentral
CoolingCentral Air
FlooringCarpet, Epoxy, Tile
RoofShingle

Listed by TIM LESTER INTERNAT'L REALTY · MLS# A4679863

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Properties displayed may be listed or sold by various participants in the MLS


Listing information © 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved. Data deemed reliable but not guaranteed. Last updated: 2026-06-09.
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.
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Rise Team · LPT Realty, LLC
Mike Valdes
Mike Valdes
Rise Team · LPT Realty
(813) 548-5618
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