Single Family Residence at 5404 BAY STATE RD, PALMETTO
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$849,900

5404 BAY STATE RD
PALMETTO, FL 34221
Listed by Tim Lester · TIM LESTER INTERNAT'L REALTY
Bedrooms
3
Bathrooms
3
Living area
2,220 sqft
Year built
1982

About this home

Experience the ultimate Florida waterfront lifestyle in one of Palmetto's best kept secrets, Bay Colony. This elevated coastal retreat offers 3 bedrooms, 3 bathrooms, and 2,220 square feet of thoughtfully designed living space. Perfectly positioned along a deep-water canal with easy access to Terra Ceia Bay and the Gulf, this exceptional property blends modern comfort with endless outdoor living opportunities. Inside, an open and inviting floor plan with updated impact doors and windows is enhanced by abundant natural light, elegant finishes, and seamless flow for both everyday living and entertaining. The beautifully updated kitchen serves as the heart of the home, featuring sleek quartz countertops, a stylish designer backsplash, ample cabinetry, and generous prep space for gatherings large and small. The spacious primary suite offers a peaceful retreat, while two additional bedrooms provide comfortable accommodations for family and guests. On the lower level, a versatile bonus room with a full bathroom offers exceptional flexibility, making it ideal for a guest suite, home office, fitness room, media room, or private space for visiting family and friends. Designed for those who appreciate life on the water, the property boasts an updated private dock complete with a 15,000-pound boat lift, making it effortless to spend your days fishing, boating, or cruising the Gulf waters. Outside, the expansive lot offers an incredible opportunity to create the backyard of your dreams. With plenty of room to add a custom pool and outdoor kitchen, you can design your own private tropical oasis perfectly suited to your lifestyle. The home's elevated construction provides added peace of mind while maximizing coastal breezes and the beauty of its waterfront setting. Conveniently located near waterfront dining, marinas, pristine Gulf beaches, and the vibrant destinations of Sarasota, St. Petersburg, and Tampa, this exceptional residence offers the perfect balance of tranquility, luxury, and adventure. Whether you're searching for a full-time waterfront residence or the ultimate coastal getaway, this property presents a rare opportunity to own a slice of paradise with direct boating access, flexible living space, and endless possibilities for creating the Florida lifestyle you've always envisioned. Call today for your own private tour!

Highlights

WaterfrontFireplace

Property details

MLS #
MFRA4700079
Property type
Single Family Residence
Subdivision
PALMETTO SKYWAY SEC 2
Status
Active
Days on market
4
On market date
July 15, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
2
Parking spaces
N/A
Lot size
0.28 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
PALM VIEW K-8 SCHOOL
0.69 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
2.49 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
2.32 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

Mortgage calculator

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Est. monthly payment
$5,268/mo
$169,980 down
$679,920 loan
Principal & interest$4,410
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated July 19, 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.