5003 COMMONWEALTH, PALMETTO, FL, 34221 — photo 1
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5003 COMMONWEALTH, PALMETTO, FL, 34221

$1,098,000

3 Beds3 Baths1,851 Sq FtBuilt 19650.41 Acres2 Garage

About This Property

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.

Subdivision

PALMETTO SKYWAY REP

Status

Active

Listed By

TIM LESTER INTERNAT'L REALTY

Days on Market

63

Mortgage Calculator

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Est. Monthly Payment

$6,632

30-yr fixed · 20% down · 6.875%

Principal & Interest$5,770
Property Tax (actual)$404
Est. Home Insurance~0.5% est.$458
Total / month$6,632
Loan amount$878,400

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

Interested in This Property?

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Call (813) 618-7653Request a Showing

MLS# 1fdf098c57917dc277daa98f8e83da95

Location