Description of 5003 Commonwealth Rd, Palmetto, FL 34221
Listing details for 5003 Commonwealth Rd, Palmetto, FL 34221 : 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.
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Listing Updated : 02-03-2026 at 1:03 PM EST
Listing Provided By : Tim Lester, 941-981-5388, TIM LESTER INTERNAT'L REALTY
Source :
Stellar MLS as distributed by MLS GRID, MLS#: MFRA4679863
Property Details
Overview
Status
Active
MLS #ID
MFRA4679863
Price
$1,098,000
Bedrooms
3
Bathrooms
3
Square Footage
1,851
Acres
0.41
Year
1965
Days on Site
67
Property Type
Residential
Property Sub Type
Single-Family
Price per Sq Ft
$593
Date Listed
Jan 23, 2026
Community Information for 5003 Commonwealth Rd, Palmetto, FL 34221
Based on information submitted to the MLS GRID as of 2026-04-11 at 12:02 p.m. EDT. 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