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Property for sale at 5108 COMMONWEALTH ROAD, PALMETTO, FL, 34221
Property for sale at 5108 COMMONWEALTH ROAD, PALMETTO, FL, 34221
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5108 Commonwealth RoadPalmetto, FL, 34221

2beds
2baths
1,519sqft
Single Family Residence
Built in 1963
$625,000
For sale
$650,000−$25,000 (4%)
Price per sqft
$411
Days on market
178
Listed
May 13
Last reduction
−$19,900
Sep 1, 2026
MLS #TB8507390Updated Oct 6, 2026

About this property

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!

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Property details

Property type
Single Family Residence
Street address
5108 Commonwealth Road
City
Palmetto
State
FL
ZIP code
34221
Year built
1963
New construction
No
Faces
West
Rooms
8
Living area
1,519 sqft
Total building area
1,847 sqft
Architectural style
Ranch
Levels
One

Stellar MLSThe 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 November 7, 2026 at 8:15 PM EST

Price & sale history

Asking price reduced by $25,000 (3.8%) since first listed.

EventPrice
Price reducedMLS #TB8507390$625,000Change: −3.8%−$25,000
Listed for saleMLS #TB8507390$650,000
SoldMLS #A4166939$317,000
Price reducedMLS #A4166939$324,900Change: −4.4%−$15,000
History may be incomplete.
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Location

Property for sale at 5108 COMMONWEALTH ROAD, PALMETTO, FL, 34221
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