5003 Commonwealth Rd

Palmetto, FL 34221

$1,098,000
Price
3
Beds
1,851 Sq. Ft.
$593 / Sq. Ft.
1,851
Sq. Ft.
$593
per Sq. Ft.
New
New

Description

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...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.
  1. Listed by Tim Lester • Brokerage DRE #1036223 • TIM LESTER INTERNAT'L REALTY
    P: (941)-981-5388 C: (941)-524-8465 tim@timlesterrealty.com

Property Details for 5003 Commonwealth Road

Architectural Style
Ranch
Subdivision Name
PALMETTO SKYWAY REP
Township
33
Garage Spaces
2
View
Water
Waterfront
Yes
Water View
Bay/Harbor - Partial, Canal
Furnished
Unfurnished
LISTING UPDATED: 01/27/2026 06:54 AM

Property Details for 5003 Commonwealth Road

StatusActive
MLS #A4679863
Days on Market1
Taxes$4,847 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1965
Lot Size0.41 AC / 17,999 SF
CountyManatee County

Location

Listing Courtesy of TIM LESTER INTERNAT'L REALTY, Tim Lester
Add your commute

Building Information for 5003 Commonwealth Road

Stories-Year Built1965Building Size-Lot Size0.41 AC / 17,999 SF

Payment Calculator

$5,755 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,351

Property Taxes

$404

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5003 Commonwealth Road

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 4390.0
  • Building Area Units: Square Feet
  • Community Features: Bay/Harbor Front, Community Boat Ramp, Dock, Fishing, Water Access, Waterfront, Dog Park, Golf Carts OK
  • Direction Faces: East
  • Directions: US-41 BUS N, Merge onto US-19 N, Turn left onto 50th St W, Slight left onto Palmetto Point Dr, Turn right onto Commonwealth Rd, Home will be on the left.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: Street Dead-End, Street Paved
  • Senior Community: No
  • SW Subdiv Community Name: Palmetto Skyway
  • Unit Number: No
  • Street Number: 5003
  • Street Name: COMMONWEALTH
  • Street Suffix: ROAD
  • State: FL
  • City: PALMETTO
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage Dimensions: 21x34
  • Garage: Yes
  • Parking Features: Boat, Driveway, Guest, Oversized, RV Parking
Taxes and HOA Information
  • Association Approval Required: No
  • Association Fee Includes: None
  • Association: No
  • CDD: No
  • Pet Restrictions: Verify all pet restrictions with Manatee County.
  • Tax Book Number: 12-15
  • Tax Legal Description: LOTS 153 & 154 PALMETTO SKYWAY REPLAT PI#22236.0000/4
  • Tax Lot: 153
  • Tax Year: 2024
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Cleared, FloodZone, In County, Oversized Lot, Street Dead-End, Unincorporated
  • Parcel Number: 2223600004
  • Total Acreage: 1/4 to less than 1/2
  • Water Access: Canal - Saltwater
  • Water Access: Yes
  • Water Extras: Bridges - No Fixed Bridges, No Wake Zone, Sailboat Water, Seawall - Concrete
  • Water Extras: Yes
  • Water: Bridges - No Fixed Bridges, No Wake Zone, Sailboat Water, Seawall - Concrete
  • Zoning: RSF4.5/C
  • Living Area: 1851
Property and Assessments
  • Year Built Numeric: 1965
  • Amenities Additional Fees: Use of the community boat ramp requires a yearly fee.
  • Flood Zone Code: AE
  • Flood Zone Date: 08-10-2021
  • Flood Zone Panel: 12081C0162F
  • Homestead: Yes
  • New Construction: No
  • Property Attached: No
  • Property Condition: Completed
  • Public Survey Range: 17
  • Public Survey Section: 35
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Public, Sprinkler Well, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Hurricane Shutters, Irrigation System, Rain Gutters
  • Fencing: Chain Link
  • Foundation Details: Slab
  • Levels: One
  • Patio And Porch Features: Covered, Enclosed, Rear Porch, Screened
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Features: Bay/Harbor Front, Waterfront, Canal - Saltwater
  • Waterfront Feet Total: 150
Interior Features
  • Bedrooms Total: 3
  • Bathrooms Full: 3
  • Additional Rooms: Bonus Room, Den/Library/Office, Inside Utility
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Carpet, Epoxy, Porcelain Tile
  • Heating: Central
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, L Dining, Skylight(s), Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Laundry Features: Inside, Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 10.0
  • Water View: Yes
  • Window Features: Blinds, Double Pane Windows, Insulated Windows, Window Treatments
  • Bathrooms Half: 0
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Yes

Property History for 5003 Commonwealth Road

DateEvent & SourcePriceAppreciation
Jan 26, 2026

Listed (Active)

MFRMLS #A4679863

$1,098,000—
DateEvent & SourcePrice
01/26/2026

Listed (Active)

MFRMLS #A4679863

$1,098,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5003 Commonwealth Road

Taxable ValueLand-Additions-Total-
Tax Record2024$4,847 ($404 / month)
Home Facts
Beds2Baths3Total Finished SqFt1,851 SqFtAbove Grade Finished SqFt1,851 SqFtStories1Lot Size18,000 SqFtStyleSingle Family ResidenceYear Built1965Year Renovated1992ZoningRSF-4.5CountyMANATEEAPN22236.0000-4

Schools near 5003 Commonwealth Road

This home is within Manatee.
Rating
School
Type
Grades
Distance
Palm View Elementary School
Public - PK to 8
Palmetto High School
Public - 9 to 12
Lakewood Ranch Preparatory Academy
Charter - K to 12
Easter Seals
Public - PK to 12
Rating
School
Distance
Palm View Elementary School
PublicPK to 8

Palmetto High School
Public9 to 12

Lakewood Ranch Preparatory Academy
CharterK to 12

Easter Seals
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5003 Commonwealth Road, Palmetto, FL 34221

5003 Commonwealth Road is a single family home for sale in Palmetto, FL 34221. This property was listed for sale on January 26, 2026 by TIM LESTER INTERNAT'L REALTY, it's currently listed at $1,098,000. This listing's school district is Manatee. Nearby schools include Palm View Elementary School, Palmetto High School and Lakewood Ranch Preparatory Academy. 5003 Commonwealth Road is a 3-bed, 3-bath, 1,851 sqft single family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of TIM LESTER INTERNAT'L REALTY, Tim Lester

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.