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$948,000

5003 Commonwealth Rd

Palmetto, FL
Active
3
Bedrooms
3
Bathrooms
4,390
Square Feet
0.41
Lot Size (acres)
1965
Year Built
251
Days On Market

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.

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Listing Information

Listing Updated
08/18/2026
Listed By
Tim Lester, 9419815388 · TIM LESTER INTERNAT'L REALTY, 9419815388
MLS#
A4679863
Source
Stellar MLS
Status
Active

Facts & Features

Location

Community Information

Address
5003 Commonwealth Rd, Palmetto, FL 34221
City
Palmetto
County
Manatee
Neighborhood
PALMETTO SKYWAY REP
Zip Code
34221

Architecture

Bedrooms
3
Bathrooms
3
Year Built
1965
Style
Ranch
Construction Materials
Stucco, Block
Building Area
4,390 sq. ft.
Foundation
Slab
Roof
Shingle
Levels
One
Garage
Yes
Garage Spaces
2
Parking Features
Driveway, Attached, Oversized, RV Access/Parking, Guest, Boat

Features & Amenities

Interior Features
Eat-in Kitchen, Walk-In Closet(s)
Appliances
Dryer, Dishwasher, Electric Water Heater, Refrigerator, Washer, Range, Disposal
Flooring
Tile, Carpet
Exterior Features
Rain Gutters
Patio and Porch
Covered, Enclosed, Screened, Rear Porch
Cooling
Central Air
Heating
Central

Property Features

Lot Size
0.41 Acres
Lot Features
Cleared, Waterfront, Paved
View
Water, Canal
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Water Connected

Square Footage

Total
1,851 sq. ft.

Tax & Financial Information

List Price
$948,000
Annual Taxes
$4,847

Schools

99/100
Blackburn Elementary School
Elementary · Grades PK–05 · 3.5 mi
City
Palmetto
Students
449
Student body
46% Hispanic / Latino · 26% White · 24% Black
Free/reduced lunch
66%
Phone
(941) 723-4800
79/100
Lincoln Middle School
Grades M–M · 2.3 mi
City
Palmetto
Students
477
Student–teacher
15.3
Parent reviews
4.0★ avg · 2 reviews
Student body
41% Hispanic / Latino · 38% Black · 17% White
Free/reduced lunch
81%
Phone
(941) 721-6840
75/100
Ballard Elementary School
Elementary · Grades PK–05 · 4.7 mi
City
Bradenton
Students
400
Parent reviews
5.0★ avg · 4 reviews
Student body
48% Hispanic / Latino · 24% Black · 22% White
Free/reduced lunch
83%
Phone
(941) 708-8400
62/100
Manatee School For The Arts
High · Grades 06–12 · 3.2 mi
City
Palmetto
Students
2,066
Parent reviews
3.5★ avg · 4 reviews
Student body
51% White · 33% Hispanic / Latino · 11% Black
Free/reduced lunch
54%
Phone
(941) 721-6800
60/100
Hola! Elementary @ Msa
Elementary · Grades PK–05 · 3.2 mi
City
Palmetto
Parent reviews
3.7★ avg · 3 reviews
Phone
(941) 708-8770
59/100
James Tillman Elementary Magnet School
Elementary · Grades PK–05 · 1.9 mi
City
Palmetto
Students
562
Parent reviews
3.0★ avg · 2 reviews
Student body
46% Hispanic / Latino · 29% Black · 19% White
Free/reduced lunch
72%
Phone
(941) 723-4833
58/100
Imagine Charter School At North Manatee
Elementary · Grades PK–08 · 4.5 mi
City
Palmetto
Students
598
Parent reviews
3.0★ avg · 8 reviews
Student body
49% White · 31% Hispanic / Latino · 12% Black
Free/reduced lunch
62%
Phone
(941) 981-5345
55/100
Palm View K-8 School
Elementary · Grades PK–08 · 1.1 mi
City
Palmetto
Students
571
Parent reviews
2.0★ avg · 8 reviews
Student body
48% Hispanic / Latino · 27% White · 20% Black
Free/reduced lunch
78%
Phone
(941) 723-4812

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
08/18/2026Price change$948,000
01/26/2026Listed for sale$1,098,000

Listed by Tim Lester · TIM LESTER INTERNAT'L REALTY · 9419815388

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Stellar MLS. All rights reserved.

Last Updated: August 18, 2026 at 2:11 PM | Source: Stellar MLS | MLS#: A4679863

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