Park the flip-flops and bring the boat keys — this is the kind of waterfront escape you daydream about after one too many office meetings. Sitting pretty on the widest deep-water canal in Bay Colony of Terra Ceia Bay, this laid-back coastal retreat comes with the ultimate bonus: a 1997 Sea Ray Cuddy Cabin already resting on its own 12,000 lb boat lift with a removable canvas cover. Because around here, sunset cruises beat rush hour every time. Inside, the vibe is pure relaxed luxury. This 2-bedroom, 2-bath waterfront hideaway welcomes you with jaw-dropping water views the second you walk through the door. The oversized 25-foot Florida room is basically one long front-row seat to paradise, wrapped in walls of windows that let the sunshine and sparkling canal views pour in all day long. There’s also a 1-car garage for the toys, gear, and fishing poles, but let’s be honest — life here is all about salty air, boat days, cold drinks, and deciding whether to fish, cruise, or just float the afternoon away. This isn’t just a home… it’s a permanent vacation with a dock attached. Nearly every inch of this home was thoughtfully updated in 2023, including plumbing, sewer lines, roof, insulation, hurricane-impact windows and doors, flooring, paint, fixtures, ceiling fans, interior doors, trim, and portions of the seawall — giving you peace of mind so you can focus on enjoying the Florida lifestyle. Conveniently located near I-275, I-75, US-41, and US-19, you’re just a short drive from the beaches, restaurants, arts, and nightlife of St. Petersburg and Sarasota — while still feeling tucked away in your own private waterfront escape. NOTE: This home did not have any flood damage from the recent 2024 storms. All renovations were done the year prior.
For sale
$650,000
5108 Commonwealth Rd, Palmetto, FL 34221
2beds
1,519sqft
Single Family Residence
Built in 1963
9,120 Square Feet Lot
$-- Zestimate®
$428/sqft
$-- HOA
What's special
Jaw-dropping water viewsDock attached
- 24 days |
- 466 |
- 26 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Randi Morgan 727-710-4386,
COLDWELL BANKER REALTY 727-821-3322
Source: Stellar MLS,MLS#: TB8507390
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room, Florida Room, Utility Room
Primary bedroom
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 165 Square Feet
- Dimensions: 15x11
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 180 Square Feet
- Dimensions: 15x12
Bedroom 2
- Features: Built-in Closet
- Level: First
- Area: 110 Square Feet
- Dimensions: 11x10
Family room
- Level: First
- Area: 160 Square Feet
- Dimensions: 20x8
Florida room
- Level: First
- Area: 225 Square Feet
- Dimensions: 25x9
Kitchen
- Level: First
- Area: 80 Square Feet
- Dimensions: 10x8
Kitchen
- Level: First
- Area: 114.75 Square Feet
- Dimensions: 13.5x8.5
Living room
- Level: First
- Area: 192 Square Feet
- Dimensions: 16x12
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry: Electric Dryer Hookup, In Kitchen, Laundry Room
Features
- Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor
- Flooring: Luxury Vinyl, Terrazzo
- Windows: Blinds, Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 1,847
- Total interior livable area: 1,519 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage Door Opener
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio, Porch
- Exterior features: Lighting
- Fencing: Fenced
- Has view: Yes
- View description: Water, Canal
- Has water view: Yes
- Water view: Water,Canal
- Waterfront features: Canal - Saltwater, Bay/Harbor Access, Saltwater Canal Access, Gulf/Ocean to Bay Access, Bridges - No Fixed Bridges, Davits, Lift, Lift - Covered, No Wake Zone, Sailboat Water, Seawall
Lot
- Size: 9,120 Square Feet
- Features: FloodZone, In County
Details
- Parcel number: 2221300003
- Zoning: RSF4.5/C
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: PALMETTO SKYWAY REP
HOA
- Has HOA: No
Location
- Region: Palmetto
Financial & listing details
- Price per square foot: $428/sqft
- Tax assessed value: $547,335
- Annual tax amount: $3,601
- Date on market: 5/13/2026
- Cumulative days on market: 24 days
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Listed for sale | $650,000$428/sqft |
Source:  Stellar MLS #TB8507390 Report a problem | ||
| 3/3/2026 | Listing removed | $650,000$428/sqft |
Source: Stellar MLS #TB8426810 Report a problem | ||
| 9/12/2025 | Listed for sale | $650,000-13.3%$428/sqft |
Source: Stellar MLS #TB8426810 Report a problem | ||
| 9/1/2025 | Listing removed | $749,900$494/sqft |
Source: Stellar MLS #TB8387051 Report a problem | ||
| 5/17/2025 | Listed for sale | $749,900-10.7%$494/sqft |
Source: Stellar MLS #TB8387051 Report a problem | ||
| 4/15/2025 | Listing removed | $840,000$553/sqft |
Source: Stellar MLS #TB8324293 Report a problem | ||
| 2/12/2025 | Price change | $840,000-3.9%$553/sqft |
Source: Stellar MLS #TB8324293 Report a problem | ||
| 1/14/2025 | Price change | $874,000-0.6%$575/sqft |
Source: Stellar MLS #TB8324293 Report a problem | ||
| 12/1/2024 | Listed for sale | $879,000+177.3%$579/sqft |
Source: Stellar MLS #TB8324293 Report a problem | ||
| 3/9/2017 | Sold | $317,000-2.4%$209/sqft |
Source: Public Record Report a problem | ||
| 3/8/2017 | Listed for sale | $324,900$214/sqft |
Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem | ||
| 2/15/2017 | Pending sale | $324,900$214/sqft |
Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem | ||
| 1/18/2017 | Price change | $324,900-4.4%$214/sqft |
Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem | ||
| 10/17/2016 | Listed for sale | $339,900$224/sqft |
Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,293 +1.3% | $345,878 +3% |
| 2023 | $4,239 +1.2% | $335,804 +3% |
| 2022 | $4,188 -0.3% | $326,023 +3% |
| 2021 | $4,202 +6.4% | $316,527 +6.4% |
| 2020 | $3,950 +5.6% | $297,423 +6% |
| 2019 | $3,741 | $280,531 +0.6% |
| 2018 | $3,741 -0.5% | $278,798 +8.5% |
| 2017 | $3,761 +17.8% | $256,969 +26.2% |
| 2014 | $3,192 +7.4% | $203,564 +9.3% |
| 2013 | $2,971 +296973% | $186,240 +1.4% |
| 2012 | $1 | $183,705 -1.3% |
| 2011 | $1 | $186,071 +30.6% |
| 2010 | -- | $142,437 +2.7% |
| 2009 | $1,899 +7.1% | $138,692 +0.1% |
| 2008 | $1,773 +5.5% | $138,553 +3% |
| 2007 | $1,680 -4.6% | $134,517 +2.5% |
| 2006 | $1,762 +0.5% | $131,236 +3% |
| 2005 | $1,754 +2.3% | $127,414 +3% |
| 2004 | $1,715 +3.2% | $123,703 +4.3% |
| 2002 | $1,663 +3.5% | $118,551 +1.6% |
| 2001 | $1,606 +1.8% | $116,684 +3% |
| 2000 | $1,578 | $113,285 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 34221
Nearby schools
GreatSchools rating
- 3/10Palm View Elementary SchoolGrades: PK-8Distance: 1.1 mi
- 2/10Palmetto High SchoolGrades: 8-12Distance: 2.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Manatee County
- Palmetto
- 34221
- 5108 Commonwealth Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Palmetto Topics
