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3 Beds
3 Baths
1,851 sqft

$948,000

5003 COMMONWEALTH RD, PALMETTO FL, 34221

Price per sqft$512.16
Built in1965
Property size1,851 sqft
Property typeResidential
Courtesy of TIM LESTER INTERNAT'L REALTY, Tim Lester  Listing Contact: 941-981-5388

Overview

Active

Listed Jan 26, 2026

Updated Aug 19

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.

$6,307/mo

Est. mortgage payment based on a $948,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
A4679863

Interior Features

Bedrooms
3
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.41 Acres

Other Property Details

Taxes
$4,847
Tax Frequency
Annually
Association Fee Frequency
Monthly
Garage
Yes
View
Yes
Pets Allowed
Yes
Waterfront
Yes
55+/Senior Community
No

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lively Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 12:33 PM UTC on 10/8/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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