CENTURY 21 Edge
$799,000$849,9003 bd3 ba2,220 sqft$360 /sqft≈$6,004 /mo all-in ↓

5404 BAY STATE ROAD, PALMETTO, FL, 34221

Active115 days on marketListed Jul 15, 2026MLS #A4700079

✦ Reduced $51KWaterfrontSingle Family ResidencePALMETTO SKYWAY SEC 2

About this home

5404 BAY STATE ROAD

Back on the market due to buyers job loss! Don't miss your chance to be the lucky buyer on this one! Experience the ultimate Florida waterfront lifestyle in one of Palmetto's best kept secrets, Bay Colony. This elevated coastal retreat offers 3 bedrooms, 3 bathrooms, and 2,220 square feet of thoughtfully designed living space. Perfectly positioned along a deep-water canal with easy access to Terra Ceia Bay and the Gulf of Mexico, this exceptional waterfront property offers 105 feet of seawall, providing ample room to accommodate larger vessels. With dockside electric and water hookups, boating enthusiasts will appreciate the convenience of having everything they need right in their own backyard. Combining modern comfort with outstanding boating amenities and endless outdoor living opportunities, this property delivers the ultimate Florida waterfront lifestyle.Inside, an open and inviting floor plan with updated impact doors and windows is enhanced by abundant natural light, elegant finishes, and seamless flow for both everyday living and entertaining. The beautifully updated kitchen serves as the heart of the home, featuring sleek quartz countertops, a stylish designer backsplash, ample cabinetry, and generous prep space for gatherings large and small. The spacious primary suite offers a peaceful retreat, while two additional bedrooms provide comfortable accommodations for family and guests. On the lower level, a versatile bonus room with a full bathroom offers exceptional flexibility, making it ideal for a guest suite, home office, fitness room, media room, or private space for visiting family and friends. Designed for those who appreciate life on the water, the property boasts an updated private dock complete with a 15,000-pound boat lift, making it effortless to spend your days fishing, boating, or cruising the Gulf waters. Outside, the expansive lot offers an incredible opportunity to create the backyard of your dreams. With plenty of room to add a custom pool and outdoor kitchen, you can design your own private tropical oasis perfectly suited to your lifestyle. The home's elevated construction provides added peace of mind while maximizing coastal breezes and the beauty of its waterfront setting. Conveniently located near waterfront dining, marinas, pristine Gulf beaches, and the vibrant destinations of Sarasota, St. Petersburg, and Tampa, this exceptional residence offers the perfect balance of tranquility, luxury, and adventure. Whether you're searching for a full-time waterfront residence or the ultimate coastal getaway, this property presents a rare opportunity to own a slice of paradise with direct boating access, flexible living space, and endless possibilities for creating the Florida lifestyle you've always envisioned. Call today for your own private tour!

Facts & features

The home at a glance

3

Bedrooms

3

Bathrooms

2,220

Sqft

0.28 ac

Lot size

2

Garage

1982

Year built

Two

Levels

$360

Per sqft

WaterfrontFireplaceWater viewNegotiablePets allowed

Inside

FlooringVinyl
AppliancesDishwasher · Disposal · Dryer · Electric Water Heater · Microwave · Range · Refrigerator · Washer
InteriorCeiling Fan(s) · Kitchen/Family Room Combo · Open Floorplan · PrimaryBedroom Upstairs · Solid Wood Cabinets · Split Bedroom · Stone Counters · Thermostat · Walk-In Closet(s) · Window Treatments
LaundryInside · Laundry Chute · Laundry Room
CoolingCentral Air
HeatingCentral
FurnishedNegotiable

Outside & construction

RoofShingle
ConstructionBlock · Stucco · Wood Frame (FSC Certified)
FoundationSlab
ViewWater
FacesNorthwest
ParkingBoat · Driveway · Garage Door Opener
ExteriorIrrigation System · Lighting · Sliding Doors

Community & fees

Taxes (2025)$6,197/yr
PetsYes
CommunityBay/Harbor Front · Canal Front · Community Boat Ramp · Fishing · Water Access · Waterfront · Dog Park · Golf Carts OK

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Available · Electricity Connected · Natural Gas Connected · Public · Sprinkler Well
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$6,004 /mo · 10% down Conventional, 30-yr fixed at 7.5%

Principal & interest$5,028
PMI (est., until 20% equity)$300
Property tax — 2025 actual bill$516
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $79,900Loan30-yr fixed at 7.5%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $79,900
Interest rate7.50%
Loan term

Estimated payment

$6,004/mo

Principal & interest$5,028
PMI (est., until 20% equity)$300
Property taxes (actual bill)$516
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Can I afford this home? → See what you can comfortably afford from your income, debts and savings.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

List $799K
$586KedgeAI estimate $666,798 · range $610K–$733K$831K

vs edgeAI estimate

+19.8%

$/sqft vs Palmetto actives

$360 vs $200

Days on market

115 vs 73 typical

Where $360/sqft sits among the 400 Palmetto actives

98
153
66
31
18 · this home
34
$123–171$171–219$219–267$267–315$315–363$363+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Palmetto

Drive times from this address

Downtown Tampa≈ 44 min
Tampa Int’l Airport (TPA)≈ 44 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Palmetto. See the full Palmetto guide →

PALMETTO 34221 — neighborhood snapshot

Population

56,208

Median age

45.5

Median income

$77,712

Median home value

$338,600

Avg household

2.6

Households w/ children

4,828

For the school run

Manatee County School District

ElementaryVirgil Mills Elementary School★★★★★
MiddleBuffalo Creek Middle School★★★★★
HighPalmetto High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Palmetto market

Seller’s marketLeans seller — 4.4 months of inventoryBuyer’s market

$375K → $390K

Palmetto median sold, yr/yr

97.2%

Sale-to-list ratio (12 mo)

255 of 400

Palmetto actives have cut their price

Median sold price, Palmetto, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 119% above the PALMETTO 34221 median. See the full Palmetto market guide →

Paper trail

This home's history

CurrentPrice reduced to $799,000 ▼ $51K
Jul 15, 2026Listed at $849,900 · 115 days on market since
1982Built · PALMETTO SKYWAY SEC 2

Reality check

What actually sold near 5404 BAY STATE ROAD

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

4233 5TH AVENUE WSold · May ’26

$425,000

4233 5TH AVENUE W

4 bd · 2.5 ba · 2,200 sqft · $193/sqft · 168 DOM

4119 5TH AVENUE WSold · Feb ’26

$440,000

4119 5TH AVENUE W

3 bd · 2 ba · 2,126 sqft · $207/sqft · 31 DOM

4904 COMMONWEALTH RD.Sold · Feb ’26

$800,000

4904 COMMONWEALTH RD.

3 bd · 2 ba · 2,324 sqft · $344/sqft · 125 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Bridget McLennon

Your agent

Bridget McLennon

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 5404 BAY STATE ROAD — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 5404 BAY STATE ROAD — before you fall in love.

See it in person

Schedule a tour

Live availability from Bridget's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

5404 BAY STATE ROAD FAQs

What would the monthly payment be for 5404 BAY STATE ROAD?+

With 10% down on a 30-year Conventional loan at 7.5%, the all-in payment lands around $6,004/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 5404 BAY STATE ROAD?+

The most recent tax bill on record (2025) was $6,197. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 5404 BAY STATE ROAD?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Palmetto?+

At $799,000, this home is listed about 101% above the Palmetto median of $397,950. The market section on this page shows how the area is trending.

Which schools are assigned to 5404 BAY STATE ROAD?+

Virgil Mills Elementary School (elementary), Buffalo Creek Middle School (middle), Palmetto High School (high) — Manatee County School District. Always verify school assignments with the district before relying on them.

The brief

Three things that matter here

01Positioned at the premium end

$799,000 runs 119% above the PALMETTO 34221 median.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03The price has already moved

Listed at $849,900, now $799,000 — a $51K cut. The full history is in the market section below.

Listing courtesy of TIM LESTER INTERNAT'L REALTY · Tim Lester. MLS #A4700079.

IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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