Sailboat water home under $750K! Check out this 4-Bedroom, 2-Bathroom, 2-Car Garage, concrete block home in the Palmetto Skyway Neighborhood that’s just 25 minutes to St. Pete Beach and Anna Maria Island! This waterfront community has no HOA fees and no deed restrictions. The home is situated on an oversized lot, with a wide, sailboat water canal leading to Terra Ceia Bay, with no bridges to Tampa Bay or the Gulf of Mexico. There is 95ft seawall, new wooden dock, LED dock light, new 3/4 hp motors for the 10,000 lb boat lift, reinforced seawall, fenced yard and plenty of room for a pool. The exterior of the home has been freshly painted and new A/C installed in 2020. A new 10 ft x 16 ft hurricane grade, commercial size garage door and new roof/gutters were also installed in 2020. The interior of the home features a split floor plan, a living room and dining room combo, family room with fireplace off the kitchen, and all bedrooms with water views. Glass sliding doors lead you out to the screened-in porch, overlooking the canal and large backyard. The inside has recently been updated with new, modern vinyl floors throughout, lighting fixtures, fans, shower doors and stainless steel appliances in the kitchen. * Don't miss the walkout basement in the back of the home, perfect for a workshop or water toy storage. Bring your boat or kayak and jump right into this waterfront home in Florida! All the major updates have been completed for the new owner. Book your showing appointment today!
Single-familyProperty Type
1994Year Built
0.29 acresLot Size
$368Est. Price/Sq.Ft.
2 car garageParking
Listed by Roni-Marie Gold, PA• FINE PROPERTIES
Bought with Sarah Smith• KELLER WILLIAMS ON THE WATER S
PRICED $31,000 BELOW APPRAISED VALUE, this seller is motivated! Welcome to The Bay Colony/ Palmetto Skyway neighborhood! A hidden jewel of a sailboat water, big boat community with NO FEES, NO HOA, NO DEED RESTRICTIONS! Situated on an over-sized lot with 135 ft. of seawall on a wide saltwater canal that opens onto Terra Ceia Bay with NO BRIDGES to Tampa Bay or the Gulf of Mexico, this house checks all the boxes for a sailing or fishing enthusiast. All the MAJOR repairs have been completed and warranties for all convey to the new owner: Brand new roof and gutters (big $ savings on Insurance), Brand new AC system, New interior painting, new Vinyl flooring, new fans, light fixtures and smoke alarms; Brand new shower doors in owners bath, Brand new stainless steel kitchen appliances and disposal, Brand new hurricane rated 10ft x 16ft commercial garage door including rails and door opener, Brand new wood dock, new overhead LED dock light, two Brand new ¾ hp motors for boat lift and ALL vertical seams in seawall have been patched with hydraulic cement and backfilled with shell! There is a storage shed for all your additional watercraft and water toys. This lot is huge and has ample ROOM FOR A POOL. The big surprise here? There is a large walkout basement that has built in shelving, lots of power outlets and a workbench for projects and storage. The sides and front of house are fenced. While most all of the BIG Items have been completed; The home is very livable while you dream of your personal waterfront hideaway. Bay Colony/ Palmetto Skyway is just off U. S. 19, a few miles from the Skyway Bridge, making travel to Tampa, Clearwater or SRQ-Bradenton airports, St Pete Beach or Anna Maria Island beaches a breeze. For a sense of the community, do look at www. MyBayColony.org
Property Description
Elevated
Public Records
Apr 18, 1990
Sold
$80,000
$36/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$11,232 (+2.9%)
$267,750 + $526,440
$794,190
2024
$10,915 (+7.1%)
$267,750 + $526,440
$794,190
2023
$10,188 (+9.5%)
2022
$9,306 (+34.4%)
$225,000 + $432,316
$657,316
2021
$6,926 (+2.6%)
$175,000 + $313,227
$488,227
2020
$6,747 (+7.8%)
$175,000 + $313,227
$488,227
2019
$6,258 (−5.4%)
$150,000 + $302,598
$452,598
2018
$6,615 (+7.7%)
$150,000 + $264,423
$414,423
2017
$6,140 (+4.2%)
$181,500 + $241,036
$422,536
2016
$5,893 (+7.2%)
$181,500 + $241,036
$422,536
2015
$5,496 (+7.9%)
$165,000 + $195,398
$360,398
2014
$5,093 (−1.3%)
2013
$5,162 (+1.7%)
2012
$5,077
Tax history for 5007 Bay State Rd
Year
Property tax
Land + Additions
Assessment*
2025
$11,232 (+2.9%)
$267,750 + $526,440
$794,190
2024
$10,915 (+7.1%)
$267,750 + $526,440
$794,190
2023
$10,188 (+9.5%)
2022
$9,306 (+34.4%)
$225,000 + $432,316
$657,316
2021
$6,926 (+2.6%)
$175,000 + $313,227
$488,227
2020
$6,747 (+7.8%)
$175,000 + $313,227
$488,227
2019
$6,258 (−5.4%)
$150,000 + $302,598
$452,598
2018
$6,615 (+7.7%)
$150,000 + $264,423
$414,423
2017
$6,140 (+4.2%)
$181,500 + $241,036
$422,536
2016
$5,893 (+7.2%)
$181,500 + $241,036
$422,536
2015
$5,496 (+7.9%)
$165,000 + $195,398
$360,398
2014
$5,093 (−1.3%)
2013
$5,162 (+1.7%)
2012
$5,077
*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
4
Baths
2
Stories
1
Lot width
95 ft.
Lot depth
135 ft.
Lot size
0.29 Acres
Year renovated
2006
Sq. Ft.
2,211
Year built
1994
Style
Single Family Residential
County
Manatee County
APN
2212900001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 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
Nov 5, 2020 • Final
Door and window replacement
Replace a garage door with a new one of the same size. Perform electrical work and flooring work to match the existing conditions.
Remodel
Sep 23, 2020 • Final
Residential roof express
Remove and replace shingles on a residential roof.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Garage Dimensions: 19x19
Parking Features: Garage Door Opener, Off Street, Oversized