INNOVATE Real Estate
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 2 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 3 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 4 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 5 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 6 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 7 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 8 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 9 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 10 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 11 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 12 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 13 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 14 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 15 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 16 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 17 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 18 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 19 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 20 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 21 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 22 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 23 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 24 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 25 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 26 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 27 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 28 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 29 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 30 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 31 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 32 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 33 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 34 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 35 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 36 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 37 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 38 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 39 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 40 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 41 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 42 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 43 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 44 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 45 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 46 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 47 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 48 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 49 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 50 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 51 of 52
Single Family Residence at 5003 COMMONWEALTH RD, PALMETTO, photo 52 of 52
52 photos

$948,000

5003 COMMONWEALTH RD
PALMETTO, FL 34221
Listed by Tim Lester · TIM LESTER INTERNAT'L REALTY
Bedrooms
3
Bathrooms
3
Living area
1,851 sqft
Year built
1965

About this home

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.

Highlights

Waterfront

Property details

MLS #
MFRA4679863
Property type
Single Family Residence
Subdivision
PALMETTO SKYWAY REP
Status
Active
Days on market
204
On market date
January 26, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
2
Parking spaces
N/A
Lot size
0.41 acres

Location

Get directions →
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
PALM VIEW K-8 SCHOOL
1.11 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
804
Student:teacher ratio
16.8:1
District
MANATEE
Middle
LINCOLN MEMORIAL MIDDLE SCHOOL
2.31 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
307
Student:teacher ratio
14.6:1
District
MANATEE
High
PALMETTO HIGH SCHOOL
1.99 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,984
Student:teacher ratio
22.5:1
District
MANATEE

Walkability

Blended score for PALMETTO's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

25
Car-dependent
out of 100
EPA National Walkability Index
7.0 / 20 -- Below average walkable
Google Places amenity density
10 / 100
Restaurants & cafes2
Grocery stores0
Parks1
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in PALMETTO, from live MLS data.

On the market 204 days -- 96 more days than PALMETTO's current average of 108 days.
For reference, the median list price across 696 active listings in PALMETTO right now is $370,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$5,859/mo
$189,600 down
$758,400 loan
Principal & interest$4,919
Property tax (est.)$790
Home insurance (est.)$150

Similar homes you might like

11224 SEASONS WAY
New
$999,999
11224 SEASONS WAY
PALMETTO, 34221
3 bd·3 ba·3,080 sqft
1 day on market
WaterfrontPool
Listed by Abigail Altier
903 20TH AVE W
New
$889,000
903 20TH AVE W
PALMETTO, 34221
3 bd·2 ba·2,368 sqft
1 day on market
WaterfrontPool
Listed by Tim Lester, TIM LESTER INTERNAT'L REALTY
502 16TH AVE E AVE E
$799,000
502 16TH AVE E AVE E
PALMETTO, 34221
3 bd·2.5 ba·1,957 sqft
3 days on market
Waterfront
5508 CASERTA CT
$950,000
5508 CASERTA CT
PALMETTO, 34221
3 bd·3 ba·2,896 sqft
16 days on market
Pool
Listed by Rachel Fenton, COMPASS FLORIDA LLC
5008 BAY STATE RD
$950,000
5008 BAY STATE RD
PALMETTO, 34221
3 bd·3 ba·2,941 sqft
5 days on market
WaterfrontPool
Listed by Katie Cobb, DOUGLAS ELLIMAN
4514 STICKLEY CT
$885,000
4514 STICKLEY CT
PALMETTO, 34221
3 bd·3 ba·3,161 sqft
17 days on market
WaterfrontPool
Listed by Gina Morgando
2002 8TH ST W
$850,000
2002 8TH ST W
PALMETTO, 34221
3 bd·3.5 ba·3,150 sqft
25 days on market
WaterfrontPool
Listed by Tim Lester, TIM LESTER INTERNAT'L REALTY
5119 CASERTA CT
$819,900
5119 CASERTA CT
PALMETTO, 34221
3 bd·3.5 ba·2,074 sqft
44 days on market
Pool
Listed by Shannon Oleferchik, FINE PROPERTIES

Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.