5108 COMMONWEALTH ROAD
PALMETTO, FL, 34221
$644,900
2 Beds
2 Baths
1,519 SqFt
0.21 Acres
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MLS #TB8507390 image #0
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!

Property Details

Price:
$644,900
MLS #:
TB8507390
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
PALMETTO SKYWAY REP
Neighborhood:
34221palmettorubonia
Listed Date:
May 13, 2026
Finished Sq Ft:
1,519
Total Sq Ft:
1,847
Lot Size:
9,120 sqft / 0.21 acres (approx)
Year Built:
1963
RanchWaterfrontPrimary Bedroom Main Floor34221 – Palmetto/rubonia34221palmettoruboniaPalmetto Skyway RepWaterNo MinimumPets Allowed

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Schools

Interior

Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Luxury Vinyl, Terrazzo
Heating
Central
Interior Features
Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Window Treatments
Laundry Features
Electric Dryer Hookup, In Kitchen, Laundry Room
Levels
One

Exterior

Architectural Style
Ranch
Attached Garage YN
1
Construction Materials
Block
Covered Spaces
1
Direction Faces
West
Exterior Features
Lighting
Fencing
Fenced
Garage Spaces
1
Lot Features
FloodZone, In County
Parking Features
Garage Door Opener
Patio And Porch Features
Deck, Patio, Porch
Roof
Shingle
View
Water
Waterfront Features
Canal – Saltwater
Window Features
Blinds

Financial

Tax Year
2025
Taxes
$3,601

Map

Community

Market Summary

Current real estate data for Single Family in PALMETTO as of Aug 29, 2026
507
Single Family Listed
111
Avg DOM
241
Avg $ / SqFt
$509,272
Avg List Price

Property Summary

    Located in the PALMETTO SKYWAY REP subdivision, 5108 COMMONWEALTH ROAD PALMETTO FL is a Single Family for sale in PALMETTO, FL, 34221. It is listed for $644,900 and features 2 beds, 2 baths, and has approximately 1,519 square feet of living space, and was originally constructed in 1963. The current price per square foot is $425. The average price per square foot for Single Family listings in PALMETTO is $241. The average listing price for Single Family in PALMETTO is $509,272. To schedule a showing of MLS#tb8507390 at 5108 COMMONWEALTH ROAD in PALMETTO, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.

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5108 COMMONWEALTH ROAD
PALMETTO, FL