5108 COMMONWEALTH ROAD Palmetto, FL $ 650,000
5108 COMMONWEALTH ROAD
$ 650,000
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5108 COMMONWEALTH ROAD

Palmetto, FL, 34221
$ 650,000
Bedrooms2 Baths2.0 Sq 1,519

Monthly Estimate*

$ 4,002

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Single Family Home for sale in Palmetto, FL

for $650,000 with 2 bedrooms and 2 full baths. This 1,519 square foot home was built in 1963 on a lot size of 0.21.

One or more photo(s) has been virtually staged. Welcome to Bay Colony, a highly sought-after waterfront community set along the deep-water canals of Terra Ceia Bay. This beautifully renovated two-bedroom, two-bath home with a flex room and one-car garage offers peace of mind, modern upgrades, and exceptional waterfront living. Ideally positioned between St. Petersburg and Sarasota, the location provides convenient access to I-275, I-75, US-41, and US-19. World-class dining, shopping, cultural attractions, and Gulf Coast beaches are all within approximately 30 minutes. Inside, the bright and open floor plan creates a seamless flow between the living and dining areas, ideal for both everyday living and entertaining. New luxury vinyl plank flooring runs throughout the home, enhancing durability and style. The home has been comprehensively updated in 2023, including new hot and cold water plumbing, new sewer lines, a new roof with insulation, and new hurricane-impact windows and doors. The chef’s kitchen is a true centerpiece, featuring new shaker-style cabinetry, quartz countertops, a deep farmhouse sink, and all-new stainless-steel appliances, including a natural gas range. A spacious walk-in pantry offers excellent storage and organization. The sun-filled Florida Room, lined with expansive windows and French doors, opens to the backyard and waterfront, providing a versatile space for relaxing, entertaining, or enjoying the view. Exterior improvements completed in 2023 include new stucco, a new concrete walkway surrounding the home, and enhanced outdoor living features. The primary suite offers abundant natural light, generous closet space, and a beautifully updated ensuite bath with a quartz-topped vanity and walk-in shower. An adjacent private flex room is ideal for a home office, studio, nursery, or fitness space. A second bedroom and full bath are thoughtfully located across the hall, offering privacy for guests. The secondary bath includes a soaking tub, pedestal sink, and built-in storage. For boating enthusiasts, this property truly stands out. The waterfront has been fully upgraded with a new bulkhead, new dock, new canopy, and a 12,000-lb boat lift. A 27’ Sea Ray boat conveys with the home, making this a rare turnkey waterfront opportunity. The composite dock is equipped with water and electricity, allowing you to enjoy effortless access to Terra Ceia Bay and unforgettable Florida sunsets right from your backyard. Don’t miss the opportunity to make 5108 Commonwealth Rd your waterfront retreat. Schedule your private showing today.

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Single Family Active

Price

$ 650,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 4,292

Style

Single Family Residence

Lot Size

0.21

Year Built

1963

Town/City

Palmetto

County/Region

Manatee

MLS | Web ID

TB8426810

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Electricity Connected Water Connected
Roof Shingle
Appliances Cooktop Electric Water Heater Range Refrigerator
Zoning RSF4.5/C
Garage Spaces 1
Construction Materials Block
Pets Allowed Yes
Year Built 1963
Levels One
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
Waterfront Features Canal - Saltwater
County Manatee
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name PALMETTO SKYWAY REP
Facing Direction West
Garage Y/N true
Total Rooms 7
Full Baths 2
Status Active
Directions From I-275 take exit 5 onto US Hwy 19 South towards Palmetto/Bradenton turn right onto 50th street west. Follow straight through and turn right on Commonwealth. The home is located on the right. From I -75 take 301 north.
High School Palmetto High
City PALMETTO
Senior Community Y/N false
MLS Area 34221 - Palmetto/Rubonia
Lot Size Units Square Feet
Lot Size Square Feet 9121
Carport Y/N false
Elementary School Palm View Elementary
Land Lease Y/N false
Tax Annual Amount 4292.79
Middle/Junior High School Buffalo Creek Middle
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://next-door-photos.vr-360-tour.com/e/PgYBmRwXEmE/e?accessibility=false&dimensions=false&hidelive=true&share_button=false&t_3d_model_dimensions=false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 132
Legal Description LOT 132 PALMETTO SKYWAY REPLAT PI#22213.0000/3
Water View Canal
Water Access Type Canal - Saltwater
Minimum Lease No Minimum
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE
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Interior
Interior Amenities Built-in Features Ceiling Fan(s) Open Floorplan Primary Bedroom Main Floor Solid Surface Counters Thermostat
Flooring Vinyl
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Inside
Total Bedrooms 2
Total Baths 2
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Exterior
Exterior Amenities French Doors Lighting Private Mailbox Rain Gutters
Water Source Public
Lot Size Area 9121
Foundation Details Slab
Building Area Total 1847
Lot Dimensions 76 x 120
Lot Size Acres 0.21
Road Surface Type Paved
Private Pool false
Waterfront Y/N true
Covered Spaces 1
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* Excluded Features
List By
Mark Spain Real Estate

Broker

Chrissakamoto@markspain.com

Email

Affordability Calculator

$4,360
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$358
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Palmetto High High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$650,000 Listed Price

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5108 COMMONWEALTH ROAD, Palmetto, FL, 34221 is a Single Family Home for sale at $650,000 with 1,519 sqft and a lot size of 0.21. 5108 COMMONWEALTH ROAD has 2 bedrooms, 2.0 baths, and was built in 1963. The property's zip code is 34221 which is in Palmetto, FL