196 days on market$925,000Price reduced by $75,000 on Oct 13, 2026
1740 Bayshore DriveTerra Ceia, FL, 34250
- 3 beds
- 2 baths
- 2,436 sqft
1 / 52
5003 Commonwealth RoadPalmetto, FL, 34221
3beds
3baths
1,851sqft
Single Family Residence
Built in 1965
$948,000
For sale
$1,098,000−$150,000 (14%)
- Price per sqft
- $512
- Days on market
- 269
- Listed
- Jan 26
- Last reduction
- −$50,000
- Aug 18, 2026
MLS #A4679863Updated Aug 18, 2026
About this property
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.
Top Villas Intelligence
Projected rental revenue and ownership costsSign in to view rental intelligenceSee projected rental revenue, ownership costs, operating yield, and supporting evidence.
Interested in this property?
Speak to GabyProperty Specialist, SerhantGaby can arrange a viewing, answer your questions and prepare a personalized rental projection.
No pressure. Your details stay private.
Property details
- Property type
- Single Family Residence
- Street address
- 5003 Commonwealth Road
- City
- Palmetto
- State
- FL
- ZIP code
- 34221
- Year built
- 1965
- New construction
- No
- Attached property
- No
- Faces
- East
- Rooms
- 10
- Living area
- 1,851 sqft
- Total building area
- 4,390 sqft
- Architectural style
- Ranch
- Levels
- One
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDTPrice & sale history
Asking price reduced by $150,000 (13.7%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #A4679863 | $948,000Change: −13.7%−$150,000 | −13.7%−$150,000 | |
| Listed for saleMLS #A4679863 | $1,098,000 | Not applicable |
History may be incomplete.
Location
Learn more about this propertyGet in touch for more information
