About This Home

This 2-bedroom, 2-bathroom single family at 5108 COMMONWEALTH Road in Palmetto, FL is listed for $625,000 ($411 per sqft). Built in 1963, the home offers 1,519 sqft of living space on a 0.21 acres lot.

Key Features

  • Built in 1963
  • 0.21 acre lot
  • Waterfront

Property Details

1 story
2 full
1-car garage
1963

Amenities

WaterfrontViewA/C
Listing Description

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!

Monthly Cost Estimate

$3,343/mo

20% down · 6.5% · 30 years

Principal$452
Interest$2,708
Insurance$182

Estimates only. Actual payments may vary.

Location

5108 COMMONWEALTH Road

Palmetto, FL 34221

PALMETTO SKYWAY REP

Features & Amenities

Interior Features

Ceiling Fans(s)Kitchen/Family Room ComboLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorWindow Treatments

Exterior Features

Lighting

Property Details

Flooring

TerrazzoVinyl

Construction

Block

Views

Water

Outdoor Features

PorchPatioDeck

Parking

Open

Heating

Central

Cooling

Central Air

Appliances

DishwasherElectric Water HeaterMicrowaveRangeRefrigerator

Questions & Answers

This 2-bedroom, 2-bathroom single family at 5108 COMMONWEALTH Road is listed at $625,000 ($411/sqft). The estimated monthly payment is $3,342 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1963, 0.21 acre lot, Waterfront. Interior Features: Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo. Exterior Features: Lighting.

This property is listed by Randi Morgan and can be reached at 7277104386.

RM

Randi Morgan

Agent at Coldwell Banker

(727) 710-4386
Agent website

Listed by Coldwell Banker · Broker phone: (813) 754-3586 · View on Broker Site

MLS# TB8507390· Source: Stellar MLS· 144 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5108 COMMONWEALTH Road, Palmetto, FL 34221

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