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$1,098,000 - 5003 Commonwealth Road, PALMETTO

3
Bedrooms
3
Baths
1,851
SQ. Feet
0.41
Acres

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.

Essential Information

  • MLS® #:
    A4679863
  • Price:
    $1,098,000
  • Bedrooms:
    3
  • Bathrooms:
    3.00
  • Full Baths:
    3
  • Square Footage:
    1,851
  • Acres:
    0.41
  • Year Built:
    1965
  • Type:
    Residential
  • Sub-Type:
    Single Family Residence
  • Style:
    Ranch
  • Status:
    Active

Community Information

  • Address:
    5003 Commonwealth Road
  • Area:
    Palmetto/Rubonia
  • Subdivision:
    PALMETTO SKYWAY REP
  • City:
    PALMETTO
  • County:
    Manatee
  • State:
    FL
  • Zip Code:
    34221

Amenities

  • Parking:
    Boat, Driveway, Guest, Oversized, RV Access/Parking
  • # of Garages:
    2
  • View:
    Water
  • Is Waterfront:
    Yes
  • Waterfront:
    Canal - Saltwater

Interior

  • Interior Features:
    Ceiling Fans(s), Eat-in Kitchen, L Dining, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances:
    Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Heating:
    Central
  • Cooling:
    Central Air

Exterior

  • Exterior Features:
    Hurricane Shutters, Rain Gutters
  • Lot Description:
    Cleared, FloodZone, In County, Oversized Lot, Street Dead-End, Paved, Unincorporated
  • Roof:
    Shingle
  • Foundation:
    Slab

Additional Information

  • Days on Market:
    2
  • Zoning:
    RSF4.5/C

Listing Details

  • Listing Office:
    Tim Lester Internat'l Realty

Listing information courtesy of Tim Lester Internat'l Realty.

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Listing data comes from My Florida Regional MLS.

Listing information last updated on January 28th, 2026 at 3:34am EST.