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For sale
    • Price cut: $100K (6/9)
    $998,000

    5003 COMMONWEALTH ROAD, PALMETTO, FL 34221

    3beds
    1,851sqft
    : 
    $6,477/mo
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    Single Family Residence
    Built in 1965
    0.41 Acres Lot
    $948,100 Zestimate®
    $539/sqft
    $-- HOA

    What's special

    Palm trees swayRare double lot
    Welcome to your private tropical retreat on Terra Ceia Bay! 5003 Commonwealth Road sits on a rare double lot 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.
    188 days
    |
    226
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Lester 941-981-5388,

    TIM LESTER INTERNAT'L REALTY 941-981-5388

    Source: Stellar MLS,MLS#: A4679863MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bonus Room, Den/Library/Office, Utility Room
      Primary bedroom
      • Features: Walk-In Closet(s)
      • Level: First
      • Area: 165 Square Feet
      • Dimensions: 11x15
      Bedroom 2
      • Features: Built-in Closet
      • Level: First
      • Area: 275 Square Feet
      • Dimensions: 11x25
      Bedroom 3
      • Features: Built-in Closet
      • Level: First
      • Area: 110 Square Feet
      • Dimensions: 10x11
      Balcony porch lanai
      • Level: First
      • Area: 387 Square Feet
      • Dimensions: 9x43
      Den
      • Level: First
      • Area: 220 Square Feet
      • Dimensions: 11x20
      Dining room
      • Level: First
      • Area: 80 Square Feet
      • Dimensions: 8x10
      Game room
      • Level: First
      • Area: 240 Square Feet
      • Dimensions: 15x16
      Kitchen
      • Level: First
      • Area: 140 Square Feet
      • Dimensions: 10x14
      Living room
      • Level: First
      • Area: 252 Square Feet
      • Dimensions: 14x18
      Office
      • Level: First
      • Area: 112 Square Feet
      • Dimensions: 8x14
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
      • Laundry: Inside, Laundry Room
      Features
      • Ceiling Fan(s), Eating Space In Kitchen, L Dining, Solid Surface Counters, Walk-In Closet(s)
      • Flooring: Carpet, Epoxy, Porcelain Tile
      • Windows: Blinds, Window Treatments, Skylight(s), Hurricane Shutters
      • Has fireplace: No
      Interior area
      • Total structure area: 4,390
      • Total interior livable area: 1,851 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Boat, Driveway, Guest, Oversized, RV Access/Parking
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      • Details: Garage Dimensions: 21x34
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Enclosed, Rear Porch, Screened
      • Exterior features: Irrigation System, Rain Gutters
      • Fencing: Chain Link
      • Has view: Yes
      • View description: Water, Bay/Harbor - Partial, Canal
      • Has water view: Yes
      • Water view: Water,Bay/Harbor - Partial,Canal
      • Waterfront features: Bay/Harbor Front, Waterfront, Canal - Saltwater, Saltwater Canal Access, Bridges - No Fixed Bridges, No Wake Zone, Sailboat Water, Seawall
      Lot
      • Size: 0.41 Acres
      • Features: Cleared, FloodZone, In County, Oversized Lot, Street Dead-End, Unincorporated
      Details
      • Parcel number: 2223600004
      • Zoning: RSF4.5/C
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Block, Stucco
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Completed
      • New construction: No
      • Year built: 1965

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Public, Sprinkler Well, Water Connected

      Community & HOA

      Community
      • Features: Bay/Harbor Front, Community Boat Ramp, Dock, Fishing, Water Access, Waterfront, Dog Park, Golf Carts OK
      • Pet fee: $0 monthly
      • Subdivision: PALMETTO SKYWAY REP
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Palmetto

      Financial & listing details

      • Price per square foot: $539/sqft
      • Tax assessed value: $1,015,861
      • Annual tax amount: $4,847
      • Date on market: 1/26/2026
      • Cumulative days on market: 189 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $948,100

        $901,000 - $996,000

        $3,059/mo

        Price history

        DateEventPrice
        6/9/2026Price change$998,000-9.1%$539/sqft
        Source: Stellar MLS #A4679863 Report a problem
        1/26/2026Listed for sale$1,098,000$593/sqft
        Source: Stellar MLS #A4679863 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,159 +6.4%$393,407 +2.9%
        2024$4,847 +1.1%$382,320 +3%
        2023$4,792 +2.6%$371,184 +3%
        2022$4,670 -0.2%$360,373 +3%
        2021$4,681 +0.9%$349,877 +1.4%
        2020$4,640 +1.5%$345,046 +2.3%
        2019$4,573 $337,288 +1.9%
        2018$4,573 +0.8%$330,999 +2.1%
        2017$4,537 +6.5%$324,191 +2.1%
        2016$4,262 $317,523 +0.7%
        2015$4,262 $315,316 +0.8%
        2014$4,262 +0.3%$312,813 +1.5%
        2013$4,251 +425018%$308,190 +1.7%
        2012$1 $303,038 +3%
        2011$1 $294,212 +1.5%
        2010-- $289,864 +2.7%
        2009$3,865 -3.3%$282,243 +0.1%
        2008$3,997 +4.7%$281,961 +3%
        2007$3,816 -4.9%$273,749 +2.5%
        2006$4,015 +0.1%$267,072 +3%
        2005$4,012 +1.8%$259,293 +3%
        2004$3,940 +0.3%$251,741 +1.9%
        2003$3,927 +2.2%$247,047 +2.4%
        2002$3,843 +3.3%$241,257 +1.6%
        2001$3,721 +1.3%$237,458 +3%
        2000$3,674 $230,542
        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.
        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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