5108 COMMONWEALTH ROAD, PALMETTO, FL, 34221
Active78 days on marketListed May 13, 2026MLS #TB8507390
About this home
5108 COMMONWEALTH ROAD
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!
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,519
Sqft
0.21 ac
Lot size
1
Garage
1963
Year built
One
Levels
$425
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,182 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,182/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+19.2%
$/sqft vs Palmetto actives
$425 vs $206
Days on market
78 vs 55 typical
Where $425/sqft sits among the 400 Palmetto actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Palmetto
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palmetto. See the full Palmetto guide →
PALMETTO 34221 — neighborhood snapshot
Population
54,923
Median age
46.6
Median income
$74,314
Median home value
$298,200
Avg household
2.63
Households w/ children
4,466
For the school run
Manatee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palmetto market
$359K → $361K
Palmetto median sold, yr/yr
97.2%
Sale-to-list ratio (12 mo)
221 of 400
Palmetto actives have cut their price
Median sold price, Palmetto, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 77% above the PALMETTO 34221 median. See the full Palmetto market guide →
Paper trail
This home's history
Reality check
What actually sold near 5108 COMMONWEALTH ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$580,000
4908 ARLINGTON ROAD · same community
2 bd · 2 ba · 1,519 sqft · $382/sqft · 5 DOM
Sold · Apr ’26$539,900
4912 BEACON ROAD · same community
2 bd · 1 ba · 1,232 sqft · $438/sqft · 5 DOM
Sold · Jun ’26$580,000
4908 COMMONWEALTH ROAD · same community
2 bd · 2 ba · 1,855 sqft · $313/sqft · 328 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5108 COMMONWEALTH ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5108 COMMONWEALTH ROAD — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
5108 COMMONWEALTH ROAD FAQs
What would the monthly payment be for 5108 COMMONWEALTH ROAD?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,182/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5108 COMMONWEALTH ROAD?+
The most recent tax bill on record (2025) was $3,601. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5108 COMMONWEALTH ROAD?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palmetto?+
At $645,000, this home is listed about 62% above the Palmetto median of $399,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5108 COMMONWEALTH ROAD?+
James Tillman Elementary Magnet School (elementary), Palmetto High School (high) — Manatee County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$645,000 runs 77% above the PALMETTO 34221 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03The price has already moved
Listed at $650,000, now $645,000 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER REALTY · Randi Morgan. MLS #TB8507390.
IDX information is 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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