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5404 Bay State Rd, Palmetto, FL, 34221

$383/sqft·Palmetto Skyway

3 bd3 ba2,220 sqft2 car garageSingle Family
Listed by TIM LESTER INTERNAT'L REALTY· Last updated · MLS# A4700079

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Est. monthly payment
$5,374/mo
Down payment (20%)
$169,980
Property taxes
$516/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 1982
Waterfront
Canal - Saltwater
2 car garage
Boat
0.28 acres
Lot size
2,220 sqft
Living area

About this home

Ceiling Fans(s)Kitchen/Family Room ComboOpen FloorplanPrimarybedroom UpstairsSolid Wood CabinetsSplit BedroomStone CountersThermostat

5404 Bay State Rd is a 1982-built home in Palmetto Skyway Sec 2, Palmetto. Inside you'll find 3 bedrooms, 3 bathrooms, and 2,220 square feet of living space. Listed at $849,900 (about $383/sqft), 4 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Experience the ultimate Florida waterfront lifestyle in one of Palmetto's best kept secrets, Bay Colony. This elevated coastal retreat offers 3 bedrooms, 3 bathrooms, and 2,220 square feet of thoughtfully designed living space. Perfectly positioned along a deep-water canal with easy access to Terra Ceia Bay and the Gulf, this exceptional property blends modern comfort with endless outdoor living opportunities. Inside, an open and inviting floor plan with updated impact doors and windows is enhanced by abundant natural light, elegant finishes, and seamless flow for both everyday living and entertaining. The beautifully updated kitchen serves as the heart of the home, featuring sleek quartz countertops, a stylish designer backsplash, ample cabinetry, and generous prep space for gatherings large and small. The spacious primary suite offers a peaceful retreat, while two additional bedrooms provide comfortable accommodations for family and guests. On the lower level, a versatile bonus room with a full bathroom offers exceptional flexibility, making it ideal for a guest suite, home office, fitness room, media room, or private space for visiting family and friends. Designed for those who appreciate life on the water, the property boasts an updated private dock complete with a 15,000-pound boat lift, making it effortless to spend your days fishing, boating, or cruising the Gulf waters. Outside, the expansive lot offers an incredible opportunity to create the backyard of your dreams. With plenty of room to add a custom pool and outdoor kitchen, you can design your own private tropical oasis perfectly suited to your lifestyle. The home's elevated construction provides added peace of mind while maximizing coastal breezes and the beauty of its waterfront setting. Conveniently located near waterfront dining, marinas, pristine Gulf beaches, and the vibrant destinations of Sarasota, St. Petersburg, and Tampa, this exceptional residence offers the perfect balance of tranquility, luxury, and adventure. Whether you're searching for a full-time waterfront residence or the ultimate coastal getaway, this property presents a rare opportunity to own a slice of paradise with direct boating access, flexible living space, and endless possibilities for creating the Florida lifestyle you've always envisioned. Call today for your own private tour!

The essentials

Built
1982
Price / sqft
$383
On market
58 days
Annual tax
$6,197
Flood zone
AE
Lot
12,288 sqft
Type
Single Family Residence

Location

5404 Bay State Rd
Palmetto, FL, 34221·34221 - Palmetto/Rubonia
Type
Single Family Residence
Year Built
1982
Lot
12,288 sqft
Cooling
Central Air
Heating
Central
Parking
Boat, Driveway, Garage Door Opener
Waterfront
Canal - Saltwater
Days on Market
58
Ceiling Fans(s)
Kitchen/Family Room Combo
Open Floorplan
Primarybedroom Upstairs
Solid Wood Cabinets
Split Bedroom
Stone Counters
Thermostat
Walk-in Closet(s)
Window Treatments
Lighting
Sliding Doors
Dog Park
Golf Carts OK
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer

Elementary

Palm View Elementary

High

Palmetto High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on fileFlood Zone AE

Annual Tax (2025)

$6,197

Parcel #

2210800005

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 Sec 2

County

Manatee

MLS Area

34221 - Palmetto/Rubonia

Lot Size

12,288 sqft

Cul-De-SacFloodZoneIn CountyLandscapedPavedUnincorporated
Date
Event
Price
7/15/2026
Listed for sale
Source: Stellar MLS #A4700079
$849,900
$383/sqft
Est. monthly payment$5,374/mo
Principal & interest$4,433
Property taxes$516
Insurance$425
Down payment20% · $169,980
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: $849,900
$840,000 – $849,900
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 58.

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

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