Skip main navigation
For sale
    • $849,900

    5404 BAY STATE ROAD, PALMETTO, FL 34221

    3beds
    2,220sqft
    : 
    $5,515/mo
    Get pre-qualified
    Single Family Residence
    Built in 1982
    0.28 Acres Lot
    $801,700 Zestimate®
    $383/sqft
    $-- HOA

    What's special

    Stylish designer backsplashBeautifully updated kitchenAbundant natural lightDirect boating accessSleek quartz countertopsFlexible living spaceElegant finishes
    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!
    47 days
    829
    44

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Lester 941-981-5388,

    TIM LESTER INTERNAT'L REALTY 941-981-5388

    Source: Stellar MLS,MLS#: A4700079MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bonus Room
      Primary bedroom
      • Features: Walk-In Closet(s)
      • Level: Second
      • Area: 256.5 Square Feet
      • Dimensions: 13.5x19
      Bedroom 2
      • Features: Built-in Closet
      • Level: Second
      • Area: 115.5 Square Feet
      • Dimensions: 10.5x11
      Bedroom 3
      • Features: Built-in Closet
      • Level: Second
      • Area: 115 Square Feet
      • Dimensions: 10x11.5
      Bonus room
      • Features: Built-in Closet
      • Level: First
      • Area: 520 Square Feet
      • Dimensions: 20x26
      Dining room
      • Level: Second
      • Area: 150 Square Feet
      • Dimensions: 10x15
      Kitchen
      • Level: Second
      • Area: 111.64 Square Feet
      • Dimensions: 9.75x11.45
      Living room
      • Level: Second
      • Area: 361 Square Feet
      • Dimensions: 19x19
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
      • Laundry: Inside, Laundry Chute, Laundry Room
      Features
      • Ceiling Fan(s), Kitchen/Family Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
      • Flooring: Vinyl
      • Doors: Sliding Doors
      • Windows: Window Treatments
      • Has fireplace: Yes
      • Fireplace features: Family Room, Wood Burning
      Interior area
      • Total structure area: 3,080
      • Total interior livable area: 2,220 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Boat, Driveway, Garage Door Opener
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      • Details: Garage Dimensions: 22x30
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Rear Porch
      • Exterior features: Irrigation System, Lighting
      • Fencing: Chain Link
      • Has view: Yes
      • View description: Water, Canal
      • Has water view: Yes
      • Water view: Water,Canal
      • Waterfront features: Bay/Harbor Front, Canal Front, Waterfront, Canal - Saltwater, Saltwater Canal Access, Bridges - No Fixed Bridges, Davits, Lift, Sailboat Water, Seawall
      • Body of water: TERRA CEIA BAY
      Lot
      • Size: 0.28 Acres
      • Features: Cul-De-Sac, FloodZone, In County, Landscaped, Unincorporated
      • Residential vegetation: Mature Landscaping
      Details
      • Parcel number: 2210800005
      • Zoning: RSF4.5/C
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Block, Stucco, Wood Frame (FSC Certified)
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Completed
      • New construction: No
      • Year built: 1982

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sprinkler Well

      Community & HOA

      Community
      • Features: Bay/Harbor Front, Canal Front, Community Boat Ramp, Fishing, Water Access, Waterfront, Dog Park, Golf Carts OK
      • Pet fee: $0 monthly
      • Subdivision: PALMETTO SKYWAY SEC 2
      HOA
      • Has HOA: No
      Location
      • Region: Palmetto

      Financial & listing details

      • Price per square foot: $383/sqft
      • Tax assessed value: $683,561
      • Annual tax amount: $6,197
      • Date on market: 7/15/2026
      • Cumulative days on market: 24 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $801,700

        $762,000 - $842,000

        $2,475/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$849,900+104.8%$383/sqft
        Source: Stellar MLS #A4700079 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        3/6/2020Sold$415,000-7.6%$187/sqft
        Source: Public Record Report a problem
        2/7/2020Pending sale$449,000$202/sqft
        Source: Owner Report a problem
        1/9/2020Listed for sale$449,000-28.2%$202/sqft
        Source: Owner Report a problem
        4/10/2006Sold$625,000$282/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,197 +6.4%$468,547 +2.9%
        2024$5,823 +1%$455,342 +3%
        2023$5,764 +2.5%$442,080 +3%
        2022$5,622 -0.3%$429,204 +3%
        2021$5,641 +46.7%$416,703 +43.6%
        2020$3,845 +1.5%$290,143 +2.3%
        2019$3,787 $283,620 +1.9%
        2018$3,787 +0.9%$278,332 +2.1%
        2017$3,754 +6.7%$272,607 +2.1%
        2016$3,518 $267,000 +0.7%
        2015$3,518 $265,144 +0.8%
        2014$3,518 +0.3%$263,040 +1.5%
        2013$3,508 +350651%$259,153 +1.6%
        2012$1 $255,179 -1.9%
        2011$1 $260,230 -5.2%
        2010-- $274,569 -21%
        2009$4,862 -20.8%$347,655 -15.1%
        2008$6,136 -17.2%$409,436 -15.3%
        2007$7,412 +170.9%$483,143 +153.6%
        2006$2,737 +0.2%$190,509 +3%
        2005$2,731 +2%$184,960 +3%
        2004$2,677 +0.1%$179,573 +1.9%
        2003$2,675 +2.3%$176,225 +2.4%
        2002$2,614 +3.4%$172,095 +1.6%
        2001$2,529 +1.5%$169,385 +3%
        2000$2,492 $164,451
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 34221

        Getting around

        6 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Palm View Elementary
        • High: Palmetto High

        Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Palmetto Topics

                Search
                Updates
                Favorites
                Plan
                Inbox