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One or more photo(s) has been virtually staged. Welcome to Bay Colony, a highly sought-after waterfront community set along the deep-water canals of Terra Ceia Bay. This beautifully renovated two-bedroom, two-bath home with a flex room and one-car garage offers peace of mind, modern upgrades, and exceptional waterfront living. Ideally positioned between St. Petersburg and Sarasota, the location provides convenient access to I-275, I-75, US-41, and US-19. World-class dining, shopping, cultural attractions, and Gulf Coast beaches are all within approximately 30 minutes. Inside, the bright and open floor plan creates a seamless flow between the living and dining areas, ideal for both everyday living and entertaining. New luxury vinyl plank flooring runs throughout the home, enhancing durability and style. The home has been comprehensively updated in 2023, including new hot and cold water plumbing, new sewer lines, a new roof with insulation, and new hurricane-impact windows and doors. The chef's kitchen is a true centerpiece, featuring new shaker-style cabinetry, quartz countertops, a deep farmhouse sink, and all-new stainless-steel appliances, including a natural gas range. A spacious walk-in pantry offers excellent storage and organization. The sun-filled Florida Room, lined with expansive windows and French doors, opens to the backyard and waterfront, providing a versatile space for relaxing, entertaining, or enjoying the view. Exterior improvements completed in 2023 include new stucco, a new concrete walkway surrounding the home, and enhanced outdoor living features. The primary suite offers abundant natural light, generous closet space, and a beautifully updated ensuite bath with a quartz-topped vanity and walk-in shower. An adjacent private flex room is ideal for a home office, studio, nursery, or fitness space. A second bedroom and full bath are thoughtfully located across the hall, offering privacy for guests. The secondary bath includes a soaking tub, pedestal sink, and built-in storage. For boating enthusiasts, this property truly stands out. The waterfront has been fully upgraded with a new bulkhead, new dock, new canopy, and a 12,000-lb boat lift. A 27' Sea Ray boat conveys with the home, making this a rare turnkey waterfront opportunity. The composite dock is equipped with water and electricity, allowing you to enjoy effortless access to Terra Ceia Bay and unforgettable Florida sunsets right from your backyard. Don't miss the opportunity to make 5108 Commonwealth Rd your waterfront retreat. Schedule your private showing today.
| DAYS ON MARKET | 162 | LAST UPDATED | 9/12/2025 |
|---|---|---|---|
| TRACT | PALMETTO SKYWAY REP | YEAR BUILT | 1963 |
| COMMUNITY | 34221 - Palmetto/Rubonia | GARAGE SPACES | 1.0 |
| COUNTY | Manatee | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Palm View Elementary |
|---|---|
| Jr. High School | Buffalo Creek Middle |
| High School | Palmetto High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Electric Water Heater, Range, Refrigerator |
| AREA | 34221 - Palmetto/Rubonia |
| CONSTRUCTION | Block |
| EXTERIOR | Lighting, Rain Gutters |
| GARAGE | Yes |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features, Open Floorplan |
| LOT | 9148 sq ft |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 76x120 |
| PARKING | Attached |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | PALMETTO SKYWAY REP |
| TAXES | 4292.79 |
| UTILITIES | Electricity Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Water |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
MORTGAGE CALCULATOR
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Listing provided by Chris Sakamoto, MARK SPAIN REAL ESTATE, 855-299-7653
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 2/20/26 8:52 PM PST.
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