5004 Commonwealth Rd, Palmetto, FL 34221

Off Market Aug 2017 for $250K

$648,636

Est. refi paymentEst. refi $1,456/mo

•

1,307

sq ft

5004 Commonwealth Rd, Palmetto, FL 34221

About this home

Palmetto Skyway, also known as Bay Colony, is a quiet residential neighborhood in the north end of Palmetto. This community consists of five separate canals and boasts of having the widest canals in Manatee County with sailboat depth water and cement seawalls. What makes this such a desirable area is direct access to Terra Ceia Bay and Gulf of Mexico with no bridges to the bay. This is a great opportunity for boat owners with 75' water frontage. Bradenton Yacht Club is a 15 minute drive; Tampa airport is 40 minutes away with no stop lights between this property and the parking garage; Sarasota only 14 miles south; AMI directly across the Gulf when exiting Terra Ceia; great fishing and boating throughout this area.

Single-familyProperty Type

1966Year Built

9,000 sq ftLot Size

$496Est. Price/Sq.Ft.

1 car garageParking

Listed by JODY GOLDMAN • WAGNER REALTY

Bought with Mike Faber • SARABAY REAL ESTATE INC

Redfin checked: 2 minutes ago

•Source:Stellar MLS as Distributed by MLS Grid #A4190223

Redfin Estimate

$648,636

$399K since sold in August 2017$17K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 90% higher than the average sale price ($341K) of 6 comparable homes.

SOLD JUL 22, 2026
$344,900
A
3 beds2 baths1,572 sq ft
3134 58th Way E, Palmetto, FL 34221
SOLD AUG 14, 2026
$338,000
B
3 beds2 baths1,376 sq ft
321 21st St W, Palmetto, FL 34221
SOLD JUL 24, 2026
$381,400
C
3 beds2.5 baths2,007 sq ft
1828 Soaring Vida St, Palmetto, FL 34221
SOLD JUL 14, 2026
$329,000
D
3 beds2 baths1,090 sq ft
615 48th St W, Palmetto, FL 34221
SOLD MAY 28, 2026
$354,664
E
3 beds2.5 baths1,787 sq ft
5632 Skylight Way, Palmetto, FL 34221
SOLD JUL 15, 2026
$300,000
F
3 beds2 baths1,476 sq ft
3503 5th Ave W, Palmetto, FL 34221

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Earn from this home

Sell

$447,320

Est. take-home

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Refinance

Est. cash available

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Rent

$2,661/mo

Redfin rental estimate

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Market trends in 34221, FL

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.2%

+1.0% MoM

Median sale price

$385K

$10K MoM

Avg. days on market

52d

4 days MoM

Recently sold homes

329

5 MoM

New listings for sale

NEW 12 HRS AGO
$449,999
3 beds2 baths1,808 sq ft
9301 71st Ave E, Palmetto, FL 34221
NEW 13 HRS AGO
$167,000
3 beds1 bath936 sq ft
2118 1st Ave E, Palmetto, FL 34221
NEW 13 HRS AGO
$399,000
5 beds3 baths2,447 sq ft
6118 Distant Haze Pl, Palmetto, FL 34221
OPEN SUN, 1PM TO 3PM
$399,000
3 beds2 baths1,576 sq ft
1505 22nd Ave W, Palmetto, FL 34221
COMING SOON
$275,000
3 beds2 baths1,068 sq ft
3244 6th Ave W, Palmetto, FL 34221
$335,000
3 beds2 baths1,505 sq ft
5834 Bungalow Grove Ct, Palmetto, FL 34221
$285,000
3 beds2 baths1,532 sq ft
122 49th Ct E, Palmetto, FL 34221
$695,000
3 beds3.5 baths2,828 sq ft
1205 3rd ST Cir E, Palmetto, FL 34221
$460,000
3 beds2 baths1,540 sq ft
3328 70th Ct E, Palmetto, FL 34221
FOR SALE BY OWNER
$484,000
2 beds2 baths1,008 sq ft
219 Bimini Dr, Palmetto, FL 34221
See all

Provided by Redfin

Sale history for 5004 Commonwealth Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,635 (+6.4%)

2024

$7,174 (+89.6%)

2023

$3,785 (+8.4%)

$229,500 + $29,903

$259,403

2022

$3,491 (+39.2%)

$225,000 + $11,920

$236,920

2021

$2,508 (+9.6%)

2020

$2,287 (−1.2%)

2019

$2,314 (−1.6%)

$150,000 + $6,750

$156,750

2018

$2,352 (+11.0%)

$150,000 + $6,750

$156,750

2017

$2,118 (−7.3%)

2016

$2,285 (−1.3%)

2015

$2,316 (+0.4%)

2014

$2,307 (+0.4%)

2013

$2,298 (+1.6%)

2012

$2,262

Tax history for 5004 Commonwealth Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,635 (+6.4%)

2024

$7,174 (+89.6%)

2023

$3,785 (+8.4%)

$229,500 + $29,903

$259,403

2022

$3,491 (+39.2%)

$225,000 + $11,920

$236,920

2021

$2,508 (+9.6%)

2020

$2,287 (−1.2%)

2019

$2,314 (−1.6%)

$150,000 + $6,750

$156,750

2018

$2,352 (+11.0%)

$150,000 + $6,750

$156,750

2017

$2,118 (−7.3%)

2016

$2,285 (−1.3%)

2015

$2,316 (+0.4%)

2014

$2,307 (+0.4%)

2013

$2,298 (+1.6%)

2012

$2,262

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

75 ft.

Lot depth

120 ft.

Lot size

8,999 Sq. Ft.

Year renovated

2023

Sq. Ft.

1,576

Year built

2023

Style

Single Family Residential

County

Manatee County

APN

2220800003

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 28, 2026.

RSF-4.5

Residential Single Family Districts

The purpose of these districts is to provide for residences in a suburban environment at low to medium densities, to accommodate residential support uses (as defined in; Abandonment shall mean the visible or otherwise apparent intention of an owner to discontinue a structure, use of a structure, or lot; or the removal of the characteristic equipment or furnishings used in the performance of the use without its replacement by similar equipment or furnishings, or the replacement of a nonconforming use or structure by a conforming use or structure; for 6 consecutive months.; and other limited non-residential uses, and to protect these areas from the encroachment of incompatible uses.

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Senior
Infrastructure
Office
Educational/school
Fire house
Police station
Post office
Recreation

Property details

Parking

Parking Information
Garage Spaces: 1
Has Attached Garage
Has Garage

Interior

Bedroom Information
# of Bedrooms: 2

Bathroom Information
# of Full Baths (Total): 1

Laundry Room Information
Laundry Features: Inside

Other Rooms Information
# of Rooms: 3

Heating & Cooling
Heating Information: Central
Cooling Information: Central Air

Interior Features
Window Features: Blinds
Appliances: Cooktop, Electric Water Heater, Refrigerator
Flooring: Carpet, Terrazzo

Exterior

Building Information
Construction Materials: Block, Stucco
Roof: Tile

Exterior Features
Exterior Features: Rain Gutters

Waterfront Information
On Waterfront
Waterfront Features: Canal - Saltwater
Water Body Name: DARTMOUTH CANAL TO TERRA CEIA
Waterfront Feet Total: 75
Water Frontage Feet Canal Salt: 75
Water View Y/N: 1
Water View Description: Canal
Water Access Y/N: 1
Water Access Description: Canal - Saltwater,Gulf/Ocean to Bay
Water Extras Y/N: 1
Water Extras Description: Bridges - No Fixed Bridges,No Wake Zone,Sailboat Water,Seawall - Concrete

Property Information
CDD Y/N: 0
Homestead Y/N: 1
Property Type: Residential
Property Sub Type: Single Family Residence
Property Condition: Fixer
Zoning: RSF4.5/C

Land Information
Total Acreage: Up to 10,889 Sq. Ft.

Lot Information
Lot Features: FloodZone, In County, Street Dead-End, Paved
Lot Size Acres: 0.21

Financial

Tax Information
Tax Annual Amount: $2,286
Tax Year: 2016

Lease / Rent Details
Lease Restrictions YN: 0

Utilities

Utility Information
Sewer: Public Sewer
Utilities: Electricity Connected, Private
Additional Water Information: SAILBOAT WATER, WIDE CANAL, CEMENT SEAWALL BUT DOCK IN DISREPAIR

Location

HOA Information
Association Fee Requirement: Optional
Association Approval Required Y/N: 0
Monthly HOA Amount: 4.17
Association Fee: $50
Association Fee Frequency: Annually

School Information
High School: Palmetto High

Location Information
Directions: North on Hwy US19. Turn West on 50 St. and go to the end of the street. Turn Left at Palmetto Point Dr. Turn left on Commonwealth Rd. Home is on your right with overgrown foliage in front.

Community Information
Community Features: Deed Restrictions
Pets Allowed: No

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 1,576
Stories: 1.0
Lot Size: 8,999 square feet
Style: Single Family Residential
Year Built: 2023
Year Renovated: 2023
County: Manatee County
APN: 2220800003

Home facts updated by county records on Jul 28, 2026

Other

Miscellaneous Information
Third Party YN: 0

Listing Information
Previous Status: Pending
Backups Requested YN: 0
Home Warranty YN: No

Listing Date Information
Days to Contract: 13
Status Contractual Search Date: 2017-08-30T00:00:00.000

Listing Price Information
Calculated List Price By Calculated Sq Ft: 191.28

Home Information
Living Area: 1307
Living Area Units: Square Feet
Living Area Source: Public Records
Building Area Total: 1671
Building Area Units: Square Feet
Building Area Source: Public Records
Foundation Details: Slab
Levels: One

Around this home

Schools

Palm View Elementary School

Public PreK-8 • Assigned • 1.1mi

4/10

Palmetto High School

Public 8-12 • Assigned • 2.0mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

9/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

10/10 Heat Factor

7 days above 107° expected this year, 30 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Palmetto, FL • 34221

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 6.3 hours in December, placing it above the U.S. average for solar exposure.

9.2 hrs

6.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$617,000 – $746,000

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Nearby similar homes

FOR SALE BY OWNER

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New listings for sale in 34221

NEW 12 HRS AGO

$449,999

3 beds2 baths1,808 sq ft

9301 71st Ave E, Palmetto, FL 34221

NEW 13 HRS AGO

$167,000

3 beds1 bath936 sq ft

2118 1st Ave E, Palmetto, FL 34221

NEW 13 HRS AGO

$399,000

5 beds3 baths2,447 sq ft

6118 Distant Haze Pl, Palmetto, FL 34221

OPEN SUN, 1PM TO 3PM

$399,000

3 beds2 baths1,576 sq ft

1505 22nd Ave W, Palmetto, FL 34221

COMING SOON

$275,000

3 beds2 baths1,068 sq ft

3244 6th Ave W, Palmetto, FL 34221

$335,000

3 beds2 baths1,505 sq ft

5834 Bungalow Grove Ct, Palmetto, FL 34221

$285,000

3 beds2 baths1,532 sq ft

122 49th Ct E, Palmetto, FL 34221

$695,000

3 beds3.5 baths2,828 sq ft

1205 3rd ST Cir E, Palmetto, FL 34221

$460,000

3 beds2 baths1,540 sq ft

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Home values near 5004 Commonwealth Rd

Data from public records.

Address	Redfin Estimate
5008 Commonwealth Road, Palmetto, FL 3 Beds \| 2 Baths \| 1550 Sq. Ft.	$644,410
5108 Commonwealth Road, Palmetto, FL 2 Beds \| 2 Baths \| 1519 Sq. Ft.	—

Address	Redfin Estimate
5104 Commonwealth Road, Palmetto, FL 3 Beds \| 2 Baths \| 1556 Sq. Ft.	$572,245
4828 Commonwealth Road, Palmetto, FL 4 Beds \| 3 Baths \| 1826 Sq. Ft.	$682,660

Address	Redfin Estimate
5012 Commonwealth Road, Palmetto, FL 3 Beds \| 2 Baths \| 1759 Sq. Ft.	$589,165
4904 Commonwealth Road, Palmetto, FL 3 Beds \| 2 Baths \| 2324 Sq. Ft.	$868,725

Property information provided by Stellar MLS as Distributed by MLS Grid when last listed in 2017. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 34221, FL

Sale history for 5004 Commonwealth Rd

Tax history for 5004 Commonwealth Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 34221

Home values near 5004 Commonwealth Rd

More real estate resources