5108 Commonwealth Rd, photo 1
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Overview

2 bd2 ba1,519 sqft1 car garageSingle Family
TypeSingle Family
HOANone listed
Built1963
Lot9,120 sqft
Living area1,519 sqft
Price / sqft$411
Garage1 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Kitchen/Family Room ComboLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorWindow TreatmentsLightingDishwasher

5108 Commonwealth Rd is a 1963-built home in Palmetto Skyway Rep, Palmetto. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,519 square feet of living space. Listed at $625,000 (about $411/sqft), 153 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Park the flip-flops and bring the boat keys — this is the kind of waterfront escape you daydream about after one too many office meetings. Sitting pretty on the widest deep-water canal in Bay Colony of Terra Ceia Bay, this laid-back coastal retreat comes with the ultimate bonus: a 1997 Sea Ray Cuddy Cabin already resting on its own 12,000lb boat lift with a removable canvas cover. Because around here, sunset cruises beat rush hour every time. Inside, the vibe is pure relaxed luxury. This 2-bedroom, 2-bath waterfront hideaway welcomes you with jaw-dropping water views the second you walk through the door. The flex space in the master bedroom can be drywalled in and become a 3rd bedroom, office, or nursery with ease. The oversized 25-foot Florida room is basically one long front-row seat to paradise, wrapped in walls of windows that let the sunshine and sparkling canal views pour in all day long. There’s also a 1-car garage for the toys, gear, and fishing poles, but let’s be honest — life here is all about salty air, boat days, cold drinks, and deciding whether to fish, cruise, or just float the afternoon away. This isn’t just a home… it’s a permanent vacation with a dock attached. Nearly every inch of this home was thoughtfully updated in 2023, including plumbing, sewer lines, roof, insulation, hurricane-impact windows and doors, flooring, paint, fixtures, ceiling fans, interior doors, trim, and portions of the seawall — giving you peace of mind so you can focus on enjoying the Florida lifestyle. Conveniently located near I-275, I-75, US-41, and US-19, you’re just a short drive from the beaches, restaurants, arts, and nightlife of St. Petersburg and Sarasota — while still feeling tucked away in your own private waterfront escape. NOTE: This home did not have any flood damage from the recent 2024 storms. All renovations were completed in 2023. Schedule your showing today!

The essentials

Built
1963
Price / sqft
$411
On market
153 days
Annual tax
$3,601
Flood zone
AE
Lot
9,120 sqft
Type
Single Family Residence

At a glance

Single family
Built 1963
Waterfront
Canal - Saltwater
1 car garage
Garage Door Opener
9,120 sqft lot
Lot size
1,519 sqft
Living area

Payment

Est. monthly payment
$3,873/mo
Down payment (20%)
$125,000
Property taxes
$300/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1963
Lot
9,120 sqft
Cooling
Central Air
Heating
Central
Parking
Garage Door Opener
Waterfront
Canal - Saltwater
Days on Market
153
Ceiling Fans(s)
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Window Treatments
Lighting
Dishwasher
Electric Water Heater
Microwave
Range
Refrigerator
Flood Zone AE
Annual Tax (2025)
$3,601
Parcel #
2221300003

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
9,120 sqft
FloodZoneIn County

Price history

Date
Event
Price
9/2/2026
Price change
Source: Stellar MLS #TB8507390
$625,000-3.1%
$411/sqft
-
Price change
Source: Stellar MLS #TB8507390
$644,900-0.8%
$425/sqft
5/12/2026
Listed for sale
Source: Stellar MLS #TB8507390
$650,000
$428/sqft

Neighborhood

5108 Commonwealth Rd
Palmetto, FL, 34221 · 34221 - Palmetto/Rubonia

Market insights

Offer Insights

Choose an offer strength

List price: $625,000
$620,000 – $625,000
98.8% – 100% of listTops out right at the list price
80% of listList price
224 of the last 447 home closings in 34221 landed at this number or higher (50%). The median one sat 46 days before it went under contract, and this one is on day 153 after a $25,000 cut.

Sample: 447 closed home sales in 34221 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$3,872/mo
Principal & interest$3,260
Property taxes$300
Insurance$313
Down payment20% · $125,000
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

$625,000

$411 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,519 sq ft

Time on market

153 days

Year built

1963

Monthly payment

About $3,873/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,601 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 byCOLDWELL BANKER REALTYListing agent: Randi MorganListing data from Stellar MLS, MLS# TB8507390.

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