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$625,000

Listing Price

2beds

2baths

1,519sqft

9,120sqft lot

5108 Commonwealth Rd, Palmetto, FL 34221

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

411.45

Price / sqft

1963

Year built

Home Details

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. Theres also a 1-car garage for the toys, gear, and fishing poles, but lets 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 isnt just a home its a permanent vacation with a dock attached.nNearly 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 Flo

Interior Details

Square Feet
  • 1519

Bedrooms
  • 2

Bathrooms
  • 2

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Electric

Basement
  • Has Basement:

    No

  • Basement Type:

    No Basement

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 9120

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    1

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Ranch

Exterior
  • Block

Foundation
  • N/A

Roof
  • Gable/hip

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$3,950

$0

$0

--%

$297,423

2019

$3,741

$150,000

$130,531

--%

$280,531

2017

$3,799

$150,000

$128,798

--%

$278,798

2017

$3,799

$135,000

$121,969

--%

$256,969

2016

$3,599

$120,500

$117,068

--%

$237,568

2014

$3,191

$0

$0

--%

$203,564

2013

$2,970

$0

$0

--%

$186,240

2012

$2,934

$0

$0

--%

$183,705

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Average Home Price in 34221

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$485,298

3 Beds

1.5 Baths

1,625 Sqft

9,000 Lot (sqft)

Sold 08/22/2026

$345,751

3 Beds

2 Baths

1,720 Sqft

13,068 Lot (sqft)

Sold 07/01/2026

$348,570

3 Beds

2 Baths

1,740 Sqft

8,059 Lot (sqft)

Sold 05/29/2026

$316,529

3 Beds

2 Baths

1,595 Sqft

12,110 Lot (sqft)

Sold 05/06/2026

$679,000

3 Beds

2 Baths

1,491 Sqft

9,000 Lot (sqft)

Sold 04/29/2026

$346,000

3 Beds

1 Baths

1,337 Sqft

8,059 Lot (sqft)

Sold 10/06/2026

$192,703

3 Beds

1 Baths

1,525 Sqft

8,059 Lot (sqft)

Sold 10/06/2026

$393,082

2 Beds

1 Baths

1,312 Sqft

8,581 Lot (sqft)

Sold 10/06/2026

$304,234

2 Beds

2 Baths

1,384 Sqft

8,046 Lot (sqft)

Sold 10/06/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
625,000
$
Down payment
125,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
3,750
$
HOA (Monthly)
0
$
PMI
0
$
$4,046
Your Payment
Total Monthly Payment:$4,046
Percent of Income:69%
Affordable:No

Details for 5108 COMMONWEALTH RD

Property Debt

Foreclosure Contact Details