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!
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
See this Listing
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
- Address5108 COMMONWEALTH ROAD PALMETTO FL
- SubdivisionPALMETTO SKYWAY REP
- CityPALMETTO
- CountyManatee
- Zip Code34221
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.
Similar Listings Nearby
Courtesy of COLDWELL BANKER REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 5108 COMMONWEALTH ROAD
PALMETTO, FL
