Residential Property - Single Family Residence in Palmetto
Listing Price: $1,098,000 (Mortgage Calculator →)
Description of Property
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.
Bedrooms: 3
Bathrooms: 3
Sq. Ft. Gross: 4,390
Garage: Yes2 vehicles
Carport: No
Parking Features: RV Parking
Spa Features:
Water Frontage: Canal - Saltwater
Water Features: Seawall - Concrete
Water Access: Canal - Saltwater
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Palmetto
County: Manatee
Subdivision: Palmetto Skyway Rep
Bedrooms: 3
Bathrooms: 3
Sq. Ft. Gross: 4,390
Sq. Ft. Living Area: 1,851
Cost per (heated) sqare foot: $593
Year built: 1965
Annual Tax: $4,847
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- None
Appliances: Washer
Window Features: Window Treatments
Additional Rooms: Inside Utility
Flooring: Porcelain Tile
Pool & Waterfront Info
Private Pool: Not specified
Water Front: Yes
Water Frontage: Canal - Saltwater
Water Access: Yes
Water Access Type: Canal - Saltwater
Exterior & Construction
Architectural Style: Ranch
Construction: Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Rain Gutters
Garage: Yes
Garage Spaces: 2
Parking Features: RV Parking
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features: Screened
Security Features:
Other Structures:
View: Water
Fencing: Chain Link
Sewer: Public Sewer
Water Source: Public
Community Features: Golf Carts OK
Lot Information
Lot Features: Unincorporated
Lot Size (acres): 0.41
Lot Size (sq. ft.): 17,999 square feet
Road Frontage: Street Paved
Front Exposure: East
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 2223600004
Zoning: RSF4.5/C
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOTS 153 & 154 PALMETTO SKYWAY REPLAT PI#22236.0000/4
Section: 35
Range: 17
Listing courtesy of TIM LESTER INTERNAT'L REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.