5404 Bay State Rd Palmetto, FL 34221
Memphis AreaEstimated payment $5,133/month
Highlights
- Hot Property
- Dock has access to electricity
- Sailboat Water Access
- 106 Feet of Salt Water Canal Waterfront
- Parking available for a boat
- Boat Lift
About This Home
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, this exceptional property blends modern comfort with endless outdoor living opportunities. 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!
Listing Agent
TIM LESTER INTERNAT'L REALTY Brokerage Phone: 941-981-5388 License #3101382 Listed on: 07/15/2026
Open House Schedule
-
Sunday, July 19, 20261:00 to 3:00 pm7/19/2026 1:00:00 PM +00:007/19/2026 3:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,197
Year Built
- Built in 1982
Lot Details
- 12,288 Sq Ft Lot
- 106 Feet of Salt Water Canal Waterfront
- Property fronts a saltwater canal
- Cul-De-Sac
- Unincorporated Location
- Northwest Facing Home
- Chain Link Fence
- Mature Landscaping
- Well Sprinkler System
- Property is zoned RSF4.5/C
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
- Parking available for a boat
Home Design
- Bi-Level Home
- Slab Foundation
- Frame Construction
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 2,220 Sq Ft Home
- Open Floorplan
- Ceiling Fan
- Wood Burning Fireplace
- Blinds
- Sliding Doors
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room
- Dining Room
- Bonus Room
- Canal Views
- Storm Windows
Kitchen
- Range
- Microwave
- Dishwasher
- Stone Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Upstairs
- Split Bedroom Floorplan
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
- Laundry Chute
Outdoor Features
- Sailboat Water Access
- No Fixed Bridges
- Access to Saltwater Canal
- Davits
- Seawall
- Boat Lift
- Dock has access to electricity
- Dock made with wood
- Deck
- Exterior Lighting
- Rear Porch
Location
- Flood Zone Lot
Schools
- Palm View Elementary School
- Palmetto High School
Utilities
- Central Heating and Cooling System
- Thermostat
- Natural Gas Connected
- 1 Water Well
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 43
- Assessor Parcel Number 2210800005
Community Details
Overview
- No Home Owners Association
- Palmetto Skyway Community
- Palmetto Skyway Sec 2 Subdivision
- The community has rules related to allowable golf cart usage in the community
Recreation
- Dog Park
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,197 | $468,547 | ||
| 2023 | $5,764 | $442,080 | $0 | $0 |
| 2022 | $5,622 | $429,204 | $0 | $0 |
| 2021 | $5,415 | $416,703 | $175,000 | $241,703 |
| 2020 | $3,845 | $290,143 | $0 | $0 |
| 2019 | $3,787 | $283,620 | $0 | $0 |
| 2018 | $3,754 | $278,332 | $0 | $0 |
| 2017 | $3,480 | $272,607 | $0 | $0 |
| 2016 | $3,475 | $267,000 | $0 | $0 |
| 2015 | $3,518 | $265,144 | $0 | $0 |
| 2014 | $3,518 | $263,040 | $0 | $0 |
| 2013 | $3,508 | $259,153 | $125,750 | $133,403 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | For Sale | $849,900 | -- | $383 / Sq Ft |
Source: Stellar MLS
MLS Number: A4700079
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Ask me questions while you tour the home.