About This Home

This 3-bedroom, 3-bathroom single family at 5003 COMMONWEALTH Road in Palmetto, FL is listed for $948,000 ($512 per sqft). Built in 1965, the home offers 1,851 sqft of living space on a 0.41 acres lot.

Key Features

  • Built in 1965
  • 0.41 acre lot
  • Waterfront

Property Details

1 story
3 full
2-car garage
1965

Amenities

WaterfrontViewA/CRV Parking
Listing Description

Welcome to your private tropical retreat on Terra Ceia Bay! 5003 Commonwealth Road sits on two 75 foot lots 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.

Monthly Cost Estimate

$5,070/mo

20% down · 6.5% · 30 years

Principal$686
Interest$4,108
Insurance$277

Estimates only. Actual payments may vary.

Location

5003 COMMONWEALTH Road

Palmetto, FL 34221

PALMETTO SKYWAY REP

Features & Amenities

Interior Features

Ceiling Fans(s)Eat-in KitchenL DiningSolid Surface CountersWalk-In Closet(s)Window Treatments

Exterior Features

Hurricane ShuttersRain Gutters

Property Details

Flooring

TileCarpetEpoxy

Construction

Block Stucco

Views

WaterHarbor

Outdoor Features

Porch

Parking

DrivewayBoatGuestOversizeRV

Heating

Central

Cooling

Central Air

Appliances

DishwasherDisposalDryerElectric Water HeaterRangeRefrigeratorWasher

Questions & Answers

This 3-bedroom, 3-bathroom single family at 5003 COMMONWEALTH Road is listed at $948,000 ($512/sqft). The estimated monthly payment is $5,071 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 0.41 acre lot, Waterfront. Interior Features: Ceiling Fans(s), Eat-in Kitchen, L Dining. Exterior Features: Hurricane Shutters, Rain Gutters.

This property is listed by Tim Lester.

TL

Tim Lester

Agent at Tim Lester International Realty Inc.

Listed by Tim Lester International Realty Inc. · Broker phone: (941) 524-8465 · View on Broker Site · Broker website

MLS# A4679863· Source: Stellar MLS· 277 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5003 COMMONWEALTH Road, Palmetto, FL 34221

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