$625,000

5108 Commonwealth RdPalmetto, FL 34221

  • 2 beds
  • 2 baths
  • 1,519 sqft
  • 0.21 acres
  • 176 days on market

About this home

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!

Virtual tour

Facts

Property type
Single Family Residence
Year built
1963
Garage spaces
1
Lot size
9,120 sqft
Pool
No
Waterfront
Yes
Water view
Canal
Subdivision
PALMETTO SKYWAY REP
Community
Palmetto Skyway
County
Manatee
CDD
0
Annual taxes
$3,601 (2025)
Flood zone
AE
Pets
Yes
New construction
No
MLS #
TB8507390

Features

Interior
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Window Treatments
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Flooring
Luxury Vinyl, Terrazzo
Heating
Central
Cooling
Central Air
Exterior
Lighting
Patio & porch
Deck, Patio, Porch
Parking
Garage Door Opener
Construction
Block
Roof
Shingle
Lot
FloodZone, In County
View
Water
Utilities
BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water
Public
Sewer
Public Sewer

Location

Stellar MLS Listing courtesy of COLDWELL BANKER REALTY. MLS # TB8507390.

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Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS. Last updated: 2026-11-04 5:45 PM EST.