$749,900

5108 Commonwealth Rd Palmetto, FL 34221

$8,905
Closing credit¹
2 beds
2 full
1,519 sqft
0.2 acres
$494 / sqft
House

Property details

About 5108 Commonwealth Rd

One or more photo(s) has been virtually staged. Welcome to Bay Colony! This Florida inspired two bed-two bath with a flex room and one car garage home is in the deep-water canals of Terra Ceia Bay. Bay Colony is equally centered between St. Petersburg and Sarasota. The interstates I-275 and I-75 are within 10 minutes. US hwy 41 and US hwy 19 are directly outside the Bay Colony neighborhood. You are within a short (30 minute) drive to all the events and adventures St. Petersburg and Sarasota have to give. Entering through the front door, enjoy the seamless flow of this open concept floor plan, where the living and dining rooms blend to create a cohesive and comfortable space. Ideal for both relaxing and entertaining. LVP flooring runs throughout the home, offering durability with practicality that ties each room together nicely. This beautifully updated kitchen is a chef’s dream, featuring timeless shaker cabinets, sleek quartz countertops, and a deep farmhouse sink. SS appliances add a modern touch, while a natural gas range offers precise cooking performance for culinary enthusiasts. A walk-in pantry is located to the side of the kitchen. Plenty of space for extra dry goods and storage. Great for a caterer, party planner or any mother, of course! Step into the bright and inviting Florida Room, where the wall of windows and elegant French doors open to the back patio and back yard. This versatile space is perfect for relaxing with a morning coffee or entertaining guests in the evening. Whether you imagine a cozy reading nook, vibrant sunroom or lively gathering space, this room offers endless possibilities. The primary bedroom is fitted with a significant amount of closet space, ceiling fans and gorgeous natural lighting. The ensuite bathroom provides a walk-in shower, quartz countertop for easy use and cleaning. The primary bedroom also opens into a space that can be utilized for an artist studio, nursery, yoga room etc… Straight down the hallway from the primary suite is your second bedroom with bathroom across the hall. Spaciously away for privacy and still close enough for a cozy, homey feeling for friends and family. The second bathroom features a bright window that fills the space with light. It includes a classic pedestal sink, full size tub for relaxing soaks and built in storage for convenience and organization. A 27 ft SeaRay boat with a canvas cover will convey with the home. The boat sits on a 12,000 lb updated boatlift, replaced composite dock with water and electricity-perfect for all your waterfront adventures. Spend your evenings cruising the waterways and enjoying breathtaking Florida sunsets-right from your own back yard. Schedule your showing today and fall in love with 5108 Commonwealth Rd!

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,519 sqft
Lot size0.21 Acres
Year built1963
ParkingDriveway
MLS #TB8387051
Attached garage1 space
WaterfrontCanal
ViewWater

Virtual tour

Summary

  • Full Bathrooms: 2
  • Appliances: Convection Oven, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Refrigerator
  • Flooring Type: Luxury Vinyl
  • Interior: Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets, Thermostat
  • Total Bedroom Count: 2
  • Garage Space: 1 space
  • Attached Garage: Yes
  • Private Pool: No
  • Parking: Driveway
  • Waterfront: Canal
  • View: Water
  • Exterior: French Doors, Private Mailbox, Rain Gutters
  • Heating: Central
  • Cooling: Central Air
  • List Price: $749,900
  • Price/SqFt: $493
  • HOA Amount: $0
  • Annual Tax Amount: $4,238
  • Tax Year: 2023
  • Directions: From I-275 take exit 5 onto US Hwy 19 South towards Palmetto/Bradenton, turn right onto 50th street west. Follow straight through and turn right on Commonwealth. The home is located on the right. From I -75 take 301 north.
  • Year Built: 1963
  • Living Area: 1,519 SqFt
  • Lot Size: 0.21 Acres
  • MLS Number: TB8387051
  • MLS Name: MFRMLS
  • Office Name: LPT REALTY, LLC
  • Office Phone: (877) 366-2213
  • Listing Agent: Kristi Roberts

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/27/2025, 11:49:42 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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5108 Commonwealth Rd, Palmetto, FL 34221 - ranch-style house featuring concrete driveway, an attached garage, a gate, and stucco siding

$749,900

5108 Commonwealth Rd

$8,905

closing credit¹

Sell your home with Rocket and save even more!

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Price information

Property sales

DateEventPrice
Mar 09, 2017
Home Sold
$317,000

Tax history

YearAssessmentProperty Tax
2023$335,804$4,238
2022$326,023$4,188
2021$316,527$4,188
2020$297,423$3,741
2018$278,798$3,799
2017$256,969$3,799

History based on county public records data.

Nearby schools

7

James Tillman Elementary School

Public Magnet PK-5

2.0 mi

1415 29th St E

4

Palmetto Elementary School

Public District PK-5

2.7 mi

1540 10th St W

3

Blackburn Elementary School

Public District PK-5

3.6 mi

3904 17th St E

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $50,071. The majority of Palmetto, FL residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

33%
<35k
39%
35k-100k
23%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

38%
Single, No Kids
8%
Single, with Kids
36%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
16%
18-34 yrs old
49%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Horse RacesHorse Races
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Chico'sChico's
  • Stein MartStein Mart
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • LongHorn SteakhouseLongHorn Steakhouse
  • ChipotleChipotle

What do the neighbors drive?

  • BuickBuick
  • MazdaMazda
  • HyundaiHyundai

What do the neighbors listen to?

  • Soft Adult ContemporarySoft Adult Contemporary
  • Contemporary InspirationalContemporary Inspirational
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5108 Commonwealth Rd

The listing price of 5108 Commonwealth Rd property is $749,900.

The property 5108 Commonwealth Rd is a house located in Palmetto, Florida, 34221.

Active Listing: 5108 Commonwealth Rd is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5108 Commonwealth Rd are: James Tillman Elementary School (GreatSchools Rating 7/10), Palmetto Elementary School (GreatSchools Rating 4/10), Blackburn Elementary School (GreatSchools Rating 3/10), Palm View K-8 School (GreatSchools Rating 4/10), Palmetto Charter School (GreatSchools Rating 9/10), Just for Girls Middle School (GreatSchools Rating 2/10), Palmetto High School (GreatSchools Rating 3/10), Manatee Virtual Franchise (Etech School of Manatee) (GreatSchools Rating 3/10), Manatee School for the Arts (GreatSchools Rating 5/10).

According to the records, the last property tax for 2023 is $4,238 (source: MLS/based on county public records data).

The last sale was on March 9, 2017 for $317,000 (source: MLS/tax record).

The property at 5108 Commonwealth Rd has 2 bedrooms and 2 bathrooms.

The property 5108 Commonwealth Rd is 1,519 SqFt (source: MLS/tax record).

The year of construction for 5108 Commonwealth Rd is 1963.

This home is located at 5108 Commonwealth Rd in Palmetto, FL and zip code 34221. This 1,519 square foot home, which was built in 1963, sits on a 0.21 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 17, 2025 and is currently priced at $749,900.

In April 2025, from all listings sold in Palmetto, FL there were more than 2 sold above asking price, over 63 sold below and more than 26 were sold right at the asked price. The inventory of homes for sale in Palmetto, FL between March and April 2025 increased by 0.2%. The median list price of listings available in April 2025 was $379,998, while the average time on the real estate market was 76 days.

From Rocket Homes Real Estate and based on county public records data.

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