4829 COMMONWEALTH ROAD, Palmetto, FL, 34221 | $799,900

Coastal Living at Its Finest in Bay Colony! Welcome to your updated tropical retreat in the highly sought-after Bay Colony—a true deep-water boating community nestled on the pristine shores of Terra Ceia Bay, just south of the iconic Sunshine Skyway Bridge. With exceptionally deep and wide canals, this waterfront gem accommodates large vessels and sailboats with ease. Enjoy the luxury of no bridges to the Gulf, protected harbors, and clearly marked channels—boater's paradise found!

Step through brand-new coastal-style impact glass double doors and be greeted by elegant 24-inch tile laid on a diagonal, guiding you through the light-filled, open-concept layout straight to your personal slice of paradise.

The sparkling new kitchen is a dream for any coastal chef, featuring all-new appliances, a breakfast bar for casual bites, and a shimmering backsplash that catches the Florida sun. Natural light pours in from every angle, highlighting the thoughtful upgrades and airy ambiance throughout.

Drift past the cozy electric fireplace and head to the serene primary suite, complete with a spacious closet and a beautifully updated ensuite bath. The bathroom conveniently opens directly to the pool, perfect for rinsing off after a day in the sun.

This home has been thoughtfully updated with impact-rated doors and select windows, a completely replaced duct system, and resurfaced ceilings for a clean, fresh feel.

Relax in the afternoons by the glistening pool and soak in the hot tub as the sun sets over the bay. For the serious boater, you'll love the 75 feet of waterfront, a 50' x 8' composite dock, a 13, 000 lb boat lift with remote, and 50 AMP shore power service—everything you need to live your best salt life.

Whether you're an avid boater, a poolside lounger, or someone who simply craves that salty breeze, this home delivers. A must-see for even the most discerning buyers!

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: In Garage
  • Year Built: 1972
  • Garage: 2-car Circular Driveway
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,721
  • Acreage: 0.21
  • Est. Taxes: $3,625
  • Lot Desc: FloodZone, In County, Landscaped, Street Dead-End
  • View: Pool, Water
  • Pool: In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4652799
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/A4652799/4829commonwealthroad_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/22/2025 6:32:11 PM)
Listing courtesy of TIM LESTER INTERNAT'L REALTY   Phone: 941-981-5388

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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4829 COMMONWEALTH ROAD, Palmetto, FL, 34221

$799,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $639,920 $639,920 $639,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.125% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.360% 7.290% 6.404%
Monthly Tax Payment $302 $302 $302
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,365 $4,311 $5,443
Total Monthly Payment $4,759 $4,705 $5,837

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.