Google street view image for 5316 Commonwealth Rd, Palmetto, FL 34221

Off Market Mar 1992 for $102K

$981,859

Est. refi paymentEst. refi $680/mo

•

2 ba

•

1,764

sq ft

5316 Commonwealth Rd, Palmetto, FL 34221

About this home

5316 Commonwealth Rd is a 1,764 square foot house on a 0.35 acre lot with 3 bedrooms and 2 bathrooms. - it last sold on March 06, 1992 for $102,000. Based on Redfin's Palmetto data, we estimate the home's value is $981,859.

Single-familyProperty Type

1998Year Built

0.35 acresLot Size

$557Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$981,859

$880K since sold in March 1992$14K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 179.7% higher than the average sale price ($351K) of 5 comparable homes.

SOLD JUL 14, 2026
$329,000
A
3 beds2 baths1,090 sq ft
615 48th St W, Palmetto, FL 34221
SOLD JUL 15, 2026
$300,000
B
3 beds2 baths1,476 sq ft
3503 5th Ave W, Palmetto, FL 34221
SOLD DEC 30, 2025
$311,000
C
3 beds2 baths1,390 sq ft
3828 6th Ave W, Palmetto, FL 34221
SOLD MAR 27, 2026
$200,500
D
3 beds2 baths1,680 sq ft
711 47th St W, Palmetto, FL 34221
SOLD APR 28, 2026
$615,000
E
3 beds2 baths1,954 sq ft
5207 Palmetto Point Dr, Palmetto, FL 34221

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Earn from this home

Sell

$923,416

Est. take-home

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Refinance

Est. cash available

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Rent

$2,746/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

97.9%

0.3% MoM

Median sale price

$385K

$275 MoM

Avg. days on market

56d

4 days MoM

Recently sold homes

323

5 MoM

New listings for sale

NEW 3 HRS AGO
$409,000
5 beds3.5 baths2,530 sq ft
11252 Fieldstone Dr, Palmetto, FL 34221
NEW 5 HRS AGO
$374,900
3 beds2 baths1,299 sq ft
5815 33rd Dr E, Palmetto, FL 34221
NEW 9 HRS AGO
$499,000
4 beds2 baths2,034 sq ft
3916 Mossy Limb Ct, Palmetto, FL 34221
NEW 9 HRS AGO
$470,000
4 beds3.5 baths2,636 sq ft
10542 Piedra Dr, Palmetto, FL 34221
NEW 28 HRS AGO
$200,000
— beds— baths— sq ft
102 Riviera Dunes Way Unit C-12, Palmetto, FL 34221
NEW 33 HRS AGO
$84,500
2 beds1.5 baths470 sq ft
2900 8th Ave W #47, Palmetto, FL 34221
NEW 1 DAY AGO
$180,000
— beds— baths— sq ft
102 Riviera Dunes Way Unit S-7, Palmetto, FL 34221
$415,000
5 beds3 baths2,616 sq ft
5034 Wedgeleaf Way, Palmetto, FL 34221
$649,900
3 beds2.5 baths1,896 sq ft
11112 Devonbridge Dr, Palmetto, FL 34221
$249,000
2 beds2.5 baths1,190 sq ft
6249 Fairmont Ln, Palmetto, FL 34221
See all

Provided by Redfin

Sale history for 5316 Commonwealth Rd

Tax history for 5316 Commonwealth Rd

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

Zoning and permits

Zoning
Permits

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

Jun 19, 2025 • Final

Waterfront structure

Construct a new vinyl seawall in front of the existing seawall. Build a new dock on new pilings.

Grading

Apr 1, 2024 • Final

Residential roof express

Tear off existing shingles and install new peel and stick dry-in and shingles.

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

Interior

Bathroom Information
# of Full Baths: 2
# of Bathroom Fixtures: 9

Heating & Cooling
Heating Type: Central

Exterior

Exterior Information
Physical Condition: Very Good
Construction Type: Masonry
Exterior Wall: Stucco
Roof Shape Type: Gable/Hip
Building Type: Residential

Pool Information
Has Pool

Property Information
Subdivision Name: PALMETTO SKYWAY REP
Living Sq. Ft: 1,764
Ground Floor Sq. Ft: 1,764
Building Sq. Ft: 3,940
# of Stories: 1
Legal Description: LOT 140 PALMETTO SKYWAY REPLAT; TOGETHER WITH THAT PORTION OF LOT 141 DESC AS FOLLOWS: BEG AT THE SE COR OF SD LOT 141; TH N 16 DEG 25 MIN 46 SEC W ALNG THE ELY LN OF LOT 141 A DIST OF 121.17 FT TO THE NE COR OF SD LOT 141; TH SWLY ALNG A CURVE CONCAVE SELY HAVING A RAD OF 145 FT, DELTA ANGLE 09 DEG 44 MIN 39 SEC ARC LENGTH 24.66 FT TO A PT WHICH BEARS S 73 DEG 37 MIN 11 SEC W A DISTOF 24.63 FT; TH S 26 DEG 23 MIN 44 SEC E A DIST OF 72.26 FT; TH S 33 DEG 34 MIN 17 SEC E A DIST OF 23.86 FT; TH S 27 DEG 01 MIN 52 SEC E A DIST OF 27.29 FT TO THE POB (1709/661) PI#22222.0005/9

Parking & Garage Information
Parking Type: Attached Garage
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 15,041
Legal Lot Number: 140
Municipality Name: COUNTY
Acres: 0.3453
Depth Footage: 109
Front Footage: 138
Zoning Code: RSF4.5
County Use Description: SINGLE FAMILY
State Use Description: SINGLE FAMILY

Location Information
Parcel Location Influence: Bay Front

Utility Information
Electricity / Wiring Type: Average Wiring

Financial

Assessor Information
Assessment Year: 2025
Tax District County: COUNTY
Tax Area: NORTH RIVER FIRE DISTRICT

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,764
Stories: 1.0
Lot Size: 0.35 acres
Style: Single Family Residential
Year Built: 1998
Year Renovated: 2008
County: Manatee County
APN: 2222200059

Home facts updated by county records on Jul 15, 2026

Around this home

Schools

Palm View Elementary School

Public PreK-8 • Assigned • 1.1mi

4/10

Palmetto High School

Public 8-12 • Assigned • 2.2mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk 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, 29 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

$933,000 – $1.13M

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New listings for sale in 34221

NEW 3 HRS AGO

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NEW 5 HRS AGO

$374,900

3 beds2 baths1,299 sq ft

5815 33rd Dr E, Palmetto, FL 34221

NEW 9 HRS AGO

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4 beds2 baths2,034 sq ft

3916 Mossy Limb Ct, Palmetto, FL 34221

NEW 9 HRS AGO

$470,000

4 beds3.5 baths2,636 sq ft

10542 Piedra Dr, Palmetto, FL 34221

NEW 28 HRS AGO

$200,000

— beds— baths— sq ft

102 Riviera Dunes Way Unit C-12, Palmetto, FL 34221

NEW 33 HRS AGO

$84,500

2 beds1.5 baths470 sq ft

2900 8th Ave W #47, Palmetto, FL 34221

NEW 1 DAY AGO

$180,000

— beds— baths— sq ft

102 Riviera Dunes Way Unit S-7, Palmetto, FL 34221

$415,000

5 beds3 baths2,616 sq ft

5034 Wedgeleaf Way, Palmetto, FL 34221

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Home values near 5316 Commonwealth Rd

Data from public records.

Address	Redfin Estimate
5216 Commonwealth Rd, Palmetto, FL 2 Beds \| 3 Baths \| 1287 Sq. Ft.	$573,810
5304 Commonwealth Rd, Palmetto, FL 3 Beds \| 2 Baths \| 1825 Sq. Ft.	$640,313

Address	Redfin Estimate
5212 Commonwealth Rd, Palmetto, FL 2 Beds \| 2 Baths \| 1710 Sq. Ft.	$924,928
5307 Commonwealth Rd, Palmetto, FL 2 Beds \| 2 Baths \| 1640 Sq. Ft.	$808,253

Address	Redfin Estimate
5308 Commonwealth Rd, Palmetto, FL 2 Beds \| 2 Baths \| 2112 Sq. Ft.	$798,892
5311 Commonwealth Rd, Palmetto, FL 3 Beds \| 2 Baths \| 1828 Sq. Ft.	$830,168

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