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For sale
    • Price cut: $5K (6/30)
    $645,000

    5108 Commonwealth Rd, Palmetto, FL 34221

    2beds
    1,519sqft
    : 
    $4,186/mo
    Get pre-qualified
    Single Family Residence
    Built in 1963
    9,120 Square Feet Lot
    $-- Zestimate®
    $425/sqft
    $-- HOA

    What's special

    Private waterfront escapeJaw-dropping water views
    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 12,000lb 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 flex space in the master bedroom can be drywalled in and become a 3rd bedroom, office, or nursery with ease. 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 completed in 2023. Schedule your showing today!
    74 days
    |
    350
    |
    23
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    Zillow last checked:

    Listing updated:

    Listed by:

    Randi Morgan 727-710-4386,

    COLDWELL BANKER REALTY 727-821-3322

    Source: Stellar MLS,MLS#: TB8507390MLS LogoOriginating MLS: Suncoast Tampa

      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
      • 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: 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
      • Dimensions: 76 x 120
      • 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: $425/sqft
      • Tax assessed value: $546,790
      • Annual tax amount: $3,601
      • Date on market: 5/13/2026
      • Cumulative days on market: 75 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

        DateEventPrice
        6/30/2026Price change$645,000-0.8%$425/sqft
        Source: Stellar MLS #TB8507390 Report a problem
        5/13/2026Listed for sale$650,000$428/sqft
        Source: Stellar MLS #TB8507390 Report a problem
        3/3/2026Listing removed$650,000$428/sqft
        Source: Stellar MLS #TB8426810 Report a problem
        9/12/2025Listed for sale$650,000-13.3%$428/sqft
        Source: Stellar MLS #TB8426810 Report a problem
        9/1/2025Listing removed$749,900$494/sqft
        Source: Stellar MLS #TB8387051 Report a problem
        5/17/2025Listed for sale$749,900-10.7%$494/sqft
        Source: Stellar MLS #TB8387051 Report a problem
        4/15/2025Listing removed$840,000$553/sqft
        Source: Stellar MLS #TB8324293 Report a problem
        2/12/2025Price change$840,000-3.9%$553/sqft
        Source: Stellar MLS #TB8324293 Report a problem
        1/14/2025Price change$874,000-0.6%$575/sqft
        Source: Stellar MLS #TB8324293 Report a problem
        12/1/2024Listed for sale$879,000+177.3%$579/sqft
        Source: Stellar MLS #TB8324293 Report a problem
        3/9/2017Sold$317,000-2.4%$209/sqft
        Source: Public Record Report a problem
        3/8/2017Listed for sale$324,900$214/sqft
        Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem
        2/15/2017Pending sale$324,900$214/sqft
        Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem
        1/18/2017Price change$324,900-4.4%$214/sqft
        Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem
        10/17/2016Listed for sale$339,900$224/sqft
        Source: RE/MAX ALLIANCE GROUP #A4166939 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,816 +82.1%$546,790 +58.1%
        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

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        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

        Getting around

        7 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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