5003 Commonwealth Rd, photo 1
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Overview

3 bd3 ba1,851 sqft2 car garageSingle Family
TypeSingle Family
HOANone listed
Built1965
Lot17,999 sqft
Living area1,851 sqft
Price / sqft$512
Garage2 car

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About this home

Ceiling Fans(s)Eat-in KitchenL DiningSolid Surface CountersWalk-in Closet(s)Window TreatmentsHurricane ShuttersRain Gutters

5003 Commonwealth Rd is a 1965-built home in Palmetto Skyway Rep, Palmetto. Inside you'll find 3 bedrooms, 3 bathrooms, and 1,851 square feet of living space. Listed at $948,000 (about $512/sqft), 269 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

The essentials

Built
1965
Price / sqft
$512
On market
269 days
Annual tax
$4,847
Flood zone
AE
Lot
17,999 sqft
Type
Single Family Residence

At a glance

Single family
Built 1965
Waterfront
Canal - Saltwater
2 car garage
Boat
0.41 acres
Lot size
1,851 sqft
Living area

Payment

Est. monthly payment
$5,822/mo
Down payment (20%)
$189,600
Property taxes
$404/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1965
Lot
17,999 sqft
Cooling
Central Air
Heating
Central
Parking
Boat, Driveway, Guest, Oversized, RV Access/Parking
Waterfront
Canal - Saltwater
Days on Market
269
Ceiling Fans(s)
Eat-in Kitchen
L Dining
Solid Surface Counters
Walk-in Closet(s)
Window Treatments
Hurricane Shutters
Rain Gutters
Dog Park
Golf Carts OK
Dishwasher
Disposal
Dryer
Electric Water Heater
Range
Refrigerator
Washer
Homestead exemption on file Flood Zone AE
Annual Tax (2024)
$4,847
Parcel #
2223600004

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Palmetto Skyway Rep
County
Manatee
MLS Area
34221 - Palmetto/Rubonia
Lot Size
17,999 sqft
ClearedFloodZoneIn CountyOversized LotStreet Dead-EndPavedUnincorporated

Price history

Date
Event
Price
8/18/2026
Price change
Source: Stellar MLS #A4679863
$948,000-5.0%
$512/sqft
-
Price change
Source: Stellar MLS #A4679863
$998,000-9.1%
$539/sqft
1/23/2026
Listed for sale
Source: Stellar MLS #A4679863
$1,098,000
$593/sqft

Neighborhood

5003 Commonwealth Rd
Palmetto, FL, 34221 · 34221 - Palmetto/Rubonia

Market insights

Offer Insights

Choose an offer strength

List price: $948,000
$935,000 – $948,000
98.8% – 100% of listTops out right at the list price
80% of listList price
236 of the last 469 home closings in 34221 landed at this number or higher (50%). The median one sat 47 days before it went under contract, and this one is on day 269 after a $150,000 cut.

Sample: 469 closed home sales in 34221 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$5,822/mo
Principal & interest$4,944
Property taxes$404
Insurance$474
Down payment20% · $189,600
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$948,000

$512 per sq ft

Beds and baths

3 beds, 3 baths

Size

1,851 sq ft

Time on market

269 days

Year built

1965

Monthly payment

About $5,822/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,847 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

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Brokered byTIM LESTER INTERNAT'L REALTYListing agent: Tim LesterListing data from Stellar MLS, MLS# A4679863.

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