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5003 Commonwealth Rd, Palmetto, FL, 34221

$512/sqft·Palmetto Skyway Rep

3 bd3 ba1,851 sqft2 car garageSingle Family
Listed by TIM LESTER INTERNAT'L REALTY· Last updated · MLS# A4679863

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Est. monthly payment
$5,822/mo
Down payment (20%)
$189,600
Property taxes
$404/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 1965
Waterfront
Canal - Saltwater
2 car garage
Boat
0.41 acres
Lot size
1,851 sqft
Living area

About this home

Ceiling Fans(s)Eat-in KitchenL DiningSolid Surface CountersWalk-in Closet(s)Window TreatmentsHurricane ShuttersRain Gutters

5003 Commonwealth Rd is a 1965-built home in Palmetto Skyway Rep, Palmetto. Inside you'll find 3 bedrooms, 3 bathrooms, and 1,851 square feet of living space. Listed at $948,000 (about $512/sqft), 204 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Welcome to your private tropical retreat on Terra Ceia Bay! 5003 Commonwealth Road sits on two 75 foot lots 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.

The essentials

Built
1965
Price / sqft
$512
On market
228 days
Annual tax
$4,847
Flood zone
AE
Lot
17,999 sqft
Type
Single Family Residence

Location

5003 Commonwealth Rd
Palmetto, FL, 34221·34221 - Palmetto/Rubonia
Type
Single Family Residence
Year Built
1965
Lot
17,999 sqft
Cooling
Central Air
Heating
Central
Parking
Boat, Driveway, Guest, Oversized, RV Access/Parking
Waterfront
Canal - Saltwater
Days on Market
228
Ceiling Fans(s)
Eat-in Kitchen
L Dining
Solid Surface Counters
Walk-in Closet(s)
Window Treatments
Hurricane Shutters
Rain Gutters
Dog Park
Golf Carts OK
Dishwasher
Disposal
Dryer
Electric Water Heater
Range
Refrigerator
Washer
Homestead exemption on fileFlood Zone AE

Annual Tax (2024)

$4,847

Parcel #

2223600004

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Palmetto Skyway Rep

County

Manatee

MLS Area

34221 - Palmetto/Rubonia

Lot Size

17,999 sqft

ClearedFloodZoneIn CountyOversized LotStreet Dead-EndPavedUnincorporated
Date
Event
Price
8/18/2026
Price change
Source: Stellar MLS #A4679863
$948,000-5.0%
$512/sqft
Price change
Source: Stellar MLS #A4679863
$998,000-9.1%
$539/sqft
1/26/2026
Listed for sale
Source: Stellar MLS #A4679863
$1,098,000
$593/sqft
Est. monthly payment$5,822/mo
Principal & interest$4,944
Property taxes$404
Insurance$474
Down payment20% · $189,600
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

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List price: $948,000
$935,000 – $948,000
98.8% – 100% of listTops out right at the list price
80% of listList price
175 of the last 349 home closings in 34221 landed at this number or higher (50%). The median one sat 47 days before it went under contract, and this one is on day 228 after a $150,000 cut.

Sample: 349 closed home sales in 34221 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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