Back 4903 Commonwealth Road
Off Market

4903 Commonwealth Road

Memphis FL 34221

4
3
1
3916 sq. ft.
8999 sq. ft.
Single-Family
Last sold for $863,500
Tim LesterTim Lester, last sold this property on 15 June 2026 after 114 days on market.

Overview

Welcome to a Deep-Water Tropical Oasis in Palmetto, Florida. Enter through the gated courtyard framed by elegant arches and ambient outdoor lighting, where a tranquil koi pond finished in travertine and polished black rock sparkles in the light. As you cross over the water feature and hear the gentle cascade of the waterfall, the stress of the outside world immediately fades away. This fully renovated 4 bedroom, 3-bath waterfront residence blends architectural charm with thoughtful modern upgrades. The split floor plan offers two spacious primary suites—ideal for guests or multi-generational living—with two bedrooms on each side of the home connected by a large central living area. A formal dining room and breakfast nook provide versatile entertaining spaces, while the oversized primary suite features a cozy reading nook, completely updated bath, and an impressive walk-in closet. The brand-new kitchen is designed to impress, showcasing quartz countertops, a scalloped tile backsplash, under-cabinet lighting, custom solid-wood cabinetry with built-in storage, and a commercial-style 5-burner gas stove with oven air fryer. The breakfast bar opens seamlessly to the living area, creating the perfect flow for entertaining. Seven sets of new Miami-Dade-rated PGT double sliding doors enhance natural light, efficiency, and storm protection. Sound-deadening insulation was installed in 2025 for added comfort, and a custom 5-foot permanently installed safe provides secure storage. The home is topped with a new Owens Corning roof and new gutters for peace of mind. Step outside to the fully caged pool and lanai finished in elegant travertine tile. The self-cleaning pool features both a heater and chiller combo for year-round enjoyment while overlooking the wide canal. The professionally upgraded irrigation system (2025) is supplied by a private well, keeping the lush landscaping vibrant and efficient. For boating enthusiasts, this property is exceptional: 75 feet of deep-water frontage, approximately 6 feet of water at low tide, a 120-foot-wide canal, no bridges to the Gulf, a 40-foot dock, and a 20,000-pound double IMM boat lift. Additional features include electrical outlets on the dock (upgradable with pre-installed wiring for either 30 or 50-amp service), water access, and ample outdoor space with room to park a small RV complete with a 30-amp hookup. This is more than a home—it is a private waterfront sanctuary offering deep-water access, refined upgrades, and timeless character in one of Palmetto’s premier boating locations.

Features

4 bedrooms
3 bathrooms
1 carspace
1 garage space
3916 sq. ft. floor area
8999 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Memphis over the last 12 months, the estimated median property value of 4903 Commonwealth Road is $398.21k.

Median value
$398.21k
Estimated value range
$208k - $2.2m
Median days on market
60
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Memphis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4903 Commonwealth Road

2026
Sold
$863,500
15 Jun 2026 by Tim Lester, of TIM LESTER INTERNAT'L REALTY
2005
Sold
$549,000
28 Jan 2005 by Ruth Lawler, of MICHAEL SAUNDERS & COMPANY

Happy sellers in Memphis

82%
82% of sellers in Memphis reported that their sale price either exceeded or met their price expectations.

Memphis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 35 reviews in Memphis over the last 12 months.

Local market activity for 4 bedroom single-family properties in Memphis

In the last 12 months, 356 four-bedroom single-family properties similar to 4903 Commonwealth Road, have been sold.

This represents a 18% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Memphis

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent